NOVT vs. APRT

Last updated Jun 3, 2026

NOVT (Novanta Inc.) is a stock, while APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) is Options Trading fund actively managed by Allianz. Over the past 5 years, NOVT returned 4.32%/yr vs 10.81%/yr for APRT. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

NOVT vs. APRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Novanta Inc. (NOVT) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOVT achieves a 41.68% return, which is significantly higher than APRT's 10.11% return.

NOVT

• 1D: 3.14%
• 1M: 31.84%
• YTD: 41.68%
• 6M: 49.83%
• 1Y: 38.28%
• 3Y*: -0.23%
• 5Y*: 4.32%
• 10Y*: 26.55%

APRT

• 1D: 0.03%
• 1M: 2.00%
• YTD: 10.11%
• 6M: 11.19%
• 1Y: 19.71%
• 3Y*: 14.50%
• 5Y*: 10.81%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOVT vs. APRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NOVT Novanta Inc.	41.68%	-22.11%	-9.29%	23.95%	-22.95%	49.15%	13.28%
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	10.11%	7.99%	15.15%	22.13%	-6.41%	11.89%	9.09%

Correlation

The correlation between NOVT and APRT 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	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 2, 2020	0.61

The correlation between NOVT and APRT shifts across timeframes, from 0.48 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NOVT vs. APRT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOVT

NOVT Risk / Return Rank: 64
NOVT Sharpe Ratio Rank: 66
NOVT Sortino Ratio Rank: 61
NOVT Omega Ratio Rank: 61
NOVT Calmar Ratio Rank: 66
NOVT Martin Ratio Rank: 65

APRT

APRT Risk / Return Rank: 97
APRT Sharpe Ratio Rank: 95
APRT Sortino Ratio Rank: 98
APRT Omega Ratio Rank: 98
APRT Calmar Ratio Rank: 97
APRT Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOVT vs. APRT - Risk-Adjusted Trends 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.

	NOVT	APRT	Difference
Sharpe ratio Return per unit of total volatility	0.79	3.95	-3.16
Sortino ratio Return per unit of downside risk	1.36	6.98	-5.62
Omega ratio Gain probability vs. loss probability	1.18	2.01	-0.84
Calmar ratio Return relative to maximum drawdown	1.34	12.50	-11.16
Martin ratio Return relative to average drawdown	2.81	68.27	-65.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOVT vs. APRT - Sharpe Ratio Comparison

The current NOVT Sharpe Ratio is 0.79, which is lower than the APRT Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of NOVT and APRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NOVT	APRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	3.95	-3.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	1.01	-0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.11	-0.39

Drawdowns

NOVT vs. APRT - Drawdown Comparison

The maximum NOVT drawdown since its inception was -46.71%, which is greater than APRT's maximum drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for NOVT and APRT.

Drawdown Indicators

	NOVT	APRT	Difference
Max Drawdown Largest peak-to-trough decline	-46.71%	-14.98%	-31.73%
Max Drawdown (1Y) Largest decline over 1 year	-26.97%	-1.59%	-25.38%
Max Drawdown (3Y) Largest decline over 3 years	-46.71%	-14.98%	-31.73%
Max Drawdown (5Y) Largest decline over 5 years	-46.71%	-14.98%	-31.73%
Max Drawdown (10Y) Largest decline over 10 years	-46.71%	—	—
Current Drawdown Current decline from peak	-9.46%	0.00%	-9.46%
Average Drawdown Average peak-to-trough decline	-12.28%	-2.05%	-10.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.85%	0.29%	+12.56%

Volatility

NOVT vs. APRT - Volatility Comparison

Novanta Inc. (NOVT) has a higher volatility of 16.26% compared to AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) at 1.03%. 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.

Volatility by Period

	NOVT	APRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.26%	1.03%	+15.23%
Volatility (6M) Calculated over the trailing 6-month period	32.97%	3.98%	+28.99%
Volatility (1Y) Calculated over the trailing 1-year period	48.78%	5.01%	+43.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.00%	10.78%	+29.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.90%	10.29%	+28.61%

Dividends

NOVT vs. APRT - Dividend Comparison

Neither NOVT nor APRT 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

Can I hold both NOVT and APRT in my portfolio?

NOVT and APRT 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.

Which is riskier, NOVT or APRT?

NOVT has higher volatility (16.26%) compared to APRT (1.03%). In terms of maximum drawdown, NOVT dropped -46.71% vs APRT's -14.98%.

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.95 vs 0.79), 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.