PI vs. CVNA
PI (Impinj, Inc.) and CVNA (Carvana Co.) are both stocks. PI operates in Communication Equipment (Technology), while CVNA operates in Internet Retail (Consumer Cyclical). Over the past 5 years, PI returned 22.46%/yr vs 2.60%/yr for CVNA. At a 0.32 correlation, their price movements are largely independent.
Performance
PI vs. CVNA - Performance Comparison
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Returns By Period
In the year-to-date period, PI achieves a -20.83% return, which is significantly higher than CVNA's -24.59% return.
PI
- 1D
- -3.84%
- 1M
- -3.79%
- YTD
- -20.83%
- 6M
- -16.09%
- 1Y
- 14.49%
- 3Y*
- 9.92%
- 5Y*
- 22.46%
- 10Y*
- —
CVNA
- 1D
- -2.97%
- 1M
- -15.48%
- YTD
- -24.59%
- 6M
- -19.43%
- 1Y
- -6.43%
- 3Y*
- 172.78%
- 5Y*
- 2.60%
- 10Y*
- —
PI vs. CVNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PI Impinj, Inc. | -20.83% | 19.79% | 61.35% | -17.54% | 23.09% | 111.85% | 61.91% | 77.73% | -35.42% | -39.89% |
CVNA Carvana Co. | -24.59% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 72.25% |
Correlation
The correlation between PI and CVNA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 1, 2017 | 0.32 |
The correlation between PI and CVNA shifts across timeframes, from 0.22 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PI:
$4.17B
CVNA:
$9.43B
PI:
-$0.93
CVNA:
$8.69
PI:
11.39
CVNA:
0.47
PI:
20.47
CVNA:
2.53
PI:
$361.05M
CVNA:
$22.52B
PI:
$188.92M
CVNA:
$4.50B
PI:
-$4.74M
CVNA:
-$116.00M
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Return for Risk
PI vs. CVNA — Risk / Return Rank
PI
CVNA
PI vs. CVNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impinj, Inc. (PI) 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.
| PI | CVNA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | -0.11 | +0.30 |
Sortino ratioReturn per unit of downside risk | 0.85 | 0.26 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.16 | +0.39 |
Martin ratioReturn relative to average drawdown | 0.43 | -0.35 | +0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PI | CVNA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | -0.11 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.02 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.45 | -0.14 |
Drawdowns
PI vs. CVNA - Drawdown Comparison
The maximum PI drawdown since its inception was -81.35%, smaller than the maximum CVNA drawdown of -98.99%. Use the drawdown chart below to compare losses from any high point for PI and CVNA.
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Drawdown Indicators
| PI | CVNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -98.99% | +17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -62.24% | -41.21% | -21.03% |
Max Drawdown (3Y)Largest decline over 3 years | -73.79% | -53.47% | -20.32% |
Max Drawdown (5Y)Largest decline over 5 years | -73.79% | -98.99% | +25.20% |
Current DrawdownCurrent decline from peak | -43.05% | -33.48% | -9.57% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -38.11% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.42% | 18.24% | +15.18% |
Volatility
PI vs. CVNA - Volatility Comparison
Impinj, Inc. (PI) has a higher volatility of 16.57% compared to Carvana Co. (CVNA) at 15.52%. This indicates that PI'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.
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Volatility by Period
| PI | CVNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.57% | 15.52% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 56.01% | 43.03% | +12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.19% | 59.47% | +14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.34% | 111.18% | -41.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.86% | 99.27% | -26.41% |
Dividends
PI vs. CVNA - Dividend Comparison
Neither PI nor CVNA has paid dividends to shareholders.
Financials
PI vs. CVNA - Financials Comparison
This section allows you to compare key financial metrics between Impinj, Inc. and Carvana Co.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PI vs. CVNA - Profitability Comparison
PI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Impinj, Inc. reported a gross profit of 36.46M and revenue of 74.25M. Therefore, the gross margin over that period was 49.1%.
CVNA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a gross profit of 1.27B and revenue of 6.43B. Therefore, the gross margin over that period was 19.8%.
PI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Impinj, Inc. reported an operating income of -15.17M and revenue of 74.25M, resulting in an operating margin of -20.4%.
CVNA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported an operating income of 581.00M and revenue of 6.43B, resulting in an operating margin of 9.0%.
PI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Impinj, Inc. reported a net income of -25.26M and revenue of 74.25M, resulting in a net margin of -34.0%.
CVNA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a net income of 250.00M and revenue of 6.43B, resulting in a net margin of 3.9%.
Frequently Asked Questions
PI and CVNA have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PI has higher volatility (16.57%) compared to CVNA (15.52%). In terms of maximum drawdown, PI dropped -81.35% vs CVNA's -98.99%.
PI currently has the higher Sharpe Ratio (0.20 vs -0.11), 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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