SAIA vs. ONTO
SAIA (Saia, Inc.) and ONTO (Onto Innovation Inc.) are both stocks. SAIA operates in Trucking (Industrials), while ONTO operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, SAIA returned 28.28%/yr vs 29.21%/yr for ONTO. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
SAIA vs. ONTO - Performance Comparison
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Returns By Period
In the year-to-date period, SAIA achieves a 6.47% return, which is significantly lower than ONTO's 63.80% return. Both investments have delivered pretty close results over the past 10 years, with SAIA having a 28.28% annualized return and ONTO not far ahead at 29.21%.
SAIA
- 1D
- -0.86%
- 1M
- -16.57%
- 6M
- 3.81%
- YTD
- 6.47%
- 1Y
- 18.61%
- 3Y*
- -6.52%
- 5Y*
- 8.99%
- 10Y*
- 28.28%
- ALL TIME*
- 16.18%
ONTO
- 1D
- 3.22%
- 1M
- -15.93%
- 6M
- 27.98%
- YTD
- 63.80%
- 1Y
- 174.21%
- 3Y*
- 28.03%
- 5Y*
- 29.84%
- 10Y*
- 29.21%
- ALL TIME*
- 15.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $295.69M | $343.45M | $385.27M | |
SAIA Saia, Inc. | $206.79M | $192.75M | $185.37M |
SAIA vs. ONTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAIA Saia, Inc. | 6.47% | -28.35% | 4.00% | 108.99% | -37.79% | 86.41% | 94.16% | 66.82% | -21.10% | 60.25% |
ONTO Onto Innovation Inc. | 63.80% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
Correlation
The correlation between SAIA and ONTO is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2002 | 0.32 |
The correlation between SAIA and ONTO shifts across timeframes, from 0.31 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SAIA:
$9.27B
ONTO:
$12.86B
SAIA:
$10.37
ONTO:
$2.15
SAIA:
33.52
ONTO:
120.40
SAIA:
12.09
ONTO:
10.80
SAIA:
2.75
ONTO:
12.43
SAIA:
3.42
ONTO:
6.06
SAIA:
$3.39B
ONTO:
$1.03B
SAIA:
$1.37B
ONTO:
$502.93M
SAIA:
$632.34M
ONTO:
$177.93M
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Return for Risk
SAIA vs. ONTO — Risk / Return Rank
SAIA
ONTO
SAIA vs. ONTO - Risk-Adjusted Trends 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.
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.
| SAIA | ONTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 4.11 | -3.59 |
| Martin ratioReturn relative to average drawdown | 1.53 | 16.72 | -15.20 |
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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.
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Drawdown Indicators
| SAIA | ONTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.35% | -98.56% | +18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -28.64% | -42.31% | +13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -60.94% | -62.82% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -60.94% | -62.82% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -60.94% | -62.82% | +1.88% |
Current DrawdownCurrent decline from peak | -42.63% | -31.67% | -10.96% |
Average DrawdownAverage peak-to-trough decline | -28.96% | -54.55% | +25.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.87% | 10.38% | -0.51% |
Volatility
SAIA vs. ONTO - Volatility Comparison
The current volatility for Saia, Inc. (SAIA) is 14.55%, while Onto Innovation Inc. (ONTO) has a volatility of 30.94%. This indicates that SAIA experiences smaller price fluctuations and is considered to be less risky than ONTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAIA | ONTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.55% | 30.94% | -16.39% |
Volatility (6M)Calculated over the trailing 6-month period | 37.05% | 55.48% | -18.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.48% | 67.42% | -18.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.63% | 57.93% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.73% | 52.49% | -6.76% |
Dividends
SAIA vs. ONTO - Dividend Comparison
Neither SAIA nor ONTO has paid dividends to shareholders.
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
SAIA vs. ONTO - Profitability Comparison
SAIA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Saia, Inc. reported a gross profit of 871.51M and revenue of 956.49M. Therefore, the gross margin over that period was 91.1%.
ONTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
SAIA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Saia, Inc. reported an operating income of 125.21M and revenue of 956.49M, resulting in an operating margin of 13.1%.
ONTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported an operating income of 33.51M and revenue of 291.95M, resulting in an operating margin of 11.5%.
SAIA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Saia, Inc. reported a net income of 94.26M and revenue of 956.49M, resulting in a net margin of 9.9%.
ONTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Onto Innovation Inc. reported a net income of 33.75M and revenue of 291.95M, resulting in a net margin of 11.6%.
Frequently Asked Questions
SAIA and ONTO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONTO has higher volatility (30.94%) compared to SAIA (14.55%). In terms of maximum drawdown, SAIA dropped -80.35% vs ONTO's -98.56%.
ONTO currently has the higher Sharpe Ratio (2.60 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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