CVNA vs. GSIB
CVNA (Carvana Co.) is a stock, while GSIB (Themes Global Systemically Important Banks ETF) is Financials Equities fund actively managed by Themes. Over the past year, CVNA returned -6.43% vs 42.41% for GSIB. At a 0.35 correlation, their price movements are largely independent.
Performance
CVNA vs. GSIB - Performance Comparison
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Returns By Period
In the year-to-date period, CVNA achieves a -24.59% return, which is significantly lower than GSIB's 9.75% return.
CVNA
- 1D
- -2.97%
- 1M
- -15.48%
- YTD
- -24.59%
- 6M
- -19.43%
- 1Y
- -6.43%
- 3Y*
- 172.78%
- 5Y*
- 2.60%
- 10Y*
- —
GSIB
- 1D
- -1.07%
- 1M
- 5.66%
- YTD
- 9.75%
- 6M
- 16.02%
- 1Y
- 42.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVNA vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVNA Carvana Co. | -24.59% | 107.52% | 284.13% | 3.00% |
GSIB Themes Global Systemically Important Banks ETF | 9.75% | 61.67% | 32.86% | 2.35% |
Correlation
The correlation between CVNA and GSIB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2023 | 0.35 |
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Return for Risk
CVNA vs. GSIB — Risk / Return Rank
CVNA
GSIB
CVNA vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carvana Co. (CVNA) and Themes Global Systemically Important Banks ETF (GSIB). 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.
| CVNA | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.41 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.07 | -3.22 |
| Martin ratioReturn relative to average drawdown | -0.35 | 10.80 | -11.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVNA | GSIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 2.47 | -2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 2.35 | -1.90 |
Drawdowns
CVNA vs. GSIB - Drawdown Comparison
The maximum CVNA drawdown since its inception was -98.99%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for CVNA and GSIB.
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Drawdown Indicators
| CVNA | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.99% | -17.71% | -81.28% |
Max Drawdown (1Y)Largest decline over 1 year | -41.21% | -13.90% | -27.31% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | — | — |
Current DrawdownCurrent decline from peak | -33.48% | -1.07% | -32.41% |
Average DrawdownAverage peak-to-trough decline | -38.11% | -2.06% | -36.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.24% | 3.94% | +14.30% |
Volatility
CVNA vs. GSIB - Volatility Comparison
Carvana Co. (CVNA) has a higher volatility of 15.52% compared to Themes Global Systemically Important Banks ETF (GSIB) at 5.26%. This indicates that CVNA's price experiences larger fluctuations and is considered to be riskier than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVNA | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.52% | 5.26% | +10.26% |
Volatility (6M)Calculated over the trailing 6-month period | 43.03% | 13.97% | +29.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.47% | 17.24% | +42.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.18% | 18.45% | +92.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.27% | 18.45% | +80.82% |
Dividends
CVNA vs. GSIB - Dividend Comparison
CVNA has not paid dividends to shareholders, while GSIB's dividend yield for the trailing twelve months is around 1.74%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CVNA Carvana Co. | 0.00% | 0.00% | 0.00% |
GSIB Themes Global Systemically Important Banks ETF | 1.74% | 1.91% | 1.67% |
Frequently Asked Questions
CVNA and GSIB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVNA has higher volatility (15.52%) compared to GSIB (5.26%). In terms of maximum drawdown, CVNA dropped -98.99% vs GSIB's -17.71%.
GSIB currently has the higher Sharpe Ratio (2.47 vs -0.11), 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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