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NOVT correlations (Novanta Inc.)

Which assets move with NOVT and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

42.1%

3y weekly

Beta vs S&P 500

1.79

3y weekly

1-year return

+23.0%

price, adjusted

5-year return

-4.1%

price, adjusted

Market cap

$5.5B

latest

P/E ratio

91.6

trailing

Max drawdown

-46.7%

3y, daily closes

NOVT over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NOVT

Asset		Correlation (3Y)
IWM	iShares Russell 2000 ETF	0.69
RMT	Royce Micro-Cap Trust, Inc.	0.69
MDY	SPDR S&P MidCap 400 ETF	0.69
RSP	Invesco S&P 500 Equal Weight ETF	0.67
ASG	Liberty All-Star Growth Fund, Inc.	0.67

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from NOVT.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.50
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.48
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.44

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/novt.json

Correlations, diversifiers, beta and volatility for NOVT, plus one endpoint per pair. API documentation.

ETF		NOVT weight
IWM	iShares Russell 2000 ETF	0.16%
MDY	SPDR S&P MidCap 400 ETF	0.14%