CVNA vs VTI: Correlation
Carvana (CVNA) and Vanguard Total Stock Market ETF (VTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVNA and VTI?
Over the past 3 years, CVNA and VTI moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 586.2 %².
By 3-year correlation, VTI places #9 of the 35 assets tracked against CVNA. Correlation aside, the last 12 months split them widely, with VTI ahead by 19.9 points (+0.8% versus +20.7%). Stability stands out here, with the rolling one-year correlation confined to 0.41 through 0.65. Risk is not evenly split, since CVNA carries 5.0 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 VTI: side by side
| CVNA (Carvana) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +0.8% | +20.7% |
| 5-year return | +9.7% | +74.8% |
| Volatility (ann.) | 73.7% | 14.6% |
| Beta vs S&P 500 | 2.66 | 1.01 |
| Max drawdown (3Y) | -53.5% | -19.3% |
| Market cap | $82.1B | – |
| P/E (trailing) | 39.0 | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | Consumer Discretionary | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | CVNA | VTI |
|---|---|---|
| 2022 | -98.0% | -19.5% |
| 2023 | +1016.9% | +26.0% |
| 2024 | +284.1% | +23.8% |
| 2025 | +107.5% | +17.1% |
| 2026 | -12.2% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.06% of VTI is CVNA itself, so the fund partly moves with the stock by construction.
Are CVNA and VTI good diversifiers for each other?
Only partially. A correlation of 0.54 means CVNA and VTI 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 VTI?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.61 over the last year and 0.55 over 5 years.
Is VTI a good diversifier for CVNA?
Only partially. A correlation of 0.54 means CVNA and VTI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvna-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvna-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVNA correlations · VTI correlations
