CNC vs. HUM
CNC (Centene Corporation) and HUM (Humana Inc.) are both stocks. Both operate in the Healthcare Plans industry within the Healthcare sector. Over the past 10 years, CNC returned 6.10%/yr vs 8.85%/yr for HUM. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
CNC vs. HUM - Performance Comparison
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Returns By Period
In the year-to-date period, CNC achieves a 51.20% return, which is significantly higher than HUM's 43.12% return. Over the past 10 years, CNC has underperformed HUM with an annualized return of 6.10%, while HUM has yielded a comparatively higher 8.85% annualized return.
CNC
- 1D
- 2.27%
- 1M
- -8.31%
- 6M
- 43.63%
- YTD
- 51.20%
- 1Y
- 140.14%
- 3Y*
- -2.92%
- 5Y*
- -1.94%
- 10Y*
- 6.10%
- ALL TIME*
- 17.43%
HUM
- 1D
- -0.76%
- 1M
- -8.29%
- 6M
- 87.79%
- YTD
- 43.12%
- 1Y
- 49.28%
- 3Y*
- -6.26%
- 5Y*
- -2.12%
- 10Y*
- 8.85%
- ALL TIME*
- 9.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $363.88M | $313.77M | $329.35M | |
HUM Humana Inc. | $603.25M | $586.13M | $541.90M |
CNC vs. HUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNC Centene Corporation | 51.20% | -32.07% | -18.37% | -9.51% | -0.47% | 37.26% | -4.52% | 9.05% | 14.29% | 78.52% |
HUM Humana Inc. | 43.12% | 2.36% | -43.96% | -9.94% | 11.15% | 13.80% | 12.71% | 28.94% | 16.27% | 22.60% |
Correlation
The correlation between CNC and HUM is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2001 | 0.46 |
The correlation between CNC and HUM shifts across timeframes, from 0.45 (3 years) to 0.55 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CNC:
$30.74B
HUM:
$43.67B
CNC:
-$10.32
HUM:
$10.59
CNC:
0.16
HUM:
0.30
CNC:
1.37
HUM:
2.29
CNC:
$193.73B
HUM:
$145.68B
CNC:
$31.24B
HUM:
$19.89B
CNC:
-$2.89B
HUM:
$3.07B
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Return for Risk
CNC vs. HUM — Risk / Return Rank
CNC
HUM
CNC vs. HUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centene Corporation (CNC) and Humana Inc. (HUM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNC | HUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 1.02 | +3.25 |
| Martin ratioReturn relative to average drawdown | 13.37 | 2.11 | +11.26 |
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Drawdowns
CNC vs. HUM - Drawdown Comparison
The maximum CNC drawdown since its inception was -74.07%, smaller than the maximum HUM drawdown of -85.10%. Use the drawdown chart below to compare losses from any high point for CNC and HUM.
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Drawdown Indicators
| CNC | HUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.07% | -85.10% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -32.73% | -47.18% | +14.45% |
Max Drawdown (3Y)Largest decline over 3 years | -68.65% | -67.92% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -74.07% | -69.92% | -4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -74.07% | -69.92% | -4.15% |
Current DrawdownCurrent decline from peak | -36.00% | -32.62% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -22.21% | -27.16% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 22.72% | -12.31% |
Volatility
CNC vs. HUM - Volatility Comparison
The current volatility for Centene Corporation (CNC) is 10.07%, while Humana Inc. (HUM) has a volatility of 10.96%. This indicates that CNC experiences smaller price fluctuations and is considered to be less risky than HUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNC | HUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 10.96% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 35.87% | 30.16% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.87% | 48.41% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.85% | 37.77% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.58% | 34.49% | +4.09% |
Dividends
CNC vs. HUM - Dividend Comparison
CNC has not paid dividends to shareholders, while HUM's dividend yield for the trailing twelve months is around 0.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNC Centene Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HUM Humana Inc. | 0.97% | 1.38% | 1.40% | 0.77% | 0.62% | 0.60% | 0.61% | 0.60% | 0.70% | 0.76% | 0.43% | 0.64% |
Financials
CNC vs. HUM - Financials Comparison
This section allows you to compare key financial metrics between Centene Corporation and Humana Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CNC vs. HUM - Profitability Comparison
CNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Centene Corporation reported a gross profit of 4.62B and revenue of 44.38B. Therefore, the gross margin over that period was 10.4%.
HUM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Humana Inc. reported a gross profit of 5.50B and revenue of 40.87B. Therefore, the gross margin over that period was 13.5%.
CNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Centene Corporation reported an operating income of 1.38B and revenue of 44.38B, resulting in an operating margin of 3.1%.
HUM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Humana Inc. reported an operating income of 1.36B and revenue of 40.87B, resulting in an operating margin of 3.3%.
CNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Centene Corporation reported a net income of 1.09B and revenue of 44.38B, resulting in a net margin of 2.5%.
HUM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Humana Inc. reported a net income of 693.00M and revenue of 40.87B, resulting in a net margin of 1.7%.
Frequently Asked Questions
CNC and HUM have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HUM has higher volatility (10.96%) compared to CNC (10.07%). In terms of maximum drawdown, CNC dropped -74.07% vs HUM's -85.10%.
CNC currently has the higher Sharpe Ratio (2.85 vs 1.00), 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.
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