NOVT vs ALK

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

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

5-Year PerformanceNOVT has outperformed ALK, delivering a return of +1.6% compared to -3.8%

NOVT vs ALK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOVT(COMPANY)	ALK(COMPANY)
Market Cap	$5.29B	$5.29B
Max Drawdown	46.71%	76.50%
Sharpe Ratio	0.46	0.07
5Y Beta	1.61	1.68
Industry	Scientific & Technical Instruments	Airlines
P/E Ratio	98.77	82.77
Forward P/E	8.39	208.33
5Y Dividends CAGR	N/A	28.84%
5Y EPS CAGR	3.84%	N/A
Debt to Equity	18.41%	136.13%
Free Cash Flow Yield	1.29%	22.88%

Market Cap

NOVT

$5.29B

Winner

ALK

$5.29B

Max Drawdown

Winner

NOVT

46.71%

ALK

76.50%

Sharpe Ratio

Winner

NOVT

0.46

ALK

0.07

5Y Beta

Winner

NOVT

1.61

ALK

1.68

Industry

NOVT

Scientific & Technical Instruments

ALK

Airlines

P/E Ratio

NOVT

98.77

Winner

ALK

82.77

Forward P/E

Winner

NOVT

8.39

ALK

208.33

5Y Dividends CAGR

NOVT

N/A

ALK

28.84%

5Y EPS CAGR

NOVT

3.84%

ALK

N/A

Debt to Equity

Winner

NOVT

18.41%

ALK

136.13%

Free Cash Flow Yield

NOVT

1.29%

Winner

ALK

22.88%

NOVT vs ALK - Historical Returns

Returns include dividend reinvestment.

Period	NOVT	ALK
1 month	-9.58%	+12.52%
3 months	+21.36%	+19.09%
6 months	+15.45%	-2.16%
1 year	+12.98%	-5.05%
5 years(CAGR)	+1.56%	-3.83%
10 years(CAGR)	+25.33%	-1.59%
Max(CAGR)	+25.89%	+6.54%

NOVT

-9.58%

Winner

ALK

+12.52%

Winner

NOVT

+21.36%

ALK

+19.09%

Winner

NOVT

+15.45%

ALK

-2.16%

Winner

NOVT

+12.98%

ALK

-5.05%

5Y(CAGR)

Winner

NOVT

+1.56%

ALK

-3.83%

10Y(CAGR)

Winner

NOVT

+25.33%

ALK

-1.59%

Max(CAGR)

Winner

NOVT

+25.89%

ALK

+6.54%

NOVT vs ALK - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NOVT	ALK
2026	+33.70%	-7.74%
2025	-21.16%	-21.77%
2024	-7.02%	+68.88%
2023	+24.91%	-7.33%
2022	-21.81%	-20.58%
2021	+49.84%	+5.81%
2020	+29.17%	-23.29%
2019	+38.01%	+12.54%
2018	+24.75%	-17.24%
2017	+132.02%	-15.20%
2016	+58.85%	+14.98%
2015	N/A	+34.96%
2014	N/A	+65.07%
2013	N/A	+67.95%
2012	N/A	+16.54%
2011	N/A	+29.73%
2010	N/A	+62.58%
2009	N/A	+16.80%
2008	N/A	+23.68%
2007	N/A	-39.01%
2006	N/A	+12.06%
2005	N/A	+8.90%
2004	N/A	+20.47%
2003	N/A	+23.60%
2002	N/A	-25.27%
2001	N/A	-1.56%
2000	N/A	-15.00%
1999	N/A	-9.92%

NOVT vs ALK Drawdown Comparison

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

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

The current NOVT drawdown is -20.20%. The current ALK drawdown is -49.70%.

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

Correlation

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

-0.64

-101