CVNA vs. BOIL
CVNA (Carvana Co.) is a stock, while BOIL (ProShares Ultra Bloomberg Natural Gas) is Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Over the past 5 years, CVNA returned -1.58%/yr vs -69.84%/yr for BOIL. Their -0.01 correlation means they have often moved in opposite directions in the past.
Performance
CVNA vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, CVNA achieves a -26.12% return, which is significantly higher than BOIL's -55.20% return.
CVNA
- 1D
- 1.50%
- 1M
- -9.10%
- 6M
- -22.27%
- YTD
- -26.12%
- 1Y
- -15.22%
- 3Y*
- 85.17%
- 5Y*
- -1.58%
- 10Y*
- —
- ALL TIME*
- 40.38%
BOIL
- 1D
- 1.23%
- 1M
- -22.39%
- 6M
- -74.77%
- YTD
- -55.20%
- 1Y
- -71.40%
- 3Y*
- -67.40%
- 5Y*
- -69.84%
- 10Y*
- -58.99%
- ALL TIME*
- -57.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.80M | $100.03M | $104.47M | |
CVNA Carvana Co. | $811.17M | $686.87M | $733.32M |
CVNA vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVNA Carvana Co. | -26.12% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 41.63% |
BOIL ProShares Ultra Bloomberg Natural Gas | -55.20% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -46.24% |
Correlation
The correlation between CVNA and BOIL is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | -0.01 |
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Return for Risk
CVNA vs. BOIL — Risk / Return Rank
CVNA
BOIL
CVNA vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carvana Co. (CVNA) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
| CVNA | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.91 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.92 | +0.43 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.40 | +0.48 |
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Drawdowns
CVNA vs. BOIL - Drawdown Comparison
The maximum CVNA drawdown since its inception was -98.99%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CVNA and BOIL.
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Drawdown Indicators
| CVNA | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.99% | -100.00% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -41.21% | -77.68% | +36.47% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -97.48% | +44.01% |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | -99.93% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -34.83% | -100.00% | +65.17% |
Average DrawdownAverage peak-to-trough decline | -38.14% | -93.63% | +55.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.87% | 50.79% | -28.92% |
Volatility
CVNA vs. BOIL - Volatility Comparison
The current volatility for Carvana Co. (CVNA) is 17.37%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 18.90%. This indicates that CVNA experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVNA | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.37% | 18.90% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 43.18% | 91.55% | -48.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.70% | 110.59% | -47.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.63% | 118.92% | -7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.93% | 101.64% | -2.71% |
Dividends
CVNA vs. BOIL - Dividend Comparison
Neither CVNA nor BOIL has paid dividends to shareholders.
Frequently Asked Questions
CVNA and BOIL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (18.90%) compared to CVNA (17.37%). In terms of maximum drawdown, CVNA dropped -98.99% vs BOIL's -100.00%.
CVNA currently has the higher Sharpe Ratio (-0.33 vs -0.65), 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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