CNC vs. TTD
CNC (Centene Corporation) and TTD (The Trade Desk, Inc.) are both stocks. CNC operates in Healthcare Plans (Healthcare), while TTD operates in Software - Application (Technology). Over the past 5 years, CNC returned -3.58%/yr vs -18.58%/yr for TTD. At a 0.16 correlation, their price movements are largely independent.
Performance
CNC vs. TTD - Performance Comparison
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Returns By Period
In the year-to-date period, CNC achieves a 44.71% return, which is significantly higher than TTD's -45.84% return.
CNC
- 1D
- -0.73%
- 1M
- 11.18%
- YTD
- 44.71%
- 6M
- 53.44%
- 1Y
- 7.55%
- 3Y*
- -3.59%
- 5Y*
- -3.58%
- 10Y*
- 6.23%
TTD
- 1D
- -2.56%
- 1M
- -14.69%
- YTD
- -45.84%
- 6M
- -46.75%
- 1Y
- -72.37%
- 3Y*
- -34.82%
- 5Y*
- -18.58%
- 10Y*
- —
CNC vs. TTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNC Centene Corporation | 44.71% | -32.07% | -18.37% | -9.51% | -0.47% | 37.26% | -4.52% | 9.05% | 14.29% | 78.52% |
TTD The Trade Desk, Inc. | -45.84% | -67.70% | 63.33% | 60.52% | -51.08% | 14.41% | 208.34% | 123.83% | 153.79% | 65.27% |
Correlation
The correlation between CNC and TTD is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.16 |
The correlation between CNC and TTD shifts across timeframes, from 0.05 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CNC:
$29.51B
TTD:
$9.80B
CNC:
-$13.07
TTD:
$0.89
CNC:
0.15
TTD:
3.37
CNC:
1.38
TTD:
4.00
CNC:
$198.10B
TTD:
$2.97B
CNC:
$29.57B
TTD:
$2.31B
CNC:
-$5.11B
TTD:
$725.01M
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Return for Risk
CNC vs. TTD — Risk / Return Rank
CNC
TTD
CNC vs. TTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centene Corporation (CNC) and The Trade Desk, Inc. (TTD). 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 | TTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.71 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.93 | +1.07 |
| Martin ratioReturn relative to average drawdown | 0.22 | -1.31 | +1.53 |
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 | TTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -1.13 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.28 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.32 | +0.07 |
Drawdowns
CNC vs. TTD - Drawdown Comparison
The maximum CNC drawdown since its inception was -74.07%, smaller than the maximum TTD drawdown of -85.60%. Use the drawdown chart below to compare losses from any high point for CNC and TTD.
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Drawdown Indicators
| CNC | TTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.07% | -85.60% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -55.50% | -77.62% | +22.12% |
Max Drawdown (3Y)Largest decline over 3 years | -68.65% | -85.60% | +16.95% |
Max Drawdown (5Y)Largest decline over 5 years | -74.07% | -85.60% | +11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -74.07% | — | — |
Current DrawdownCurrent decline from peak | -38.75% | -85.26% | +46.51% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -27.12% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.84% | 55.37% | -21.53% |
Volatility
CNC vs. TTD - Volatility Comparison
The current volatility for Centene Corporation (CNC) is 10.45%, while The Trade Desk, Inc. (TTD) has a volatility of 19.09%. This indicates that CNC experiences smaller price fluctuations and is considered to be less risky than TTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNC | TTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 19.09% | -8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 36.05% | 40.79% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.10% | 64.16% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.40% | 67.33% | -27.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.48% | 68.48% | -30.00% |
Dividends
CNC vs. TTD - Dividend Comparison
Neither CNC nor TTD has paid dividends to shareholders.
Financials
CNC vs. TTD - Financials Comparison
This section allows you to compare key financial metrics between Centene Corporation and The Trade Desk, 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. TTD - Profitability Comparison
CNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Centene Corporation reported a gross profit of 10.94B and revenue of 49.94B. Therefore, the gross margin over that period was 21.9%.
TTD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported a gross profit of 506.89M and revenue of 688.86M. Therefore, the gross margin over that period was 73.6%.
CNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Centene Corporation reported an operating income of 1.86B and revenue of 49.94B, resulting in an operating margin of 3.7%.
TTD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported an operating income of 66.65M and revenue of 688.86M, resulting in an operating margin of 9.7%.
CNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Centene Corporation reported a net income of 1.54B and revenue of 49.94B, resulting in a net margin of 3.1%.
TTD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported a net income of 40.00M and revenue of 688.86M, resulting in a net margin of 5.8%.
Frequently Asked Questions
CNC and TTD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTD has higher volatility (19.09%) compared to CNC (10.45%). In terms of maximum drawdown, CNC dropped -74.07% vs TTD's -85.60%.
CNC currently has the higher Sharpe Ratio (0.12 vs -1.13), 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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