SAIA vs. ONTO
Compare and contrast key facts about Saia, Inc. (SAIA) and Onto Innovation Inc. (ONTO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAIA or ONTO.
Correlation
The correlation between SAIA and ONTO 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
SAIA vs. ONTO - Performance Comparison
Key characteristics
SAIA:
0.16
ONTO:
0.28
SAIA:
0.58
ONTO:
0.74
SAIA:
1.09
ONTO:
1.10
SAIA:
0.21
ONTO:
0.45
SAIA:
0.38
ONTO:
1.00
SAIA:
22.34%
ONTO:
15.06%
SAIA:
51.45%
ONTO:
53.79%
SAIA:
-80.35%
ONTO:
-98.56%
SAIA:
-21.87%
ONTO:
-29.74%
Fundamentals
SAIA:
$14.17B
ONTO:
$8.51B
SAIA:
$14.00
ONTO:
$3.70
SAIA:
38.06
ONTO:
46.55
SAIA:
2.64
ONTO:
0.86
SAIA:
$3.17B
ONTO:
$942.24M
SAIA:
$534.10M
ONTO:
$466.13M
SAIA:
$698.46M
ONTO:
$242.12M
Returns By Period
In the year-to-date period, SAIA achieves a 8.03% return, which is significantly lower than ONTO's 9.39% return. Over the past 10 years, SAIA has underperformed ONTO with an annualized return of 24.13%, while ONTO has yielded a comparatively higher 26.05% annualized return.
SAIA
8.03%
-10.68%
2.78%
5.04%
39.04%
24.13%
ONTO
9.39%
3.30%
-22.71%
8.46%
35.84%
26.05%
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Risk-Adjusted Performance
SAIA vs. ONTO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Saia, Inc. (SAIA) and Onto Innovation Inc. (ONTO). 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
SAIA vs. ONTO - Dividend Comparison
Neither SAIA nor ONTO has paid dividends to shareholders.
Drawdowns
SAIA vs. ONTO - Drawdown Comparison
The maximum SAIA drawdown since its inception was -80.35%, smaller than the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for SAIA and ONTO. For additional features, visit the drawdowns tool.
Volatility
SAIA vs. ONTO - Volatility Comparison
Saia, Inc. (SAIA) has a higher volatility of 10.45% compared to Onto Innovation Inc. (ONTO) at 8.96%. This indicates that SAIA's price experiences larger fluctuations and is considered to be riskier than ONTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
SAIA vs. ONTO - Financials Comparison
This section allows you to compare key financial metrics between Saia, Inc. and Onto Innovation 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