CVS vs. PHSP.L

Last updated Jun 13, 2026

CVS (CVS Health Corporation) is a stock, while PHSP.L (WisdomTree Physical Silver) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, CVS returned 3.70%/yr vs 13.98%/yr for PHSP.L. At a 0.02 correlation, their price movements are largely independent.

Performance

CVS vs. PHSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CVS Health Corporation (CVS) and WisdomTree Physical Silver (PHSP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CVS is traded in USD, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CVS achieves a 30.67% return, which is significantly higher than PHSP.L's -5.94% return. Over the past 10 years, CVS has underperformed PHSP.L with an annualized return of 3.70%, while PHSP.L has yielded a comparatively higher 13.98% annualized return.

CVS

• 1D: 1.47%
• 1M: 3.92%
• YTD: 30.67%
• 6M: 30.57%
• 1Y: 59.29%
• 3Y*: 16.60%
• 5Y*: 7.08%
• 10Y*: 3.70%

PHSP.L

• 1D: 4.98%
• 1M: -23.79%
• YTD: -5.94%
• 6M: 9.23%
• 1Y: 84.71%
• 3Y*: 40.82%
• 5Y*: 18.64%
• 10Y*: 13.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CVS vs. PHSP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVS CVS Health Corporation	30.67%	84.35%	-40.77%	-12.53%	-7.63%	54.87%	-5.14%	17.26%	-7.04%	-5.75%
PHSP.L WisdomTree Physical Silver	-5.94%	147.01%	20.80%	-1.58%	3.15%	-12.90%	45.17%	17.09%	-9.01%	3.31%

Correlation

The correlation between CVS and PHSP.L is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.02

Return for Risk

CVS vs. PHSP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVS

CVS Risk / Return Rank: 86
CVS Sharpe Ratio Rank: 89
CVS Sortino Ratio Rank: 82
CVS Omega Ratio Rank: 87
CVS Calmar Ratio Rank: 88
CVS Martin Ratio Rank: 87

PHSP.L

PHSP.L Risk / Return Rank: 47
PHSP.L Sharpe Ratio Rank: 53
PHSP.L Sortino Ratio Rank: 46
PHSP.L Omega Ratio Rank: 55
PHSP.L Calmar Ratio Rank: 47
PHSP.L Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVS vs. PHSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) and WisdomTree Physical Silver (PHSP.L). 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	PHSP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.50	+0.42
Sortino ratio: Return per unit of downside risk	2.33	1.94	+0.39
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.07
Calmar ratio: Return relative to maximum drawdown	3.62	1.92	+1.70
Martin ratio: Return relative to average drawdown	9.33	4.25	+5.08

CVS vs. PHSP.L - Sharpe Ratio Comparison

The current CVS Sharpe Ratio is 1.92, which is comparable to the PHSP.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CVS and PHSP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CVS vs. PHSP.L - Drawdown Comparison

The maximum CVS drawdown since its inception was -64.07%, smaller than the maximum PHSP.L drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for CVS and PHSP.L.

Drawdown Indicators

	CVS	PHSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-77.00%	+12.93%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-43.79%	+27.35%
Max Drawdown (3Y) Largest decline over 3 years	-43.98%	-43.79%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-56.79%	-43.79%	-13.00%
Max Drawdown (10Y) Largest decline over 10 years	-56.79%	-43.79%	-13.00%
Current Drawdown Current decline from peak	0.00%	-40.99%	+40.99%
Average Drawdown Average peak-to-trough decline	-19.54%	-52.73%	+33.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	19.87%	-13.49%

Volatility

CVS vs. PHSP.L - Volatility Comparison

The current volatility for CVS Health Corporation (CVS) is 7.50%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 15.36%. This indicates that CVS experiences smaller price fluctuations and is considered to be less risky than PHSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVS	PHSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	15.36%	-7.86%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	53.31%	-27.43%
Volatility (1Y) Calculated over the trailing 1-year period	31.05%	56.19%	-25.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	38.04%	-8.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.30%	32.28%	-2.98%

Dividends

CVS vs. PHSP.L - Dividend Comparison

CVS's dividend yield for the trailing twelve months is around 2.61%, while PHSP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVS CVS Health Corporation	2.61%	3.35%	5.93%	3.06%	2.36%	1.94%	2.93%	2.69%	3.05%	2.76%	2.15%	1.43%
PHSP.L WisdomTree Physical Silver	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVS and PHSP.L in my portfolio?

CVS and PHSP.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.