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 22.75%/yr vs 24.78%/yr for NOVT. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
RBC vs. NOVT - Performance Comparison
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Returns By Period
In the year-to-date period, RBC achieves a 27.17% return, which is significantly higher than NOVT's 24.67% return. Over the past 10 years, RBC has underperformed NOVT with an annualized return of 22.75%, while NOVT has yielded a comparatively higher 24.78% annualized return.
RBC
- 1D
- 3.44%
- 1M
- -5.67%
- 6M
- 12.45%
- YTD
- 27.17%
- 1Y
- 42.64%
- 3Y*
- 37.21%
- 5Y*
- 20.89%
- 10Y*
- 22.75%
- ALL TIME*
- 19.54%
NOVT
- 1D
- 4.06%
- 1M
- -8.27%
- 6M
- 10.44%
- YTD
- 24.67%
- 1Y
- 23.51%
- 3Y*
- -5.07%
- 5Y*
- 1.85%
- 10Y*
- 24.78%
- ALL TIME*
- 25.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NOVT Novanta Inc. | $55.59M | $65.50M | $81.85M |
| $145.03M | $134.12M | $159.53M |
RBC vs. NOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBC RBC Bearings Incorporated | 27.17% | 49.91% | 5.00% | 36.08% | 4.19% | 17.32% | 14.10% | 21.72% | 3.72% | 36.19% |
NOVT Novanta Inc. | 24.67% | -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 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
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. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.46 |
Fundamentals
RBC:
$18.04B
NOVT:
$5.28B
RBC:
$10.13
NOVT:
$1.39
RBC:
56.32
NOVT:
106.66
RBC:
0.79
NOVT:
29.74
RBC:
9.24
NOVT:
5.70
RBC:
5.22
NOVT:
4.66
RBC:
$1.95B
NOVT:
$1.00B
RBC:
$882.80M
NOVT:
$444.51M
RBC:
$554.90M
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.
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.
| RBC | NOVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 0.88 | +1.94 |
| Martin ratioReturn relative to average drawdown | 8.20 | 1.97 | +6.23 |
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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 | -15.20% | -26.97% | +11.77% |
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 | -12.12% | -20.33% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -12.38% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 11.99% | -6.77% |
Volatility
RBC vs. NOVT - Volatility Comparison
The current volatility for RBC Bearings Incorporated (RBC) is 8.39%, while Novanta Inc. (NOVT) has a volatility of 14.95%. 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 | 8.39% | 14.95% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 21.68% | 34.20% | -12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 51.49% | -24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.76% | 40.65% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 39.26% | -1.57% |
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 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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
RBC and NOVT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOVT has higher volatility (14.95%) compared to RBC (8.39%). In terms of maximum drawdown, RBC dropped -71.79% vs NOVT's -46.71%.
RBC currently has the higher Sharpe Ratio (1.57 vs 0.46), 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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