FDRS vs. CNAV
FDRS (Founder-Led ETF) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. FDRS is passively managed, while CNAV is actively managed. At a 0.45 correlation, their price movements are largely independent. FDRS charges 0.49%/yr vs 1.31%/yr for CNAV.
Performance
FDRS vs. CNAV - Performance Comparison
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Returns By Period
In the year-to-date period, FDRS achieves a -8.02% return, which is significantly lower than CNAV's 45.28% return.
FDRS
- 1D
- -1.06%
- 1M
- -4.38%
- YTD
- -8.02%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNAV
- 1D
- -0.60%
- 1M
- 9.65%
- YTD
- 45.28%
- 6M
- 42.61%
- 1Y
- 68.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDRS vs. CNAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDRS Founder-Led ETF | -8.02% | -1.34% |
CNAV Mohr Company Nav ETF | 45.28% | -1.39% |
Correlation
The correlation between FDRS and CNAV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.45 |
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Return for Risk
FDRS vs. CNAV — Risk / Return Rank
FDRS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNAV
FDRS vs. CNAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) and Mohr Company Nav ETF (CNAV). 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.
| FDRS | CNAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.32 | — |
| Martin ratioReturn relative to average drawdown | — | 20.82 | — |
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Drawdowns
FDRS vs. CNAV - Drawdown Comparison
The maximum FDRS drawdown since its inception was -21.77%, smaller than the maximum CNAV drawdown of -30.06%. Use the drawdown chart below to compare losses from any high point for FDRS and CNAV.
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Drawdown Indicators
| FDRS | CNAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -30.06% | +8.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.97% | — |
Current DrawdownCurrent decline from peak | -12.40% | -6.83% | -5.57% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -5.39% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.31% | — |
Volatility
FDRS vs. CNAV - Volatility Comparison
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Volatility by Period
| FDRS | CNAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.05% | 28.97% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.05% | 28.99% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.05% | 28.99% | +0.06% |
FDRS vs. CNAV - Expense Ratio Comparison
FDRS has a 0.49% expense ratio, which is lower than CNAV's 1.31% expense ratio.
Dividends
FDRS vs. CNAV - Dividend Comparison
Neither FDRS nor CNAV has paid dividends to shareholders.
Frequently Asked Questions
FDRS and CNAV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDRS is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDRS is cheaper with a 0.49% expense ratio, compared with 1.31% for CNAV.
FDRS and CNAV have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Corgi Strategies and Mohr. Their fees differ too: 0.49% for FDRS and 1.31% for CNAV.
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