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.
Key characteristics
NVAX | QQQ | |
---|---|---|
YTD Return | 139.79% | 16.41% |
1Y Return | 42.98% | 31.48% |
3Y Return (Ann) | -63.16% | 8.88% |
5Y Return (Ann) | 13.14% | 21.64% |
10Y Return (Ann) | -18.97% | 17.91% |
Sharpe Ratio | 0.28 | 1.88 |
Daily Std Dev | 140.41% | 17.29% |
Max Drawdown | -98.82% | -82.98% |
Current Drawdown | -96.40% | -5.49% |
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
In the year-to-date period, NVAX achieves a 139.79% return, which is significantly higher than QQQ's 16.41% return. Over the past 10 years, NVAX has underperformed QQQ with an annualized return of -18.97%, while QQQ has yielded a comparatively higher 17.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 0.61%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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 36.08% compared to Invesco QQQ (QQQ) at 8.03%. 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.