CVI vs. UAN

Last updated Jun 3, 2026

CVI (CVR Energy, Inc.) and UAN (CVR Partners, LP) are both stocks. CVI operates in Oil & Gas Refining & Marketing (Energy), while UAN operates in Agricultural Inputs (Basic Materials). Over the past 10 years, CVI returned 20.34%/yr vs 12.30%/yr for UAN. At a 0.32 correlation, their price movements are largely independent.

Performance

CVI vs. UAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CVR Energy, Inc. (CVI) and CVR Partners, LP (UAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVI achieves a 42.78% return, which is significantly higher than UAN's 20.90% return. Over the past 10 years, CVI has outperformed UAN with an annualized return of 20.34%, while UAN has yielded a comparatively lower 12.30% annualized return.

CVI

• 1D: 2.12%
• 1M: 7.47%
• YTD: 42.78%
• 6M: 4.92%
• 1Y: 56.16%
• 3Y*: 23.31%
• 5Y*: 32.35%
• 10Y*: 20.34%

UAN

• 1D: -0.37%
• 1M: -3.55%
• YTD: 20.90%
• 6M: 30.71%
• 1Y: 62.56%
• 3Y*: 26.37%
• 5Y*: 32.88%
• 10Y*: 12.30%

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

CVI vs. UAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVI CVR Energy, Inc.	42.78%	51.83%	-34.88%	11.51%	210.18%	25.69%	-61.31%	25.44%	-0.80%	59.94%
UAN CVR Partners, LP	20.90%	54.09%	27.18%	-13.80%	43.68%	452.88%	-48.32%	1.48%	3.66%	-45.19%

Correlation

The correlation between CVI and UAN is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011	0.32

The correlation between CVI and UAN shifts across timeframes, from 0.25 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CVI : $3.58B UAN : $1.26B
EPS CVI : -$0.42 UAN : $11.49
PS Ratio CVI : 0.48 UAN : 1.96
PB Ratio CVI : 6.66 UAN : 3.08
Total Revenue (TTM) CVI : $7.50B UAN : $643.22M
Gross Profit (TTM) CVI : -$1.54B UAN : $133.57M
EBITDA (TTM) CVI : $441.00M UAN : $266.31M

Return for Risk

CVI vs. UAN — Risk / Return Rank

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

CVI

CVI Risk / Return Rank: 67
CVI Sharpe Ratio Rank: 73
CVI Sortino Ratio Rank: 69
CVI Omega Ratio Rank: 66
CVI Calmar Ratio Rank: 63
CVI Martin Ratio Rank: 63

UAN

UAN Risk / Return Rank: 82
UAN Sharpe Ratio Rank: 82
UAN Sortino Ratio Rank: 77
UAN Omega Ratio Rank: 82
UAN Calmar Ratio Rank: 84
UAN Martin Ratio Rank: 87

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.

CVI vs. UAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CVR Energy, Inc. (CVI) and CVR Partners, LP (UAN). 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.

	CVI	UAN	Difference
Sharpe ratio Return per unit of total volatility	1.09	1.56	-0.47
Sortino ratio Return per unit of downside risk	1.70	2.15	-0.45
Omega ratio Gain probability vs. loss probability	1.21	1.33	-0.12
Calmar ratio Return relative to maximum drawdown	1.15	3.33	-2.19
Martin ratio Return relative to average drawdown	2.51	10.57	-8.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVI vs. UAN - Sharpe Ratio Comparison

The current CVI Sharpe Ratio is 1.09, which is comparable to the UAN Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of CVI and UAN, 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

	CVI	UAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.56	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.78	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.23	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.13	+0.08

Drawdowns

CVI vs. UAN - Drawdown Comparison

The maximum CVI drawdown since its inception was -92.39%, roughly equal to the maximum UAN drawdown of -96.77%. Use the drawdown chart below to compare losses from any high point for CVI and UAN.

Drawdown Indicators

	CVI	UAN	Difference
Max Drawdown Largest peak-to-trough decline	-92.39%	-96.77%	+4.38%
Max Drawdown (1Y) Largest decline over 1 year	-48.21%	-18.77%	-29.44%
Max Drawdown (3Y) Largest decline over 3 years	-56.17%	-28.52%	-27.65%
Max Drawdown (5Y) Largest decline over 5 years	-56.17%	-49.19%	-6.98%
Max Drawdown (10Y) Largest decline over 10 years	-80.26%	-92.85%	+12.59%
Current Drawdown Current decline from peak	-9.22%	-11.18%	+1.96%
Average Drawdown Average peak-to-trough decline	-35.18%	-47.61%	+12.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.03%	5.92%	+16.11%

Volatility

CVI vs. UAN - Volatility Comparison

CVR Energy, Inc. (CVI) has a higher volatility of 14.78% compared to CVR Partners, LP (UAN) at 12.77%. This indicates that CVI's price experiences larger fluctuations and is considered to be riskier than UAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVI	UAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.78%	12.77%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	40.20%	37.52%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	51.62%	40.31%	+11.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.18%	42.59%	+15.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.09%	54.75%	+4.34%

Dividends

CVI vs. UAN - Dividend Comparison

CVI's dividend yield for the trailing twelve months is around 1.32%, less than UAN's 10.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVI CVR Energy, Inc.	1.32%	8.88%	8.00%	14.85%	32.04%	14.28%	8.05%	7.54%	7.25%	5.37%	7.88%	5.08%
UAN CVR Partners, LP	10.27%	11.63%	8.81%	40.64%	19.21%	5.62%	0.00%	12.90%	0.00%	0.61%	11.81%	15.61%

Financials

Frequently Asked Questions

Can I hold both CVI and UAN in my portfolio?

CVI and UAN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVI or UAN?

CVI has higher volatility (14.78%) compared to UAN (12.77%). In terms of maximum drawdown, CVI dropped -92.39% vs UAN's -96.77%.

Which has better risk-adjusted returns?

UAN currently has the higher Sharpe Ratio (1.56 vs 1.09), 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.