CVNY vs. MPLX
CVNY (YieldMax CVNA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while MPLX (MPLX LP) is a stock. Over the past year, CVNY returned 5.94% vs 17.34% for MPLX. At a 0.05 correlation, their price movements are largely independent.
Performance
CVNY vs. MPLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVNY achieves a -16.37% return, which is significantly lower than MPLX's 9.52% return.
CVNY
- 1D
- 3.36%
- 1M
- 0.39%
- YTD
- -16.37%
- 6M
- -19.84%
- 1Y
- 5.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPLX
- 1D
- -2.51%
- 1M
- -0.43%
- YTD
- 9.52%
- 6M
- 8.18%
- 1Y
- 17.34%
- 3Y*
- 29.36%
- 5Y*
- 24.43%
- 10Y*
- 15.49%
CVNY vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CVNY YieldMax CVNA Option Income Strategy ETF | -16.37% | 52.13% |
MPLX MPLX LP | 9.52% | 11.59% |
Correlation
The correlation between CVNY and MPLX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.05 |
The correlation between CVNY and MPLX shifts across timeframes, from -0.08 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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. MPLX — Risk / Return Rank
CVNY
MPLX
CVNY vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) and MPLX LP (MPLX). 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 | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.26 | -2.09 |
| Martin ratioReturn relative to average drawdown | 0.35 | 5.22 | -4.87 |
Loading charts...
Drawdowns
CVNY vs. MPLX - Drawdown Comparison
The maximum CVNY drawdown since its inception was -43.27%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for CVNY and MPLX.
Loading charts...
Drawdown Indicators
| CVNY | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.27% | -85.72% | +42.45% |
Max Drawdown (1Y)Largest decline over 1 year | -36.27% | -7.71% | -28.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.21% | — |
Current DrawdownCurrent decline from peak | -24.74% | -3.12% | -21.62% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -29.89% | +16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 3.33% | +13.59% |
Volatility
CVNY vs. MPLX - Volatility Comparison
YieldMax CVNA Option Income Strategy ETF (CVNY) has a higher volatility of 15.83% compared to MPLX LP (MPLX) at 5.36%. This indicates that CVNY's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CVNY | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.83% | 5.36% | +10.47% |
Volatility (6M)Calculated over the trailing 6-month period | 37.03% | 11.57% | +25.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.85% | 16.02% | +33.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.96% | 19.38% | +38.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.96% | 30.62% | +27.34% |
Dividends
CVNY vs. MPLX - Dividend Comparison
CVNY's dividend yield for the trailing twelve months is around 111.14%, more than MPLX's 7.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MPLX MPLX LP | 7.44% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Frequently Asked Questions
CVNY and MPLX have a correlation of -0.08, 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 MPLX (5.36%). In terms of maximum drawdown, CVNY dropped -43.27% vs MPLX's -85.72%.
MPLX currently has the higher Sharpe Ratio (1.09 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.
Find the right allocation for CVNY and MPLX
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