LYFT vs NOVT
Comparison between Lyft Inc Cls A (LYFT, Company) and Novanta Inc (NOVT, Company).
Both LYFT and NOVT are from the Technology sector.
5-Year PerformanceNOVT has outperformed LYFT, delivering a return of +1.3% compared to -23.5%
LYFT vs NOVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
LYFT vs NOVT - Historical Returns
Returns include dividend reinvestment.
LYFT vs NOVT - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | LYFT | NOVT |
|---|---|---|
| 2026 | -21.98% | +33.03% |
| 2025 | +41.90% | -21.16% |
| 2024 | -6.52% | -7.02% |
| 2023 | +34.80% | +24.91% |
| 2022 | -75.29% | -21.81% |
| 2021 | -9.62% | +49.84% |
| 2020 | +12.74% | +29.17% |
| 2019 | -45.05% | +38.01% |
| 2018 | N/A | +24.75% |
| 2017 | N/A | +132.02% |
| 2016 | N/A | +58.85% |
LYFT vs NOVT Drawdown Comparison
The maximum drawdown for LYFT was -89.79%, occurring on May 24, 2023. This drawdown has not yet recovered.
The maximum drawdown for NOVT was -46.71%, occurring on Nov 20, 2025. This drawdown has not yet recovered.
The current LYFT drawdown is -80.28%. The current NOVT drawdown is -20.60%.
| Rank | LYFT | NOVT |
|---|---|---|
| #1 | -89.79% Mar 29, 2019 - May 24, 2023 | -46.71% Jul 16, 2024 - Nov 20, 2025 |
| #2 | N/A | -38.60% Nov 4, 2021 - Jun 29, 2023 |
| #3 | N/A | -34.98% Jul 17, 2023 - Jul 16, 2024 |
| #4 | N/A | -31.80% Feb 13, 2020 - May 20, 2020 |
| #5 | N/A | -27.81% Aug 27, 2018 - Feb 22, 2019 |
| #6 | N/A | -24.96% Jun 28, 2019 - Jan 13, 2020 |
| #7 | N/A | -19.00% Nov 21, 2017 - Jan 16, 2018 |
| #8 | N/A | -18.56% Jan 26, 2018 - Apr 17, 2018 |
| #9 | N/A | -16.09% Aug 6, 2020 - Oct 9, 2020 |
| #10 | N/A | -15.54% Feb 12, 2021 - Aug 11, 2021 |
| #11 | N/A | -11.81% Jun 5, 2020 - Aug 6, 2020 |
| #12 | N/A | -11.56% Apr 12, 2019 - Jun 18, 2019 |
| #13 | N/A | -11.54% Jun 14, 2018 - Jul 20, 2018 |
| #14 | N/A | -11.40% Jan 5, 2016 - Mar 4, 2016 |
| #15 | N/A | -11.16% Sep 24, 2021 - Oct 22, 2021 |
Correlation
Correlation between LYFT and NOVT is -0.50 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
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