CET vs CVNA: Correlation
Central Securities Corporation (CET) and Carvana (CVNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CET and CVNA?
On 3 years of weekly data the CET/CVNA correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 489.8 %².
Among the 38 assets we track against CET, CVNA ranks #18 by 3-year correlation. On 12-month performance CET holds a 14.9-point edge, +15.7% against +0.8%. Risk is not evenly split, since CVNA carries 5.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CET vs CVNA: side by side
| CET (Central Securities Corporation) | CVNA (Carvana) | |
|---|---|---|
| 1-year return | +15.7% | +0.8% |
| 5-year return | +73.3% | +9.7% |
| Volatility (ann.) | 12.8% | 73.7% |
| Beta vs S&P 500 | 0.78 | 2.66 |
| Max drawdown (3Y) | -15.4% | -53.5% |
| Market cap | – | $82.1B |
| P/E (trailing) | 7.3 | 39.0 |
| Dividend yield | 5.03% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CET | CVNA |
|---|---|---|
| 2022 | -19.7% | -98.0% |
| 2023 | +19.2% | +1016.9% |
| 2024 | +26.8% | +284.1% |
| 2025 | +17.2% | +107.5% |
| 2026 | +8.3% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CET and CVNA good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CET and CVNA?
The CET/CVNA correlation stands at 0.52 on a 3-year window (1 year: 0.58, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is CVNA a good diversifier for CET?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CET correlations · CVNA correlations
