PCTY vs. NVMI
PCTY (Paylocity Holding Corporation) and NVMI (Nova Ltd) are both stocks. Both are in the Technology sector — PCTY in Software - Application, NVMI in Semiconductor Equipment & Materials. Over the past 10 years, PCTY returned 10.51%/yr vs 47.99%/yr for NVMI. At a 0.31 correlation, their price movements are largely independent.
Performance
PCTY vs. NVMI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCTY achieves a -28.63% return, which is significantly lower than NVMI's 77.55% return. Over the past 10 years, PCTY has underperformed NVMI with an annualized return of 10.51%, while NVMI has yielded a comparatively higher 47.99% annualized return.
PCTY
- 1D
- 0.56%
- 1M
- 4.42%
- YTD
- -28.63%
- 6M
- -27.87%
- 1Y
- -40.19%
- 3Y*
- -17.24%
- 5Y*
- -9.20%
- 10Y*
- 10.51%
NVMI
- 1D
- 4.19%
- 1M
- 15.76%
- YTD
- 77.55%
- 6M
- 84.60%
- 1Y
- 155.07%
- 3Y*
- 70.07%
- 5Y*
- 41.92%
- 10Y*
- 47.99%
PCTY vs. NVMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTY Paylocity Holding Corporation | -28.63% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
NVMI Nova Ltd | 77.55% | 66.74% | 43.35% | 68.21% | -44.25% | 107.51% | 86.62% | 66.07% | -12.08% | 96.88% |
Correlation
The correlation between PCTY and NVMI is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2014 | 0.31 |
The correlation between PCTY and NVMI shifts across timeframes, from -0.15 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PCTY:
$5.99B
NVMI:
$20.08B
PCTY:
$4.64
NVMI:
$7.94
PCTY:
23.46
NVMI:
73.41
PCTY:
0.69
NVMI:
2.55
PCTY:
3.50
NVMI:
21.45
PCTY:
5.07
NVMI:
14.47
PCTY:
$1.73B
NVMI:
$902.53M
PCTY:
$1.20B
NVMI:
$518.59M
PCTY:
$394.81M
NVMI:
$293.89M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCTY vs. NVMI — Risk / Return Rank
PCTY
NVMI
PCTY vs. NVMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paylocity Holding Corporation (PCTY) and Nova Ltd (NVMI). 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.
| PCTY | NVMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.61 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.39 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 7.24 | -8.04 |
| Martin ratioReturn relative to average drawdown | -1.38 | 19.34 | -20.72 |
Loading charts...
Drawdowns
PCTY vs. NVMI - Drawdown Comparison
The maximum PCTY drawdown since its inception was -68.90%, smaller than the maximum NVMI drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for PCTY and NVMI.
Loading charts...
Drawdown Indicators
| PCTY | NVMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -98.22% | +29.32% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -21.56% | -28.48% |
Max Drawdown (3Y)Largest decline over 3 years | -58.08% | -40.79% | -17.29% |
Max Drawdown (5Y)Largest decline over 5 years | -68.90% | -52.76% | -16.14% |
Max Drawdown (10Y)Largest decline over 10 years | -68.90% | -52.76% | -16.14% |
Current DrawdownCurrent decline from peak | -64.40% | 0.00% | -64.40% |
Average DrawdownAverage peak-to-trough decline | -23.48% | -51.75% | +28.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.16% | 8.05% | +21.11% |
Volatility
PCTY vs. NVMI - Volatility Comparison
The current volatility for Paylocity Holding Corporation (PCTY) is 12.71%, while Nova Ltd (NVMI) has a volatility of 24.56%. This indicates that PCTY experiences smaller price fluctuations and is considered to be less risky than NVMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCTY | NVMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 24.56% | -11.85% |
Volatility (6M)Calculated over the trailing 6-month period | 31.99% | 41.88% | -9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.29% | 53.74% | -16.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.69% | 47.49% | -6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.76% | 43.42% | -1.66% |
Dividends
PCTY vs. NVMI - Dividend Comparison
Neither PCTY nor NVMI has paid dividends to shareholders.
Financials
PCTY vs. NVMI - Financials Comparison
This section allows you to compare key financial metrics between Paylocity Holding Corporation and Nova Ltd. 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
PCTY vs. NVMI - Profitability Comparison
PCTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paylocity Holding Corporation reported a gross profit of 363.19M and revenue of 502.29M. Therefore, the gross margin over that period was 72.3%.
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported a gross profit of 135.69M and revenue of 235.31M. Therefore, the gross margin over that period was 57.7%.
PCTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paylocity Holding Corporation reported an operating income of 156.76M and revenue of 502.29M, resulting in an operating margin of 31.2%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported an operating income of 70.84M and revenue of 235.31M, resulting in an operating margin of 30.1%.
PCTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paylocity Holding Corporation reported a net income of 111.25M and revenue of 502.29M, resulting in a net margin of 22.2%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported a net income of 69.26M and revenue of 235.31M, resulting in a net margin of 29.4%.
Frequently Asked Questions
PCTY and NVMI have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVMI has higher volatility (24.56%) compared to PCTY (12.71%). In terms of maximum drawdown, PCTY dropped -68.90% vs NVMI's -98.22%.
NVMI currently has the higher Sharpe Ratio (2.91 vs -1.08), 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.
Find the right allocation for PCTY and NVMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer