CVNY vs TMNL

Comparison between YIELDMAX(R) CVNA OPTION INCOME STRATEGY ETF (CVNY, ETF) and T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF).

CVNY vs TMNL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVNY(ETF)	TMNL(ETF)
Net Assets	$27M	$23M
Expense Ratio	1.09%	0.26%
Max Drawdown	62.11%	3.18%
Sharpe Ratio	0.21	0.30
5Y Beta	1.86	0.13

Net Assets

Winner

CVNY

$27M

TMNL

$23M

Expense Ratio

CVNY

1.09%

Winner

TMNL

0.26%

Max Drawdown

CVNY

62.11%

Winner

TMNL

3.18%

Sharpe Ratio

CVNY

0.21

Winner

TMNL

0.30

5Y Beta

CVNY

1.86

Winner

TMNL

0.13

CVNY vs TMNL - Historical Returns

Returns include dividend reinvestment.

Period	CVNY	TMNL
1 month	-11.40%	+0.73%
3 months	+10.80%	+1.60%
6 months	-25.01%	+2.75%
1 year	+2.95%	N/A
Max(CAGR)	+19.85%	+4.89%

CVNY

-11.40%

Winner

TMNL

+0.73%

Winner

CVNY

+10.80%

TMNL

+1.60%

CVNY

-25.01%

Winner

TMNL

+2.75%

CVNY

+2.95%

TMNL

N/A

Max(CAGR)

Winner

CVNY

+19.85%

TMNL

+4.89%

CVNY vs TMNL - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CVNY	TMNL
2026	-16.01%	+2.28%
2025	+59.67%	+0.34%

CVNY vs TMNL Drawdown Comparison

The maximum drawdown for CVNY was -41.61%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The maximum drawdown for TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.

The current CVNY drawdown is -27.88%. The current TMNL drawdown is -0.18%.

Rank	CVNY	TMNL
#1	-41.61% Feb 18, 2025 - May 13, 2025	-2.94% Feb 26, 2026 - Jun 1, 2026
#2	-36.24% Jan 27, 2026 - Mar 20, 2026	-0.56% Nov 26, 2025 - Jan 5, 2026
#3	-21.17% Oct 1, 2025 - Dec 3, 2025	-0.54% Jan 14, 2026 - Jan 30, 2026
#4	-13.91% Jun 4, 2025 - Jul 7, 2025	-0.44% Jun 4, 2026 - Jun 10, 2026
#5	-13.66% Dec 11, 2025 - Jan 22, 2026	-0.25% Jan 9, 2026 - Jan 14, 2026
#6	-10.61% Jul 31, 2025 - Sep 19, 2025	-0.22% Feb 10, 2026 - Feb 12, 2026
#7	-6.30% Jul 7, 2025 - Jul 31, 2025	-0.20% Jun 2, 2026 - Jun 4, 2026
#8	-4.32% Sep 19, 2025 - Sep 29, 2025	-0.16% Jan 7, 2026 - Jan 9, 2026
#9	-3.59% Sep 29, 2025 - Oct 1, 2025	-0.15% Feb 5, 2026 - Feb 9, 2026
#10	-2.92% May 20, 2025 - May 22, 2025	-0.08% Feb 2, 2026 - Feb 5, 2026
#11	-1.86% May 14, 2025 - May 19, 2025	-0.08% Feb 24, 2026 - Feb 26, 2026
#12	-1.14% Feb 11, 2025 - Feb 13, 2025	-0.05% Nov 20, 2025 - Nov 24, 2025
#13	-0.78% May 28, 2025 - May 30, 2025	-0.03% Feb 17, 2026 - Feb 19, 2026
#14	-0.68% Jan 22, 2026 - Jan 27, 2026	-0.01% Feb 19, 2026 - Feb 24, 2026

Correlation

Correlation between CVNY and TMNL is -0.31 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.31

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