SPXC vs. ONTO
SPXC (SPX Corporation) and ONTO (Onto Innovation Inc.) are both stocks. SPXC operates in Specialty Industrial Machinery (Industrials), while ONTO operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, SPXC returned 31.53%/yr vs 33.01%/yr for ONTO. At a 0.27 correlation, their price movements are largely independent.
Performance
SPXC vs. ONTO - Performance Comparison
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Returns By Period
In the year-to-date period, SPXC achieves a 14.99% return, which is significantly lower than ONTO's 105.17% return. Both investments have delivered pretty close results over the past 10 years, with SPXC having a 31.53% annualized return and ONTO not far ahead at 33.01%.
SPXC
- 1D
- -1.47%
- 1M
- 12.89%
- YTD
- 14.99%
- 6M
- 4.60%
- 1Y
- 44.90%
- 3Y*
- 39.38%
- 5Y*
- 31.04%
- 10Y*
- 31.53%
ONTO
- 1D
- 6.70%
- 1M
- 16.94%
- YTD
- 105.17%
- 6M
- 107.14%
- 1Y
- 223.88%
- 3Y*
- 42.57%
- 5Y*
- 33.99%
- 10Y*
- 33.01%
SPXC vs. ONTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 14.99% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
ONTO Onto Innovation Inc. | 105.17% | -5.29% | 9.01% | 124.56% | -32.74% | 112.89% | 30.13% | 33.70% | 9.67% | -0.56% |
Correlation
The correlation between SPXC and ONTO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 1992 | 0.27 |
The correlation between SPXC and ONTO shifts across timeframes, from 0.27 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPXC:
$11.62B
ONTO:
$16.20B
SPXC:
$5.19
ONTO:
$2.15
SPXC:
44.34
ONTO:
150.40
SPXC:
0.01
ONTO:
13.49
SPXC:
4.78
ONTO:
15.53
SPXC:
5.09
ONTO:
7.60
SPXC:
$2.35B
ONTO:
$1.03B
SPXC:
$909.30M
ONTO:
$502.93M
SPXC:
$475.30M
ONTO:
$177.93M
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Return for Risk
SPXC vs. ONTO — Risk / Return Rank
SPXC
ONTO
SPXC vs. ONTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) 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.
| SPXC | ONTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 11.14 | -9.19 |
| Martin ratioReturn relative to average drawdown | 4.99 | 30.28 | -25.30 |
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Drawdowns
SPXC vs. ONTO - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, smaller than the maximum ONTO drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for SPXC and ONTO.
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Drawdown Indicators
| SPXC | ONTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -98.56% | +17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -20.24% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -62.82% | +29.28% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -62.82% | +24.50% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -62.82% | +12.56% |
Current DrawdownCurrent decline from peak | -5.34% | 0.00% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -29.01% | -54.69% | +25.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.04% | 7.45% | +1.59% |
Volatility
SPXC vs. ONTO - Volatility Comparison
The current volatility for SPX Corporation (SPXC) is 11.30%, while Onto Innovation Inc. (ONTO) has a volatility of 22.52%. This indicates that SPXC 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
| SPXC | ONTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.30% | 22.52% | -11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 44.08% | -16.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.72% | 57.63% | -20.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.14% | 55.75% | -20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 51.41% | -13.95% |
Dividends
SPXC vs. ONTO - Dividend Comparison
Neither SPXC nor ONTO has paid dividends to shareholders.
| 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% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
Financials
SPXC vs. ONTO - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation 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
SPXC vs. ONTO - Profitability Comparison
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
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%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
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%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
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%.
Frequently Asked Questions
SPXC and ONTO have a correlation of 0.42, 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 SPXC (11.30%). In terms of maximum drawdown, SPXC dropped -81.12% vs ONTO's -98.56%.
ONTO currently has the higher Sharpe Ratio (3.91 vs 1.23), 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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