VPX vs. CNAV
VPX (Variant Perception Cycle Aware US Equity ETF) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VPX charges 0.75%/yr vs 1.31%/yr for CNAV.
Performance
VPX vs. CNAV - Performance Comparison
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Returns By Period
VPX
- 1D
- -1.52%
- 1M
- -0.60%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CNAV
- 1D
- -3.98%
- 1M
- -23.22%
- 6M
- 8.11%
- YTD
- 15.70%
- 1Y
- 27.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $291.23K | $389.86K | $340.83K | |
| $182.48K | $205.20K | $111.23K |
VPX vs. CNAV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VPX Variant Perception Cycle Aware US Equity ETF | 18.21% |
CNAV Mohr Company Nav ETF | 10.86% |
Correlation
The correlation between VPX and CNAV is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.78 |
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Return for Risk
VPX vs. CNAV — Risk / Return Rank
VPX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNAV
VPX vs. CNAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Variant Perception Cycle Aware US Equity ETF (VPX) 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.
| VPX | CNAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.05 | — |
| Martin ratioReturn relative to average drawdown | — | 4.94 | — |
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Drawdowns
VPX vs. CNAV - Drawdown Comparison
The maximum VPX drawdown since its inception was -5.91%, smaller than the maximum CNAV drawdown of -30.06%. Use the drawdown chart below to compare losses from any high point for VPX and CNAV.
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Drawdown Indicators
| VPX | CNAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.91% | -30.06% | +24.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.80% | — |
Current DrawdownCurrent decline from peak | -2.39% | -25.80% | +23.41% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -5.78% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.49% | — |
Volatility
VPX vs. CNAV - Volatility Comparison
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Volatility by Period
| VPX | CNAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 33.61% | -17.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 31.10% | -15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 31.10% | -15.31% |
VPX vs. CNAV - Expense Ratio Comparison
VPX has a 0.75% expense ratio, which is lower than CNAV's 1.31% expense ratio.
Dividends
VPX vs. CNAV - Dividend Comparison
Neither VPX nor CNAV has paid dividends to shareholders.
Frequently Asked Questions
VPX and CNAV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VPX is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VPX is cheaper with a 0.75% expense ratio, compared with 1.31% for CNAV.
VPX and CNAV have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Variant Perception and Mohr. Their fees differ too: 0.75% for VPX and 1.31% for CNAV.
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