CVS vs. WBA

Last updated Apr 1, 2026

Compare and contrast key facts about CVS Health Corporation (CVS) and Walgreens Boots Alliance, Inc. (WBA).

Performance

CVS vs. WBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CVS Health Corporation (CVS) and Walgreens Boots Alliance, Inc. (WBA). The values are adjusted to include any dividend payments, if applicable.

CVS vs. WBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVS CVS Health Corporation	-8.76%	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%

Fundamentals

EPS CVS : $1.39 WBA : -$7.28
PS Ratio CVS : 0.23 WBA : 0.07
Total Revenue (TTM) CVS : $402.07B WBA : $154.58B
Gross Profit (TTM) CVS : $55.36B WBA : $26.47B
EBITDA (TTM) CVS : $8.69B WBA : -$2.92B

Returns By Period

CVS

• 1D: 2.40%
• 1M: -10.11%
• YTD: -8.76%
• 6M: -3.17%
• 1Y: 10.05%
• 3Y*: 2.77%
• 5Y*: 2.63%
• 10Y*: -0.76%

WBA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

CVS vs. WBA — Risk / Return Rank

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

CVS

CVS Risk / Return Rank: 53
CVS Sharpe Ratio Rank: 55
CVS Sortino Ratio Rank: 46
CVS Omega Ratio Rank: 47
CVS Calmar Ratio Rank: 58
CVS Martin Ratio Rank: 59

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. 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.

	CVS	WBA	Difference
Sharpe ratio Return per unit of total volatility	0.33	—	—
Sortino ratio Return per unit of downside risk	0.60	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.67	—	—
Martin ratio Return relative to average drawdown	1.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CVS	WBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Correlation

The correlation between CVS and WBA is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CVS vs. WBA - Dividend Comparison

CVS's dividend yield for the trailing twelve months is around 3.70%, while WBA has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVS CVS Health Corporation	3.70%	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%

Drawdowns

Drawdown Indicators

	CVS	WBA	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.79%	—	—
Current Drawdown Current decline from peak	-25.47%	—	—
Average Drawdown Average peak-to-trough decline	-19.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	—	—

Volatility

Volatility by Period

	CVS	WBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.81%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.36%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.93%	—	—

Financials