NOVT vs. BKNG
NOVT (Novanta Inc.) and BKNG (Booking Holdings Inc.) are both stocks. NOVT operates in Scientific & Technical Instruments (Technology), while BKNG operates in Travel Services (Consumer Cyclical). Over the past 10 years, NOVT returned 25.54%/yr vs 13.35%/yr for BKNG. At a 0.38 correlation, their price movements are largely independent.
Performance
NOVT vs. BKNG - Performance Comparison
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Returns By Period
In the year-to-date period, NOVT achieves a 27.19% return, which is significantly higher than BKNG's -20.76% return. Over the past 10 years, NOVT has outperformed BKNG with an annualized return of 25.54%, while BKNG has yielded a comparatively lower 13.35% annualized return.
NOVT
- 1D
- -2.78%
- 1M
- -5.23%
- YTD
- 27.19%
- 6M
- 23.68%
- 1Y
- 23.31%
- 3Y*
- -3.56%
- 5Y*
- 2.99%
- 10Y*
- 25.54%
BKNG
- 1D
- 0.70%
- 1M
- 5.16%
- YTD
- -20.76%
- 6M
- -21.98%
- 1Y
- -20.14%
- 3Y*
- 18.02%
- 5Y*
- 13.94%
- 10Y*
- 13.35%
NOVT vs. BKNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOVT Novanta Inc. | 27.19% | -22.11% | -9.29% | 23.95% | -22.95% | 49.15% | 33.67% | 40.38% | 26.00% | 138.10% |
BKNG Booking Holdings Inc. | -20.76% | 8.59% | 41.31% | 76.02% | -16.00% | 7.72% | 8.45% | 19.24% | -0.88% | 18.53% |
Correlation
The correlation between NOVT and BKNG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.38 |
The correlation between NOVT and BKNG shifts across timeframes, from 0.21 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NOVT:
$6.23B
BKNG:
$134.14B
NOVT:
$1.41
BKNG:
$7.60
NOVT:
107.02
BKNG:
22.23
NOVT:
29.84
BKNG:
0.33
NOVT:
5.72
BKNG:
4.94
NOVT:
$1.00B
BKNG:
$27.69B
NOVT:
$444.51M
BKNG:
$22.16B
NOVT:
$150.84M
BKNG:
$9.27B
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Return for Risk
NOVT vs. BKNG — Risk / Return Rank
NOVT
BKNG
NOVT vs. BKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and Booking Holdings Inc. (BKNG). 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 | BKNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.91 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | -0.61 | +1.47 |
| Martin ratioReturn relative to average drawdown | 1.81 | -1.12 | +2.93 |
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Drawdowns
NOVT vs. BKNG - Drawdown Comparison
The maximum NOVT drawdown since its inception was -46.71%, smaller than the maximum BKNG drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for NOVT and BKNG.
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Drawdown Indicators
| NOVT | BKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -99.32% | +52.61% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -33.35% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -33.35% | -13.36% |
Max Drawdown (5Y)Largest decline over 5 years | -46.71% | -39.53% | -7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -47.77% | +1.06% |
Current DrawdownCurrent decline from peak | -18.72% | -26.77% | +8.05% |
Average DrawdownAverage peak-to-trough decline | -12.30% | -47.03% | +34.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 17.97% | -5.06% |
Volatility
NOVT vs. BKNG - Volatility Comparison
Novanta Inc. (NOVT) has a higher volatility of 13.11% compared to Booking Holdings Inc. (BKNG) at 9.15%. This indicates that NOVT's price experiences larger fluctuations and is considered to be riskier than BKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVT | BKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.11% | 9.15% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 34.56% | 27.45% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.77% | 32.48% | +17.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.21% | 32.40% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.05% | 32.32% | +6.73% |
Dividends
NOVT vs. BKNG - Dividend Comparison
NOVT has not paid dividends to shareholders, while BKNG's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BKNG Booking Holdings Inc. | 0.95% | 0.72% | 0.70% |
NOVT Novanta Inc. | 0.00% | 0.00% | 0.00% |
Financials
NOVT vs. BKNG - Financials Comparison
This section allows you to compare key financial metrics between Novanta Inc. and Booking Holdings Inc.. 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. BKNG - Profitability Comparison
NOVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BKNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Booking Holdings Inc. reported a gross profit of 0.00 and revenue of 5.53B. Therefore, the gross margin over that period was 0.0%.
NOVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novanta Inc. reported an operating income of 27.54M and revenue of 257.71M, resulting in an operating margin of 10.7%.
BKNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Booking Holdings Inc. reported an operating income of 1.27B and revenue of 5.53B, resulting in an operating margin of 23.0%.
NOVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novanta Inc. reported a net income of 21.10M and revenue of 257.71M, resulting in a net margin of 8.2%.
BKNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Booking Holdings Inc. reported a net income of 1.08B and revenue of 5.53B, resulting in a net margin of 19.6%.
Frequently Asked Questions
NOVT and BKNG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOVT has higher volatility (13.11%) compared to BKNG (9.15%). In terms of maximum drawdown, NOVT dropped -46.71% vs BKNG's -99.32%.
NOVT currently has the higher Sharpe Ratio (0.47 vs -0.62), 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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