CVS vs. ABBV
CVS (CVS Health Corporation) and ABBV (AbbVie Inc.) are both stocks. Both are in the Healthcare sector — CVS in Healthcare Plans, ABBV in Drug Manufacturers - General. Over the past 10 years, CVS returned 3.94%/yr vs 19.22%/yr for ABBV. At a 0.36 correlation, their price movements are largely independent.
Performance
CVS vs. ABBV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVS achieves a 29.83% return, which is significantly higher than ABBV's 2.32% return. Over the past 10 years, CVS has underperformed ABBV with an annualized return of 3.94%, while ABBV has yielded a comparatively higher 19.22% annualized return.
CVS
- 1D
- 3.03%
- 1M
- 8.62%
- YTD
- 29.83%
- 6M
- 31.48%
- 1Y
- 57.74%
- 3Y*
- 17.81%
- 5Y*
- 7.38%
- 10Y*
- 3.94%
ABBV
- 1D
- 6.25%
- 1M
- 6.63%
- YTD
- 2.32%
- 6M
- 2.58%
- 1Y
- 28.17%
- 3Y*
- 23.52%
- 5Y*
- 19.47%
- 10Y*
- 19.22%
CVS vs. ABBV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 29.83% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
ABBV AbbVie Inc. | 2.32% | 33.08% | 18.86% | -0.23% | 24.01% | 32.43% | 27.72% | 1.47% | -0.96% | 60.07% |
Correlation
The correlation between CVS and ABBV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.36 |
The correlation between CVS and ABBV shifts across timeframes, from 0.25 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVS:
$129.56B
ABBV:
$408.04B
CVS:
$2.30
ABBV:
$2.05
CVS:
44.01
ABBV:
112.07
CVS:
0.32
ABBV:
6.49
CVS:
1.67
ABBV:
14.84
CVS:
$407.91B
ABBV:
$62.82B
CVS:
$56.59B
ABBV:
$46.15B
CVS:
$9.99B
ABBV:
$17.96B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CVS vs. ABBV — Risk / Return Rank
CVS
ABBV
CVS vs. ABBV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) and AbbVie Inc. (ABBV). 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.
| CVS | ABBV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.63 | +1.89 |
| Martin ratioReturn relative to average drawdown | 9.08 | 3.63 | +5.44 |
Loading charts...
Drawdowns
CVS vs. ABBV - Drawdown Comparison
The maximum CVS drawdown since its inception was -64.07%, which is greater than ABBV's maximum drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for CVS and ABBV.
Loading charts...
Drawdown Indicators
| CVS | ABBV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.07% | -45.09% | -18.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -17.32% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -20.74% | -23.24% |
Max Drawdown (5Y)Largest decline over 5 years | -56.79% | -21.92% | -34.87% |
Max Drawdown (10Y)Largest decline over 10 years | -56.79% | -45.09% | -11.70% |
Current DrawdownCurrent decline from peak | -0.65% | -3.65% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -19.53% | -10.71% | -8.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 7.78% | -1.40% |
Volatility
CVS vs. ABBV - Volatility Comparison
The current volatility for CVS Health Corporation (CVS) is 7.77%, while AbbVie Inc. (ABBV) has a volatility of 9.13%. This indicates that CVS experiences smaller price fluctuations and is considered to be less risky than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CVS | ABBV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 9.13% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 25.91% | 19.02% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.27% | 25.21% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.01% | 23.11% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.34% | 25.83% | +3.51% |
Dividends
CVS vs. ABBV - Dividend Comparison
CVS's dividend yield for the trailing twelve months is around 2.63%, less than ABBV's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBV AbbVie Inc. | 2.93% | 2.87% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% |
CVS CVS Health Corporation | 2.63% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
Financials
CVS vs. ABBV - Financials Comparison
This section allows you to compare key financial metrics between CVS Health Corporation and AbbVie 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
CVS vs. ABBV - Profitability Comparison
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%.
ABBV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AbbVie Inc. reported a gross profit of 12.53B and revenue of 15.00B. Therefore, the gross margin over that period was 83.5%.
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%.
ABBV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AbbVie Inc. reported an operating income of 4.73B and revenue of 15.00B, resulting in an operating margin of 31.6%.
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%.
ABBV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AbbVie Inc. reported a net income of 699.00M and revenue of 15.00B, resulting in a net margin of 4.7%.
Frequently Asked Questions
CVS and ABBV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABBV has higher volatility (9.13%) compared to CVS (7.77%). In terms of maximum drawdown, CVS dropped -64.07% vs ABBV's -45.09%.
CVS currently has the higher Sharpe Ratio (1.86 vs 1.12), 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.
Find the right allocation for CVS and ABBV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer