CVS vs. VGT

Last updated Jun 9, 2026

CVS (CVS Health Corporation) is a stock, while VGT (Vanguard Information Technology ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, CVS returned 3.16%/yr vs 25.14%/yr for VGT. At a 0.35 correlation, their price movements are largely independent.

Performance

CVS vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CVS Health Corporation (CVS) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CVS having a 24.42% return and VGT slightly higher at 24.57%. Over the past 10 years, CVS has underperformed VGT with an annualized return of 3.16%, while VGT has yielded a comparatively higher 25.14% annualized return.

CVS

• 1D: 1.20%
• 1M: 7.21%
• YTD: 24.42%
• 6M: 29.02%
• 1Y: 58.27%
• 3Y*: 14.98%
• 5Y*: 6.17%
• 10Y*: 3.16%

VGT

• 1D: 1.71%
• 1M: 4.28%
• YTD: 24.57%
• 6M: 21.33%
• 1Y: 50.38%
• 3Y*: 31.24%
• 5Y*: 20.82%
• 10Y*: 25.14%

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

CVS vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVS CVS Health Corporation	24.42%	84.35%	-40.77%	-12.53%	-7.63%	54.87%	-5.14%	17.26%	-7.04%	-5.75%
VGT Vanguard Information Technology ETF	24.57%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between CVS and VGT is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.35

The correlation between CVS and VGT shifts across timeframes, from -0.04 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CVS vs. VGT — Risk / Return Rank

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

CVS

CVS Risk / Return Rank: 85
CVS Sharpe Ratio Rank: 88
CVS Sortino Ratio Rank: 81
CVS Omega Ratio Rank: 85
CVS Calmar Ratio Rank: 87
CVS Martin Ratio Rank: 87

VGT

VGT Risk / Return Rank: 71
VGT Sharpe Ratio Rank: 81
VGT Sortino Ratio Rank: 71
VGT Omega Ratio Rank: 73
VGT Calmar Ratio Rank: 68
VGT Martin Ratio Rank: 60

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. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) and Vanguard Information Technology ETF (VGT). 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	VGT	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.35	-0.46
Sortino ratio: Return per unit of downside risk	2.30	2.89	-0.59
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	3.56	3.09	+0.47
Martin ratio: Return relative to average drawdown	9.17	9.77	-0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVS vs. VGT - Sharpe Ratio Comparison

The current CVS Sharpe Ratio is 1.89, which is comparable to the VGT Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of CVS and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CVS	VGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.35	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.83	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	1.02	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.67	-0.33

Drawdowns

CVS vs. VGT - Drawdown Comparison

The maximum CVS drawdown since its inception was -64.07%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for CVS and VGT.

Drawdown Indicators

	CVS	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-54.63%	-9.44%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-16.40%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-43.98%	-27.23%	-16.75%
Max Drawdown (5Y) Largest decline over 5 years	-56.79%	-35.07%	-21.72%
Max Drawdown (10Y) Largest decline over 10 years	-56.79%	-35.07%	-21.72%
Current Drawdown Current decline from peak	-1.05%	-6.77%	+5.72%
Average Drawdown Average peak-to-trough decline	-19.55%	-7.95%	-11.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.37%	5.17%	+1.20%

Volatility

CVS vs. VGT - Volatility Comparison

The current volatility for CVS Health Corporation (CVS) is 8.88%, while Vanguard Information Technology ETF (VGT) has a volatility of 9.39%. This indicates that CVS experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVS	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	9.39%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	25.90%	17.44%	+8.46%
Volatility (1Y) Calculated over the trailing 1-year period	31.07%	21.58%	+9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.96%	25.33%	+4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.30%	24.69%	+4.61%

Dividends

CVS vs. VGT - Dividend Comparison

CVS's dividend yield for the trailing twelve months is around 2.74%, more than VGT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVS CVS Health Corporation	2.74%	3.35%	5.93%	3.06%	2.36%	1.94%	2.93%	2.69%	3.05%	2.76%	2.15%	1.43%
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both CVS and VGT in my portfolio?

CVS and VGT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVS or VGT?

VGT has higher volatility (9.39%) compared to CVS (8.88%). In terms of maximum drawdown, CVS dropped -64.07% vs VGT's -54.63%.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (2.35 vs 1.89), 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.