CGNX vs. CVS

Last updated Jun 3, 2026

CGNX (Cognex Corporation) and CVS (CVS Health Corporation) are both stocks. CGNX operates in Scientific & Technical Instruments (Technology), while CVS operates in Healthcare Plans (Healthcare). Over the past 10 years, CGNX returned 12.44%/yr vs 2.37%/yr for CVS. At a 0.22 correlation, their price movements are largely independent.

Performance

CGNX vs. CVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cognex Corporation (CGNX) 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, CGNX achieves a 84.18% return, which is significantly higher than CVS's 14.70% return. Over the past 10 years, CGNX has outperformed CVS with an annualized return of 12.44%, while CVS has yielded a comparatively lower 2.37% annualized return.

CGNX

• 1D: 2.23%
• 1M: 18.29%
• YTD: 84.18%
• 6M: 73.52%
• 1Y: 124.18%
• 3Y*: 5.93%
• 5Y*: -2.62%
• 10Y*: 12.44%

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)

CGNX vs. CVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGNX Cognex Corporation	84.18%	1.24%	-13.45%	-10.84%	-39.11%	-2.85%	47.69%	45.54%	-36.53%	92.91%
CVS CVS Health Corporation	14.70%	84.35%	-40.77%	-12.53%	-7.63%	54.87%	-5.14%	17.26%	-7.04%	-5.75%

Correlation

The correlation between CGNX and CVS is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 10, 1989	0.22

The correlation between CGNX and CVS shifts across timeframes, from 0.06 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CGNX : $11.13B CVS : $114.47B
EPS CGNX : $0.84 CVS : $2.30
PE Ratio CGNX : 78.25 CVS : 38.88
PS Ratio CGNX : 10.66 CVS : 0.28
PB Ratio CGNX : 7.52 CVS : 1.48
Total Revenue (TTM) CGNX : $1.05B CVS : $407.91B
Gross Profit (TTM) CGNX : $712.01M CVS : $56.59B
EBITDA (TTM) CGNX : $224.08M CVS : $9.99B

Return for Risk

CGNX vs. CVS — Risk / Return Rank

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

CGNX

CGNX Risk / Return Rank: 89
CGNX Sharpe Ratio Rank: 89
CGNX Sortino Ratio Rank: 92
CGNX Omega Ratio Rank: 91
CGNX Calmar Ratio Rank: 89
CGNX Martin Ratio Rank: 87

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.

CGNX vs. CVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cognex Corporation (CGNX) 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.

	CGNX	CVS	Difference
Sharpe ratio Return per unit of total volatility	2.17	1.50	+0.67
Sortino ratio Return per unit of downside risk	3.49	1.93	+1.57
Omega ratio Gain probability vs. loss probability	1.47	1.29	+0.18
Calmar ratio Return relative to maximum drawdown	4.38	2.73	+1.65
Martin ratio Return relative to average drawdown	9.94	7.06	+2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGNX vs. CVS - Sharpe Ratio Comparison

The current CGNX Sharpe Ratio is 2.17, which is higher than the CVS Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CGNX 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

	CGNX	CVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.50	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.13	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.08	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.33	-0.05

Drawdowns

CGNX vs. CVS - Drawdown Comparison

The maximum CGNX drawdown since its inception was -83.71%, which is greater than CVS's maximum drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for CGNX and CVS.

Drawdown Indicators

	CGNX	CVS	Difference
Max Drawdown Largest peak-to-trough decline	-83.71%	-64.07%	-19.64%
Max Drawdown (1Y) Largest decline over 1 year	-27.86%	-16.44%	-11.42%
Max Drawdown (3Y) Largest decline over 3 years	-59.98%	-43.98%	-16.00%
Max Drawdown (5Y) Largest decline over 5 years	-74.07%	-56.79%	-17.28%
Max Drawdown (10Y) Largest decline over 10 years	-74.63%	-56.79%	-17.84%
Current Drawdown Current decline from peak	-27.29%	-8.78%	-18.51%
Average Drawdown Average peak-to-trough decline	-37.52%	-19.56%	-17.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	6.36%	+5.91%

Volatility

CGNX vs. CVS - Volatility Comparison

Cognex Corporation (CGNX) has a higher volatility of 14.08% compared to CVS Health Corporation (CVS) at 10.91%. This indicates that CGNX's price experiences larger fluctuations and is considered to be riskier than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGNX	CVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.08%	10.91%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	41.55%	26.02%	+15.53%
Volatility (1Y) Calculated over the trailing 1-year period	57.58%	30.74%	+26.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.44%	29.90%	+13.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.80%	29.28%	+12.52%

Dividends

CGNX vs. CVS - Dividend Comparison

CGNX's dividend yield for the trailing twelve months is around 0.51%, less than CVS's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGNX Cognex Corporation	0.51%	0.90%	0.85%	0.68%	0.56%	0.32%	2.77%	0.37%	0.48%	0.27%	0.46%	0.62%
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

CGNX vs. CVS - Profitability Comparison

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

CGNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported a gross profit of 190.94M and revenue of 268.44M. Therefore, the gross margin over that period was 71.1%.

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%.

CGNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported an operating income of 59.87M and revenue of 268.44M, resulting in an operating margin of 22.3%.

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%.

CGNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported a net income of 51.70M and revenue of 268.44M, resulting in a net margin of 19.3%.

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 CGNX and CVS in my portfolio?

CGNX and CVS have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGNX or CVS?

CGNX has higher volatility (14.08%) compared to CVS (10.91%). In terms of maximum drawdown, CGNX dropped -83.71% vs CVS's -64.07%.

Which has better risk-adjusted returns?

CGNX currently has the higher Sharpe Ratio (2.17 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.