Overview Performance Metrics Financials ETFs Industry Splits Correlations

22 Stocks and 78 ETFs for diversifying Carvana (CVNA)

The least correlated asset to Carvana (CVNA) is ETF TNGY (TORTOISE ENERGY ETF). The correlation is -0.7514.

Stocks that lowly correlated with CVNA

Symbol	Name	Market cap	Sector	Industry	Correlation
RNERU	Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)	$125M	N/A	N/A	-0.67
TACH	Titan Acquisition Corp - Class A	$286M	Financial Services	Shell Companies	-0.59
LIONU	Lionheart III Corp - Units (1 Ord Share Class A & 1/2 War)	$113M	N/A	N/A	-0.57
RDAG	Republic Digital Acquisition Co. - Class A	$310M	Financial Services	Shell Companies	-0.55
QSEA	Quartzsea Acquisition Corp	$87M	Financial Services	Shell Companies	-0.53
EMA	Emera Incorporated	$16B	Utilities	Utilities - Regulated Electric	-0.46
TMDE	TMD Energy Ltd	$18M	Energy	Oil & Gas Midstream	-0.46
NCI	Neo Concept International Group Holdings Ltd	$22M	Consumer Cyclical	Apparel Manufacturing	-0.46
LINE	Lineage Inc	$9.85B	Real Estate	Reit - Industrial	-0.43
NCT	Intercont (Cayman) Ltd	$2.61M	Industrials	Marine Shipping	-0.42
CHPG	ChampionsGate Acquisition Corp - Class A	$77M	Financial Services	Shell Companies	-0.42
PXDT	Pixie Dust Technologies Inc	$8.62M	Technology	Consumer Electronics	-0.42
RAAQ	Real Asset Acquisition Corp - Class A	$196M	Financial Services	Shell Companies	-0.42
MNDR	Mobile health Network Solutions - Class A	$165K	Healthcare	Health Information Services	-0.41
GSHR	Gesher Acquisition Corp II - Class A	$155M	Financial Services	Shell Companies	-0.40
BMGL	Basel Medical Group Ltd	$11M	Healthcare	Medical Care Facilities	-0.38
WTF	Waton Financial Ltd	$141M	Financial Services	Capital Markets	-0.37
KG	KING PHARMACEUTICALS INC	$85M	Financial Services	Insurance - Reinsurance	-0.37
CHPGU	ChampionsGate Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$19M	Financial Services	Shell Companies	-0.36
PC	Premium Catering (Holdings) Ltd	$30M	Industrials	Specialty Business Services	-0.36
ENGS	Energys Group Ltd	$12M	Industrials	Waste Management	-0.36
MGRM	Monogram Technologies Inc	$213M	Healthcare	Medical Devices	-0.35

ETFs that lowly correlated with CVNA

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
TNGY	TORTOISE ENERGY ETF	$600M	0.85%	Dec 27, 2010	-0.75
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$10M	N/A	Nov 7, 2019	-0.67
SCC	ProShares UltraShort Consumer Discretionary	$6.20M	N/A	Jan 30, 2007	-0.62
PLTD	T-REX 2X INVERSE PLTR DAILY TARGET ETF	$29M	0.98%	Dec 10, 2024	-0.60
METD	DIREXION DAILY META BEAR 1X SHARES	$8.60M	1.02%	Jun 5, 2024	-0.60
RFIX	Simplify Downside Interest Rate Hedge Strategy ETF	$56M	0.50%	Dec 9, 2024	-0.59
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.59
TSLS	Direxion Daily TSLA Bear 1X Shares	$76M	0.95%	Aug 8, 2022	-0.58
PSQ	ProShares Short QQQ -1x Shares	$519M	0.95%	Jun 19, 2006	-0.57
XOMX	Direxion Daily XOM Bull 2X Shares	$7.90M	N/A	Apr 22, 2025	-0.57
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$14M	1.11%	Aug 14, 2024	-0.56
SKRE	TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF	$9.60M	N/A	Jan 3, 2024	-0.54
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$68M	0.92%	Nov 5, 2021	-0.54
TWM	ProShares UltraShort Russell2000 -2x Shares	$47M	N/A	Jan 23, 2007	-0.53
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$17M	1.02%	Sep 6, 2022	-0.53
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$9.80M	1.05%	Jul 23, 2024	-0.53
RWM	PROSHARES SHORT RUSSELL2000	$143M	0.95%	Jan 23, 2007	-0.53
SDS	ProShares UltraShort S&P500 -2x Shares	$443M	N/A	Jul 11, 2006	-0.52
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$220M	0.48%	Jun 8, 2016	-0.52
SH	ProShares Short S&P500 -1x Shares	$1.20B	0.89%	Jun 19, 2006	-0.52
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$19M	N/A	Nov 7, 2019	-0.51
MYY	PROSHARES SHORT MIDCAP400	$2.70M	0.95%	Jun 19, 2006	-0.50
SETH	ProShares Short Ether ETF	$16M	0.95%	Nov 1, 2023	-0.49
MZZ	PROSHARES ULTRASHORT MIDCAP400	$734K	N/A	Jul 11, 2006	-0.49
SBB	ProShares Short SmallCap600 -1x Shares	$4.10M	0.95%	Jan 23, 2007	-0.48
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	$26M	N/A	Jul 9, 2024	-0.48
ETHD	ProShares UltraShort Ether ETF	$84M	N/A	Jun 6, 2024	-0.48
REW	ProShares UltraShort Technology -2x Shares	$3.70M	N/A	Jan 30, 2007	-0.48
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.60M	N/A	Jan 23, 2007	-0.48
SKF	ProShares UltraShort Financials -2x Shares	$16M	N/A	May 23, 2007	-0.48
RSBY	RETURN STACKED(R) BONDS & FUTURES YIELD ETF	$78M	1.01%	Aug 20, 2024	-0.47
SEF	ProShares Short Financials -1x Shares	$18M	0.95%	Jun 10, 2008	-0.47
SIJ	ProShares UltraShort Industrials -2x Shares	$6.20M	N/A	Jan 30, 2007	-0.47
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$9M	6.22%	Jul 10, 2018	-0.46
UVIX	2x Long VIX Futures ETF	$499M	N/A	Mar 28, 2022	-0.46
QID	PROSHARES ULTRASHORT QQQ	$279M	N/A	Jul 11, 2006	-0.46
TSLQ	Tradr 2X Short TSLA Daily ETF	$159M	N/A	Jul 13, 2022	-0.45
AIBD	DIREXION DAILY AI AND BIG DATA BEAR 2X SHARES	$4.20M	N/A	May 15, 2024	-0.45
TSLI	GRANITESHARES 1X SHORT TSLA DAILY ETF	$4M	N/A	Sep 8, 2025	-0.45
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$75M	N/A	Aug 21, 2023	-0.44
REK	PROSHARES SHORT REAL ESTATE	$12M	0.95%	Mar 16, 2010	-0.44
SRS	ProShares UltraShort Real Estate -2x Shares	$17M	N/A	Jan 30, 2007	-0.43
BNKD	Bank of Montreal	$1.40M	N/A	Feb 20, 2025	-0.43
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$23M	0.50%	Mar 6, 2024	-0.43
TUA	SIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF	$802M	0.25%	Nov 14, 2022	-0.43
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.43
SBIT	ProShares UltraShort Bitcoin ETF	$183M	N/A	Apr 1, 2024	-0.43
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$33M	N/A	Jul 16, 2009	-0.43
NVDQ	T-Rex 2X Inverse NVIDIA Daily Target ETF	$36M	N/A	Oct 18, 2023	-0.43
NVDS	Tradr 1.5X Short NVDA Daily ETF	$23M	N/A	Jul 13, 2022	-0.42
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.42
FNGD	Bank of Montreal	$68M	N/A	Jan 22, 2018	-0.42
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$39M	1.05%	Jul 9, 2024	-0.42
SJB	PROSHARES SHORT HIGH YIELD	$103M	0.95%	Mar 21, 2011	-0.42
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$2.90M	0.65%	Nov 14, 2017	-0.41
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$23M	1.01%	Sep 12, 2023	-0.41
CLIP	GLOBAL X 1-3 MONTH T-BILL ETF	$2.50B	0.07%	Jun 20, 2023	-0.41
QBER	TRUESHARES QUARTERLY BEAR HEDGE ETF	$62M	0.79%	Jun 28, 2024	-0.40
LFAI	LifeX 2050 Longevity Income ETF	$4.50M	0.25%	Jan 8, 2024	-0.40
LFAO	LifeX 2055 Longevity Income ETF	$4.30M	0.25%	Jan 8, 2024	-0.40
BILZ	PIMCO ULTRA SHORT GOVERNMENT ACTIVE EXCHANGE-TRADED FUND	$874M	0.14%	Jun 21, 2023	-0.39
LFAW	LifeX 2060 Longevity Income ETF	$3.40M	0.25%	Jan 8, 2024	-0.39
DXD	PROSHARES ULTRASHORT DOW30	$51M	N/A	Jul 11, 2006	-0.39
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.39
CONI	GRANITESHARES 2X SHORT COIN DAILY ETF	$17M	N/A	Sep 4, 2024	-0.38
SPXU	ProShares UltraPro Short S&P 500	$562M	N/A	Jun 23, 2009	-0.38
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.38
LFBE	Stone Ridge 2065 Longevity Income ETF	$3.20M	0.25%	Jan 3, 2025	-0.38
LLDR	GLOBAL X LONG-TERM TREASURY LADDER ETF	$35M	0.12%	Sep 9, 2024	-0.38
ILS	BROOKMONT CATASTROPHIC BOND ETF	$75M	1.58%	Mar 31, 2025	-0.38
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$37M	0.89%	Jan 17, 2018	-0.37
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$19M	1.05%	May 1, 2024	-0.36
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$180M	N/A	Feb 9, 2010	-0.36
VIXM	ProShares VIX Mid-Term Futures ETF	$56M	0.92%	Jan 3, 2011	-0.36
SMN	ProShares UltraShort Materials	$3.10M	N/A	Jan 30, 2007	-0.35
BRKU	DIREXION DAILY BRKB BULL 2X SHARES	$58M	N/A	Dec 10, 2024	-0.35
MLDR	GLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF	$9.30M	0.12%	Sep 9, 2024	-0.35
JUCY	APTUS ENHANCED YIELD ETF	$234M	0.60%	Oct 31, 2022	-0.34