ALK vs NOVT

Comparison between Alaska Air Group Inc (ALK, Company) and Novanta Inc (NOVT, Company).

ALK is from the Industrials sector, while NOVT is from the Technology sector.

5-Year PerformanceNOVT has outperformed ALK, delivering a return of +2.1% compared to -3.3%

ALK vs NOVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ALK(COMPANY)	NOVT(COMPANY)
Market Cap	$5.29B	$5.29B
Max Drawdown	76.50%	46.71%
Sharpe Ratio	0.19	0.46
5Y Beta	1.70	1.62
Industry	Airlines	Scientific & Technical Instruments
P/E Ratio	82.77	98.77
Forward P/E	208.33	8.39
PEG Ratio	1.20	2.11
5Y Dividends CAGR	28.84%	N/A
5Y EPS CAGR	N/A	3.84%
Debt to Equity	136.13%	18.41%
Free Cash Flow Yield	22.88%	1.29%
P/S Ratio	0.37	5.27
P/B Ratio	1.53	4.04

Market Cap

Winner

ALK

$5.29B

NOVT

$5.29B

Max Drawdown

ALK

76.50%

Winner

NOVT

46.71%

Sharpe Ratio

ALK

0.19

Winner

NOVT

0.46

5Y Beta

ALK

1.70

Winner

NOVT

1.62

Industry

ALK

Airlines

NOVT

Scientific & Technical Instruments

P/E Ratio

Winner

ALK

82.77

NOVT

98.77

Forward P/E

ALK

208.33

Winner

NOVT

8.39

PEG Ratio

Winner

ALK

1.20

NOVT

2.11

5Y Dividends CAGR

ALK

28.84%

NOVT

N/A

5Y EPS CAGR

ALK

N/A

NOVT

3.84%

Debt to Equity

ALK

136.13%

Winner

NOVT

18.41%

Free Cash Flow Yield

Winner

ALK

22.88%

NOVT

1.29%

P/S Ratio

Winner

ALK

0.37

NOVT

5.27

P/B Ratio

Winner

ALK

1.53

NOVT

4.04

ALK vs NOVT - Historical Returns

Returns include dividend reinvestment.

Period	ALK	NOVT
1 month	+11.10%	-5.60%
3 months	+25.66%	+22.88%
6 months	+0.32%	+15.82%
1 year	+0.82%	+14.41%
5 years(CAGR)	-3.33%	+2.06%
10 years(CAGR)	-1.07%	+25.57%
Max(CAGR)	+6.75%	+26.13%

Winner

ALK

+11.10%

NOVT

-5.60%

Winner

ALK

+25.66%

NOVT

+22.88%

ALK

+0.32%

Winner

NOVT

+15.82%

ALK

+0.82%

Winner

NOVT

+14.41%

5Y(CAGR)

ALK

-3.33%

Winner

NOVT

+2.06%

10Y(CAGR)

ALK

-1.07%

Winner

NOVT

+25.57%

Max(CAGR)

ALK

+6.75%

Winner

NOVT

+26.13%

ALK vs NOVT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ALK	NOVT
2026	-2.68%	+36.46%
2025	-21.77%	-21.16%
2024	+68.88%	-7.02%
2023	-7.33%	+24.91%
2022	-20.58%	-21.81%
2021	+5.81%	+49.84%
2020	-23.29%	+29.17%
2019	+12.54%	+38.01%
2018	-17.24%	+24.75%
2017	-15.20%	+132.02%
2016	+14.98%	+58.85%
2015	+34.96%	N/A
2014	+65.07%	N/A
2013	+67.95%	N/A
2012	+16.54%	N/A
2011	+29.73%	N/A
2010	+62.58%	N/A
2009	+16.80%	N/A
2008	+23.68%	N/A
2007	-39.01%	N/A
2006	+12.06%	N/A
2005	+8.90%	N/A
2004	+20.47%	N/A
2003	+23.60%	N/A
2002	-25.27%	N/A
2001	-1.56%	N/A
2000	-15.00%	N/A
1999	-9.92%	N/A

ALK vs NOVT Drawdown Comparison

The maximum drawdown for ALK was -75.76%, occurring on Jul 15, 2008. Recovery took 874 trading sessions.

The maximum drawdown for NOVT was -46.71%, occurring on Nov 20, 2025. This drawdown has not yet recovered.

The current ALK drawdown is -46.93%. The current NOVT drawdown is -18.55%.

Rank	ALK	NOVT
#1	-75.76% Oct 23, 2006 - Apr 15, 2010	-46.71% Jul 16, 2024 - Nov 20, 2025
#2	-75.06% Mar 1, 2017 - Mar 20, 2020	-38.60% Nov 4, 2021 - Jun 29, 2023
#3	-65.11% Nov 5, 1999 - Oct 3, 2006	-34.98% Jul 17, 2023 - Jul 16, 2024
#4	-35.01% Dec 7, 2015 - Dec 7, 2016	-31.80% Feb 13, 2020 - May 20, 2020
#5	-26.44% May 12, 2011 - Dec 1, 2011	-27.81% Aug 27, 2018 - Feb 22, 2019
#6	-25.27% May 7, 2013 - Oct 24, 2013	-24.96% Jun 28, 2019 - Jan 13, 2020
#7	-18.87% Jun 17, 2010 - Aug 9, 2010	-19.00% Nov 21, 2017 - Jan 16, 2018
#8	-18.23% Aug 9, 2010 - Nov 4, 2010	-18.56% Jan 26, 2018 - Apr 17, 2018
#9	-17.83% Feb 3, 2012 - Nov 5, 2012	-16.09% Aug 6, 2020 - Oct 9, 2020
#10	-16.67% Jun 2, 2014 - Oct 23, 2014	-15.54% Feb 12, 2021 - Aug 11, 2021
#11	-14.14% Jan 29, 2015 - Jul 13, 2015	-11.81% Jun 5, 2020 - Aug 6, 2020
#12	-12.67% Feb 17, 2011 - Apr 29, 2011	-11.56% Apr 12, 2019 - Jun 18, 2019
#13	-12.32% May 3, 2010 - May 12, 2010	-11.54% Jun 14, 2018 - Jul 20, 2018
#14	-11.46% Mar 28, 2013 - May 6, 2013	-11.40% Jan 5, 2016 - Mar 4, 2016
#15	-10.53% Sep 21, 2015 - Dec 4, 2015	-11.16% Sep 24, 2021 - Oct 22, 2021

Correlation

Correlation between ALK and NOVT is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101