PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
CVNA vs. BOIL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

CVNA vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carvana Co. (CVNA) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%JuneJulyAugustSeptemberOctoberNovember
111.29%
-55.56%
CVNA
BOIL

Returns By Period

In the year-to-date period, CVNA achieves a 361.84% return, which is significantly higher than BOIL's -65.72% return.


CVNA

YTD

361.84%

1M

27.68%

6M

111.29%

1Y

684.16%

5Y (annualized)

22.26%

10Y (annualized)

N/A

BOIL

YTD

-65.72%

1M

17.87%

6M

-56.38%

1Y

-76.41%

5Y (annualized)

-67.33%

10Y (annualized)

-61.89%

Key characteristics


CVNABOIL
Sharpe Ratio7.73-0.78
Sortino Ratio6.10-1.39
Omega Ratio1.740.85
Calmar Ratio6.96-0.77
Martin Ratio56.23-1.20
Ulcer Index11.35%64.31%
Daily Std Dev82.58%99.08%
Max Drawdown-98.99%-100.00%
Current Drawdown-33.94%-100.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Correlation

-0.50.00.51.0-0.0

The correlation between CVNA and BOIL is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

CVNA vs. BOIL - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for CVNA, currently valued at 7.73, compared to the broader market-4.00-2.000.002.004.007.73-0.78
The chart of Sortino ratio for CVNA, currently valued at 6.10, compared to the broader market-4.00-2.000.002.004.006.10-1.39
The chart of Omega ratio for CVNA, currently valued at 1.74, compared to the broader market0.501.001.502.001.740.85
The chart of Calmar ratio for CVNA, currently valued at 6.96, compared to the broader market0.002.004.006.006.96-0.77
The chart of Martin ratio for CVNA, currently valued at 56.23, compared to the broader market-10.000.0010.0020.0030.0056.23-1.20
CVNA
BOIL

The current CVNA Sharpe Ratio is 7.73, which is higher than the BOIL Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of CVNA and BOIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.002.004.006.008.0010.00JuneJulyAugustSeptemberOctoberNovember
7.73
-0.78
CVNA
BOIL

Dividends

CVNA vs. BOIL - Dividend Comparison

Neither CVNA nor BOIL has paid dividends to shareholders.


Tickers have no history of dividend payments

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. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%JuneJulyAugustSeptemberOctoberNovember
-33.94%
-99.93%
CVNA
BOIL

Volatility

CVNA vs. BOIL - Volatility Comparison

The current volatility for Carvana Co. (CVNA) is 20.62%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 33.00%. 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.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%JuneJulyAugustSeptemberOctoberNovember
20.62%
33.00%
CVNA
BOIL