NVAX vs. QQQ
Compare and contrast key facts about Novavax, Inc. (NVAX) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVAX or QQQ.
Correlation
The correlation between NVAX and QQQ is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NVAX vs. QQQ - Performance Comparison
Key characteristics
NVAX:
0.70
QQQ:
1.58
NVAX:
2.43
QQQ:
2.13
NVAX:
1.30
QQQ:
1.28
NVAX:
1.01
QQQ:
2.13
NVAX:
2.60
QQQ:
7.44
NVAX:
38.31%
QQQ:
3.88%
NVAX:
143.47%
QQQ:
18.24%
NVAX:
-98.82%
QQQ:
-82.98%
NVAX:
-97.37%
QQQ:
-2.90%
Returns By Period
In the year-to-date period, NVAX achieves a 4.48% return, which is significantly higher than QQQ's 2.06% return. Over the past 10 years, NVAX has underperformed QQQ with an annualized return of -24.87%, while QQQ has yielded a comparatively higher 18.75% annualized return.
NVAX
4.48%
-2.67%
-39.35%
104.38%
7.93%
-24.87%
QQQ
2.06%
1.18%
10.12%
27.08%
19.30%
18.75%
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Risk-Adjusted Performance
NVAX vs. QQQ — Risk-Adjusted Performance Rank
NVAX
QQQ
NVAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Novavax, Inc. (NVAX) 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.
Dividends
NVAX vs. QQQ - Dividend Comparison
NVAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.55%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVAX Novavax, Inc. | 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 | 0.55% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
NVAX vs. QQQ - Drawdown Comparison
The maximum NVAX drawdown since its inception was -98.82%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NVAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
NVAX vs. QQQ - Volatility Comparison
Novavax, Inc. (NVAX) has a higher volatility of 23.37% compared to Invesco QQQ (QQQ) at 6.45%. This indicates that NVAX'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.