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 0.31, 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. SAIA - Performance Comparison
Key characteristics
ONTO:
0.89
SAIA:
0.25
ONTO:
1.42
SAIA:
0.69
ONTO:
1.19
SAIA:
1.10
ONTO:
1.43
SAIA:
0.32
ONTO:
2.98
SAIA:
0.55
ONTO:
16.05%
SAIA:
23.08%
ONTO:
54.06%
SAIA:
51.82%
ONTO:
-98.56%
SAIA:
-80.35%
ONTO:
-9.01%
SAIA:
-19.64%
Fundamentals
ONTO:
$10.70B
SAIA:
$13.11B
ONTO:
$3.77
SAIA:
$13.83
ONTO:
57.45
SAIA:
35.21
ONTO:
1.08
SAIA:
2.44
ONTO:
$723.38M
SAIA:
$2.42B
ONTO:
$358.17M
SAIA:
$421.17M
ONTO:
$197.17M
SAIA:
$539.20M
Returns By Period
In the year-to-date period, ONTO achieves a 29.95% return, which is significantly higher than SAIA's 6.84% return. Over the past 10 years, ONTO has outperformed SAIA with an annualized return of 30.03%, while SAIA has yielded a comparatively lower 26.04% annualized return.
ONTO
29.95%
27.28%
9.94%
39.47%
40.20%
30.03%
SAIA
6.84%
-4.66%
0.35%
10.27%
38.04%
26.04%
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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
Onto Innovation Inc. (ONTO) and Saia, Inc. (SAIA) have volatilities of 11.78% and 11.54%, 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. 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