NVAX vs. SPY
Compare and contrast key facts about Novavax, Inc. (NVAX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVAX or SPY.
Correlation
The correlation between NVAX and SPY is 0.28, 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. SPY - Performance Comparison
Key characteristics
NVAX:
0.27
SPY:
-0.09
NVAX:
1.87
SPY:
-0.02
NVAX:
1.22
SPY:
1.00
NVAX:
0.38
SPY:
-0.09
NVAX:
0.80
SPY:
-0.45
NVAX:
46.57%
SPY:
3.31%
NVAX:
140.11%
SPY:
15.87%
NVAX:
-98.82%
SPY:
-55.19%
NVAX:
-98.05%
SPY:
-17.32%
Returns By Period
In the year-to-date period, NVAX achieves a -22.39% return, which is significantly lower than SPY's -13.53% return. Over the past 10 years, NVAX has underperformed SPY with an annualized return of -27.76%, while SPY has yielded a comparatively higher 11.25% annualized return.
NVAX
-22.39%
-20.91%
-54.15%
40.54%
-16.79%
-27.76%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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Risk-Adjusted Performance
NVAX vs. SPY — Risk-Adjusted Performance Rank
NVAX
SPY
NVAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Novavax, Inc. (NVAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NVAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.42%.
| 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% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NVAX vs. SPY - Drawdown Comparison
The maximum NVAX drawdown since its inception was -98.82%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVAX and SPY. For additional features, visit the drawdowns tool.
Volatility
NVAX vs. SPY - Volatility Comparison
Novavax, Inc. (NVAX) has a higher volatility of 20.48% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that NVAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.