NOVT

Novanta

Information Technology›Electronic Equipment, Instruments & Components›Electronic Equipment & Instruments

15 stocks · 12 ETFs

data as of Aug 24, 2026

REPLACEMENT RESEARCH

Tax-loss harvesting alternatives for NOVT

Among the 15 Electronic Equipment & Instruments peers screened, ZBRA (Zebra Technologies) has tracked NOVT most closely over the past year, with a return correlation of 0.45. The strongest fund stand-in is QQQ (Invesco QQQ Trust) at 0.47 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

Run this search live in the Screener →

STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
ZBRA	Zebra Technologies	Electronic Equipment & Instruments	0.45	0.56	0.55	0.52
TDY	Teledyne Technologies	Electronic Equipment & Instruments	0.44	0.49	0.51	0.48
MIR	Mirion Technologies, Inc.	Electronic Equipment & Instruments	0.39	0.41	0.42	—
RAL	Ralliant Corp	Electronic Equipment & Instruments	0.37	—	—	—
VNT	Vontier	Electronic Equipment & Instruments	0.37	0.50	0.50	—
CGNX	Cognex	Electronic Equipment & Instruments	0.36	0.48	0.51	0.51
PI	Impinj, Inc.	Electronic Equipment & Instruments	0.36	0.40	0.42	0.35
KEYS	Keysight Technologies	Electronic Equipment & Instruments	0.35	0.51	0.54	0.54
CXT	Crane NXT	Electronic Equipment & Instruments	0.34	0.48	0.45	0.46
OSIS	OSI Systems, Inc.	Electronic Equipment & Instruments	0.30	0.41	0.42	0.40
ITRI	Itron, Inc.	Electronic Equipment & Instruments	0.28	0.39	0.42	0.40
DBD	Diebold Nixdorf	Electronic Equipment & Instruments	0.23	0.33	0.32	—
NSSC	Napco Security Technologies	Electronic Equipment & Instruments	0.20	0.28	0.27	0.28
BMI	Badger Meter, Inc.	Electronic Equipment & Instruments	0.17	0.31	0.39	0.43
ROP	Roper Technologies	Electronic Equipment & Instruments	0.01	0.22	0.33	0.38

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
QQQ	Invesco QQQ Trust	Nasdaq 100	BROAD	0.47	0.54	0.60	0.60
QQQM	Invesco Nasdaq 100 ETF	Nasdaq 100	BROAD	0.47	0.54	0.60	—
VGT	Vanguard Info Tech ETF	Tech Sector	SECTOR	0.45	0.53	0.60	0.61
FTEC	Fidelity MSCI Info Tech ETF	Tech Sector	SECTOR	0.45	0.53	0.60	0.61
SOXX	iShares Semiconductor ETF	Semiconductors	INDUSTRY	0.45	0.54	0.59	0.60
XLK	Technology Select Sector SPDR	Tech Sector	SECTOR	0.44	0.52	0.59	0.60
SMH	VanEck Semiconductor ETF	Semiconductors	INDUSTRY	0.44	0.51	0.57	0.58
PSI	Invesco Semiconductors ETF	Semiconductors	INDUSTRY	0.44	0.53	0.59	0.60
HACK	ETFMG Prime Cyber Security	Cybersecurity	SUB-IND	0.22	0.42	0.51	0.54
IGV	iShares Expanded Tech-Software	Software	INDUSTRY	0.21	0.40	0.51	0.55
BUG	Global X Cybersecurity ETF	Cybersecurity	SUB-IND	0.19	0.38	0.47	0.48
CLOU	Global X Cloud Computing ETF	Cloud Computing	SUB-IND	0.15	0.41	0.50	0.52

NEXT STEPS

Harvesting a loss in NOVT?

Estimate what the harvest could save →Check the eight wash-sale traps →Document the trade with a Tax Memo →

Replacement research for NOVT's peers

ZBRA TDY MIR RAL VNT CGNX PI KEYS CXT OSIS ITRI DBD NSSC BMI ROP

Browse all tickers →

Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.