UCTT vs. NOW

Last updated Jun 5, 2026

UCTT (Ultra Clean Holdings, Inc.) and NOW (ServiceNow, Inc) are both stocks. Both are in the Technology sector — UCTT in Semiconductor Equipment & Materials, NOW in Software - Application. Over the past 10 years, UCTT returned 31.81%/yr vs 23.04%/yr for NOW. At a 0.33 correlation, their price movements are largely independent.

Performance

UCTT vs. NOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ultra Clean Holdings, Inc. (UCTT) and ServiceNow, Inc (NOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCTT achieves a 269.88% return, which is significantly higher than NOW's -22.08% return. Over the past 10 years, UCTT has outperformed NOW with an annualized return of 31.81%, while NOW has yielded a comparatively lower 23.04% annualized return.

UCTT

• 1D: 1.23%
• 1M: 12.69%
• YTD: 269.88%
• 6M: 255.83%
• 1Y: 345.29%
• 3Y*: 41.03%
• 5Y*: 10.18%
• 10Y*: 31.81%

NOW

• 1D: 1.24%
• 1M: 29.73%
• YTD: -22.08%
• 6M: -28.86%
• 1Y: -41.07%
• 3Y*: 2.34%
• 5Y*: 5.32%
• 10Y*: 23.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UCTT vs. NOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UCTT Ultra Clean Holdings, Inc.	269.88%	-29.54%	5.30%	2.99%	-42.21%	84.14%	32.72%	177.10%	-63.32%	138.04%
NOW ServiceNow, Inc	-22.08%	-27.75%	50.05%	81.96%	-40.18%	17.93%	94.97%	58.56%	36.55%	75.40%

Correlation

The correlation between UCTT and NOW is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012	0.33

The correlation between UCTT and NOW shifts across timeframes, from -0.10 (1 year) to 0.35 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UCTT : $4.24B NOW : $124.13B
EPS UCTT : -$4.28 NOW : $1.68
PS Ratio UCTT : 2.05 NOW : 8.94
PB Ratio UCTT : 6.76 NOW : 9.14
Total Revenue (TTM) UCTT : $2.07B NOW : $13.96B
Gross Profit (TTM) UCTT : $323.40M NOW : $10.69B
EBITDA (TTM) UCTT : -$53.90M NOW : $2.80B

Return for Risk

UCTT vs. NOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCTT

UCTT Risk / Return Rank: 97
UCTT Sharpe Ratio Rank: 99
UCTT Sortino Ratio Rank: 95
UCTT Omega Ratio Rank: 94
UCTT Calmar Ratio Rank: 98
UCTT Martin Ratio Rank: 98

NOW

NOW Risk / Return Rank: 12
NOW Sharpe Ratio Rank: 8
NOW Sortino Ratio Rank: 10
NOW Omega Ratio Rank: 10
NOW Calmar Ratio Rank: 17
NOW Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UCTT vs. NOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ultra Clean Holdings, Inc. (UCTT) and ServiceNow, Inc (NOW). 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.

	UCTT	NOW	Difference
Sharpe ratio: Return per unit of total volatility	5.06	-0.83	+5.90
Sortino ratio: Return per unit of downside risk	4.22	-1.09	+5.31
Omega ratio: Gain probability vs. loss probability	1.52	0.86	+0.67
Calmar ratio: Return relative to maximum drawdown	11.70	-0.68	+12.38
Martin ratio: Return relative to average drawdown	33.02	-1.24	+34.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCTT vs. NOW - Sharpe Ratio Comparison

The current UCTT Sharpe Ratio is 5.06, which is higher than the NOW Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of UCTT and NOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UCTT	NOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.06	-0.83	+5.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.12	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.57	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.62	-0.42

Drawdowns

UCTT vs. NOW - Drawdown Comparison

The maximum UCTT drawdown since its inception was -95.20%, which is greater than NOW's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for UCTT and NOW.

Drawdown Indicators

	UCTT	NOW	Difference
Max Drawdown Largest peak-to-trough decline	-95.20%	-64.54%	-30.66%
Max Drawdown (1Y) Largest decline over 1 year	-29.74%	-60.28%	+30.54%
Max Drawdown (3Y) Largest decline over 3 years	-68.24%	-64.54%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	-70.43%	-64.54%	-5.89%
Max Drawdown (10Y) Largest decline over 10 years	-79.34%	-64.54%	-14.80%
Current Drawdown Current decline from peak	0.00%	-49.01%	+49.01%
Average Drawdown Average peak-to-trough decline	-46.37%	-13.72%	-32.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.52%	33.19%	-22.67%

Volatility

UCTT vs. NOW - Volatility Comparison

The current volatility for Ultra Clean Holdings, Inc. (UCTT) is 19.42%, while ServiceNow, Inc (NOW) has a volatility of 24.40%. This indicates that UCTT experiences smaller price fluctuations and is considered to be less risky than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCTT	NOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.42%	24.40%	-4.98%
Volatility (6M) Calculated over the trailing 6-month period	54.76%	46.23%	+8.53%
Volatility (1Y) Calculated over the trailing 1-year period	68.74%	49.37%	+19.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.42%	43.33%	+15.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.75%	40.77%	+17.98%

Dividends

UCTT vs. NOW - Dividend Comparison

Neither UCTT nor NOW has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

UCTT vs. NOW - Profitability Comparison

The chart below illustrates the profitability comparison between Ultra Clean Holdings, Inc. and ServiceNow, Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

UCTT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ultra Clean Holdings, Inc. reported a gross profit of 84.40M and revenue of 533.70M. Therefore, the gross margin over that period was 15.8%.

NOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.

UCTT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ultra Clean Holdings, Inc. reported an operating income of 11.40M and revenue of 533.70M, resulting in an operating margin of 2.1%.

NOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.

UCTT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ultra Clean Holdings, Inc. reported a net income of -17.90M and revenue of 533.70M, resulting in a net margin of -3.4%.

NOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.

Frequently Asked Questions

Can I hold both UCTT and NOW in my portfolio?

UCTT and NOW have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCTT or NOW?

NOW has higher volatility (24.40%) compared to UCTT (19.42%). In terms of maximum drawdown, UCTT dropped -95.20% vs NOW's -64.54%.

Which has better risk-adjusted returns?

UCTT currently has the higher Sharpe Ratio (5.06 vs -0.83), 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.