CVNY vs. AAPL
CVNY (YieldMax CVNA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while AAPL (Apple Inc) is a stock. Over the past year, CVNY returned 5.94% vs 46.90% for AAPL. At a 0.29 correlation, their price movements are largely independent.
Performance
CVNY vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, CVNY achieves a -16.37% return, which is significantly lower than AAPL's 8.01% return.
CVNY
- 1D
- 3.36%
- 1M
- 0.39%
- YTD
- -16.37%
- 6M
- -19.84%
- 1Y
- 5.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- -0.41%
- 1M
- -5.10%
- YTD
- 8.01%
- 6M
- 7.24%
- 1Y
- 46.90%
- 3Y*
- 16.76%
- 5Y*
- 17.70%
- 10Y*
- 30.00%
CVNY vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVNY YieldMax CVNA Option Income Strategy ETF | -16.37% | 52.13% |
AAPL Apple Inc | 8.01% | 14.09% |
Correlation
The correlation between CVNY and AAPL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.29 |
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Return for Risk
CVNY vs. AAPL — Risk / Return Rank
CVNY
AAPL
CVNY vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) and Apple Inc (AAPL). 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.
| CVNY | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.38 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 3.42 | -3.25 |
| Martin ratioReturn relative to average drawdown | 0.35 | 8.37 | -8.02 |
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Drawdowns
CVNY vs. AAPL - Drawdown Comparison
The maximum CVNY drawdown since its inception was -43.27%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for CVNY and AAPL.
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Drawdown Indicators
| CVNY | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.27% | -81.80% | +38.53% |
Max Drawdown (1Y)Largest decline over 1 year | -36.27% | -13.80% | -22.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -24.74% | -7.02% | -17.72% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -29.58% | +15.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 5.62% | +11.30% |
Volatility
CVNY vs. AAPL - Volatility Comparison
YieldMax CVNA Option Income Strategy ETF (CVNY) has a higher volatility of 15.83% compared to Apple Inc (AAPL) at 6.82%. This indicates that CVNY's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVNY | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.83% | 6.82% | +9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 37.03% | 16.62% | +20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.85% | 22.58% | +27.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.96% | 27.52% | +30.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.96% | 28.92% | +29.04% |
Dividends
CVNY vs. AAPL - Dividend Comparison
CVNY's dividend yield for the trailing twelve months is around 111.14%, more than AAPL's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
CVNY YieldMax CVNA Option Income Strategy ETF | 111.14% | 80.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CVNY and AAPL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVNY has higher volatility (15.83%) compared to AAPL (6.82%). In terms of maximum drawdown, CVNY dropped -43.27% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.09 vs 0.12), 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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