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.
Correlation
The correlation between ONTO and NVMI is 0.36, 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.
Performance
ONTO vs. NVMI - Performance Comparison
Key characteristics
ONTO:
-0.76
NVMI:
-0.17
ONTO:
-0.93
NVMI:
0.14
ONTO:
0.88
NVMI:
1.02
ONTO:
-0.80
NVMI:
-0.23
ONTO:
-1.97
NVMI:
-0.59
ONTO:
22.81%
NVMI:
16.06%
ONTO:
58.84%
NVMI:
56.10%
ONTO:
-98.56%
NVMI:
-98.22%
ONTO:
-56.13%
NVMI:
-40.79%
Fundamentals
ONTO:
$5.15B
NVMI:
$4.74B
ONTO:
$4.06
NVMI:
$5.76
ONTO:
25.72
NVMI:
28.13
ONTO:
0.58
NVMI:
0.00
ONTO:
$758.48M
NVMI:
$530.60M
ONTO:
$384.61M
NVMI:
$303.83M
ONTO:
$191.50M
NVMI:
$167.08M
Returns By Period
In the year-to-date period, ONTO achieves a -37.34% return, which is significantly lower than NVMI's -17.73% return. Over the past 10 years, ONTO has underperformed NVMI with an annualized return of 21.05%, while NVMI has yielded a comparatively higher 30.04% annualized return.
ONTO
-37.34%
-25.49%
-50.04%
-43.43%
30.29%
21.05%
NVMI
-17.73%
-28.72%
-20.02%
-7.96%
38.64%
30.04%
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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.
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. For additional features, visit the drawdowns tool.
Volatility
ONTO vs. NVMI - Volatility Comparison
Onto Innovation Inc. (ONTO) and Nova Ltd (NVMI) have volatilities of 19.95% and 19.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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