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 4.83% vs 43.00% for GSIB. At a 0.34 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 -21.57% return, which is significantly lower than GSIB's 14.38% return.
CVNA
- 1D
- -2.52%
- 1M
- -5.63%
- YTD
- -21.57%
- 6M
- -25.04%
- 1Y
- 4.83%
- 3Y*
- 151.09%
- 5Y*
- 1.98%
- 10Y*
- —
GSIB
- 1D
- 0.13%
- 1M
- 4.46%
- YTD
- 14.38%
- 6M
- 12.89%
- 1Y
- 43.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVNA vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVNA Carvana Co. | -21.57% | 107.52% | 284.13% | 4.58% |
GSIB Themes Global Systemically Important Banks ETF | 14.38% | 61.67% | 32.86% | 1.75% |
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 15, 2023 | 0.34 |
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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.
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 | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.42 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 3.11 | -2.99 |
| Martin ratioReturn relative to average drawdown | 0.25 | 10.93 | -10.69 |
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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 | -30.82% | -2.24% | -28.58% |
Average DrawdownAverage peak-to-trough decline | -38.21% | -2.03% | -36.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.53% | 3.94% | +15.59% |
Volatility
CVNA vs. GSIB - Volatility Comparison
Carvana Co. (CVNA) has a higher volatility of 20.84% compared to Themes Global Systemically Important Banks ETF (GSIB) at 5.21%. 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 | 20.84% | 5.21% | +15.63% |
Volatility (6M)Calculated over the trailing 6-month period | 44.10% | 14.47% | +29.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.88% | 17.37% | +43.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.41% | 18.46% | +92.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.27% | 18.46% | +80.81% |
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 1.67%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CVNA Carvana Co. | 0.00% | 0.00% | 0.00% |
GSIB Themes Global Systemically Important Banks ETF | 1.67% | 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 (20.84%) compared to GSIB (5.21%). In terms of maximum drawdown, CVNA dropped -98.99% vs GSIB's -17.71%.
GSIB currently has the higher Sharpe Ratio (2.49 vs 0.08), 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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