NOVT vs. APRT
Compare and contrast key facts about Novanta Inc. (NOVT) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT).
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: NOVT or APRT.
Correlation
The correlation between NOVT and APRT 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
NOVT vs. APRT - Performance Comparison
Key characteristics
NOVT:
-0.21
APRT:
1.84
NOVT:
-0.08
APRT:
2.50
NOVT:
0.99
APRT:
1.37
NOVT:
-0.34
APRT:
2.62
NOVT:
-0.76
APRT:
12.08
NOVT:
9.61%
APRT:
1.28%
NOVT:
34.10%
APRT:
8.40%
NOVT:
-38.60%
APRT:
-13.91%
NOVT:
-19.62%
APRT:
-0.62%
Returns By Period
In the year-to-date period, NOVT achieves a -2.04% return, which is significantly lower than APRT's 2.28% return.
NOVT
-2.04%
-2.04%
-8.01%
-4.92%
10.55%
N/A
APRT
2.28%
2.28%
10.77%
15.58%
N/A
N/A
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Risk-Adjusted Performance
NOVT vs. APRT — Risk-Adjusted Performance Rank
NOVT
APRT
NOVT vs. APRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). 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
NOVT vs. APRT - Dividend Comparison
Neither NOVT nor APRT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
NOVT Novanta Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.67% |
Drawdowns
NOVT vs. APRT - Drawdown Comparison
The maximum NOVT drawdown since its inception was -38.60%, which is greater than APRT's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for NOVT and APRT. For additional features, visit the drawdowns tool.
Volatility
NOVT vs. APRT - Volatility Comparison
Novanta Inc. (NOVT) has a higher volatility of 5.35% compared to AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) at 2.79%. This indicates that NOVT's price experiences larger fluctuations and is considered to be riskier than APRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.