Differences
A novel is story that has a few characters from two or more, a setting, characterization, theme and a plot.
Poetry is a written picture describing an emotion or feeling that a story cannot do all the time.
A novel is written from first person point of view.
Poetry is written from second person point of view.
Novels are long fictional stories.
Poetry is shorter and can be fiction or non-fiction.
Similarities
They both are narrative writing.
They both can use literary devices.