CVNY vs. CVNA
CVNY (YieldMax CVNA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while CVNA (Carvana Co.) is a stock. Over the past year, CVNY returned -3.53% vs -10.10% for CVNA. Their 0.98 correlation means they have historically moved very closely together.
Performance
CVNY vs. CVNA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVNY achieves a -16.15% return, which is significantly higher than CVNA's -21.65% return.
CVNY
- 1D
- 5.45%
- 1M
- -0.72%
- 6M
- -12.62%
- YTD
- -16.15%
- 1Y
- -3.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.55%
CVNA
- 1D
- 6.05%
- 1M
- -3.60%
- 6M
- -18.94%
- YTD
- -21.65%
- 1Y
- -10.10%
- 3Y*
- 93.78%
- 5Y*
- -0.02%
- 10Y*
- —
- ALL TIME*
- 41.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CVNA Carvana Co. | $810.45M | $691.17M | $727.84M |
| $343.61K | $342.30K | $714.98K |
CVNY vs. CVNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVNY YieldMax CVNA Option Income Strategy ETF | -16.15% | 52.13% |
CVNA Carvana Co. | -21.65% | 71.93% |
Correlation
The correlation between CVNY and CVNA is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.98 |
The correlation between CVNY and CVNA has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CVNY vs. CVNA — Risk / Return Rank
CVNY
CVNA
CVNY vs. CVNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) and Carvana Co. (CVNA). 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 | CVNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.25 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.19 | -0.46 | +0.28 |
Loading charts...
Drawdowns
CVNY vs. CVNA - Drawdown Comparison
The maximum CVNY drawdown since its inception was -43.27%, smaller than the maximum CVNA drawdown of -98.99%. Use the drawdown chart below to compare losses from any high point for CVNY and CVNA.
Loading charts...
Drawdown Indicators
| CVNY | CVNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.27% | -98.99% | +55.72% |
Max Drawdown (1Y)Largest decline over 1 year | -36.27% | -41.21% | +4.94% |
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 | -24.54% | -30.89% | +6.35% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -38.13% | +23.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.77% | 21.80% | -3.03% |
Volatility
CVNY vs. CVNA - Volatility Comparison
The current volatility for YieldMax CVNA Option Income Strategy ETF (CVNY) is 15.14%, while Carvana Co. (CVNA) has a volatility of 18.43%. This indicates that CVNY experiences smaller price fluctuations and is considered to be less risky than CVNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CVNY | CVNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 18.43% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 34.85% | 43.17% | -8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.05% | 60.51% | -10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.49% | 111.71% | -54.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.49% | 98.93% | -41.44% |
Dividends
CVNY vs. CVNA - Dividend Comparison
CVNY's dividend yield for the trailing twelve months is around 110.82%, while CVNA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CVNA Carvana Co. | 0.00% | 0.00% |
CVNY YieldMax CVNA Option Income Strategy ETF | 110.82% | 80.86% |
Frequently Asked Questions
With a correlation of 0.98, CVNY and CVNA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CVNA has higher volatility (18.43%) compared to CVNY (15.14%). In terms of maximum drawdown, CVNY dropped -43.27% vs CVNA's -98.99%.
CVNY currently has the higher Sharpe Ratio (-0.07 vs -0.17), 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.
Find the right allocation for CVNY and CVNA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer