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 -45.47%/yr vs 27.79%/yr for QTUM. At a 0.23 correlation, their price movements are largely independent.
Performance
NVNO vs. QTUM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVNO achieves a 1.26% return, which is significantly lower than QTUM's 46.10% return.
NVNO
- 1D
- 16.14%
- 1M
- 3.74%
- YTD
- 1.26%
- 6M
- -8.44%
- 1Y
- -92.19%
- 3Y*
- -50.32%
- 5Y*
- -45.47%
- 10Y*
- —
QTUM
- 1D
- -2.11%
- 1M
- 4.20%
- YTD
- 46.10%
- 6M
- 43.67%
- 1Y
- 79.32%
- 3Y*
- 50.12%
- 5Y*
- 27.79%
- 10Y*
- —
NVNO vs. QTUM - 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% | -29.43% |
QTUM Defiance Quantum ETF | 46.10% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.44% |
Correlation
The correlation between NVNO and QTUM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.76 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.43 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 5.23 | -6.19 |
| Martin ratioReturn relative to average drawdown | -1.10 | 18.77 | -19.87 |
Loading charts...
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.
Loading charts...
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 | -99.75% | -5.26% | -94.49% |
Average DrawdownAverage peak-to-trough decline | -89.99% | -8.22% | -81.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.79% | 4.24% | +79.55% |
Volatility
NVNO vs. QTUM - Volatility Comparison
enVVeno Medical Corporation (NVNO) has a higher volatility of 21.26% compared to Defiance Quantum ETF (QTUM) at 14.90%. 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.
Loading charts...
Volatility by Period
| NVNO | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.26% | 14.90% | +6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 62.01% | 23.76% | +38.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.40% | 29.19% | +90.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.81% | 27.18% | +54.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.67% | 27.48% | +66.19% |
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 0.73%.
| 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 | 0.73% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVNO has higher volatility (21.26%) compared to QTUM (14.90%). In terms of maximum drawdown, NVNO dropped -99.81% vs QTUM's -38.45%.
QTUM currently has the higher Sharpe Ratio (2.74 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.
Find the right allocation for NVNO and QTUM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer