NOVT vs HIMS
Comparison between Novanta Inc (NOVT, Company) and Hims & Hers Health Inc - Class A (HIMS, Company).
NOVT is from the Technology sector, while HIMS is from the Healthcare sector.
5-Year PerformanceHIMS has outperformed NOVT, delivering a return of +13.4% compared to +2.3%
NOVT vs HIMS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NOVT vs HIMS - Historical Returns
Returns include dividend reinvestment.
NOVT vs HIMS - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | NOVT | HIMS |
|---|---|---|
| 2026 | +40.62% | -21.64% |
| 2025 | -21.16% | +28.85% |
| 2024 | -7.02% | +150.83% |
| 2023 | +24.91% | +40.82% |
| 2022 | -21.81% | -5.04% |
| 2021 | +49.84% | -58.23% |
| 2020 | +29.17% | +47.47% |
| 2019 | +38.01% | +1.02% |
| 2018 | +24.75% | N/A |
| 2017 | +132.02% | N/A |
| 2016 | +58.85% | N/A |
NOVT vs HIMS 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 HIMS was -87.29%, occurring on May 11, 2022. Recovery took 845 trading sessions.
The current NOVT drawdown is -16.06%. The current HIMS drawdown is -61.91%.
| Rank | NOVT | HIMS |
|---|---|---|
| #1 | -46.71% Jul 16, 2024 - Nov 20, 2025 | -87.29% Feb 8, 2021 - Jun 18, 2024 |
| #2 | -38.60% Nov 4, 2021 - Jun 29, 2023 | -78.88% Feb 19, 2025 - Feb 27, 2026 |
| #3 | -34.98% Jul 17, 2023 - Jul 16, 2024 | -44.94% Jun 18, 2024 - Nov 11, 2024 |
| #4 | -31.80% Feb 13, 2020 - May 20, 2020 | -30.70% Nov 11, 2024 - Nov 25, 2024 |
| #5 | -27.81% Aug 27, 2018 - Feb 22, 2019 | -29.36% Dec 6, 2024 - Jan 31, 2025 |
| #6 | -24.96% Jun 28, 2019 - Jan 13, 2020 | -27.88% Jan 15, 2021 - Jan 29, 2021 |
| #7 | -19.00% Nov 21, 2017 - Jan 16, 2018 | -14.72% Sep 30, 2020 - Dec 7, 2020 |
| #8 | -18.56% Jan 26, 2018 - Apr 17, 2018 | -9.45% Feb 1, 2021 - Feb 4, 2021 |
| #9 | -16.09% Aug 6, 2020 - Oct 9, 2020 | -7.39% Feb 12, 2020 - Jun 24, 2020 |
| #10 | -15.54% Feb 12, 2021 - Aug 11, 2021 | -6.84% Dec 4, 2024 - Dec 6, 2024 |
| #11 | -11.81% Jun 5, 2020 - Aug 6, 2020 | -4.91% Sep 16, 2020 - Sep 28, 2020 |
| #12 | -11.56% Apr 12, 2019 - Jun 18, 2019 | -4.89% Dec 29, 2020 - Jan 4, 2021 |
| #13 | -11.54% Jun 14, 2018 - Jul 20, 2018 | -4.25% Nov 29, 2024 - Dec 4, 2024 |
| #14 | -11.40% Jan 5, 2016 - Mar 4, 2016 | -4.10% Feb 5, 2025 - Feb 7, 2025 |
| #15 | -11.16% Sep 24, 2021 - Oct 22, 2021 | -3.60% Dec 14, 2020 - Dec 22, 2020 |
Correlation
Correlation between NOVT and HIMS is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.
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