OPEN vs. CVNA

Last updated Apr 1, 2026

Compare and contrast key facts about Opendoor Technologies Inc. (OPEN) and Carvana Co. (CVNA).

Performance

OPEN vs. CVNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opendoor Technologies Inc. (OPEN) and Carvana Co. (CVNA). The values are adjusted to include any dividend payments, if applicable.

OPEN vs. CVNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OPEN Opendoor Technologies Inc.	-19.73%	276.52%	-64.29%	286.21%	-92.06%	-35.72%	110.39%
CVNA Carvana Co.	-25.51%	107.52%	284.13%	1,016.88%	-97.96%	-3.24%	94.78%

Fundamentals

Market Cap OPEN : $3.59B CVNA : $70.90B
EPS OPEN : -$1.74 CVNA : $8.20
PS Ratio OPEN : 0.80 CVNA : 2.66
PB Ratio OPEN : 3.57 CVNA : 20.60
Total Revenue (TTM) OPEN : $4.37B CVNA : $20.32B
Gross Profit (TTM) OPEN : $350.00M CVNA : $4.19B
EBITDA (TTM) OPEN : -$287.00M CVNA : $1.98B

Returns By Period

In the year-to-date period, OPEN achieves a -19.73% return, which is significantly higher than CVNA's -25.51% return.

OPEN

• 1D: 5.64%
• 1M: -13.65%
• YTD: -19.73%
• 6M: -39.32%
• 1Y: 374.12%
• 3Y*: 40.06%
• 5Y*: -25.97%
• 10Y*: —

CVNA

• 1D: 8.11%
• 1M: -5.92%
• YTD: -25.51%
• 6M: -16.66%
• 1Y: 50.36%
• 3Y*: 217.85%
• 5Y*: 3.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

OPEN vs. CVNA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OPEN

OPEN Risk / Return Rank: 92
OPEN Sharpe Ratio Rank: 93
OPEN Sortino Ratio Rank: 95
OPEN Omega Ratio Rank: 91
OPEN Calmar Ratio Rank: 95
OPEN Martin Ratio Rank: 88

CVNA

CVNA Risk / Return Rank: 68
CVNA Sharpe Ratio Rank: 68
CVNA Sortino Ratio Rank: 66
CVNA Omega Ratio Rank: 66
CVNA Calmar Ratio Rank: 69
CVNA Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OPEN vs. CVNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opendoor Technologies Inc. (OPEN) 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.

	OPEN	CVNA	Difference
Sharpe ratio Return per unit of total volatility	2.28	0.73	+1.55
Sortino ratio Return per unit of downside risk	3.46	1.38	+2.08
Omega ratio Gain probability vs. loss probability	1.40	1.19	+0.21
Calmar ratio Return relative to maximum drawdown	5.71	1.31	+4.40
Martin ratio Return relative to average drawdown	9.41	3.51	+5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OPEN vs. CVNA - Sharpe Ratio Comparison

The current OPEN Sharpe Ratio is 2.28, which is higher than the CVNA Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of OPEN and CVNA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OPEN	CVNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.73	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	0.03	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.46	-0.57

Correlation

The correlation between OPEN and CVNA is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OPEN vs. CVNA - Dividend Comparison

Neither OPEN nor CVNA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

OPEN vs. CVNA - Drawdown Comparison

The maximum OPEN drawdown since its inception was -98.57%, roughly equal to the maximum CVNA drawdown of -98.99%. Use the drawdown chart below to compare losses from any high point for OPEN and CVNA.

Drawdown Indicators

	OPEN	CVNA	Difference
Max Drawdown Largest peak-to-trough decline	-98.57%	-98.99%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-57.47%	-41.21%	-16.26%
Max Drawdown (5Y) Largest decline over 5 years	-97.93%	-98.99%	+1.06%
Current Drawdown Current decline from peak	-86.52%	-34.29%	-52.23%
Average Drawdown Average peak-to-trough decline	-74.23%	-38.39%	-35.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.84%	15.31%	+19.53%

Volatility

OPEN vs. CVNA - Volatility Comparison

Opendoor Technologies Inc. (OPEN) has a higher volatility of 21.42% compared to Carvana Co. (CVNA) at 18.52%. This indicates that OPEN's price experiences larger fluctuations and is considered to be riskier than CVNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPEN	CVNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.42%	18.52%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	64.21%	48.03%	+16.18%
Volatility (1Y) Calculated over the trailing 1-year period	165.92%	69.29%	+96.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.89%	111.13%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.60%	99.97%	+11.63%

Financials