ONTO vs. USLM
ONTO (Onto Innovation Inc.) and USLM (United States Lime & Minerals, Inc.) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while USLM operates in Building Materials (Basic Materials). Over the past 10 years, ONTO returned 33.01%/yr vs 26.57%/yr for USLM. At a 0.16 correlation, their price movements are largely independent.
Performance
ONTO vs. USLM - Performance Comparison
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Returns By Period
In the year-to-date period, ONTO achieves a 105.17% return, which is significantly higher than USLM's -9.38% return. Over the past 10 years, ONTO has outperformed USLM with an annualized return of 33.01%, while USLM has yielded a comparatively lower 26.57% annualized return.
ONTO
- 1D
- 6.70%
- 1M
- 19.17%
- YTD
- 105.17%
- 6M
- 107.14%
- 1Y
- 242.01%
- 3Y*
- 42.57%
- 5Y*
- 33.99%
- 10Y*
- 33.01%
USLM
- 1D
- 2.30%
- 1M
- 4.28%
- YTD
- -9.38%
- 6M
- -17.05%
- 1Y
- 11.01%
- 3Y*
- 41.21%
- 5Y*
- 31.26%
- 10Y*
- 26.57%
ONTO vs. USLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONTO Onto Innovation Inc. | 105.17% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
USLM United States Lime & Minerals, Inc. | -9.38% | -9.59% | 188.91% | 64.34% | 9.84% | 13.69% | 27.15% | 35.03% | -7.26% | 2.47% |
Correlation
The correlation between ONTO and USLM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 1992 | 0.16 |
Over the past year, ONTO and USLM have become more correlated (0.38) than their long-term average of 0.16, meaning their price movements have been converging.
Fundamentals
ONTO:
$2.15
USLM:
$6.07
ONTO:
150.40
USLM:
17.87
ONTO:
13.49
USLM:
0.46
ONTO:
15.53
USLM:
6.33
ONTO:
$1.03B
USLM:
$369.31M
ONTO:
$502.93M
USLM:
$177.91M
ONTO:
$177.93M
USLM:
$185.83M
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Return for Risk
ONTO vs. USLM — Risk / Return Rank
ONTO
USLM
ONTO vs. USLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and United States Lime & Minerals, Inc. (USLM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ONTO | USLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.08 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 11.14 | 0.34 | +10.80 |
| Martin ratioReturn relative to average drawdown | 30.28 | 0.79 | +29.49 |
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Drawdowns
ONTO vs. USLM - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, which is greater than USLM's maximum drawdown of -77.09%. Use the drawdown chart below to compare losses from any high point for ONTO and USLM.
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Drawdown Indicators
| ONTO | USLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -77.09% | -21.47% |
Max Drawdown (1Y)Largest decline over 1 year | -20.24% | -26.55% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -62.82% | -45.87% | -16.95% |
Max Drawdown (5Y)Largest decline over 5 years | -62.82% | -45.87% | -16.95% |
Max Drawdown (10Y)Largest decline over 10 years | -62.82% | -45.87% | -16.95% |
Current DrawdownCurrent decline from peak | 0.00% | -30.93% | +30.93% |
Average DrawdownAverage peak-to-trough decline | -54.69% | -27.35% | -27.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 11.39% | -3.94% |
Volatility
ONTO vs. USLM - Volatility Comparison
Onto Innovation Inc. (ONTO) has a higher volatility of 22.52% compared to United States Lime & Minerals, Inc. (USLM) at 9.89%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than USLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONTO | USLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.52% | 9.89% | +12.63% |
Volatility (6M)Calculated over the trailing 6-month period | 44.08% | 32.08% | +12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.63% | 40.42% | +17.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.75% | 35.95% | +19.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.41% | 36.38% | +15.03% |
Dividends
ONTO vs. USLM - Dividend Comparison
ONTO has not paid dividends to shareholders, while USLM's dividend yield for the trailing twelve months is around 0.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USLM United States Lime & Minerals, Inc. | 0.22% | 0.20% | 0.15% | 0.35% | 0.57% | 0.50% | 0.56% | 6.52% | 0.76% | 0.70% | 0.66% | 0.91% |
Financials
ONTO vs. USLM - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and United States Lime & Minerals, 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
ONTO vs. USLM - Profitability Comparison
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Onto Innovation Inc. reported a gross profit of 146.39M and revenue of 291.95M. Therefore, the gross margin over that period was 50.1%.
USLM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, United States Lime & Minerals, Inc. reported a gross profit of 41.75M and revenue of 87.83M. Therefore, the gross margin over that period was 47.5%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Onto Innovation Inc. reported an operating income of 33.51M and revenue of 291.95M, resulting in an operating margin of 11.5%.
USLM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, United States Lime & Minerals, Inc. reported an operating income of 35.78M and revenue of 87.83M, resulting in an operating margin of 40.7%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Onto Innovation Inc. reported a net income of 33.75M and revenue of 291.95M, resulting in a net margin of 11.6%.
USLM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, United States Lime & Minerals, Inc. reported a net income of 30.58M and revenue of 87.83M, resulting in a net margin of 34.8%.
Frequently Asked Questions
ONTO and USLM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONTO has higher volatility (22.52%) compared to USLM (9.89%). In terms of maximum drawdown, ONTO dropped -98.56% vs USLM's -77.09%.
ONTO currently has the higher Sharpe Ratio (3.91 vs 0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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