NVAX vs. AMDL
NVAX (Novavax, Inc.) is a stock, while AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%). Over the past year, NVAX returned 14.41% vs 314.99% for AMDL. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
NVAX vs. AMDL - Performance Comparison
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Returns By Period
In the year-to-date period, NVAX achieves a 14.58% return, which is significantly lower than AMDL's 234.66% return.
NVAX
- 1D
- 0.52%
- 1M
- -17.65%
- 6M
- -6.89%
- YTD
- 14.58%
- 1Y
- 14.41%
- 3Y*
- -1.51%
- 5Y*
- -47.33%
- 10Y*
- -25.83%
- ALL TIME*
- -7.79%
AMDL
- 1D
- -16.90%
- 1M
- -29.48%
- 6M
- 311.38%
- YTD
- 234.66%
- 1Y
- 314.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $243.26M | $222.94M | $321.64M | |
NVAX Novavax, Inc. | $22.26M | $25.69M | $41.53M |
NVAX vs. AMDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVAX Novavax, Inc. | 14.58% | -16.42% | 51.98% |
AMDL GraniteShares 2x Long AMD Daily ETF | 234.66% | 103.00% | -69.97% |
Correlation
The correlation between NVAX and AMDL is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.23 |
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Return for Risk
NVAX vs. AMDL — Risk / Return Rank
NVAX
AMDL
NVAX vs. AMDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novavax, Inc. (NVAX) and GraniteShares 2x Long AMD Daily ETF (AMDL). 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.
| NVAX | AMDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 5.65 | -5.25 |
| Martin ratioReturn relative to average drawdown | 0.70 | 10.58 | -9.88 |
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Drawdowns
NVAX vs. AMDL - Drawdown Comparison
The maximum NVAX drawdown since its inception was -98.82%, which is greater than AMDL's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NVAX and AMDL.
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Drawdown Indicators
| NVAX | AMDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.82% | -88.63% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -35.94% | -56.13% | +20.19% |
Max Drawdown (3Y)Largest decline over 3 years | -74.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.82% | — | — |
Current DrawdownCurrent decline from peak | -97.59% | -37.11% | -60.48% |
Average DrawdownAverage peak-to-trough decline | -70.89% | -46.43% | -24.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.50% | 29.94% | -9.44% |
Volatility
NVAX vs. AMDL - Volatility Comparison
The current volatility for Novavax, Inc. (NVAX) is 10.84%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 50.68%. This indicates that NVAX experiences smaller price fluctuations and is considered to be less risky than AMDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVAX | AMDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 50.68% | -39.84% |
Volatility (6M)Calculated over the trailing 6-month period | 46.13% | 114.03% | -67.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.35% | 144.28% | -75.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.24% | 121.72% | -16.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.51% | 121.72% | -6.21% |
Dividends
NVAX vs. AMDL - Dividend Comparison
Neither NVAX nor AMDL has paid dividends to shareholders.
Frequently Asked Questions
NVAX and AMDL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (50.68%) compared to NVAX (10.84%). In terms of maximum drawdown, NVAX dropped -98.82% vs AMDL's -88.63%.
AMDL currently has the higher Sharpe Ratio (2.20 vs 0.21), 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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