YieldMax CVNA Option Income Strategy ETF (CVNY) Performance
CVNY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −23.6% since Dec 31, 2025
- 1 year
- −7.6% total return
- Since first price
- +17.7% since 2025
CVNY trailing returns vs SPY, QQQ, AGG
| Period | CVNY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.9% | −12.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.9% | −16.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −19.9% | −44.5% | +7.8% | +8.4% | −1.5% |
| YTD | −23.6% | −56.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.6% | −55.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 30, 2025 | +17.7% | −68.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CVNY vs SPY
From Jan 30, 2025: CVNY grew to $11,774, SPY to $12,807.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CVNY returns by calendar year
2026 is year to date.
CVNY annual returns table
| Year | CVNY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −23.6% | −36.3% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CVNY largest drawdowns
Now 31.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2025 | −43.3% | Apr 4, 2025 | May 14, 2025 | 45 days | 3 months |
| Jan 27, 2026 | −36.3% | Mar 20, 2026 | not yet | 52 days | 9 months so far |
| Oct 1, 2025 | −21.5% | Nov 6, 2025 | Dec 3, 2025 | 36 days | 2 months |
| Jun 4, 2025 | −13.9% | Jun 16, 2025 | Jul 7, 2025 | 12 days | 33 days |
| Dec 11, 2025 | −13.7% | Jan 2, 2026 | Jan 22, 2026 | 22 days | 42 days |
| Jul 31, 2025 | −10.6% | Aug 21, 2025 | Sep 19, 2025 | 21 days | 50 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CVNY risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +13.6% |
| Volatility (annualized) | 45.1% |
| Sharpe ratio | 0.40 |
| Sortino ratio | 0.75 |
| Best month | +27.9% |
| Worst month | −15.1% |
| Best 12 months | +53.0% |
| Worst 12 months | −12.4% |
| Positive months | 45% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CVNY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | −12.4% | +7.4% | +53.0% | 80% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CVNY performance overview
YieldMax CVNA Option Income Strategy ETF (CVNY) returned −7.6% over the past year, with distributions reinvested. Since its first recorded price on Jan 30, 2025 it has returned +17.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.3%, from Feb 18, 2025 to Apr 4, 2025, and it took 40 days to get back to the old high. Volatility has been 45.1% a year.
Related: CVNY chart, CVNY dividends. See the CVNY overview for the latest quote and fund facts.
CVNY performance FAQ
What is the CVNY return over the past year?
CVNY returned −7.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 55.1%.
How much would $10,000 invested in CVNY be worth?
$10,000 invested in CVNY at its first recorded close on January 30, 2025 would be worth about $11,774 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CVNY?
The largest peak-to-trough decline was −43.3% between February 18, 2025 and April 4, 2025. It recovered to the old high on May 14, 2025, 40 days after the bottom.
How volatile is CVNY?
Over the past history CVNY had an annualized volatility of 45.1% and a Sharpe ratio of 0.40 (excess return over 1–3 month T-bills per unit of risk).