NVNO vs. AVGO

Last updated Jun 25, 2026

NVNO (enVVeno Medical Corporation) and AVGO (Broadcom Inc.) are both stocks. NVNO operates in Medical Devices (Healthcare), while AVGO operates in Semiconductors (Technology). Over the past 5 years, NVNO returned -45.47%/yr vs 55.46%/yr for AVGO. At a 0.16 correlation, their price movements are largely independent.

Performance

NVNO vs. AVGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in enVVeno Medical Corporation (NVNO) and Broadcom Inc. (AVGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVNO achieves a 1.26% return, which is significantly lower than AVGO's 10.80% return.

NVNO

• 1D: 16.14%
• 1M: 3.74%
• YTD: 1.26%
• 6M: -8.44%
• 1Y: -92.19%
• 3Y*: -50.32%
• 5Y*: -45.47%
• 10Y*: —

AVGO

• 1D: 0.51%
• 1M: -7.60%
• YTD: 10.80%
• 6M: 9.50%
• 1Y: 45.91%
• 3Y*: 68.90%
• 5Y*: 55.46%
• 10Y*: 41.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVNO vs. AVGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NVNO enVVeno Medical Corporation	1.26%	-89.38%	-41.25%	0.78%	-22.61%	-23.82%	-37.09%	-62.71%	-70.50%
AVGO Broadcom Inc.	10.80%	50.63%	110.49%	104.18%	-13.27%	56.48%	44.88%	29.05%	4.50%

Correlation

The correlation between NVNO and AVGO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 31, 2018	0.16

Fundamentals

Market Cap NVNO : $7.44M AVGO : $1.86T
EPS NVNO : -$58.99 AVGO : $6.01
PB Ratio NVNO : 0.31 AVGO : 21.24
Total Revenue (TTM) NVNO : $0.00 AVGO : $75.47B
Gross Profit (TTM) NVNO : -$491.00K AVGO : $50.53B
EBITDA (TTM) NVNO : -$18.82M AVGO : $42.03B

Return for Risk

NVNO vs. AVGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVNO

NVNO Risk / Return Rank: 9
NVNO Sharpe Ratio Rank: 11
NVNO Sortino Ratio Rank: 6
NVNO Omega Ratio Rank: 4
NVNO Calmar Ratio Rank: 3
NVNO Martin Ratio Rank: 19

AVGO

AVGO Risk / Return Rank: 71
AVGO Sharpe Ratio Rank: 73
AVGO Sortino Ratio Rank: 68
AVGO Omega Ratio Rank: 69
AVGO Calmar Ratio Rank: 72
AVGO Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVNO vs. AVGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for enVVeno Medical Corporation (NVNO) and Broadcom Inc. (AVGO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NVNO	AVGO	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	1.00	-1.77
Sortino ratio: Return per unit of downside risk	-1.50	1.57	-3.07
Omega ratio: Gain probability vs. loss probability	0.76	1.20	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.97	1.61	-2.58
Martin ratio: Return relative to average drawdown	-1.10	3.62	-4.72

NVNO vs. AVGO - Sharpe Ratio Comparison

The current NVNO Sharpe Ratio is -0.77, which is lower than the AVGO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of NVNO and AVGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVNO vs. AVGO - Drawdown Comparison

The maximum NVNO drawdown since its inception was -99.81%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for NVNO and AVGO.

Drawdown Indicators

	NVNO	AVGO	Difference
Max Drawdown Largest peak-to-trough decline	-99.81%	-48.30%	-51.51%
Max Drawdown (1Y) Largest decline over 1 year	-95.28%	-28.67%	-66.61%
Max Drawdown (3Y) Largest decline over 3 years	-96.27%	-41.15%	-55.12%
Max Drawdown (5Y) Largest decline over 5 years	-97.66%	-41.15%	-56.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.30%	—
Current Drawdown Current decline from peak	-99.75%	-20.54%	-79.21%
Average Drawdown Average peak-to-trough decline	-89.99%	-8.00%	-81.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	83.79%	12.70%	+71.09%

Volatility

NVNO vs. AVGO - Volatility Comparison

enVVeno Medical Corporation (NVNO) and Broadcom Inc. (AVGO) have volatilities of 21.26% and 21.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVNO	AVGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.26%	21.77%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	62.01%	33.32%	+28.69%
Volatility (1Y) Calculated over the trailing 1-year period	119.40%	46.48%	+72.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.81%	43.63%	+38.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.67%	39.59%	+54.08%

Dividends

NVNO vs. AVGO - Dividend Comparison

NVNO has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGO Broadcom Inc.	0.66%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
NVNO enVVeno Medical Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NVNO and AVGO in my portfolio?

NVNO and AVGO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVNO or AVGO?

AVGO has higher volatility (21.77%) compared to NVNO (21.26%). In terms of maximum drawdown, NVNO dropped -99.81% vs AVGO's -48.30%.

Which has better risk-adjusted returns?

AVGO currently has the higher Sharpe Ratio (1.00 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.