NOVT vs. RBC
NOVT (Novanta Inc.) and RBC (RBC Bearings Incorporated) are both stocks. NOVT operates in Scientific & Technical Instruments (Technology), while RBC operates in Tools & Accessories (Industrials). Over the past 10 years, NOVT returned 24.80%/yr vs 22.72%/yr for RBC. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
NOVT vs. RBC - Performance Comparison
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Returns By Period
In the year-to-date period, NOVT achieves a 19.80% return, which is significantly lower than RBC's 22.94% return. Over the past 10 years, NOVT has outperformed RBC with an annualized return of 24.80%, while RBC has yielded a comparatively lower 22.72% 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%
RBC
- 1D
- -1.88%
- 1M
- -8.81%
- 6M
- 10.33%
- YTD
- 22.94%
- 1Y
- 37.90%
- 3Y*
- 34.55%
- 5Y*
- 19.58%
- 10Y*
- 22.72%
- ALL TIME*
- 19.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NOVT Novanta Inc. | $55.79M | $69.32M | $81.33M |
| $140.09M | $133.36M | $157.79M |
NOVT vs. RBC - 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% |
RBC RBC Bearings Incorporated | 22.94% | 49.91% | 5.00% | 36.08% | 4.19% | 17.32% | 14.10% | 21.72% | 3.72% | 36.19% |
Correlation
The correlation between NOVT and RBC is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.46 |
Fundamentals
NOVT:
$5.08B
RBC:
$17.44B
NOVT:
$1.39
RBC:
$10.13
NOVT:
102.50
RBC:
54.45
NOVT:
28.58
RBC:
0.77
NOVT:
5.48
RBC:
8.93
NOVT:
4.48
RBC:
5.05
NOVT:
$1.00B
RBC:
$1.95B
NOVT:
$444.51M
RBC:
$882.80M
NOVT:
$150.84M
RBC:
$554.90M
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Return for Risk
NOVT vs. RBC — Risk / Return Rank
NOVT
RBC
NOVT vs. RBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and RBC Bearings Incorporated (RBC). 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 | RBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.80 | -2.21 |
| Martin ratioReturn relative to average drawdown | 1.33 | 8.23 | -6.90 |
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Drawdowns
NOVT vs. RBC - Drawdown Comparison
The maximum NOVT drawdown since its inception was -46.71%, smaller than the maximum RBC drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for NOVT and RBC.
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Drawdown Indicators
| NOVT | RBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -71.79% | +25.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -15.20% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -17.81% | -28.90% |
Max Drawdown (5Y)Largest decline over 5 years | -46.71% | -35.26% | -11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -55.06% | +8.35% |
Current DrawdownCurrent decline from peak | -23.44% | -15.04% | -8.40% |
Average DrawdownAverage peak-to-trough decline | -12.38% | -12.69% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 5.16% | +6.81% |
Volatility
NOVT vs. RBC - Volatility Comparison
Novanta Inc. (NOVT) has a higher volatility of 14.23% compared to RBC Bearings Incorporated (RBC) at 7.76%. This indicates that NOVT's price experiences larger fluctuations and is considered to be riskier than RBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVT | RBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.23% | 7.76% | +6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 34.25% | 21.57% | +12.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.29% | 27.30% | +23.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.60% | 30.74% | +9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.23% | 37.68% | +1.55% |
Dividends
NOVT vs. RBC - Dividend Comparison
Neither NOVT nor RBC has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NOVT Novanta Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RBC RBC Bearings Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.49% | 4.10% | 0.67% | 0.75% |
Financials
NOVT vs. RBC - Financials Comparison
This section allows you to compare key financial metrics between Novanta Inc. and RBC Bearings Incorporated. 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. RBC - 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%.
RBC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, RBC Bearings Incorporated reported a gross profit of 247.80M and revenue of 519.50M. Therefore, the gross margin over that period was 47.7%.
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%.
RBC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, RBC Bearings Incorporated reported an operating income of 140.80M and revenue of 519.50M, resulting in an operating margin of 27.1%.
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%.
RBC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, RBC Bearings Incorporated reported a net income of 101.50M and revenue of 519.50M, resulting in a net margin of 19.5%.
Frequently Asked Questions
NOVT and RBC have a correlation of 0.46, 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 RBC (7.76%). In terms of maximum drawdown, NOVT dropped -46.71% vs RBC's -71.79%.
RBC currently has the higher Sharpe Ratio (1.56 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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