RBC vs. NOVT
RBC (RBC Bearings Incorporated) and NOVT (Novanta Inc.) are both stocks. RBC operates in Tools & Accessories (Industrials), while NOVT operates in Scientific & Technical Instruments (Technology). Over the past 10 years, RBC returned 23.49%/yr vs 26.43%/yr for NOVT. At a 0.46 correlation, their price movements are largely independent.
Performance
RBC vs. NOVT - Performance Comparison
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Returns By Period
In the year-to-date period, RBC achieves a 30.27% return, which is significantly lower than NOVT's 40.30% return. Over the past 10 years, RBC has underperformed NOVT with an annualized return of 23.49%, while NOVT has yielded a comparatively higher 26.43% annualized return.
RBC
- 1D
- 1.01%
- 1M
- -1.51%
- YTD
- 30.27%
- 6M
- 33.33%
- 1Y
- 56.02%
- 3Y*
- 41.03%
- 5Y*
- 25.00%
- 10Y*
- 23.49%
NOVT
- 1D
- -0.98%
- 1M
- 32.41%
- YTD
- 40.30%
- 6M
- 46.08%
- 1Y
- 32.77%
- 3Y*
- -0.56%
- 5Y*
- 3.69%
- 10Y*
- 26.43%
RBC vs. NOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBC RBC Bearings Incorporated | 30.27% | 49.91% | 5.00% | 36.08% | 4.19% | 17.32% | 14.10% | 21.72% | 3.72% | 36.19% |
NOVT Novanta Inc. | 40.30% | -22.11% | -9.29% | 23.95% | -22.95% | 49.15% | 33.67% | 40.38% | 26.00% | 138.10% |
Correlation
The correlation between RBC and NOVT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.46 |
Fundamentals
RBC:
$18.52B
NOVT:
$6.87B
RBC:
$9.09
NOVT:
$1.41
RBC:
64.23
NOVT:
118.05
RBC:
0.91
NOVT:
32.92
RBC:
9.87
NOVT:
6.31
RBC:
5.51
NOVT:
5.24
RBC:
$1.87B
NOVT:
$1.00B
RBC:
$830.20M
NOVT:
$444.51M
RBC:
$510.20M
NOVT:
$150.84M
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Return for Risk
RBC vs. NOVT — Risk / Return Rank
RBC
NOVT
RBC vs. NOVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Bearings Incorporated (RBC) and Novanta Inc. (NOVT). 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.
| RBC | NOVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.16 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 1.22 | +3.65 |
| Martin ratioReturn relative to average drawdown | 13.33 | 2.56 | +10.77 |
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
| RBC | NOVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 0.68 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.09 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.68 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.72 | -0.20 |
Drawdowns
RBC vs. NOVT - Drawdown Comparison
The maximum RBC drawdown since its inception was -71.79%, which is greater than NOVT's maximum drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for RBC and NOVT.
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Drawdown Indicators
| RBC | NOVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.79% | -46.71% | -25.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -26.97% | +15.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.81% | -46.71% | +28.90% |
Max Drawdown (5Y)Largest decline over 5 years | -35.26% | -46.71% | +11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | -46.71% | -8.35% |
Current DrawdownCurrent decline from peak | -6.26% | -10.34% | +4.08% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -12.28% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 12.85% | -8.63% |
Volatility
RBC vs. NOVT - Volatility Comparison
The current volatility for RBC Bearings Incorporated (RBC) is 11.23%, while Novanta Inc. (NOVT) has a volatility of 16.19%. This indicates that RBC experiences smaller price fluctuations and is considered to be less risky than NOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBC | NOVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.23% | 16.19% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 19.71% | 32.92% | -13.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.59% | 48.77% | -23.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.50% | 40.00% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.61% | 38.89% | -1.28% |
Dividends
RBC vs. NOVT - Dividend Comparison
Neither RBC nor NOVT 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
RBC vs. NOVT - Financials Comparison
This section allows you to compare key financial metrics between RBC Bearings Incorporated and Novanta 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
RBC vs. NOVT - Profitability Comparison
RBC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, RBC Bearings Incorporated reported a gross profit of 251.00M and revenue of 518.00M. Therefore, the gross margin over that period was 48.5%.
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%.
RBC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, RBC Bearings Incorporated reported an operating income of 116.60M and revenue of 518.00M, resulting in an operating margin of 22.5%.
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%.
RBC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, RBC Bearings Incorporated reported a net income of 91.70M and revenue of 518.00M, resulting in a net margin of 17.7%.
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%.
Frequently Asked Questions
RBC and NOVT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOVT has higher volatility (16.19%) compared to RBC (11.23%). In terms of maximum drawdown, RBC dropped -71.79% vs NOVT's -46.71%.
RBC currently has the higher Sharpe Ratio (2.20 vs 0.68), 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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