Better Coronavirus Stock: Novavax or Vaxart?

Novavax (NASDAQ: NVAX) and Vaxart (NASDAQ: VXRT) have practically become household names in 2020, largely thanks to their efforts to develop vaccines for COVID-19. Both of these companies have also performed exceptionally well on the stock market of late. Year to date, shares of Novavax are up by 4,210%, while Vaxart's stock is up by 2,660% over the same period.

It may not be too late to jump on the bandwagon, however. Considering the massive market opportunity that presents itself to these biotechs, their stocks could continue delivering market-beating returns. But if investors had to pick just one, which should they bet on today? Let's dig in a little deeper and decide which of these companies is more likely to outperform the other moving forward.