APRT vs. NOVT
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and Novanta Inc. (NOVT).
APRT is an actively managed fund by Allianz. It was launched on May 28, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APRT or NOVT.
Correlation
The correlation between APRT and NOVT is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
APRT vs. NOVT - Performance Comparison
Key characteristics
APRT:
1.84
NOVT:
-0.23
APRT:
2.51
NOVT:
-0.11
APRT:
1.37
NOVT:
0.99
APRT:
2.62
NOVT:
-0.37
APRT:
12.09
NOVT:
-0.86
APRT:
1.28%
NOVT:
9.28%
APRT:
8.41%
NOVT:
34.54%
APRT:
-13.91%
NOVT:
-38.60%
APRT:
-1.03%
NOVT:
-21.73%
Returns By Period
In the year-to-date period, APRT achieves a 1.86% return, which is significantly higher than NOVT's -4.60% return.
APRT
1.86%
0.74%
8.57%
15.21%
N/A
N/A
NOVT
-4.60%
-5.82%
-19.43%
-7.31%
9.13%
N/A
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Risk-Adjusted Performance
APRT vs. NOVT — Risk-Adjusted Performance Rank
APRT
NOVT
APRT vs. NOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and Novanta Inc. (NOVT). 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.
Dividends
APRT vs. NOVT - Dividend Comparison
Neither APRT nor NOVT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.67% |
NOVT Novanta Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
APRT vs. NOVT - Drawdown Comparison
The maximum APRT drawdown since its inception was -13.91%, smaller than the maximum NOVT drawdown of -38.60%. Use the drawdown chart below to compare losses from any high point for APRT and NOVT. For additional features, visit the drawdowns tool.
Volatility
APRT vs. NOVT - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) is 2.91%, while Novanta Inc. (NOVT) has a volatility of 5.39%. This indicates that APRT experiences smaller price fluctuations and is considered to be less risky than NOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.