CVNY vs. ENFR
CVNY (YieldMax CVNA Option Income Strategy ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - CVNY is a Derivative Income fund actively managed by YieldMax, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. CVNY is actively managed, while ENFR is passively managed. Over the past year, CVNY returned 6.92% vs 24.84% for ENFR. At a 0.01 correlation, their price movements are largely independent. CVNY charges 0.99%/yr vs 0.35%/yr for ENFR.
Performance
CVNY vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, CVNY achieves a -17.17% return, which is significantly lower than ENFR's 23.07% return.
CVNY
- 1D
- -0.12%
- 1M
- -0.57%
- YTD
- -17.17%
- 6M
- -19.03%
- 1Y
- 6.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- 1.01%
- 1M
- -5.94%
- YTD
- 23.07%
- 6M
- 24.76%
- 1Y
- 24.84%
- 3Y*
- 28.26%
- 5Y*
- 19.69%
- 10Y*
- 11.81%
CVNY vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVNY YieldMax CVNA Option Income Strategy ETF | -17.17% | 52.13% |
ENFR Alerian Energy Infrastructure ETF | 23.07% | 1.36% |
Correlation
The correlation between CVNY and ENFR is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.01 |
The correlation between CVNY and ENFR shifts across timeframes, from -0.18 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CVNY vs. ENFR — Risk / Return Rank
CVNY
ENFR
CVNY vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) and Alerian Energy Infrastructure ETF (ENFR). 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 | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.29 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.89 | -2.69 |
| Martin ratioReturn relative to average drawdown | 0.41 | 7.40 | -6.99 |
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Drawdowns
CVNY vs. ENFR - Drawdown Comparison
The maximum CVNY drawdown since its inception was -43.27%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for CVNY and ENFR.
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Drawdown Indicators
| CVNY | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.27% | -68.28% | +25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -36.27% | -8.64% | -27.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -25.46% | -6.12% | -19.34% |
Average DrawdownAverage peak-to-trough decline | -13.80% | -15.94% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 3.36% | +13.40% |
Volatility
CVNY vs. ENFR - Volatility Comparison
YieldMax CVNA Option Income Strategy ETF (CVNY) has a higher volatility of 16.12% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.42%. This indicates that CVNY's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVNY | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 5.42% | +10.70% |
Volatility (6M)Calculated over the trailing 6-month period | 36.95% | 11.57% | +25.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.79% | 14.82% | +34.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.03% | 19.24% | +38.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.03% | 24.68% | +33.35% |
CVNY vs. ENFR - Expense Ratio Comparison
CVNY has a 0.99% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
CVNY vs. ENFR - Dividend Comparison
CVNY's dividend yield for the trailing twelve months is around 112.21%, more than ENFR's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVNY YieldMax CVNA Option Income Strategy ETF | 112.21% | 80.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENFR Alerian Energy Infrastructure ETF | 4.08% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
Frequently Asked Questions
CVNY and ENFR have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVNY has higher volatility (16.12%) compared to ENFR (5.42%). In terms of maximum drawdown, CVNY dropped -43.27% vs ENFR's -68.28%.
On 1-year performance, ENFR leads with 24.84% vs 6.92% for CVNY. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ENFR has performed better with a 24.84% return vs 6.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ENFR is cheaper with a 0.35% expense ratio, compared with 0.99% for CVNY.
CVNY has the higher dividend yield at 112.21%, compared with 4.08% for ENFR.
CVNY is categorized as Derivative Income, while ENFR is Energy Equities. They also come from different issuers: YieldMax and SS&C. Their fees differ too: 0.99% for CVNY and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.69 vs 0.14), 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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