ENVX vs. QQQ
ENVX (Enovix Corp) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, ENVX returned -21.22%/yr vs 15.26%/yr for QQQ. At a 0.50 correlation, their price movements are largely independent.
Performance
ENVX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ENVX achieves a -35.70% return, which is significantly lower than QQQ's 15.19% return.
ENVX
- 1D
- -8.02%
- 1M
- -29.11%
- 6M
- -39.90%
- YTD
- -35.70%
- 1Y
- -64.43%
- 3Y*
- -36.93%
- 5Y*
- -21.22%
- 10Y*
- —
QQQ
- 1D
- -1.64%
- 1M
- -3.17%
- 6M
- 13.80%
- YTD
- 15.19%
- 1Y
- 27.28%
- 3Y*
- 23.36%
- 5Y*
- 15.26%
- 10Y*
- 21.01%
ENVX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENVX Enovix Corp | -35.70% | -23.14% | -13.18% | 0.64% | -54.40% | 26.88% |
QQQ Invesco QQQ ETF | 15.19% | 20.77% | 25.58% | 54.86% | -32.58% | 9.84% |
Correlation
The correlation between ENVX and QQQ is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.50 |
The correlation between ENVX and QQQ has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
ENVX vs. QQQ — Risk / Return Rank
ENVX
QQQ
ENVX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) 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.
| ENVX | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.26 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.29 | -3.21 |
| Martin ratioReturn relative to average drawdown | -1.26 | 8.13 | -9.39 |
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Drawdowns
ENVX vs. QQQ - Drawdown Comparison
The maximum ENVX drawdown since its inception was -85.00%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ENVX and QQQ.
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Drawdown Indicators
| ENVX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.00% | -82.97% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -70.50% | -11.96% | -58.54% |
Max Drawdown (3Y)Largest decline over 3 years | -75.82% | -22.77% | -53.05% |
Max Drawdown (5Y)Largest decline over 5 years | -85.00% | -35.12% | -49.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -85.00% | -5.29% | -79.71% |
Average DrawdownAverage peak-to-trough decline | -63.29% | -32.66% | -30.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.15% | 3.36% | +47.79% |
Volatility
ENVX vs. QQQ - Volatility Comparison
Enovix Corp (ENVX) has a higher volatility of 24.48% compared to Invesco QQQ ETF (QQQ) at 7.53%. This indicates that ENVX's price experiences larger fluctuations and is considered to be riskier 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
| ENVX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.48% | 7.53% | +16.95% |
Volatility (6M)Calculated over the trailing 6-month period | 59.78% | 15.52% | +44.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.41% | 18.69% | +67.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.49% | 22.81% | +70.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.75% | 22.44% | +71.31% |
Dividends
ENVX vs. QQQ - Dividend Comparison
ENVX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENVX Enovix Corp | 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 | 0.43% | 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
ENVX and QQQ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVX has higher volatility (24.48%) compared to QQQ (7.53%). In terms of maximum drawdown, ENVX dropped -85.00% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.47 vs -0.75), 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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