ONTO vs. SAIA
Compare and contrast key facts about Onto Innovation Inc. (ONTO) and Saia, Inc. (SAIA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONTO or SAIA.
Correlation
The correlation between ONTO and SAIA is 0.51, 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.
Performance
ONTO vs. SAIA - Performance Comparison
Key characteristics
ONTO:
-0.44
SAIA:
-0.84
ONTO:
-0.26
SAIA:
-1.06
ONTO:
0.97
SAIA:
0.84
ONTO:
-0.51
SAIA:
-0.93
ONTO:
-1.12
SAIA:
-2.35
ONTO:
25.67%
SAIA:
23.44%
ONTO:
66.03%
SAIA:
65.32%
ONTO:
-98.56%
SAIA:
-80.35%
ONTO:
-47.24%
SAIA:
-59.46%
Fundamentals
ONTO:
$6.14B
SAIA:
$6.54B
ONTO:
$4.06
SAIA:
$13.50
ONTO:
30.93
SAIA:
18.19
ONTO:
0.67
SAIA:
1.39
ONTO:
6.22
SAIA:
2.04
ONTO:
3.18
SAIA:
2.83
ONTO:
$758.48M
SAIA:
$2.45B
ONTO:
$384.61M
SAIA:
$450.51M
ONTO:
$191.50M
SAIA:
$526.74M
Returns By Period
In the year-to-date period, ONTO achieves a -24.65% return, which is significantly higher than SAIA's -46.10% return. Over the past 10 years, ONTO has outperformed SAIA with an annualized return of 23.34%, while SAIA has yielded a comparatively lower 19.67% annualized return.
ONTO
-24.65%
-2.20%
-38.55%
-33.82%
30.47%
23.34%
SAIA
-46.10%
-34.67%
-46.79%
-42.72%
23.52%
19.67%
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Risk-Adjusted Performance
ONTO vs. SAIA — Risk-Adjusted Performance Rank
ONTO
SAIA
ONTO vs. SAIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Saia, Inc. (SAIA). 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. SAIA - Dividend Comparison
Neither ONTO nor SAIA has paid dividends to shareholders.
Drawdowns
ONTO vs. SAIA - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, which is greater than SAIA's maximum drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for ONTO and SAIA. For additional features, visit the drawdowns tool.
Volatility
ONTO vs. SAIA - Volatility Comparison
The current volatility for Onto Innovation Inc. (ONTO) is 33.93%, while Saia, Inc. (SAIA) has a volatility of 44.78%. This indicates that ONTO experiences smaller price fluctuations and is considered to be less risky than SAIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ONTO vs. SAIA - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and Saia, 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