VECO vs. UCTT
VECO (Veeco Instruments Inc.) and UCTT (Ultra Clean Holdings, Inc.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 10 years, VECO returned 10.41%/yr vs 29.65%/yr for UCTT. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
VECO vs. UCTT - Performance Comparison
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Returns By Period
In the year-to-date period, VECO achieves a 74.95% return, which is significantly lower than UCTT's 228.90% return. Over the past 10 years, VECO has underperformed UCTT with an annualized return of 10.41%, while UCTT has yielded a comparatively higher 29.65% annualized return.
VECO
- 1D
- 3.37%
- 1M
- -13.03%
- 6M
- 60.10%
- YTD
- 74.95%
- 1Y
- 144.62%
- 3Y*
- 20.33%
- 5Y*
- 16.60%
- 10Y*
- 10.41%
- ALL TIME*
- 4.75%
UCTT
- 1D
- 0.10%
- 1M
- -21.76%
- 6M
- 90.73%
- YTD
- 228.90%
- 1Y
- 273.59%
- 3Y*
- 31.07%
- 5Y*
- 9.05%
- 10Y*
- 29.65%
- ALL TIME*
- 11.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $116.82M | $144.23M | $132.60M | |
| $42.95M | $56.85M | $96.83M |
VECO vs. UCTT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECO Veeco Instruments Inc. | 74.95% | 6.64% | -13.63% | 67.01% | -34.74% | 64.00% | 18.22% | 98.18% | -50.10% | -49.06% |
UCTT Ultra Clean Holdings, Inc. | 228.90% | -29.54% | 5.30% | 2.99% | -42.21% | 84.14% | 32.72% | 177.10% | -63.32% | 138.04% |
Correlation
The correlation between VECO and UCTT is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2004 | 0.48 |
The correlation between VECO and UCTT shifts across timeframes, from 0.48 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VECO:
$3.05B
UCTT:
$3.73B
VECO:
$0.38
UCTT:
-$4.28
VECO:
4.63
UCTT:
1.83
VECO:
3.42
UCTT:
6.01
VECO:
$655.34M
UCTT:
$2.07B
VECO:
$252.77M
UCTT:
$323.40M
VECO:
$48.45M
UCTT:
-$53.90M
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Return for Risk
VECO vs. UCTT — Risk / Return Rank
VECO
UCTT
VECO vs. UCTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeco Instruments Inc. (VECO) and Ultra Clean Holdings, Inc. (UCTT). 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.
| VECO | UCTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 5.31 | -2.38 |
| Martin ratioReturn relative to average drawdown | 10.78 | 19.41 | -8.63 |
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Drawdowns
VECO vs. UCTT - Drawdown Comparison
The maximum VECO drawdown since its inception was -96.68%, roughly equal to the maximum UCTT drawdown of -95.20%. Use the drawdown chart below to compare losses from any high point for VECO and UCTT.
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Drawdown Indicators
| VECO | UCTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.68% | -95.20% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -48.23% | -51.21% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -64.20% | -68.24% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -64.20% | -70.43% | +6.23% |
Max Drawdown (10Y)Largest decline over 10 years | -80.96% | -79.34% | -1.62% |
Current DrawdownCurrent decline from peak | -56.71% | -41.57% | -15.14% |
Average DrawdownAverage peak-to-trough decline | -70.39% | -46.18% | -24.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.09% | 13.98% | -0.89% |
Volatility
VECO vs. UCTT - Volatility Comparison
The current volatility for Veeco Instruments Inc. (VECO) is 30.18%, while Ultra Clean Holdings, Inc. (UCTT) has a volatility of 42.56%. This indicates that VECO experiences smaller price fluctuations and is considered to be less risky than UCTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECO | UCTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.18% | 42.56% | -12.38% |
Volatility (6M)Calculated over the trailing 6-month period | 58.95% | 73.11% | -14.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.01% | 84.82% | -16.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.80% | 62.59% | -14.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.45% | 61.07% | -8.62% |
Dividends
VECO vs. UCTT - Dividend Comparison
Neither VECO nor UCTT has paid dividends to shareholders.
Financials
VECO vs. UCTT - Financials Comparison
This section allows you to compare key financial metrics between Veeco Instruments Inc. and Ultra Clean Holdings, 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
VECO vs. UCTT - Profitability Comparison
VECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Veeco Instruments Inc. reported a gross profit of 55.83M and revenue of 158.34M. Therefore, the gross margin over that period was 35.3%.
UCTT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
VECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Veeco Instruments Inc. reported an operating income of -2.66M and revenue of 158.34M, resulting in an operating margin of -1.7%.
UCTT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
VECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Veeco Instruments Inc. reported a net income of -324.00K and revenue of 158.34M, resulting in a net margin of -0.2%.
UCTT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
Frequently Asked Questions
VECO and UCTT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCTT has higher volatility (42.56%) compared to VECO (30.18%). In terms of maximum drawdown, VECO dropped -96.68% vs UCTT's -95.20%.
UCTT currently has the higher Sharpe Ratio (3.21 vs 2.09), 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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