APRT vs. NOVT
APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) is Options Trading fund actively managed by Allianz, while NOVT (Novanta Inc.) is a stock. Over the past 5 years, APRT returned 10.50%/yr vs 3.95%/yr for NOVT. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
APRT vs. NOVT - Performance Comparison
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Returns By Period
In the year-to-date period, APRT achieves a 9.83% return, which is significantly lower than NOVT's 30.82% return.
APRT
- 1D
- -0.11%
- 1M
- 0.44%
- YTD
- 9.83%
- 6M
- 9.98%
- 1Y
- 18.87%
- 3Y*
- 13.89%
- 5Y*
- 10.50%
- 10Y*
- —
NOVT
- 1D
- 0.23%
- 1M
- -2.53%
- YTD
- 30.82%
- 6M
- 29.46%
- 1Y
- 29.11%
- 3Y*
- -2.65%
- 5Y*
- 3.95%
- 10Y*
- 25.89%
APRT vs. NOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF | 9.83% | 7.99% | 15.15% | 22.13% | -6.41% | 11.89% | 9.46% |
NOVT Novanta Inc. | 30.82% | -22.11% | -9.29% | 23.95% | -22.95% | 49.15% | 15.10% |
Correlation
The correlation between APRT and NOVT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.61 |
The correlation between APRT and NOVT shifts across timeframes, from 0.48 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
APRT vs. NOVT — Risk / Return Rank
APRT
NOVT
APRT vs. NOVT - Risk-Adjusted Trends 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.
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.
| APRT | NOVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.12 | ||
| Sortino ratioReturn per unit of downside risk | +5.24 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.15 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 11.91 | 1.08 | +10.82 |
| Martin ratioReturn relative to average drawdown | 58.04 | 2.26 | +55.78 |
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Drawdowns
APRT vs. NOVT - Drawdown Comparison
The maximum APRT drawdown since its inception was -14.98%, smaller than the maximum NOVT drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for APRT and NOVT.
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Drawdown Indicators
| APRT | NOVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -46.71% | +31.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -26.97% | +25.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -46.71% | +31.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.98% | -46.71% | +31.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.71% | — |
Current DrawdownCurrent decline from peak | -0.26% | -16.40% | +16.14% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -12.30% | +10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 12.90% | -12.57% |
Volatility
APRT vs. NOVT - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) is 1.73%, while Novanta Inc. (NOVT) has a volatility of 12.82%. 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.
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Volatility by Period
| APRT | NOVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 12.82% | -11.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 34.45% | -30.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 49.78% | -44.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 40.19% | -29.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.27% | 39.05% | -28.78% |
Dividends
APRT vs. NOVT - Dividend Comparison
Neither APRT nor NOVT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF | 0.00% | 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% | 0.00% |
Frequently Asked Questions
APRT and NOVT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOVT has higher volatility (12.82%) compared to APRT (1.73%). In terms of maximum drawdown, APRT dropped -14.98% vs NOVT's -46.71%.
APRT currently has the higher Sharpe Ratio (3.71 vs 0.59), 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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