CVS vs. PG
CVS (CVS Health Corporation) and PG (The Procter & Gamble Company) are both stocks. CVS operates in Healthcare Plans (Healthcare), while PG operates in Household & Personal Products (Consumer Defensive). Over the past 10 years, CVS returned 3.04%/yr vs 8.86%/yr for PG. At a 0.29 correlation, their price movements are largely independent.
Performance
CVS vs. PG - Performance Comparison
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Returns By Period
In the year-to-date period, CVS achieves a 22.94% return, which is significantly higher than PG's 3.75% return. Over the past 10 years, CVS has underperformed PG with an annualized return of 3.04%, while PG has yielded a comparatively higher 8.86% annualized return.
CVS
- 1D
- 1.17%
- 1M
- 10.44%
- YTD
- 22.94%
- 6M
- 29.01%
- 1Y
- 57.64%
- 3Y*
- 15.19%
- 5Y*
- 5.54%
- 10Y*
- 3.04%
PG
- 1D
- 4.09%
- 1M
- -0.92%
- YTD
- 3.75%
- 6M
- 3.65%
- 1Y
- -7.40%
- 3Y*
- 3.11%
- 5Y*
- 4.13%
- 10Y*
- 8.86%
CVS vs. PG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 22.94% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
PG The Procter & Gamble Company | 3.75% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
Correlation
The correlation between CVS and PG is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 1984 | 0.29 |
The correlation between CVS and PG shifts across timeframes, from 0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVS:
$122.69B
PG:
$354.11B
CVS:
$2.30
PG:
$5.23
CVS:
41.67
PG:
28.04
CVS:
0.30
PG:
4.11
CVS:
1.58
PG:
6.56
CVS:
$407.91B
PG:
$86.72B
CVS:
$56.59B
PG:
$43.64B
CVS:
$9.99B
PG:
$22.63B
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Return for Risk
CVS vs. PG — Risk / Return Rank
CVS
PG
CVS vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) and The Procter & Gamble Company (PG). 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.
| CVS | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.95 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | -0.48 | +4.00 |
| Martin ratioReturn relative to average drawdown | 9.07 | -0.83 | +9.90 |
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
| CVS | PG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.40 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.23 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.47 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.46 | -0.13 |
Drawdowns
CVS vs. PG - Drawdown Comparison
The maximum CVS drawdown since its inception was -64.07%, which is greater than PG's maximum drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for CVS and PG.
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Drawdown Indicators
| CVS | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.07% | -54.25% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -15.52% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -21.15% | -22.83% |
Max Drawdown (5Y)Largest decline over 5 years | -56.79% | -23.77% | -33.02% |
Max Drawdown (10Y)Largest decline over 10 years | -56.79% | -23.77% | -33.02% |
Current DrawdownCurrent decline from peak | -2.22% | -15.07% | +12.85% |
Average DrawdownAverage peak-to-trough decline | -19.55% | -12.16% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 8.89% | -2.52% |
Volatility
CVS vs. PG - Volatility Comparison
CVS Health Corporation (CVS) has a higher volatility of 8.85% compared to The Procter & Gamble Company (PG) at 7.05%. This indicates that CVS's price experiences larger fluctuations and is considered to be riskier than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVS | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 7.05% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 15.31% | +10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.01% | 18.70% | +12.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.95% | 17.79% | +12.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.30% | 19.04% | +10.26% |
Dividends
CVS vs. PG - Dividend Comparison
CVS's dividend yield for the trailing twelve months is around 2.77%, less than PG's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.77% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
PG The Procter & Gamble Company | 2.91% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Financials
CVS vs. PG - Financials Comparison
This section allows you to compare key financial metrics between CVS Health Corporation and The Procter & Gamble Company. 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. PG - 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%.
PG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported a gross profit of 10.51B and revenue of 21.24B. Therefore, the gross margin over that period was 49.5%.
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%.
PG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported an operating income of 4.58B and revenue of 21.24B, resulting in an operating margin of 21.6%.
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%.
PG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported a net income of 18.50M and revenue of 21.24B, resulting in a net margin of 0.1%.
Frequently Asked Questions
CVS and PG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVS has higher volatility (8.85%) compared to PG (7.05%). In terms of maximum drawdown, CVS dropped -64.07% vs PG's -54.25%.
CVS currently has the higher Sharpe Ratio (1.87 vs -0.40), 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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