CNAV vs. ESN

Last updated Aug 1, 2026

CNAV (Mohr Company Nav ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds. CNAV is actively managed, while ESN is passively managed. Over the past year, CNAV returned 39.18% vs 27.64% for ESN. Their 0.56 correlation means they have sometimes moved together and sometimes differently. CNAV charges 1.31%/yr vs 0.70%/yr for ESN.

Performance

CNAV vs. ESN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Company Nav ETF (CNAV) and Essential 40 Stock ETF (ESN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNAV achieves a 24.51% return, which is significantly higher than ESN's 16.65% return.

CNAV

• 1D: 0.63%
• 1M: -10.01%
• 6M: 18.26%
• YTD: 24.51%
• 1Y: 39.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.73%

ESN

• 1D: 0.28%
• 1M: -0.26%
• 6M: 12.11%
• YTD: 16.65%
• 1Y: 27.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNAV Mohr Company Nav ETF	$249.12K	$293.43K	$339.76K
ESN Essential 40 Stock ETF	$2.17M	$1.60M	$1.63M

CNAV vs. ESN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CNAV Mohr Company Nav ETF	24.51%	16.80%	3.31%
ESN Essential 40 Stock ETF	16.65%	16.52%	-3.53%

Correlation

The correlation between CNAV and ESN is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024	0.56

The correlation between CNAV and ESN has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

CNAV vs. ESN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CNAV

CNAV Risk / Return Rank: 44
CNAV Sharpe Ratio Rank: 43
CNAV Sortino Ratio Rank: 41
CNAV Omega Ratio Rank: 44
CNAV Calmar Ratio Rank: 40
CNAV Martin Ratio Rank: 53

ESN

ESN Risk / Return Rank: 93
ESN Sharpe Ratio Rank: 94
ESN Sortino Ratio Rank: 93
ESN Omega Ratio Rank: 92
ESN Calmar Ratio Rank: 91
ESN Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CNAV vs. ESN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Company Nav ETF (CNAV) and Essential 40 Stock ETF (ESN). 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.

	CNAV	ESN	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.65	-1.59
Sortino ratio: Return per unit of downside risk	1.53	3.65	-2.12
Omega ratio: Gain probability vs. loss probability	1.20	1.46	-0.26
Calmar ratio: Return relative to maximum drawdown	1.40	4.12	-2.71
Martin ratio: Return relative to average drawdown	6.25	16.52	-10.27

CNAV vs. ESN - Sharpe Ratio Comparison

The current CNAV Sharpe Ratio is 1.06, which is lower than the ESN Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of CNAV and ESN, 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

CNAV vs. ESN - Drawdown Comparison

The maximum CNAV drawdown since its inception was -30.06%, which is greater than ESN's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for CNAV and ESN.

Drawdown Indicators

	CNAV	ESN	Difference
Max Drawdown Largest peak-to-trough decline	-30.06%	-13.60%	-16.46%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-6.42%	-19.38%
Current Drawdown Current decline from peak	-20.15%	-0.53%	-19.62%
Average Drawdown Average peak-to-trough decline	-5.84%	-1.81%	-4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.79%	1.60%	+4.19%

Volatility

CNAV vs. ESN - Volatility Comparison

Mohr Company Nav ETF (CNAV) has a higher volatility of 15.97% compared to Essential 40 Stock ETF (ESN) at 2.65%. This indicates that CNAV's price experiences larger fluctuations and is considered to be riskier than ESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNAV	ESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.97%	2.65%	+13.32%
Volatility (6M) Calculated over the trailing 6-month period	31.59%	7.51%	+24.08%
Volatility (1Y) Calculated over the trailing 1-year period	34.30%	9.98%	+24.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.45%	13.04%	+18.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.45%	13.04%	+18.41%

CNAV vs. ESN - Expense Ratio Comparison

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

Dividends

CNAV vs. ESN - Dividend Comparison

CNAV has not paid dividends to shareholders, while ESN's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024
CNAV Mohr Company Nav ETF	0.00%	0.00%	0.00%
ESN Essential 40 Stock ETF	0.78%	0.91%	0.76%

Frequently Asked Questions

Can I hold both CNAV and ESN in my portfolio?

CNAV and ESN have a correlation of 0.52, 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 ESN?

CNAV has higher volatility (15.97%) compared to ESN (2.65%). In terms of maximum drawdown, CNAV dropped -30.06% vs ESN's -13.60%.

Which ETF is better, CNAV or ESN?

On 1-year performance, CNAV leads with 39.18% vs 27.64% for ESN. On fees, ESN is cheaper at 0.70% per year. On volatility, ESN has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNAV or ESN?

Over the 1-year period, CNAV has performed better with a 39.18% return vs 27.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNAV or ESN?

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

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

ESN has the higher dividend yield at 0.78%, compared with 0.00% for CNAV.

What is the main difference between CNAV and ESN?

They also come from different issuers: Mohr and KKM. Their fees differ too: 1.31% for CNAV and 0.70% for ESN.

Which has better risk-adjusted returns?

ESN currently has the higher Sharpe Ratio (2.65 vs 1.06), 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.