BTSG vs. CVS

Last updated Jun 3, 2026

BTSG (BrightSpring Health Services, Inc) and CVS (CVS Health Corporation) are both stocks. Both are in the Healthcare sector — BTSG in Health Information Services, CVS in Healthcare Plans. Over the past year, BTSG returned 147.97% vs 45.87% for CVS. At a 0.19 correlation, their price movements are largely independent.

Performance

BTSG vs. CVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrightSpring Health Services, Inc (BTSG) and CVS Health Corporation (CVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTSG achieves a 58.45% return, which is significantly higher than CVS's 14.70% return.

BTSG

• 1D: -1.07%
• 1M: 12.86%
• YTD: 58.45%
• 6M: 68.87%
• 1Y: 147.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CVS

• 1D: -1.24%
• 1M: 9.03%
• YTD: 14.70%
• 6M: 17.27%
• 1Y: 45.87%
• 3Y*: 12.84%
• 5Y*: 3.94%
• 10Y*: 2.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTSG vs. CVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTSG BrightSpring Health Services, Inc	58.45%	119.91%	54.82%
CVS CVS Health Corporation	14.70%	84.35%	-36.51%

Correlation

The correlation between BTSG and CVS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.19

Fundamentals

Market Cap BTSG : $13.13B CVS : $114.47B
EPS BTSG : $1.42 CVS : $2.30
PE Ratio BTSG : 41.84 CVS : 38.88
PS Ratio BTSG : 0.95 CVS : 0.28
PB Ratio BTSG : 6.64 CVS : 1.48
Total Revenue (TTM) BTSG : $13.65B CVS : $407.91B
Gross Profit (TTM) BTSG : $1.66B CVS : $56.59B
EBITDA (TTM) BTSG : $572.07M CVS : $9.99B

Return for Risk

BTSG vs. CVS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTSG

BTSG Risk / Return Rank: 95
BTSG Sharpe Ratio Rank: 96
BTSG Sortino Ratio Rank: 94
BTSG Omega Ratio Rank: 93
BTSG Calmar Ratio Rank: 95
BTSG Martin Ratio Rank: 96

CVS

CVS Risk / Return Rank: 78
CVS Sharpe Ratio Rank: 81
CVS Sortino Ratio Rank: 73
CVS Omega Ratio Rank: 78
CVS Calmar Ratio Rank: 80
CVS Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTSG vs. CVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services, Inc (BTSG) and CVS Health Corporation (CVS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BTSG	CVS	Difference
Sharpe ratio Return per unit of total volatility	3.69	1.50	+2.19
Sortino ratio Return per unit of downside risk	3.93	1.93	+2.00
Omega ratio Gain probability vs. loss probability	1.51	1.29	+0.22
Calmar ratio Return relative to maximum drawdown	7.57	2.73	+4.85
Martin ratio Return relative to average drawdown	24.45	7.06	+17.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTSG vs. CVS - Sharpe Ratio Comparison

The current BTSG Sharpe Ratio is 3.69, which is higher than the CVS Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of BTSG and CVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTSG	CVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	1.50	+2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.42	0.33	+2.09

Drawdowns

BTSG vs. CVS - Drawdown Comparison

The maximum BTSG drawdown since its inception was -35.56%, smaller than the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for BTSG and CVS.

Drawdown Indicators

	BTSG	CVS	Difference
Max Drawdown Largest peak-to-trough decline	-35.56%	-64.07%	+28.51%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-16.44%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-43.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.79%	—
Current Drawdown Current decline from peak	-3.79%	-8.78%	+4.99%
Average Drawdown Average peak-to-trough decline	-7.13%	-19.56%	+12.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	6.36%	-0.26%

Volatility

BTSG vs. CVS - Volatility Comparison

The current volatility for BrightSpring Health Services, Inc (BTSG) is 9.70%, while CVS Health Corporation (CVS) has a volatility of 10.91%. This indicates that BTSG experiences smaller price fluctuations and is considered to be less risky than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTSG	CVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	10.91%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	28.73%	26.02%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	40.34%	30.74%	+9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.80%	29.90%	+13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.80%	29.28%	+14.52%

Dividends

BTSG vs. CVS - Dividend Comparison

BTSG has not paid dividends to shareholders, while CVS's dividend yield for the trailing twelve months is around 2.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTSG BrightSpring Health Services, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CVS CVS Health Corporation	2.97%	3.35%	5.93%	3.06%	2.36%	1.94%	2.93%	2.69%	3.05%	2.76%	2.15%	1.43%

Financials

BTSG vs. CVS - Profitability Comparison

The chart below illustrates the profitability comparison between BrightSpring Health Services, Inc and CVS Health Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BTSG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services, Inc reported a gross profit of 482.22M and revenue of 3.61B. Therefore, the gross margin over that period was 13.3%.

CVS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CVS Health Corporation reported a gross profit of 15.62B and revenue of 100.43B. Therefore, the gross margin over that period was 15.6%.

BTSG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services, Inc reported an operating income of 121.45M and revenue of 3.61B, resulting in an operating margin of 3.4%.

CVS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CVS Health Corporation reported an operating income of 4.68B and revenue of 100.43B, resulting in an operating margin of 4.7%.

BTSG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services, Inc reported a net income of 148.77M and revenue of 3.61B, resulting in a net margin of 4.1%.

CVS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CVS Health Corporation reported a net income of 2.94B and revenue of 100.43B, resulting in a net margin of 2.9%.

Frequently Asked Questions

Can I hold both BTSG and CVS in my portfolio?

BTSG and CVS have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTSG or CVS?

CVS has higher volatility (10.91%) compared to BTSG (9.70%). In terms of maximum drawdown, BTSG dropped -35.56% vs CVS's -64.07%.

Which has better risk-adjusted returns?

BTSG currently has the higher Sharpe Ratio (3.69 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.