Correlation
The correlation between ONTO and NVMI is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ONTO vs. NVMI
Compare and contrast key facts about Onto Innovation Inc. (ONTO) and Nova Ltd (NVMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONTO or NVMI.
Performance
ONTO vs. NVMI - Performance Comparison
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Key characteristics
ONTO:
-0.82
NVMI:
-0.22
ONTO:
-1.15
NVMI:
0.16
ONTO:
0.84
NVMI:
1.02
ONTO:
-0.96
NVMI:
-0.25
ONTO:
-2.01
NVMI:
-0.52
ONTO:
29.91%
NVMI:
19.73%
ONTO:
72.63%
NVMI:
59.54%
ONTO:
-98.56%
NVMI:
-98.22%
ONTO:
-61.34%
NVMI:
-33.13%
Fundamentals
ONTO:
$4.50B
NVMI:
$5.38B
ONTO:
$4.42
NVMI:
$6.63
ONTO:
20.82
NVMI:
27.60
ONTO:
0.64
NVMI:
0.00
ONTO:
4.39
NVMI:
7.23
ONTO:
2.41
NVMI:
5.53
ONTO:
$1.03B
NVMI:
$743.95M
ONTO:
$527.85M
NVMI:
$426.13M
ONTO:
$254.63M
NVMI:
$231.46M
Returns By Period
In the year-to-date period, ONTO achieves a -44.79% return, which is significantly lower than NVMI's -7.08% return. Over the past 10 years, ONTO has underperformed NVMI with an annualized return of 19.81%, while NVMI has yielded a comparatively higher 31.37% annualized return.
ONTO
-44.79%
-26.80%
-44.66%
-60.53%
9.24%
23.69%
19.81%
NVMI
-7.08%
-6.99%
1.80%
-14.33%
23.16%
31.19%
31.37%
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Risk-Adjusted Performance
ONTO vs. NVMI — Risk-Adjusted Performance Rank
ONTO
NVMI
ONTO vs. NVMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Nova Ltd (NVMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
ONTO vs. NVMI - Dividend Comparison
Neither ONTO nor NVMI has paid dividends to shareholders.
Drawdowns
ONTO vs. NVMI - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, roughly equal to the maximum NVMI drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for ONTO and NVMI.
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Volatility
ONTO vs. NVMI - Volatility Comparison
Onto Innovation Inc. (ONTO) has a higher volatility of 38.98% compared to Nova Ltd (NVMI) at 12.90%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than NVMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ONTO vs. NVMI - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and Nova Ltd. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ONTO vs. NVMI - Profitability Comparison
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Onto Innovation Inc. reported a gross profit of 143.23M and revenue of 266.61M. Therefore, the gross margin over that period was 53.7%.
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Nova Ltd reported a gross profit of 122.30M and revenue of 213.36M. Therefore, the gross margin over that period was 57.3%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Onto Innovation Inc. reported an operating income of 63.13M and revenue of 266.61M, resulting in an operating margin of 23.7%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Nova Ltd reported an operating income of 63.23M and revenue of 213.36M, resulting in an operating margin of 29.6%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Onto Innovation Inc. reported a net income of 64.10M and revenue of 266.61M, resulting in a net margin of 24.0%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Nova Ltd reported a net income of 64.82M and revenue of 213.36M, resulting in a net margin of 30.4%.