NVNO vs. QTUM
NVNO (enVVeno Medical Corporation) is a stock, while QTUM (Defiance Quantum ETF) is Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Over the past 5 years, NVNO returned -44.82%/yr vs 25.84%/yr for QTUM. At a 0.23 correlation, their price movements are largely independent.
Performance
NVNO vs. QTUM - Performance Comparison
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Returns By Period
In the year-to-date period, NVNO achieves a -8.62% return, which is significantly lower than QTUM's 30.78% return.
NVNO
- 1D
- -4.65%
- 1M
- -2.66%
- 6M
- -6.49%
- YTD
- -8.62%
- 1Y
- -93.13%
- 3Y*
- -55.01%
- 5Y*
- -44.82%
- 10Y*
- —
QTUM
- 1D
- -3.40%
- 1M
- -11.80%
- 6M
- 21.36%
- YTD
- 30.78%
- 1Y
- 54.31%
- 3Y*
- 40.96%
- 5Y*
- 25.84%
- 10Y*
- —
NVNO vs. QTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVNO enVVeno Medical Corporation | -8.62% | -89.38% | -41.25% | 0.78% | -22.61% | -23.82% | -37.09% | -62.71% | -29.43% |
QTUM Defiance Quantum ETF | 30.78% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.44% |
Correlation
The correlation between NVNO and QTUM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.23 |
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Return for Risk
NVNO vs. QTUM — Risk / Return Rank
NVNO
QTUM
NVNO vs. QTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for enVVeno Medical Corporation (NVNO) and Defiance Quantum ETF (QTUM). 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 | QTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.30 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.58 | -4.56 |
| Martin ratioReturn relative to average drawdown | -1.07 | 11.44 | -12.51 |
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Drawdowns
NVNO vs. QTUM - Drawdown Comparison
The maximum NVNO drawdown since its inception was -99.81%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for NVNO and QTUM.
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Drawdown Indicators
| NVNO | QTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.81% | -38.45% | -61.36% |
Max Drawdown (1Y)Largest decline over 1 year | -95.28% | -15.26% | -80.02% |
Max Drawdown (3Y)Largest decline over 3 years | -96.27% | -25.39% | -70.88% |
Max Drawdown (5Y)Largest decline over 5 years | -97.66% | -38.45% | -59.21% |
Current DrawdownCurrent decline from peak | -99.78% | -15.19% | -84.59% |
Average DrawdownAverage peak-to-trough decline | -90.06% | -8.22% | -81.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 86.87% | 4.76% | +82.11% |
Volatility
NVNO vs. QTUM - Volatility Comparison
enVVeno Medical Corporation (NVNO) has a higher volatility of 21.00% compared to Defiance Quantum ETF (QTUM) at 11.07%. This indicates that NVNO's price experiences larger fluctuations and is considered to be riskier than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVNO | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.00% | 11.07% | +9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 59.79% | 25.30% | +34.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.17% | 30.57% | +88.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.78% | 27.47% | +54.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.37% | 27.59% | +65.78% |
Dividends
NVNO vs. QTUM - Dividend Comparison
NVNO has not paid dividends to shareholders, while QTUM's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NVNO enVVeno Medical Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.82% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
NVNO and QTUM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVNO has higher volatility (21.00%) compared to QTUM (11.07%). In terms of maximum drawdown, NVNO dropped -99.81% vs QTUM's -38.45%.
QTUM currently has the higher Sharpe Ratio (1.79 vs -0.78), 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.
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