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 -58.29% vs 35.59% for QQQY. At a 0.19 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 -60.51% return, which is significantly lower than QQQY's 18.85% return.
CRVO
- 1D
- 5.05%
- 1M
- -16.35%
- YTD
- -60.51%
- 6M
- -65.56%
- 1Y
- -58.29%
- 3Y*
- -17.32%
- 5Y*
- -43.49%
- 10Y*
- -55.42%
QQQY
- 1D
- -0.19%
- 1M
- 7.95%
- YTD
- 18.85%
- 6M
- 18.67%
- 1Y
- 35.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRVO vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CRVO CervoMed Inc. | -60.51% | 237.61% | -69.33% | 55.71% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 18.85% | 14.96% | 7.70% | 7.22% |
Correlation
The correlation between CRVO and QQQY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.19 |
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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.
| CRVO | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.48 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.21 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.42 | 13.65 | -15.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRVO | QQQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | 2.62 | -3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 1.25 | -1.63 |
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 | -72.97% | -11.14% | -61.83% |
Max Drawdown (3Y)Largest decline over 3 years | -92.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -0.55% | -99.43% |
Average DrawdownAverage peak-to-trough decline | -94.35% | -2.91% | -91.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.96% | 2.61% | +38.35% |
Volatility
CRVO vs. QQQY - Volatility Comparison
CervoMed Inc. (CRVO) has a higher volatility of 22.62% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.14%. 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 | 22.62% | 4.14% | +18.48% |
Volatility (6M)Calculated over the trailing 6-month period | 51.20% | 11.30% | +39.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.07% | 13.66% | +57.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.13% | 14.74% | +107.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.51% | 14.74% | +129.77% |
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 35.18%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CRVO CervoMed Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.18% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
CRVO and QQQY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRVO has higher volatility (22.62%) compared to QQQY (4.14%). In terms of maximum drawdown, CRVO dropped -99.99% vs QQQY's -19.05%.
QQQY currently has the higher Sharpe Ratio (2.62 vs -0.82), 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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