INVA vs. QQQ

In the year-to-date period, INVA achieves a 12.80% return, which is significantly higher than QQQ's 1.69% return. Over the past 10 years, INVA has underperformed QQQ with an annualized return of 1.94%, while QQQ has yielded a comparatively higher 17.69% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Innoviva, Inc. (INVA) and Invesco QQQ (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.

The current INVA Sharpe Ratio is 1.60, which is higher than the QQQ Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of INVA and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

INVA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.58%.

The maximum INVA drawdown since its inception was -84.32%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for INVA and QQQ.

The current volatility for Innoviva, Inc. (INVA) is 4.33%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that INVA 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.