CVNA vs. BOIL
Compare and contrast key facts about Carvana Co. (CVNA) and ProShares Ultra Bloomberg Natural Gas (BOIL).
BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVNA or BOIL.
Key characteristics
| CVNA | BOIL | |
|---|---|---|
| YTD Return | 327.05% | -72.40% |
| 1Y Return | 600.37% | -88.14% |
| 3Y Return (Ann) | -8.83% | -82.26% |
| 5Y Return (Ann) | 23.46% | -69.68% |
| Sharpe Ratio | 7.69 | -0.91 |
| Sortino Ratio | 5.93 | -2.30 |
| Omega Ratio | 1.71 | 0.76 |
| Calmar Ratio | 7.11 | -0.88 |
| Martin Ratio | 56.85 | -1.20 |
| Ulcer Index | 11.53% | 73.82% |
| Daily Std Dev | 85.19% | 97.31% |
| Max Drawdown | -98.99% | -100.00% |
| Current Drawdown | -38.91% | -100.00% |
Correlation
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.
Performance
CVNA vs. BOIL - Performance Comparison
In the year-to-date period, CVNA achieves a 327.05% return, which is significantly higher than BOIL's -72.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Dividends
CVNA vs. BOIL - Dividend Comparison
Neither CVNA nor BOIL has paid dividends to shareholders.
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.
Volatility
CVNA vs. BOIL - Volatility Comparison
The current volatility for Carvana Co. (CVNA) is 20.73%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.19%. 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.