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CVNA vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


CVNASPY
YTD Return332.72%21.39%
1Y Return609.67%33.27%
3Y Return (Ann)-8.70%8.59%
5Y Return (Ann)23.04%15.03%
Sharpe Ratio9.042.87
Sortino Ratio6.343.80
Omega Ratio1.761.54
Calmar Ratio8.474.10
Martin Ratio67.8418.62
Ulcer Index11.52%1.85%
Daily Std Dev86.45%12.01%
Max Drawdown-98.99%-55.19%
Current Drawdown-38.10%-2.23%

Correlation

-0.50.00.51.00.4

The correlation between CVNA and SPY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

CVNA vs. SPY - Performance Comparison

In the year-to-date period, CVNA achieves a 332.72% return, which is significantly higher than SPY's 21.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
86.29%
11.35%
CVNA
SPY

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Risk-Adjusted Performance

CVNA vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Carvana Co. (CVNA) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for CVNA, currently valued at 7.81, compared to the broader market-4.00-2.000.002.004.007.81
Sortino ratio
The chart of Sortino ratio for CVNA, currently valued at 5.97, compared to the broader market-4.00-2.000.002.004.005.97
Omega ratio
The chart of Omega ratio for CVNA, currently valued at 1.72, compared to the broader market0.501.001.502.001.72
Calmar ratio
The chart of Calmar ratio for CVNA, currently valued at 7.21, compared to the broader market0.002.004.006.007.21
Martin ratio
The chart of Martin ratio for CVNA, currently valued at 57.74, compared to the broader market0.0010.0020.0030.0057.74
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.87, compared to the broader market-4.00-2.000.002.004.002.87
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.80, compared to the broader market-4.00-2.000.002.004.003.80
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.54, compared to the broader market0.501.001.502.001.54
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.10, compared to the broader market0.002.004.006.004.10
Martin ratio
The chart of Martin ratio for SPY, currently valued at 18.62, compared to the broader market0.0010.0020.0030.0018.62

CVNA vs. SPY - Sharpe Ratio Comparison

The current CVNA Sharpe Ratio is 9.04, which is higher than the SPY Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of CVNA and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.00JuneJulyAugustSeptemberOctoberNovember
7.81
2.87
CVNA
SPY

Dividends

CVNA vs. SPY - Dividend Comparison

CVNA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.


TTM20232022202120202019201820172016201520142013
CVNA
Carvana Co.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.23%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

CVNA vs. SPY - Drawdown Comparison

The maximum CVNA drawdown since its inception was -98.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CVNA and SPY. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-38.10%
-2.23%
CVNA
SPY

Volatility

CVNA vs. SPY - Volatility Comparison

Carvana Co. (CVNA) has a higher volatility of 20.61% compared to SPDR S&P 500 ETF (SPY) at 3.14%. This indicates that CVNA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
20.61%
3.14%
CVNA
SPY