NOVT vs VICR: Correlation
Novanta Inc. (NOVT) and Vicor Corporation (VICR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOVT and VICR?
Over the past 3 years, NOVT and VICR moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1511.0 %².
Among the 17 assets we track against NOVT, VICR ranks #9 by 3-year correlation. The last year tells two different stories: VICR led by 273.8 percentage points, +23.0% for NOVT against +296.8% for VICR. Risk is not evenly split, since VICR carries 1.7 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NOVT vs VICR: side by side
| NOVT (Novanta Inc.) | VICR (Vicor Corporation) | |
|---|---|---|
| 1-year return | +23.0% | +296.8% |
| 5-year return | -4.1% | +65.8% |
| Volatility (ann.) | 42.1% | 71.1% |
| Beta vs S&P 500 | 1.79 | 2.00 |
| Max drawdown (3Y) | -46.7% | -53.9% |
| Market cap | $5.5B | $9.4B |
| P/E (trailing) | 91.6 | 65.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NOVT | VICR |
|---|---|---|
| 2022 | -22.9% | -57.7% |
| 2023 | +23.9% | -16.4% |
| 2024 | -9.3% | +7.5% |
| 2025 | -22.1% | +126.8% |
| 2026 | +21.6% | +85.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOVT and VICR good diversifiers for each other?
Only partially. A correlation of 0.50 means NOVT and VICR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NOVT and VICR?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.53 over the last year and 0.45 over 5 years.
Is VICR a good diversifier for NOVT?
Only partially. A correlation of 0.50 means NOVT and VICR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NOVT correlations · VICR correlations
