CVNA vs. TTD
CVNA (Carvana Co.) and TTD (The Trade Desk, Inc.) are both stocks. CVNA operates in Internet Retail (Consumer Cyclical), while TTD operates in Software - Application (Technology). Over the past 5 years, CVNA returned 3.14%/yr vs -20.31%/yr for TTD. At a 0.44 correlation, their price movements are largely independent.
Performance
CVNA vs. TTD - Performance Comparison
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Returns By Period
In the year-to-date period, CVNA achieves a -24.06% return, which is significantly higher than TTD's -49.21% return.
CVNA
- 1D
- -5.49%
- 1M
- -4.57%
- YTD
- -24.06%
- 6M
- -29.67%
- 1Y
- 7.90%
- 3Y*
- 138.89%
- 5Y*
- 3.14%
- 10Y*
- —
TTD
- 1D
- 2.01%
- 1M
- -8.84%
- YTD
- -49.21%
- 6M
- -47.39%
- 1Y
- -71.63%
- 3Y*
- -37.11%
- 5Y*
- -20.31%
- 10Y*
- —
CVNA vs. TTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVNA Carvana Co. | -24.06% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 41.63% |
TTD The Trade Desk, Inc. | -49.21% | -67.70% | 63.33% | 60.52% | -51.08% | 14.41% | 208.34% | 123.83% | 153.79% | 21.33% |
Correlation
The correlation between CVNA and TTD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.44 |
Over the past year, the correlation between CVNA and TTD has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
CVNA:
$9.49B
TTD:
$9.19B
CVNA:
$8.69
TTD:
$0.89
CVNA:
7.37
TTD:
21.71
CVNA:
0.03
TTD:
0.28
CVNA:
0.47
TTD:
3.16
CVNA:
2.55
TTD:
3.75
CVNA:
$22.52B
TTD:
$2.97B
CVNA:
$4.50B
TTD:
$2.31B
CVNA:
-$116.00M
TTD:
$725.01M
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Return for Risk
CVNA vs. TTD — Risk / Return Rank
CVNA
TTD
CVNA vs. TTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carvana Co. (CVNA) and The Trade Desk, Inc. (TTD). 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 | TTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.71 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | -0.92 | +0.93 |
| Martin ratioReturn relative to average drawdown | 0.03 | -1.28 | +1.30 |
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Drawdowns
CVNA vs. TTD - Drawdown Comparison
The maximum CVNA drawdown since its inception was -98.99%, which is greater than TTD's maximum drawdown of -86.45%. Use the drawdown chart below to compare losses from any high point for CVNA and TTD.
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Drawdown Indicators
| CVNA | TTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.99% | -86.45% | -12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -41.21% | -78.94% | +37.73% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -86.45% | +32.98% |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | -86.45% | -12.54% |
Current DrawdownCurrent decline from peak | -33.01% | -86.18% | +53.17% |
Average DrawdownAverage peak-to-trough decline | -38.24% | -27.27% | -10.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.79% | 56.84% | -38.05% |
Volatility
CVNA vs. TTD - Volatility Comparison
The current volatility for Carvana Co. (CVNA) is 16.26%, while The Trade Desk, Inc. (TTD) has a volatility of 18.89%. This indicates that CVNA experiences smaller price fluctuations and is considered to be less risky than TTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVNA | TTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.26% | 18.89% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 42.02% | 41.21% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.04% | 64.24% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.17% | 67.34% | +43.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.32% | 68.43% | +30.89% |
Dividends
CVNA vs. TTD - Dividend Comparison
Neither CVNA nor TTD has paid dividends to shareholders.
Financials
CVNA vs. TTD - Financials Comparison
This section allows you to compare key financial metrics between Carvana Co. and The Trade Desk, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CVNA vs. TTD - Profitability Comparison
CVNA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a gross profit of 1.27B and revenue of 6.43B. Therefore, the gross margin over that period was 19.8%.
TTD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported a gross profit of 506.89M and revenue of 688.86M. Therefore, the gross margin over that period was 73.6%.
CVNA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported an operating income of 581.00M and revenue of 6.43B, resulting in an operating margin of 9.0%.
TTD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported an operating income of 66.65M and revenue of 688.86M, resulting in an operating margin of 9.7%.
CVNA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a net income of 250.00M and revenue of 6.43B, resulting in a net margin of 3.9%.
TTD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported a net income of 40.00M and revenue of 688.86M, resulting in a net margin of 5.8%.
Frequently Asked Questions
CVNA and TTD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTD has higher volatility (18.89%) compared to CVNA (16.26%). In terms of maximum drawdown, CVNA dropped -98.99% vs TTD's -86.45%.
CVNA currently has the higher Sharpe Ratio (0.01 vs -1.13), 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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