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:
-0.76
SAIA:
-0.81
ONTO:
-0.93
SAIA:
-1.00
ONTO:
0.88
SAIA:
0.86
ONTO:
-0.80
SAIA:
-0.94
ONTO:
-1.97
SAIA:
-1.67
ONTO:
22.81%
SAIA:
26.47%
ONTO:
58.84%
SAIA:
54.58%
ONTO:
-98.56%
SAIA:
-80.35%
ONTO:
-56.13%
SAIA:
-46.79%
Fundamentals
ONTO:
$5.15B
SAIA:
$8.59B
ONTO:
$4.06
SAIA:
$13.51
ONTO:
25.72
SAIA:
23.86
ONTO:
0.58
SAIA:
1.70
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 -37.34% return, which is significantly lower than SAIA's -29.26% return. Over the past 10 years, ONTO has underperformed SAIA with an annualized return of 21.05%, while SAIA has yielded a comparatively higher 23.29% annualized return.
ONTO
-37.34%
-25.49%
-50.04%
-43.43%
30.29%
21.05%
SAIA
-29.26%
-18.42%
-24.70%
-43.61%
38.03%
23.29%
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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) has a higher volatility of 19.95% compared to Saia, Inc. (SAIA) at 18.90%. 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.
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