CVNA correlations (Carvana)
CVNA measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Consumer Discretionary · Automotive Retail
Volatility (ann.)
73.7%
3y weekly
Beta vs S&P 500
2.66
3y weekly
1-year return
+0.8%
price, adjusted
5-year return
+9.7%
price, adjusted
Market cap
$82.1B
latest
P/E ratio
39.0
trailing
Max drawdown
-53.5%
3y, daily closes
CVNA over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with CVNA
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| MDY | SPDR S&P MidCap 400 ETF | 0.57 | |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 0.56 | |
| ASG | Liberty All-Star Growth Fund, Inc. | 0.56 | |
| IWM | iShares Russell 2000 ETF | 0.55 | |
| VTI | Vanguard Total Stock Market ETF | 0.54 | |
| BNT | Brookfield Wealth Solutions Ltd. Class A Exchangeable | 0.54 | |
| BN | Brookfield Corporation Class A Limited Voting Shares | 0.54 | |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.54 | |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.54 | |
| BA | Boeing | 0.53 | |
| VT | Vanguard Total World Stock ETF | 0.52 | |
| IVV | iShares Core S&P 500 ETF | 0.52 | |
| SPY | SPDR S&P 500 ETF Trust | 0.52 | |
| VOO | Vanguard S&P 500 ETF | 0.52 | |
| CET | Central Securities Corporation | 0.52 |
Best diversifiers for CVNA
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from CVNA.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.47 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.40 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.39 | |
| ACON | Aclarion, Inc. | -0.22 | |
| MNDR | Mobile-health Network Solutions - Class A | -0.21 | |
| SUNE | SUNation Energy, Inc. | -0.20 | |
| EQNR | Equinor ASA | -0.19 | |
| MEGL | Magic Empire Global Limited - Class A | -0.18 | |
| LICN | Lichen International Limited - Class A | -0.16 | |
| BRN | Barnwell Industries, Inc. | -0.16 |
CVNA vs benchmarks
CVNA vs its peers
Get CVNA data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/cvna.jsonCorrelations, diversifiers, beta and volatility for CVNA, plus one endpoint per pair. API documentation.
CVNA inside major ETFs
| ETF | CVNA weight | |
|---|---|---|
| XLY | Consumer Discretionary Select Sector SPDR Fund | 1.32% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.2% |
| VUG | Vanguard Growth ETF | 0.14% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.09% |
| IVV | iShares Core S&P 500 ETF | 0.08% |
| SPY | SPDR S&P 500 ETF Trust | 0.08% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.08% |
| VOO | Vanguard S&P 500 ETF | 0.07% |
| VTI | Vanguard Total Stock Market ETF | 0.06% |
| ACWI | iShares MSCI ACWI ETF | 0.05% |
