CAVA vs. PRVAX
CAVA (CAVA Group Inc.) is a stock, while PRVAX (T. Rowe Virginia Tax Free Bond Fund) is Municipal Bonds fund managed by T. Rowe Price. Over the past 3 years, CAVA returned 32.88%/yr vs 4.70%/yr for PRVAX. At a 0.01 correlation, their price movements are largely independent.
Performance
CAVA vs. PRVAX - Performance Comparison
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Returns By Period
In the year-to-date period, CAVA achieves a 52.53% return, which is significantly higher than PRVAX's 2.02% return.
CAVA
- 1D
- -1.62%
- 1M
- 16.46%
- YTD
- 52.53%
- 6M
- 72.42%
- 1Y
- 20.05%
- 3Y*
- 32.88%
- 5Y*
- —
- 10Y*
- —
PRVAX
- 1D
- 0.00%
- 1M
- 1.55%
- YTD
- 2.02%
- 6M
- 2.71%
- 1Y
- 9.06%
- 3Y*
- 4.70%
- 5Y*
- 1.10%
- 10Y*
- 2.14%
CAVA vs. PRVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAVA CAVA Group Inc. | 52.53% | -47.97% | 162.45% | 2.33% |
PRVAX T. Rowe Virginia Tax Free Bond Fund | 2.02% | 4.32% | 3.35% | 4.27% |
Correlation
The correlation between CAVA and PRVAX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023 | 0.01 |
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Return for Risk
CAVA vs. PRVAX — Risk / Return Rank
CAVA
PRVAX
CAVA vs. PRVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CAVA Group Inc. (CAVA) and T. Rowe Virginia Tax Free Bond Fund (PRVAX). 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.
| CAVA | PRVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.75 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 3.24 | -2.86 |
| Martin ratioReturn relative to average drawdown | 0.76 | 11.34 | -10.57 |
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Drawdowns
CAVA vs. PRVAX - Drawdown Comparison
The maximum CAVA drawdown since its inception was -71.11%, which is greater than PRVAX's maximum drawdown of -15.93%. Use the drawdown chart below to compare losses from any high point for CAVA and PRVAX.
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Drawdown Indicators
| CAVA | PRVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.11% | -15.93% | -55.18% |
Max Drawdown (1Y)Largest decline over 1 year | -52.65% | -2.82% | -49.83% |
Max Drawdown (3Y)Largest decline over 3 years | -71.11% | -6.95% | -64.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.93% | — |
Current DrawdownCurrent decline from peak | -40.67% | -0.27% | -40.40% |
Average DrawdownAverage peak-to-trough decline | -30.13% | -1.87% | -28.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.35% | 0.79% | +25.56% |
Volatility
CAVA vs. PRVAX - Volatility Comparison
CAVA Group Inc. (CAVA) has a higher volatility of 14.94% compared to T. Rowe Virginia Tax Free Bond Fund (PRVAX) at 1.19%. This indicates that CAVA's price experiences larger fluctuations and is considered to be riskier than PRVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAVA | PRVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.94% | 1.19% | +13.75% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 2.21% | +40.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.15% | 3.06% | +55.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.32% | 4.57% | +54.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.32% | 4.19% | +55.13% |
Dividends
CAVA vs. PRVAX - Dividend Comparison
CAVA has not paid dividends to shareholders, while PRVAX's dividend yield for the trailing twelve months is around 4.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAVA CAVA Group 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% |
PRVAX T. Rowe Virginia Tax Free Bond Fund | 4.41% | 4.42% | 4.00% | 3.41% | 2.04% | 2.26% | 2.47% | 2.82% | 3.16% | 3.16% | 3.22% | 3.40% |
Frequently Asked Questions
CAVA and PRVAX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAVA has higher volatility (14.94%) compared to PRVAX (1.19%). In terms of maximum drawdown, CAVA dropped -71.11% vs PRVAX's -15.93%.
PRVAX currently has the higher Sharpe Ratio (3.00 vs 0.35), 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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