CVNA vs VT: Correlation
How closely do Carvana (CVNA) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVNA and VT?
On 3 years of weekly data the CVNA/VT correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 536.0 %².
By 3-year correlation, VT places #15 of the 35 assets tracked against CVNA. The last year tells two different stories: VT led by 21.9 percentage points, +0.8% for CVNA against +22.7% for VT. The rolling one-year correlation moved between 0.38 and 0.63 over the past three years, a moderate range. Risk is not evenly split, since CVNA carries 5.3 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.
CVNA vs VT: side by side
| CVNA (Carvana) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +0.8% | +22.7% |
| 5-year return | +9.7% | +67.7% |
| Volatility (ann.) | 73.7% | 13.9% |
| Beta vs S&P 500 | 2.66 | 0.92 |
| Max drawdown (3Y) | -53.5% | -16.5% |
| Market cap | $82.1B | – |
| P/E (trailing) | 39.0 | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Consumer Discretionary | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | CVNA | VT |
|---|---|---|
| 2022 | -98.0% | -18.0% |
| 2023 | +1016.9% | +22.0% |
| 2024 | +284.1% | +16.5% |
| 2025 | +107.5% | +22.4% |
| 2026 | -12.2% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVNA and VT good diversifiers for each other?
Only partially. A correlation of 0.52 means CVNA and VT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CVNA and VT?
As of 2026-08-27, the correlation of weekly returns between CVNA and VT is 0.52 over 3 years, 0.57 over 1 year and 0.52 over 5 years.
Is VT a good diversifier for CVNA?
Only partially. A correlation of 0.52 means CVNA and VT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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.
Use this data
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Related comparisons
Hubs: CVNA correlations · VT correlations
