CVS vs. WBA
CVS (CVS Health Corporation) and WBA (Walgreens Boots Alliance, Inc.) are both stocks. Both are in the Healthcare sector — CVS in Healthcare Plans, WBA in Pharmaceutical Retailers. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
CVS vs. WBA - Performance Comparison
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Returns By Period
CVS
- 1D
- -0.75%
- 1M
- 0.34%
- 6M
- 42.24%
- YTD
- 34.67%
- 1Y
- 72.47%
- 3Y*
- 16.56%
- 5Y*
- 8.40%
- 10Y*
- 3.79%
- ALL TIME*
- 10.07%
WBA
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $797.84M | $795.56M | $824.15M |
CVS vs. WBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 34.67% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
WBA Walgreens Boots Alliance, Inc. | 0.00% | 28.40% | -61.34% | -25.09% | -25.06% | 35.78% | -29.38% | -10.99% | -3.65% | -10.51% |
Correlation
The correlation between CVS and WBA is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.45 |
Over the past year, the correlation between CVS and WBA has dropped to 0.08 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
Fundamentals
CVS:
$407.91B
WBA:
$154.58B
CVS:
$56.59B
WBA:
$26.47B
CVS:
$9.99B
WBA:
-$2.92B
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Return for Risk
CVS vs. WBA — Risk / Return Rank
CVS
WBA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CVS vs. WBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) and Walgreens Boots Alliance, Inc. (WBA). 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 | WBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | — | — |
| Martin ratioReturn relative to average drawdown | 13.03 | — | — |
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Drawdowns
CVS vs. WBA - Drawdown Comparison
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Drawdown Indicators
| CVS | WBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.07% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.79% | — | — |
Current DrawdownCurrent decline from peak | -4.99% | — | — |
Average DrawdownAverage peak-to-trough decline | -19.48% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | — | — |
Volatility
CVS vs. WBA - Volatility Comparison
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Volatility by Period
| CVS | WBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.46% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.13% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | — | — |
Dividends
CVS vs. WBA - Dividend Comparison
CVS's dividend yield for the trailing twelve months is around 2.55%, while WBA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.55% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
WBA Walgreens Boots Alliance, Inc. | 0.00% | 0.00% | 10.72% | 7.35% | 5.13% | 3.62% | 4.64% | 3.04% | 2.46% | 2.13% | 1.78% | 1.64% |
Financials
CVS vs. WBA - Financials Comparison
This section allows you to compare key financial metrics between CVS Health Corporation and Walgreens Boots Alliance, 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
Frequently Asked Questions
CVS and WBA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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