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.
Correlation
The correlation between CVNA and BOIL is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CVNA vs. BOIL - Performance Comparison
Key characteristics
CVNA:
2.85
BOIL:
-0.30
CVNA:
3.15
BOIL:
0.25
CVNA:
1.44
BOIL:
1.03
CVNA:
2.88
BOIL:
-0.33
CVNA:
15.11
BOIL:
-0.67
CVNA:
15.15%
BOIL:
48.47%
CVNA:
80.43%
BOIL:
107.69%
CVNA:
-98.99%
BOIL:
-100.00%
CVNA:
-36.50%
BOIL:
-100.00%
Returns By Period
In the year-to-date period, CVNA achieves a 15.57% return, which is significantly higher than BOIL's -14.12% return.
CVNA
15.57%
6.03%
17.38%
211.90%
20.64%
N/A
BOIL
-14.12%
-37.05%
3.21%
-28.82%
-60.49%
-56.56%
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Risk-Adjusted Performance
CVNA vs. BOIL — Risk-Adjusted Performance Rank
CVNA
BOIL
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
Carvana Co. (CVNA) has a higher volatility of 39.84% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 34.58%. This indicates that CVNA's price experiences larger fluctuations and is considered to be riskier than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.