NOVT vs. APH
NOVT (Novanta Inc.) and APH (Amphenol Corporation) are both stocks. Both are in the Technology sector — NOVT in Scientific & Technical Instruments, APH in Electronic Components. Over the past 10 years, NOVT returned 24.80%/yr vs 28.28%/yr for APH. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
NOVT vs. APH - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NOVT having a 19.80% return and APH slightly lower at 19.33%. Over the past 10 years, NOVT has underperformed APH with an annualized return of 24.80%, while APH has yielded a comparatively higher 28.28% annualized return.
NOVT
- 1D
- 2.62%
- 1M
- -11.85%
- 6M
- 5.95%
- YTD
- 19.80%
- 1Y
- 18.69%
- 3Y*
- -6.85%
- 5Y*
- 0.30%
- 10Y*
- 24.80%
- ALL TIME*
- 25.08%
APH
- 1D
- 0.55%
- 1M
- -2.36%
- 6M
- 11.92%
- YTD
- 19.33%
- 1Y
- 55.11%
- 3Y*
- 54.89%
- 5Y*
- 35.99%
- 10Y*
- 28.28%
- ALL TIME*
- 22.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19B | $1.10B | $1.42B | |
NOVT Novanta Inc. | $55.79M | $69.32M | $81.33M |
NOVT vs. APH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOVT Novanta Inc. | 19.80% | -22.11% | -9.29% | 23.95% | -22.95% | 49.15% | 33.67% | 40.38% | 26.00% | 138.10% |
APH Amphenol Corporation | 19.33% | 96.08% | 41.30% | 31.85% | -11.96% | 35.25% | 22.09% | 34.91% | -6.82% | 31.81% |
Correlation
The correlation between NOVT and APH is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.53 |
Over the past year, the correlation between NOVT and APH has dropped to 0.31 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
Fundamentals
NOVT:
$5.08B
APH:
$197.70B
NOVT:
$1.39
APH:
$4.00
NOVT:
102.50
APH:
40.15
NOVT:
28.58
APH:
1.34
NOVT:
5.48
APH:
7.13
NOVT:
4.48
APH:
13.38
NOVT:
$1.00B
APH:
$29.01B
NOVT:
$444.51M
APH:
$11.17B
NOVT:
$150.84M
APH:
$9.37B
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Return for Risk
NOVT vs. APH — Risk / Return Rank
NOVT
APH
NOVT vs. APH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and Amphenol Corporation (APH). 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.
| NOVT | APH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.85 | -1.26 |
| Martin ratioReturn relative to average drawdown | 1.33 | 4.55 | -3.22 |
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Drawdowns
NOVT vs. APH - Drawdown Comparison
The maximum NOVT drawdown since its inception was -46.71%, smaller than the maximum APH drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for NOVT and APH.
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Drawdown Indicators
| NOVT | APH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -63.41% | +16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -28.19% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -28.19% | -18.52% |
Max Drawdown (5Y)Largest decline over 5 years | -46.71% | -28.73% | -17.98% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -37.56% | -9.15% |
Current DrawdownCurrent decline from peak | -23.44% | -8.86% | -14.58% |
Average DrawdownAverage peak-to-trough decline | -12.38% | -13.54% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 11.44% | +0.53% |
Volatility
NOVT vs. APH - Volatility Comparison
Novanta Inc. (NOVT) and Amphenol Corporation (APH) have volatilities of 14.23% and 13.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVT | APH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.23% | 13.69% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 34.25% | 35.63% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.29% | 44.23% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.60% | 31.52% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.23% | 28.33% | +10.90% |
Dividends
NOVT vs. APH - Dividend Comparison
NOVT has not paid dividends to shareholders, while APH's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APH Amphenol Corporation | 0.57% | 0.55% | 0.79% | 1.07% | 1.06% | 0.89% | 0.80% | 0.89% | 1.09% | 0.80% | 0.86% | 1.01% |
NOVT Novanta Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NOVT vs. APH - Financials Comparison
This section allows you to compare key financial metrics between Novanta Inc. and Amphenol Corporation. 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
NOVT vs. APH - Profitability Comparison
NOVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Novanta Inc. reported a gross profit of 113.58M and revenue of 257.71M. Therefore, the gross margin over that period was 44.1%.
APH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Amphenol Corporation reported a gross profit of 3.55B and revenue of 8.76B. Therefore, the gross margin over that period was 40.5%.
NOVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Novanta Inc. reported an operating income of 27.54M and revenue of 257.71M, resulting in an operating margin of 10.7%.
APH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Amphenol Corporation reported an operating income of 2.58B and revenue of 8.76B, resulting in an operating margin of 29.5%.
NOVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Novanta Inc. reported a net income of 21.10M and revenue of 257.71M, resulting in a net margin of 8.2%.
APH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Amphenol Corporation reported a net income of 1.77B and revenue of 8.76B, resulting in a net margin of 20.2%.
Frequently Asked Questions
NOVT and APH have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOVT has higher volatility (14.23%) compared to APH (13.69%). In terms of maximum drawdown, NOVT dropped -46.71% vs APH's -63.41%.
APH currently has the higher Sharpe Ratio (1.18 vs 0.31), 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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