ONTO vs. SPY
Compare and contrast key facts about Onto Innovation Inc. (ONTO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ONTO or SPY.
Correlation
The correlation between ONTO and SPY is 0.39, 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. SPY - Performance Comparison
Key characteristics
ONTO:
-0.69
SPY:
0.32
ONTO:
-0.77
SPY:
0.51
ONTO:
0.90
SPY:
1.07
ONTO:
-0.75
SPY:
0.39
ONTO:
-1.80
SPY:
1.52
ONTO:
22.53%
SPY:
3.13%
ONTO:
58.71%
SPY:
14.74%
ONTO:
-98.56%
SPY:
-55.19%
ONTO:
-53.86%
SPY:
-12.17%
Returns By Period
In the year-to-date period, ONTO achieves a -34.10% return, which is significantly lower than SPY's -8.15% return. Over the past 10 years, ONTO has outperformed SPY with an annualized return of 21.34%, while SPY has yielded a comparatively lower 11.89% annualized return.
ONTO
-34.10%
-18.89%
-46.83%
-42.11%
31.64%
21.34%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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Risk-Adjusted Performance
ONTO vs. SPY — Risk-Adjusted Performance Rank
ONTO
SPY
ONTO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ONTO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONTO Onto Innovation Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ONTO vs. SPY - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ONTO and SPY. For additional features, visit the drawdowns tool.
Volatility
ONTO vs. SPY - Volatility Comparison
Onto Innovation Inc. (ONTO) has a higher volatility of 19.82% compared to SPDR S&P 500 ETF (SPY) at 7.47%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.