ONTO vs. VST
ONTO (Onto Innovation Inc.) and VST (Vistra Corp.) are both stocks. ONTO operates in Semiconductor Equipment & Materials (Technology), while VST operates in Utilities - Independent Power Producers (Utilities). Over the past 5 years, ONTO returned 29.93%/yr vs 54.75%/yr for VST. At a 0.30 correlation, their price movements are largely independent.
Performance
ONTO vs. VST - Performance Comparison
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Returns By Period
In the year-to-date period, ONTO achieves a 70.40% return, which is significantly higher than VST's -8.82% return.
ONTO
- 1D
- 6.22%
- 1M
- -5.51%
- YTD
- 70.40%
- 6M
- 67.58%
- 1Y
- 179.91%
- 3Y*
- 34.68%
- 5Y*
- 29.93%
- 10Y*
- 30.54%
VST
- 1D
- -1.25%
- 1M
- -0.56%
- YTD
- -8.82%
- 6M
- -11.33%
- 1Y
- -14.96%
- 3Y*
- 83.12%
- 5Y*
- 54.75%
- 10Y*
- —
ONTO vs. VST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONTO Onto Innovation Inc. | 70.40% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
VST Vistra Corp. | -8.82% | 17.66% | 261.52% | 70.73% | 5.08% | 19.57% | -11.87% | 2.46% | 24.95% | 18.19% |
Correlation
The correlation between ONTO and VST is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2016 | 0.30 |
The correlation between ONTO and VST shifts across timeframes, from 0.30 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ONTO:
$2.15
VST:
$8.60
ONTO:
124.91
VST:
17.07
ONTO:
11.20
VST:
0.39
ONTO:
12.90
VST:
2.18
ONTO:
$1.03B
VST:
$17.20B
ONTO:
$502.93M
VST:
$1.12B
ONTO:
$177.93M
VST:
$4.34B
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Return for Risk
ONTO vs. VST — Risk / Return Rank
ONTO
VST
ONTO vs. VST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Onto Innovation Inc. (ONTO) and Vistra Corp. (VST). 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 | VST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.98 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 8.94 | -0.39 | +9.34 |
| Martin ratioReturn relative to average drawdown | 24.42 | -0.74 | +25.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ONTO | VST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | -0.31 | +3.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.15 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.71 | -0.50 |
Drawdowns
ONTO vs. VST - Drawdown Comparison
The maximum ONTO drawdown since its inception was -98.56%, which is greater than VST's maximum drawdown of -53.32%. Use the drawdown chart below to compare losses from any high point for ONTO and VST.
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Drawdown Indicators
| ONTO | VST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -53.32% | -45.24% |
Max Drawdown (1Y)Largest decline over 1 year | -20.24% | -38.01% | +17.77% |
Max Drawdown (3Y)Largest decline over 3 years | -62.82% | -48.80% | -14.02% |
Max Drawdown (5Y)Largest decline over 5 years | -62.82% | -48.80% | -14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -62.82% | — | — |
Current DrawdownCurrent decline from peak | -12.63% | -32.40% | +19.77% |
Average DrawdownAverage peak-to-trough decline | -54.72% | -13.69% | -41.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 20.31% | -12.91% |
Volatility
ONTO vs. VST - Volatility Comparison
Onto Innovation Inc. (ONTO) has a higher volatility of 18.61% compared to Vistra Corp. (VST) at 14.60%. This indicates that ONTO's price experiences larger fluctuations and is considered to be riskier than VST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONTO | VST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 14.60% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 42.21% | 37.50% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.16% | 48.38% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.41% | 47.87% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.23% | 42.18% | +9.05% |
Dividends
ONTO vs. VST - Dividend Comparison
ONTO has not paid dividends to shareholders, while VST's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VST Vistra Corp. | 0.62% | 0.56% | 0.63% | 2.13% | 3.12% | 2.64% | 2.75% | 2.17% | 0.00% | 0.00% | 14.97% |
Financials
ONTO vs. VST - Financials Comparison
This section allows you to compare key financial metrics between Onto Innovation Inc. and Vistra Corp.. 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. VST - 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%.
VST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vistra Corp. reported a gross profit of 0.00 and revenue of 5.64B. Therefore, the gross margin over that period was 0.0%.
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%.
VST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vistra Corp. reported an operating income of 1.50B and revenue of 5.64B, resulting in an operating margin of 26.6%.
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%.
VST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vistra Corp. reported a net income of 980.00M and revenue of 5.64B, resulting in a net margin of 17.4%.
Frequently Asked Questions
ONTO and VST have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONTO has higher volatility (18.61%) compared to VST (14.60%). In terms of maximum drawdown, ONTO dropped -98.56% vs VST's -53.32%.
ONTO currently has the higher Sharpe Ratio (3.23 vs -0.31), 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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