PVLA vs. QQQ

Last updated Jul 14, 2026

PVLA (Palvella Therapeutics, Inc) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past year, PVLA returned 451.89% vs 29.05% for QQQ. At a 0.19 correlation, their price movements are largely independent.

Performance

PVLA vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Palvella Therapeutics, Inc (PVLA) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVLA achieves a 39.51% return, which is significantly higher than QQQ's 16.13% return.

PVLA

• 1D: 0.88%
• 1M: 34.21%
• 6M: 45.32%
• YTD: 39.51%
• 1Y: 451.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -1.90%
• 1M: -1.22%
• 6M: 13.75%
• YTD: 16.13%
• 1Y: 29.05%
• 3Y*: 24.08%
• 5Y*: 15.10%
• 10Y*: 21.19%

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

PVLA vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PVLA Palvella Therapeutics, Inc	39.51%	772.25%	-8.27%
QQQ Invesco QQQ ETF	16.13%	20.77%	-3.48%

Correlation

The correlation between PVLA and QQQ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.19

Return for Risk

PVLA vs. QQQ — Risk / Return Rank

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

PVLA

PVLA Risk / Return Rank: 98
PVLA Sharpe Ratio Rank: 99
PVLA Sortino Ratio Rank: 98
PVLA Omega Ratio Rank: 96
PVLA Calmar Ratio Rank: 99
PVLA Martin Ratio Rank: 99

QQQ

QQQ Risk / Return Rank: 58
QQQ Sharpe Ratio Rank: 58
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 56
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

PVLA vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Palvella Therapeutics, Inc (PVLA) and Invesco QQQ ETF (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.

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.

	PVLA	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	5.53	1.57	+3.96
Sortino ratio: Return per unit of downside risk	4.49	2.13	+2.37
Omega ratio: Gain probability vs. loss probability	1.54	1.28	+0.26
Calmar ratio: Return relative to maximum drawdown	14.65	2.44	+12.21
Martin ratio: Return relative to average drawdown	32.81	8.74	+24.07

PVLA vs. QQQ - Sharpe Ratio Comparison

The current PVLA Sharpe Ratio is 5.53, which is higher than the QQQ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of PVLA and QQQ, 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

PVLA vs. QQQ - Drawdown Comparison

The maximum PVLA drawdown since its inception was -31.48%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PVLA and QQQ.

Drawdown Indicators

	PVLA	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-82.97%	+51.49%
Max Drawdown (1Y) Largest decline over 1 year	-31.11%	-11.96%	-19.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-5.69%	-4.51%	-1.18%
Average Drawdown Average peak-to-trough decline	-10.98%	-32.67%	+21.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.86%	3.33%	+10.53%

Volatility

PVLA vs. QQQ - Volatility Comparison

Palvella Therapeutics, Inc (PVLA) has a higher volatility of 22.21% compared to Invesco QQQ ETF (QQQ) at 8.69%. This indicates that PVLA'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.

Volatility by Period

	PVLA	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.21%	8.69%	+13.52%
Volatility (6M) Calculated over the trailing 6-month period	60.65%	15.40%	+45.25%
Volatility (1Y) Calculated over the trailing 1-year period	82.51%	18.61%	+63.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.25%	22.80%	+59.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.25%	22.44%	+59.81%

Dividends

PVLA vs. QQQ - Dividend Comparison

PVLA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PVLA Palvella Therapeutics, 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 ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both PVLA and QQQ in my portfolio?

PVLA and QQQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVLA or QQQ?

PVLA has higher volatility (22.21%) compared to QQQ (8.69%). In terms of maximum drawdown, PVLA dropped -31.48% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

PVLA currently has the higher Sharpe Ratio (5.53 vs 1.57), 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.