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:
0.17
QQQ:
0.14
NVAX:
1.68
QQQ:
0.31
NVAX:
1.19
QQQ:
1.04
NVAX:
0.24
QQQ:
0.17
NVAX:
0.51
QQQ:
0.53
NVAX:
46.38%
QQQ:
5.24%
NVAX:
139.68%
QQQ:
20.34%
NVAX:
-98.82%
QQQ:
-82.98%
NVAX:
-98.25%
QQQ:
-16.35%
Returns By Period
In the year-to-date period, NVAX achieves a -30.35% return, which is significantly lower than QQQ's -11.72% return. Over the past 10 years, NVAX has underperformed QQQ with an annualized return of -28.36%, while QQQ has yielded a comparatively higher 16.52% annualized return.
NVAX
-30.35%
-27.08%
-61.17%
23.35%
-18.59%
-28.36%
QQQ
-11.72%
-8.92%
-6.13%
2.56%
20.53%
16.52%
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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 0.66%.
| 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 | 0.66% | 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 16.27% compared to Invesco QQQ (QQQ) at 9.26%. 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.