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AVNS vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVNS vs. QQQ

Last updated Aug 1, 2026
Documentation

AVNS (Avanos Medical, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, AVNS returned -3.20%/yr vs 20.44%/yr for QQQ. Their 0.37 correlation means their historical movements had little consistent relationship.

Performance

AVNS vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avanos Medical, Inc. (AVNS) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, AVNS achieves a 122.53% return, which is significantly higher than QQQ's 12.26% return. Over the past 10 years, AVNS has underperformed QQQ with an annualized return of -3.20%, while QQQ has yielded a comparatively higher 20.44% annualized return.

AVNS

1D
0.00%
1M
0.24%
6M
87.61%
YTD
122.53%
1Y
127.60%
3Y*
0.81%
5Y*
-8.02%
10Y*
-3.20%
ALL TIME*
-2.29%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

AVNS

Avanos Medical, Inc.
$16.42M$17.44M$26.62M

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

AVNS vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AVNS
Avanos Medical, Inc.		122.53%-29.46%-29.02%-17.11%-21.95%-24.43%36.14%-24.76%-3.01%24.88%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between AVNS and QQQ is 0.16, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.16

Correlation (3Y)
Balances recent behavior with more history.

0.21

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.33

Correlation (10Y)
Provides a long-term view across more market conditions.

0.37

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2014

0.37

Over the past year, the correlation between AVNS and QQQ has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avanos Medical, Inc.

Invesco QQQ ETF

Often compared with AVNS:
AVNS vs. SPYAVNS vs. BILAVNS vs. CGXUAVNS vs. WBDAVNS vs. IMOSAVNS vs. DNPAVNS vs. CGDV
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

AVNS vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
AVNS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVNS vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avanos Medical, Inc. (AVNS) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

AVNSQQQDifference
Sharpe ratioReturn per unit of total volatility
1.42
1.16

+0.26

Sortino ratioReturn per unit of downside risk
3.99
1.65

+2.34

Omega ratioGain probability vs. loss probability

1.62

1.21

+0.42

Calmar ratioReturn relative to maximum drawdown

6.61

1.88

+4.73

Martin ratioReturn relative to average drawdown

14.84

6.00

+8.84

AVNS vs. QQQ - Sharpe Ratio Comparison

The current AVNS Sharpe Ratio is 1.42, which is comparable to the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of AVNS and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVNS vs. QQQ - Drawdown Comparison

The maximum AVNS drawdown since its inception was -86.39%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for AVNS and QQQ.

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Drawdown Indicators

AVNSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-86.39%

-82.97%

-3.42%

Max Drawdown (1Y)

Largest decline over 1 year

-16.19%

-11.96%

-4.23%

Max Drawdown (3Y)

Largest decline over 3 years

-59.94%

-22.77%

-37.17%

Max Drawdown (5Y)

Largest decline over 5 years

-72.54%

-35.12%

-37.42%

Max Drawdown (10Y)

Largest decline over 10 years

-86.39%

-35.12%

-51.27%

Current Drawdown

Current decline from peak

-65.60%

-7.69%

-57.91%

Average Drawdown

Average peak-to-trough decline

-47.25%

-32.62%

-14.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.44%

3.74%

+3.70%

Volatility

AVNS vs. QQQ - Volatility Comparison

The current volatility for Avanos Medical, Inc. (AVNS) is 1.66%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that AVNS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVNSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.66%

6.87%

-5.21%

Volatility (6M)

Calculated over the trailing 6-month period

55.78%

16.08%

+39.70%

Volatility (1Y)

Calculated over the trailing 1-year period

77.12%

19.38%

+57.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.85%

22.90%

+24.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

44.55%

22.50%

+22.05%

Dividends

AVNS vs. QQQ - Dividend Comparison

AVNS has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.44%.

PositionTTM20252024202320222021202020192018201720162015
AVNS
Avanos Medical, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

AVNS and QQQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.87%) compared to AVNS (1.66%). In terms of maximum drawdown, AVNS dropped -86.39% vs QQQ's -82.97%.

AVNS currently has the higher Sharpe Ratio (1.42 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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