YieldMax CVNA Option Income Strategy ETF (CVNY) — Stock Correlations & Overview
Over the past year, CVNY has moved most closely with CVNA, CARU, BUYZ. Explore the stocks most correlated and inversely correlated with CVNY below, along with its price, financials, and company profile.
Stocks correlated with CVNY
Correlation of daily returns. Higher positive values move with CVNY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CVNY
| Symbol | Company | Correlation |
|---|---|---|
| CVNA | Carvana Co.RETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.96 |
| CARU | MAX Auto Industry 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.62 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.60 |
| CDIG | City Different Investments Global Equity ETF | 0.60 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.59 |
Most inversely correlated with CVNY
| Symbol | Company | Correlation |
|---|---|---|
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.61 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.51 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.50 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.47 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.47 |
Frequently asked questions about CVNY correlations
- Which stocks are most correlated with CVNY?
- Based on one year of daily returns, the stocks most correlated with YieldMax CVNA Option Income Strategy ETF (CVNY) are CVNA (0.96), CARU (0.62) and BUYZ (0.60). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CVNY?
- Over the past year, the stocks most inversely correlated with YieldMax CVNA Option Income Strategy ETF (CVNY) are CARD (-0.61), WEBS (-0.51) and SCC (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CVNY correlations calculated?
- We compute the correlation of daily returns between CVNY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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