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 1.26%/yr vs -66.38%/yr for BOIL. At a correlation of -0.01, they often move in opposite directions.
Performance
CVNA vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, CVNA achieves a -23.19% return, which is significantly higher than BOIL's -41.05% return.
CVNA
- 1D
- -2.76%
- 1M
- -5.05%
- YTD
- -23.19%
- 6M
- -25.88%
- 1Y
- 1.27%
- 3Y*
- 147.39%
- 5Y*
- 1.26%
- 10Y*
- —
BOIL
- 1D
- -4.80%
- 1M
- 5.97%
- YTD
- -41.05%
- 6M
- -46.24%
- 1Y
- -75.60%
- 3Y*
- -66.48%
- 5Y*
- -66.38%
- 10Y*
- -57.84%
CVNA vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVNA Carvana Co. | -23.19% | 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 | -41.05% | -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 -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year 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 | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.89 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.98 | +1.01 |
| Martin ratioReturn relative to average drawdown | 0.07 | -1.36 | +1.42 |
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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% | -77.43% | +36.22% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -96.86% | +43.39% |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | -99.91% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -32.25% | -100.00% | +67.75% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -93.59% | +55.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.35% | 56.83% | -37.48% |
Volatility
CVNA vs. BOIL - Volatility Comparison
The current volatility for Carvana Co. (CVNA) is 21.22%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.63%. 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 | 21.22% | 23.63% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 44.02% | 104.46% | -60.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.65% | 113.44% | -52.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.39% | 118.97% | -7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.30% | 101.84% | -2.54% |
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 -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.63%) compared to CVNA (21.22%). In terms of maximum drawdown, CVNA dropped -98.99% vs BOIL's -100.00%.
CVNA currently has the higher Sharpe Ratio (0.02 vs -0.67), 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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