ONTO vs. PI
Compare and contrast key facts about Onto Innovation Inc. (ONTO) and Impinj, Inc. (PI).
Performance
ONTO vs. PI - Performance Comparison
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ONTO vs. PI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONTO Onto Innovation Inc. | 29.91% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
PI Impinj, Inc. | -40.98% | 19.79% | 61.35% | -17.54% | 23.09% | 111.85% | 61.91% | 77.73% | -35.42% | -36.25% |
Fundamentals
ONTO:
$10.16B
PI:
$3.10B
ONTO:
$2.78
PI:
-$0.37
ONTO:
10.04
PI:
8.45
ONTO:
4.84
PI:
14.80
ONTO:
$1.01B
PI:
$361.08M
ONTO:
$499.77M
PI:
$189.68M
ONTO:
$188.86M
PI:
-$2.09M
Returns By Period
In the year-to-date period, ONTO achieves a 29.91% return, which is significantly higher than PI's -40.98% return.
ONTO
- 1D
- 8.35%
- 1M
- -5.01%
- YTD
- 29.91%
- 6M
- 58.70%
- 1Y
- 69.00%
- 3Y*
- 32.64%
- 5Y*
- 24.01%
- 10Y*
- 29.67%
PI
- 1D
- 6.90%
- 1M
- -16.27%
- YTD
- -40.98%
- 6M
- -43.18%
- 1Y
- 13.23%
- 3Y*
- -8.83%
- 5Y*
- 11.74%
- 10Y*
- —
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Return for Risk
ONTO vs. PI — Risk / Return Rank
ONTO
PI
ONTO vs. PI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Impinj, Inc. (PI). 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.
| ONTO | PI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.16 | +0.84 |
Sortino ratioReturn per unit of downside risk | 1.58 | 0.84 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.19 | +1.83 |
Martin ratioReturn relative to average drawdown | 4.20 | 0.43 | +3.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ONTO | PI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.16 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.17 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.27 | -0.07 |
Correlation
The correlation between ONTO and PI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ONTO vs. PI - Dividend Comparison
Neither ONTO nor PI has paid dividends to shareholders.
Drawdowns
ONTO vs. PI - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, which is greater than PI's maximum drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for ONTO and PI.
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Drawdown Indicators
| ONTO | PI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -81.35% | -17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -33.64% | -62.24% | +28.60% |
Max Drawdown (5Y)Largest decline over 5 years | -62.82% | -73.79% | +10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -62.82% | — | — |
Current DrawdownCurrent decline from peak | -13.85% | -57.55% | +43.70% |
Average DrawdownAverage peak-to-trough decline | -54.98% | -36.51% | -18.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.20% | 27.87% | -11.67% |
Volatility
ONTO vs. PI - Volatility Comparison
Onto Innovation Inc. (ONTO) and Impinj, Inc. (PI) have volatilities of 22.54% and 23.02%, 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.
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Volatility by Period
| ONTO | PI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.54% | 23.02% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 41.71% | 59.56% | -17.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.14% | 81.67% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.81% | 69.48% | -14.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.78% | 72.95% | -22.17% |
Financials
ONTO vs. PI - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and Impinj, Inc.. 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. PI - Profitability Comparison
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Onto Innovation Inc. reported a gross profit of 123.79M and revenue of 266.87M. Therefore, the gross margin over that period was 46.4%.
PI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Impinj, Inc. reported a gross profit of 48.06M and revenue of 92.85M. Therefore, the gross margin over that period was 51.8%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Onto Innovation Inc. reported an operating income of 13.86M and revenue of 266.87M, resulting in an operating margin of 5.2%.
PI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Impinj, Inc. reported an operating income of -2.70M and revenue of 92.85M, resulting in an operating margin of -2.9%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Onto Innovation Inc. reported a net income of 10.53M and revenue of 266.87M, resulting in a net margin of 4.0%.
PI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Impinj, Inc. reported a net income of -1.14M and revenue of 92.85M, resulting in a net margin of -1.2%.