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NOVT vs SPY

Comparison between Novanta Inc (NOVT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed NOVT, delivering a return of +13.0% compared to +1.3%

NOVT vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
NOVT
$5.83B
Winner
SPY
$784B
Expense Ratio
NOVT
N/A
SPY
0.09%
Max Drawdown
Winner
NOVT
46.71%
SPY
56.47%
Sharpe Ratio
NOVT
0.61
Winner
SPY
1.38
5Y Beta
NOVT
1.60
Winner
SPY
1.00
Industry
NOVT
Scientific & Technical Instruments
SPY
N/A
P/E Ratio
NOVT
108.81
Winner
SPY
28.73
Forward P/E
Winner
NOVT
8.39
SPY
21.52
PEG Ratio
NOVT
2.11
SPY
N/A
5Y Dividends CAGR
NOVT
N/A
SPY
6.00%
5Y EPS CAGR
NOVT
3.84%
Winner
SPY
25.26%
Debt to Equity
Winner
NOVT
18.41%
SPY
31.36%
Free Cash Flow Yield
NOVT
1.18%
SPY
N/A
P/S Ratio
NOVT
5.80
Winner
SPY
3.82
P/B Ratio
Winner
NOVT
4.45
SPY
5.66

NOVT vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
NOVT
-10.03%
Winner
SPY
+1.41%
3M
Winner
NOVT
+28.25%
SPY
+13.71%
6M
Winner
NOVT
+18.97%
SPY
+9.01%
1Y
NOVT
+14.79%
Winner
SPY
+21.80%
5Y(CAGR)
NOVT
+1.30%
Winner
SPY
+12.99%
10Y(CAGR)
Winner
NOVT
+25.61%
SPY
+15.41%
Max(CAGR)
Winner
NOVT
+25.84%
SPY
+8.51%

NOVT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearNOVTSPY
2026+33.03%+10.03%
2025-21.16%+18.00%
2024-7.02%+25.59%
2023+24.91%+26.72%
2022-21.81%-18.64%
2021+49.84%+30.52%
2020+29.17%+17.28%
2019+38.01%+31.09%
2018+24.75%-5.24%
2017+132.02%+20.78%
2016+58.85%+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

NOVT vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NOVT drawdown is -20.60%. The current SPY drawdown is -1.31%.

RankNOVTSPY
#1-46.71%
Jul 16, 2024 - Nov 20, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-38.60%
Nov 4, 2021 - Jun 29, 2023		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-34.98%
Jul 17, 2023 - Jul 16, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-31.80%
Feb 13, 2020 - May 20, 2020		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-27.81%
Aug 27, 2018 - Feb 22, 2019		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-24.96%
Jun 28, 2019 - Jan 13, 2020		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-19.00%
Nov 21, 2017 - Jan 16, 2018		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-18.56%
Jan 26, 2018 - Apr 17, 2018		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-16.09%
Aug 6, 2020 - Oct 9, 2020		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-15.54%
Feb 12, 2021 - Aug 11, 2021		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-11.81%
Jun 5, 2020 - Aug 6, 2020		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-11.56%
Apr 12, 2019 - Jun 18, 2019		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-11.54%
Jun 14, 2018 - Jul 20, 2018		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-11.40%
Jan 5, 2016 - Mar 4, 2016		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-11.16%
Sep 24, 2021 - Oct 22, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NOVT and SPY is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76
-101

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