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 0.30, 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:
0.41
QQQ:
0.47
NVAX:
2.08
QQQ:
0.82
NVAX:
1.25
QQQ:
1.11
NVAX:
0.60
QQQ:
0.52
NVAX:
1.20
QQQ:
1.79
NVAX:
49.34%
QQQ:
6.64%
NVAX:
143.96%
QQQ:
25.28%
NVAX:
-98.82%
QQQ:
-82.98%
NVAX:
-97.92%
QQQ:
-12.28%
Returns By Period
In the year-to-date period, NVAX achieves a -17.04% return, which is significantly lower than QQQ's -7.43% return. Over the past 10 years, NVAX has underperformed QQQ with an annualized return of -27.44%, while QQQ has yielded a comparatively higher 16.64% annualized return.
NVAX
-17.04%
-9.74%
-31.55%
68.86%
-19.62%
-27.44%
QQQ
-7.43%
-2.44%
-4.30%
12.01%
17.97%
16.64%
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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 0.63%.
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 | 0.63% | 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 38.38% compared to Invesco QQQ (QQQ) at 16.86%. 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.