CRVO vs. QQQY
CRVO (CervoMed Inc.) is a stock, while QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance. Over the past year, CRVO returned -53.71% vs 26.48% for QQQY. At a 0.21 correlation, their price movements are largely independent.
Performance
CRVO vs. QQQY - Performance Comparison
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Returns By Period
In the year-to-date period, CRVO achieves a -58.10% return, which is significantly lower than QQQY's 15.28% return.
CRVO
- 1D
- -7.28%
- 1M
- 35.10%
- 6M
- -56.39%
- YTD
- -58.10%
- 1Y
- -53.71%
- 3Y*
- -9.83%
- 5Y*
- -40.47%
- 10Y*
- -55.31%
QQQY
- 1D
- -1.69%
- 1M
- -0.13%
- 6M
- 13.03%
- YTD
- 15.28%
- 1Y
- 26.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRVO vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CRVO CervoMed Inc. | -58.10% | 237.61% | -69.33% | 48.16% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 15.28% | 14.96% | 7.70% | 7.19% |
Correlation
The correlation between CRVO and QQQY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.21 |
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Return for Risk
CRVO vs. QQQY — Risk / Return Rank
CRVO
QQQY
CRVO vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CervoMed Inc. (CRVO) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.
| CRVO | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.39 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.16 | 9.39 | -10.56 |
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Drawdowns
CRVO vs. QQQY - Drawdown Comparison
The maximum CRVO drawdown since its inception was -99.99%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for CRVO and QQQY.
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Drawdown Indicators
| CRVO | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -19.05% | -80.94% |
Max Drawdown (1Y)Largest decline over 1 year | -78.95% | -11.14% | -67.81% |
Max Drawdown (3Y)Largest decline over 3 years | -92.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -95.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -3.54% | -96.44% |
Average DrawdownAverage peak-to-trough decline | -94.37% | -2.91% | -91.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.14% | 2.83% | +43.31% |
Volatility
CRVO vs. QQQY - Volatility Comparison
CervoMed Inc. (CRVO) has a higher volatility of 71.94% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 8.13%. This indicates that CRVO's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRVO | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 71.94% | 8.13% | +63.81% |
Volatility (6M)Calculated over the trailing 6-month period | 89.56% | 14.50% | +75.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.93% | 16.59% | +98.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 128.73% | 15.57% | +113.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.22% | 15.57% | +131.65% |
Dividends
CRVO vs. QQQY - Dividend Comparison
CRVO has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 36.61%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CRVO CervoMed Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 36.61% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
CRVO and QQQY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRVO has higher volatility (71.94%) compared to QQQY (8.13%). In terms of maximum drawdown, CRVO dropped -99.99% vs QQQY's -19.05%.
QQQY currently has the higher Sharpe Ratio (1.61 vs -0.47), 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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