CNAV vs. BOBP

Last updated Jun 6, 2026

CNAV (Mohr Company Nav ETF) and BOBP (CORE16 Best of Breed Premier Index ETF) are both Large Cap Blend Equities funds. CNAV is actively managed, while BOBP is passively managed. Over the past year, CNAV returned 56.50% vs 27.58% for BOBP. Their correlation of 0.87 suggests significant overlap in exposure. CNAV charges 1.31%/yr vs 0.70%/yr for BOBP.

Performance

CNAV vs. BOBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Company Nav ETF (CNAV) and CORE16 Best of Breed Premier Index ETF (BOBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNAV achieves a 34.15% return, which is significantly higher than BOBP's 17.80% return.

CNAV

• 1D: -7.71%
• 1M: 3.16%
• YTD: 34.15%
• 6M: 33.13%
• 1Y: 56.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOBP

• 1D: -4.97%
• 1M: -1.95%
• YTD: 17.80%
• 6M: 16.57%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CNAV vs. BOBP - Yearly Performance Comparison

	2026 (YTD)	2025
CNAV Mohr Company Nav ETF	34.15%	21.71%
BOBP CORE16 Best of Breed Premier Index ETF	17.80%	8.50%

Correlation

The correlation between CNAV and BOBP is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.87

The correlation between CNAV and BOBP has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

CNAV vs. BOBP — Risk / Return Rank

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

CNAV

CNAV Risk / Return Rank: 75
CNAV Sharpe Ratio Rank: 71
CNAV Sortino Ratio Rank: 63
CNAV Omega Ratio Rank: 67
CNAV Calmar Ratio Rank: 85
CNAV Martin Ratio Rank: 88

BOBP

BOBP Risk / Return Rank: 47
BOBP Sharpe Ratio Rank: 45
BOBP Sortino Ratio Rank: 43
BOBP Omega Ratio Rank: 46
BOBP Calmar Ratio Rank: 47
BOBP Martin Ratio Rank: 57

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.

CNAV vs. BOBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Company Nav ETF (CNAV) and CORE16 Best of Breed Premier Index ETF (BOBP). 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.

	CNAV	BOBP	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.45	+0.71
Sortino ratio: Return per unit of downside risk	2.72	1.99	+0.72
Omega ratio: Gain probability vs. loss probability	1.38	1.27	+0.10
Calmar ratio: Return relative to maximum drawdown	4.38	2.12	+2.26
Martin ratio: Return relative to average drawdown	18.41	9.31	+9.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNAV vs. BOBP - Sharpe Ratio Comparison

The current CNAV Sharpe Ratio is 2.16, which is higher than the BOBP Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CNAV and BOBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CNAV	BOBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.45	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.42	-0.13

Drawdowns

CNAV vs. BOBP - Drawdown Comparison

The maximum CNAV drawdown since its inception was -30.06%, which is greater than BOBP's maximum drawdown of -13.06%. Use the drawdown chart below to compare losses from any high point for CNAV and BOBP.

Drawdown Indicators

	CNAV	BOBP	Difference
Max Drawdown Largest peak-to-trough decline	-30.06%	-13.06%	-17.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-13.06%	+0.09%
Current Drawdown Current decline from peak	-8.90%	-5.73%	-3.17%
Average Drawdown Average peak-to-trough decline	-5.42%	-1.65%	-3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.97%	+0.11%

Volatility

CNAV vs. BOBP - Volatility Comparison

Mohr Company Nav ETF (CNAV) has a higher volatility of 14.56% compared to CORE16 Best of Breed Premier Index ETF (BOBP) at 8.36%. This indicates that CNAV's price experiences larger fluctuations and is considered to be riskier than BOBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNAV	BOBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.56%	8.36%	+6.20%
Volatility (6M) Calculated over the trailing 6-month period	22.65%	17.15%	+5.50%
Volatility (1Y) Calculated over the trailing 1-year period	26.34%	19.16%	+7.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.80%	18.90%	+8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.80%	18.90%	+8.90%

CNAV vs. BOBP - Expense Ratio Comparison

CNAV has a 1.31% expense ratio, which is higher than BOBP's 0.70% expense ratio.

Dividends

CNAV vs. BOBP - Dividend Comparison

CNAV has not paid dividends to shareholders, while BOBP's dividend yield for the trailing twelve months is around 2.81%.

Position	TTM	2025
BOBP CORE16 Best of Breed Premier Index ETF	2.81%	3.31%
CNAV Mohr Company Nav ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNAV and BOBP in my portfolio?

CNAV and BOBP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNAV or BOBP?

CNAV has higher volatility (14.56%) compared to BOBP (8.36%). In terms of maximum drawdown, CNAV dropped -30.06% vs BOBP's -13.06%.

Which ETF is better, CNAV or BOBP?

On 1-year performance, CNAV leads with 56.50% vs 27.58% for BOBP. On fees, BOBP is cheaper at 0.70% per year. On volatility, BOBP has been the lower-risk option at 8.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNAV or BOBP?

Over the 1-year period, CNAV has performed better with a 56.50% return vs 27.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNAV or BOBP?

BOBP is cheaper with a 0.70% expense ratio, compared with 1.31% for CNAV.

Which ETF pays a higher dividend yield, CNAV or BOBP?

BOBP has the higher dividend yield at 2.81%, compared with 0.00% for CNAV.

What is the main difference between CNAV and BOBP?

They also come from different issuers: Mohr and Exchange Traded Concepts. Their fees differ too: 1.31% for CNAV and 0.70% for BOBP.

Which has better risk-adjusted returns?

CNAV currently has the higher Sharpe Ratio (2.16 vs 1.45), 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.