CNVS vs. LESL
CNVS (Cineverse Corp.) and LESL (Leslie's, Inc.) are both stocks. CNVS operates in Entertainment (Communication Services), while LESL operates in Home Improvement Retail (Consumer Cyclical). Over the past 3 years, CNVS returned 19.49%/yr vs -68.74%/yr for LESL. At a 0.15 correlation, their price movements are largely independent.
Performance
CNVS vs. LESL - Performance Comparison
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Returns By Period
In the year-to-date period, CNVS achieves a 29.38% return, which is significantly lower than LESL's 278.18% return.
CNVS
- 1D
- -1.44%
- 1M
- -3.19%
- 6M
- 33.17%
- YTD
- 29.38%
- 1Y
- -59.85%
- 3Y*
- 19.49%
- 5Y*
- —
- 10Y*
- —
LESL
- 1D
- -5.17%
- 1M
- -21.71%
- 6M
- 246.67%
- YTD
- 278.18%
- 1Y
- -25.45%
- 3Y*
- -68.74%
- 5Y*
- -58.99%
- 10Y*
- —
CNVS vs. LESL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNVS Cineverse Corp. | 29.38% | -42.19% | 170.37% | -77.50% |
LESL Leslie's, Inc. | 278.18% | -96.30% | -67.73% | -31.79% |
Correlation
The correlation between CNVS and LESL is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.15 |
Fundamentals
CNVS:
$63.93M
LESL:
$58.40M
CNVS:
-$0.43
LESL:
-$29.73
CNVS:
0.86
LESL:
0.05
CNVS:
$65.73M
LESL:
$1.22B
CNVS:
$32.51M
LESL:
$428.40M
CNVS:
-$7.32M
LESL:
-$176.53M
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Return for Risk
CNVS vs. LESL — Risk / Return Rank
CNVS
LESL
CNVS vs. LESL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cineverse Corp. (CNVS) and Leslie's, Inc. (LESL). 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.
| CNVS | LESL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.14 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.35 | -0.47 |
| Martin ratioReturn relative to average drawdown | -1.05 | -0.45 | -0.60 |
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Drawdowns
CNVS vs. LESL - Drawdown Comparison
The maximum CNVS drawdown since its inception was -88.30%, smaller than the maximum LESL drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for CNVS and LESL.
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Drawdown Indicators
| CNVS | LESL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -99.85% | +11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -73.09% | -92.84% | +19.75% |
Max Drawdown (3Y)Largest decline over 3 years | -74.04% | -99.44% | +25.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.82% | — |
Current DrawdownCurrent decline from peak | -61.28% | -99.00% | +37.72% |
Average DrawdownAverage peak-to-trough decline | -63.43% | -65.93% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.13% | 72.14% | -15.01% |
Volatility
CNVS vs. LESL - Volatility Comparison
The current volatility for Cineverse Corp. (CNVS) is 26.64%, while Leslie's, Inc. (LESL) has a volatility of 40.11%. This indicates that CNVS experiences smaller price fluctuations and is considered to be less risky than LESL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNVS | LESL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.64% | 40.11% | -13.47% |
Volatility (6M)Calculated over the trailing 6-month period | 47.77% | 138.09% | -90.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.84% | 202.70% | -136.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.96% | 111.65% | -22.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.96% | 106.31% | -17.35% |
Dividends
CNVS vs. LESL - Dividend Comparison
Neither CNVS nor LESL has paid dividends to shareholders.
Financials
CNVS vs. LESL - Financials Comparison
This section allows you to compare key financial metrics between Cineverse Corp. and Leslie's, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CNVS vs. LESL - Profitability Comparison
CNVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Cineverse Corp. reported a gross profit of 7.82M and revenue of 25.97M. Therefore, the gross margin over that period was 30.1%.
LESL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Leslie's, Inc. reported a gross profit of 53.35M and revenue of 184.74M. Therefore, the gross margin over that period was 28.9%.
CNVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Cineverse Corp. reported an operating income of -3.55M and revenue of 25.97M, resulting in an operating margin of -13.7%.
LESL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Leslie's, Inc. reported an operating income of -38.86M and revenue of 184.74M, resulting in an operating margin of -21.0%.
CNVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Cineverse Corp. reported a net income of 1.24M and revenue of 25.97M, resulting in a net margin of 4.8%.
LESL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Leslie's, Inc. reported a net income of -52.50M and revenue of 184.74M, resulting in a net margin of -28.4%.
Frequently Asked Questions
CNVS and LESL have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LESL has higher volatility (40.11%) compared to CNVS (26.64%). In terms of maximum drawdown, CNVS dropped -88.30% vs LESL's -99.85%.
LESL currently has the higher Sharpe Ratio (-0.16 vs -0.91), 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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