CVNA vs SPY
Comparison between Carvana Co. - Class A (CVNA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed CVNA, delivering a return of +13.3% compared to -20.6%
CVNA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CVNA
$76B
Winner
SPY
$652B
Expense Ratio
CVNA
N/A
SPY
0.09%
Max Drawdown
CVNA
98.99%
Winner
SPY
56.47%
Sharpe Ratio
CVNA
-0.23
Winner
SPY
2.07
5Y Beta
CVNA
2.10
Winner
SPY
1.00
Industry
CVNA
Auto & Truck Dealerships
SPY
N/A
P/E Ratio
CVNA
44.44
Winner
SPY
28.24
Forward P/E
CVNA
54.35
Winner
SPY
21.85
PEG Ratio
CVNA
0.12
SPY
N/A
5Y Dividends CAGR
CVNA
N/A
SPY
5.43%
5Y EPS CAGR
CVNA
N/A
SPY
25.79%
Debt to Equity
Winner
CVNA
18.40%
SPY
22.35%
Free Cash Flow Yield
CVNA
1.16%
SPY
N/A
P/S Ratio
CVNA
3.67
Winner
SPY
3.55
P/B Ratio
CVNA
13.04
Winner
SPY
5.29
CVNA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
CVNA
-77.00%
Winner
SPY
+9.11%
3M
CVNA
-81.07%
Winner
SPY
+6.59%
6M
CVNA
-74.36%
Winner
SPY
+10.56%
1Y
CVNA
-72.71%
Winner
SPY
+32.04%
5Y(CAGR)
CVNA
-20.65%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
CVNA
+24.10%
SPY
+15.49%
Max(CAGR)
Winner
CVNA
+24.10%
SPY
+8.50%
CVNA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CVNA | SPY |
|---|---|---|
| 2026 | -80.53% | +8.27% |
| 2025 | +111.48% | +18.00% |
| 2024 | +316.12% | +25.59% |
| 2023 | +1043.41% | +26.72% |
| 2022 | -98.02% | -18.64% |
| 2021 | -1.90% | +30.52% |
| 2020 | +147.08% | +17.28% |
| 2019 | +185.34% | +31.09% |
| 2018 | +78.65% | -5.24% |
| 2017 | +72.25% | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
CVNA vs SPY Drawdown Comparison
The maximum drawdown for CVNA was -98.99%, occurring on Dec 27, 2022. Recovery took 997 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CVNA drawdown is -83.71%.
| Rank | CVNA | SPY |
|---|---|---|
| #1 | -98.99% Aug 10, 2021 - Jul 31, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -83.71% Jan 22, 2026 - May 8, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -73.34% Feb 21, 2020 - Jun 5, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -57.87% Sep 11, 2018 - Apr 30, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -46.56% Jun 26, 2017 - Apr 9, 2018 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -28.89% Mar 2, 2021 - Jul 6, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -27.47% Sep 1, 2020 - Oct 1, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -26.62% Oct 1, 2025 - Dec 4, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -24.10% Sep 5, 2019 - Oct 29, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -23.47% May 16, 2017 - Jun 7, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -23.06% May 9, 2019 - Aug 9, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -22.30% Oct 1, 2020 - Nov 23, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -21.44% Apr 28, 2017 - May 12, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -19.49% Dec 26, 2019 - Feb 19, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -19.38% Jan 14, 2021 - Feb 10, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CVNA and SPY is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.68
-101
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