CNC vs. IAU
CNC (Centene Corporation) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, CNC returned 6.71%/yr vs 12.71%/yr for IAU. At a correlation of -0.02, they often move in opposite directions.
Performance
CNC vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, CNC achieves a 58.03% return, which is significantly higher than IAU's 0.26% return. Over the past 10 years, CNC has underperformed IAU with an annualized return of 6.71%, while IAU has yielded a comparatively higher 12.71% annualized return.
CNC
- 1D
- 4.33%
- 1M
- 16.21%
- YTD
- 58.03%
- 6M
- 71.67%
- 1Y
- 17.89%
- 3Y*
- -1.96%
- 5Y*
- -1.92%
- 10Y*
- 6.71%
IAU
- 1D
- 0.20%
- 1M
- -8.43%
- YTD
- 0.26%
- 6M
- 3.08%
- 1Y
- 30.27%
- 3Y*
- 29.88%
- 5Y*
- 17.71%
- 10Y*
- 12.71%
CNC vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNC Centene Corporation | 58.03% | -32.07% | -18.37% | -9.51% | -0.47% | 37.26% | -4.52% | 9.05% | 14.29% | 78.52% |
IAU iShares Gold Trust | 0.26% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between CNC and IAU is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2005 | -0.02 |
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Return for Risk
CNC vs. IAU — Risk / Return Rank
CNC
IAU
CNC vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centene Corporation (CNC) and iShares Gold Trust (IAU). 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.
| CNC | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.52 | -1.19 |
| Martin ratioReturn relative to average drawdown | 0.53 | 3.80 | -3.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNC | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.14 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.99 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.80 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.61 | -0.21 |
Drawdowns
CNC vs. IAU - Drawdown Comparison
The maximum CNC drawdown since its inception was -74.07%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for CNC and IAU.
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Drawdown Indicators
| CNC | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.07% | -45.14% | -28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -55.50% | -20.04% | -35.46% |
Max Drawdown (3Y)Largest decline over 3 years | -68.65% | -20.04% | -48.61% |
Max Drawdown (5Y)Largest decline over 5 years | -74.07% | -20.93% | -53.14% |
Max Drawdown (10Y)Largest decline over 10 years | -74.07% | -21.82% | -52.25% |
Current DrawdownCurrent decline from peak | -33.11% | -19.88% | -13.23% |
Average DrawdownAverage peak-to-trough decline | -22.15% | -15.97% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.84% | 7.99% | +25.85% |
Volatility
CNC vs. IAU - Volatility Comparison
Centene Corporation (CNC) has a higher volatility of 11.25% compared to iShares Gold Trust (IAU) at 5.64%. This indicates that CNC's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNC | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 5.64% | +5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 36.53% | 23.33% | +13.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.57% | 26.68% | +37.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.51% | 18.02% | +21.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.53% | 15.94% | +22.59% |
Dividends
CNC vs. IAU - Dividend Comparison
Neither CNC nor IAU has paid dividends to shareholders.
Frequently Asked Questions
CNC and IAU have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNC has higher volatility (11.25%) compared to IAU (5.64%). In terms of maximum drawdown, CNC dropped -74.07% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (1.14 vs 0.28), 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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