ONTO vs TME
Comparison between Onto Innovation Inc (ONTO, Company) and Tencent Music Entertainment Group (TME, Company).
ONTO is from the Technology sector, while TME is from the Communication Services sector.
5-Year PerformanceONTO has outperformed TME, delivering a return of +35.3% compared to -10.2%
ONTO vs TME - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ONTO vs TME - Historical Returns
Returns include dividend reinvestment.
ONTO vs TME - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ONTO | TME |
|---|---|---|
| 2026 | +63.85% | -51.33% |
| 2025 | -7.91% | +56.81% |
| 2024 | +15.28% | +31.24% |
| 2023 | +124.39% | +4.77% |
| 2022 | -34.28% | +20.88% |
| 2021 | +111.91% | -64.64% |
| 2020 | +28.41% | +53.18% |
| 2019 | +32.82% | -9.69% |
| 2018 | +8.24% | -5.57% |
| 2017 | -0.12% | N/A |
| 2016 | +70.59% | N/A |
| 2015 | -7.34% | N/A |
| 2014 | -7.43% | N/A |
| 2013 | +25.08% | N/A |
| 2012 | -19.62% | N/A |
| 2011 | +44.13% | N/A |
| 2010 | +14.86% | N/A |
| 2009 | +828.69% | N/A |
| 2008 | -88.52% | N/A |
| 2007 | +18.94% | N/A |
| 2006 | -29.37% | N/A |
| 2005 | -27.30% | N/A |
| 2004 | +7.46% | N/A |
| 2003 | +265.92% | N/A |
| 2002 | -78.50% | N/A |
| 2001 | +39.77% | N/A |
| 2000 | -30.08% | N/A |
| 1999 | +70.45% | N/A |
ONTO vs TME Drawdown Comparison
The maximum drawdown for ONTO was -98.56%, occurring on Dec 4, 2008. Recovery took 5134 trading sessions.
The maximum drawdown for TME was -90.19%, occurring on Mar 14, 2022. This drawdown has not yet recovered.
The current ONTO drawdown is -11.72%. The current TME drawdown is -72.05%.
| Rank | ONTO | TME |
|---|---|---|
| #1 | -98.56% Sep 5, 2000 - Feb 2, 2021 | -90.19% Mar 23, 2021 - Mar 14, 2022 |
| #2 | -62.82% Jul 16, 2024 - Apr 8, 2026 | -50.55% Mar 18, 2019 - Dec 30, 2020 |
| #3 | -58.57% Feb 22, 2000 - Sep 1, 2000 | -14.29% Dec 12, 2018 - Jan 18, 2019 |
| #4 | -44.28% Jan 14, 2022 - May 26, 2023 | -12.38% Jan 24, 2019 - Feb 12, 2019 |
| #5 | -30.90% Dec 9, 1999 - Jan 24, 2000 | -12.12% Feb 16, 2021 - Mar 18, 2021 |
| #6 | -22.29% Oct 12, 2023 - Dec 11, 2023 | -8.79% Feb 2, 2021 - Feb 16, 2021 |
| #7 | -20.65% Apr 5, 2021 - May 28, 2021 | -8.69% Feb 25, 2019 - Mar 18, 2019 |
| #8 | -16.07% Jan 25, 2000 - Feb 3, 2000 | -4.83% Feb 14, 2019 - Feb 19, 2019 |
| #9 | -15.95% Feb 19, 2021 - Mar 17, 2021 | -3.16% Jan 19, 2021 - Jan 22, 2021 |
| #10 | -15.77% Aug 9, 2021 - Sep 7, 2021 | -2.24% Jan 25, 2021 - Feb 2, 2021 |
| #11 | -15.06% Jun 11, 2021 - Aug 6, 2021 | -1.67% Jan 6, 2021 - Jan 8, 2021 |
| #12 | -13.84% Mar 7, 2024 - May 3, 2024 | -1.63% Feb 20, 2019 - Feb 22, 2019 |
| #13 | -13.09% Dec 14, 2023 - Jan 19, 2024 | -1.44% Jan 12, 2021 - Jan 14, 2021 |
| #14 | -12.14% Aug 31, 2023 - Oct 10, 2023 | -0.87% Feb 12, 2019 - Feb 14, 2019 |
| #15 | -11.78% Sep 14, 2021 - Nov 1, 2021 | -0.33% Jan 8, 2021 - Jan 12, 2021 |
Correlation
Correlation between ONTO and TME is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.
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