ONTO vs. SAIA

Last updated Apr 1, 2026

Compare and contrast key facts about Onto Innovation Inc. (ONTO) and Saia, Inc. (SAIA).

Performance

ONTO vs. SAIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Onto Innovation Inc. (ONTO) and Saia, Inc. (SAIA). The values are adjusted to include any dividend payments, if applicable.

ONTO vs. SAIA - 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%
SAIA Saia, Inc.	7.58%	-28.35%	4.00%	108.99%	-37.79%	86.41%	94.16%	66.82%	-21.10%	60.25%

Fundamentals

EPS ONTO : $2.78 SAIA : $10.59
PE Ratio ONTO : 73.81 SAIA : 33.18
PEG Ratio ONTO : 6.62 SAIA : 1.08
PS Ratio ONTO : 10.04 SAIA : 2.91
Total Revenue (TTM) ONTO : $1.01B SAIA : $3.23B
Gross Profit (TTM) ONTO : $499.77M SAIA : $618.04M
EBITDA (TTM) ONTO : $188.86M SAIA : $630.93M

Returns By Period

In the year-to-date period, ONTO achieves a 29.91% return, which is significantly higher than SAIA's 7.58% return. Both investments have delivered pretty close results over the past 10 years, with ONTO having a 29.67% annualized return and SAIA not far behind at 28.64%.

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%

SAIA

• 1D: 4.54%
• 1M: -13.35%
• YTD: 7.58%
• 6M: 17.34%
• 1Y: 0.53%
• 3Y*: 8.89%
• 5Y*: 8.46%
• 10Y*: 28.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ONTO vs. SAIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONTO

ONTO Risk / Return Rank: 75
ONTO Sharpe Ratio Rank: 75
ONTO Sortino Ratio Rank: 71
ONTO Omega Ratio Rank: 73
ONTO Calmar Ratio Rank: 78
ONTO Martin Ratio Rank: 75

SAIA

SAIA Risk / Return Rank: 41
SAIA Sharpe Ratio Rank: 41
SAIA Sortino Ratio Rank: 42
SAIA Omega Ratio Rank: 43
SAIA Calmar Ratio Rank: 40
SAIA Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONTO vs. SAIA - Risk-Adjusted Trends 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.

	ONTO	SAIA	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.01	+0.99
Sortino ratio Return per unit of downside risk	1.58	0.45	+1.12
Omega ratio Gain probability vs. loss probability	1.23	1.07	+0.17
Calmar ratio Return relative to maximum drawdown	2.02	-0.06	+2.08
Martin ratio Return relative to average drawdown	4.20	-0.11	+4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONTO vs. SAIA - Sharpe Ratio Comparison

The current ONTO Sharpe Ratio is 1.00, which is higher than the SAIA Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of ONTO and SAIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ONTO	SAIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.01	+0.99
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	0.63	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.35	-0.15

Correlation

The correlation between ONTO and SAIA is 0.32, 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.

Dividends

ONTO vs. SAIA - Dividend Comparison

Neither ONTO nor SAIA has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	ONTO	SAIA	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-80.35%	-18.21%
Max Drawdown (1Y) Largest decline over 1 year	-33.64%	-36.86%	+3.22%
Max Drawdown (5Y) Largest decline over 5 years	-62.82%	-60.94%	-1.88%
Max Drawdown (10Y) Largest decline over 10 years	-62.82%	-60.94%	-1.88%
Current Drawdown Current decline from peak	-13.85%	-42.03%	+28.18%
Average Drawdown Average peak-to-trough decline	-54.98%	-28.75%	-26.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.20%	20.01%	-3.81%

Volatility

ONTO vs. SAIA - Volatility Comparison

Onto Innovation Inc. (ONTO) has a higher volatility of 22.54% compared to Saia, Inc. (SAIA) at 16.81%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than SAIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONTO	SAIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.54%	16.81%	+5.73%
Volatility (6M) Calculated over the trailing 6-month period	41.71%	34.76%	+6.95%
Volatility (1Y) Calculated over the trailing 1-year period	69.14%	61.80%	+7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.81%	50.93%	+3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.78%	45.58%	+5.20%

Financials

ONTO vs. SAIA - Profitability Comparison

The chart below illustrates the profitability comparison between Onto Innovation Inc. and Saia, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

SAIA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Saia, Inc. reported a gross profit of 213.53M and revenue of 839.64M. Therefore, the gross margin over that period was 25.4%.

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%.

SAIA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Saia, Inc. reported an operating income of 118.61M and revenue of 839.64M, resulting in an operating margin of 14.1%.

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%.

SAIA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Saia, Inc. reported a net income of 86.32M and revenue of 839.64M, resulting in a net margin of 10.3%.