NOVT vs. DUOL
NOVT (Novanta Inc.) and DUOL (Duolingo, Inc.) are both stocks. Both are in the Technology sector — NOVT in Scientific & Technical Instruments, DUOL in Software - Application. Over the past 3 years, NOVT returned 0.30%/yr vs -12.26%/yr for DUOL. At a 0.30 correlation, their price movements are largely independent.
Performance
NOVT vs. DUOL - Performance Comparison
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Returns By Period
In the year-to-date period, NOVT achieves a 38.75% return, which is significantly higher than DUOL's -37.81% return.
NOVT
- 1D
- -1.10%
- 1M
- 24.80%
- YTD
- 38.75%
- 6M
- 40.61%
- 1Y
- 30.36%
- 3Y*
- 0.30%
- 5Y*
- 3.46%
- 10Y*
- 26.29%
DUOL
- 1D
- 1.63%
- 1M
- 4.92%
- YTD
- -37.81%
- 6M
- -42.06%
- 1Y
- -78.96%
- 3Y*
- -12.26%
- 5Y*
- —
- 10Y*
- —
NOVT vs. DUOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NOVT Novanta Inc. | 38.75% | -22.11% | -9.29% | 23.95% | -22.95% | 29.47% |
DUOL Duolingo, Inc. | -37.81% | -45.87% | 42.93% | 218.92% | -32.97% | -23.67% |
Correlation
The correlation between NOVT and DUOL is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2021 | 0.30 |
Over the past year, the correlation between NOVT and DUOL has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
NOVT:
$1.41
DUOL:
$11.67
NOVT:
116.75
DUOL:
9.35
NOVT:
32.56
DUOL:
0.02
NOVT:
6.24
DUOL:
3.60
NOVT:
$1.00B
DUOL:
$1.10B
NOVT:
$444.51M
DUOL:
$798.46M
NOVT:
$150.84M
DUOL:
$167.30M
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Return for Risk
NOVT vs. DUOL — Risk / Return Rank
NOVT
DUOL
NOVT vs. DUOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and Duolingo, Inc. (DUOL). 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 | DUOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.68 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.96 | +2.09 |
| Martin ratioReturn relative to average drawdown | 2.37 | -1.29 | +3.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOVT | DUOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | -1.27 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | -0.07 | +0.79 |
Drawdowns
NOVT vs. DUOL - Drawdown Comparison
The maximum NOVT drawdown since its inception was -46.71%, smaller than the maximum DUOL drawdown of -83.35%. Use the drawdown chart below to compare losses from any high point for NOVT and DUOL.
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Drawdown Indicators
| NOVT | DUOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -83.35% | +36.64% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -82.79% | +55.82% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -83.35% | +36.64% |
Max Drawdown (5Y)Largest decline over 5 years | -46.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | — | — |
Current DrawdownCurrent decline from peak | -11.33% | -79.81% | +68.48% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -35.58% | +23.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.85% | 61.01% | -48.16% |
Volatility
NOVT vs. DUOL - Volatility Comparison
Novanta Inc. (NOVT) and Duolingo, Inc. (DUOL) have volatilities of 15.93% and 16.66%, 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 | DUOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.93% | 16.66% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 32.94% | 41.05% | -8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.69% | 62.36% | -13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 66.27% | -26.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.89% | 66.27% | -27.38% |
Dividends
NOVT vs. DUOL - Dividend Comparison
Neither NOVT nor DUOL has paid dividends to shareholders.
Financials
NOVT vs. DUOL - Financials Comparison
This section allows you to compare key financial metrics between Novanta Inc. and Duolingo, 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. DUOL - 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%.
DUOL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Duolingo, Inc. reported a gross profit of 213.10M and revenue of 291.97M. Therefore, the gross margin over that period was 73.0%.
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%.
DUOL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Duolingo, Inc. reported an operating income of 44.53M and revenue of 291.97M, resulting in an operating margin of 15.3%.
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%.
DUOL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Duolingo, Inc. reported a net income of 43.46M and revenue of 291.97M, resulting in a net margin of 14.9%.
Frequently Asked Questions
NOVT and DUOL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUOL has higher volatility (16.66%) compared to NOVT (15.93%). In terms of maximum drawdown, NOVT dropped -46.71% vs DUOL's -83.35%.
NOVT currently has the higher Sharpe Ratio (0.63 vs -1.27), 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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