CVS vs. WMT
CVS (CVS Health Corporation) and WMT (Walmart Inc.) are both stocks. CVS operates in Healthcare Plans (Healthcare), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, CVS returned 3.70%/yr vs 19.77%/yr for WMT. At a 0.32 correlation, their price movements are largely independent.
Performance
CVS vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, CVS achieves a 30.67% return, which is significantly higher than WMT's 9.07% return. Over the past 10 years, CVS has underperformed WMT with an annualized return of 3.70%, while WMT has yielded a comparatively higher 19.77% 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%
WMT
- 1D
- 0.45%
- 1M
- -7.93%
- YTD
- 9.07%
- 6M
- 4.13%
- 1Y
- 28.71%
- 3Y*
- 34.18%
- 5Y*
- 22.42%
- 10Y*
- 19.77%
CVS vs. WMT - 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% |
WMT Walmart Inc. | 9.07% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between CVS and WMT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1984 | 0.32 |
The correlation between CVS and WMT shifts across timeframes, from 0.14 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVS:
$130.41B
WMT:
$968.20B
CVS:
$2.30
WMT:
$2.88
CVS:
44.29
WMT:
42.04
CVS:
0.32
WMT:
1.34
CVS:
1.68
WMT:
10.26
CVS:
$407.91B
WMT:
$725.31B
CVS:
$56.59B
WMT:
$181.16B
CVS:
$9.99B
WMT:
$44.32B
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Return for Risk
CVS vs. WMT — Risk / Return Rank
CVS
WMT
CVS vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) and Walmart Inc. (WMT). 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 | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 1.83 | +1.79 |
| Martin ratioReturn relative to average drawdown | 9.33 | 5.82 | +3.51 |
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Drawdowns
CVS vs. WMT - Drawdown Comparison
The maximum CVS drawdown since its inception was -64.07%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for CVS and WMT.
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Drawdown Indicators
| CVS | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.07% | -77.14% | +13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -15.75% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -21.93% | -22.05% |
Max Drawdown (5Y)Largest decline over 5 years | -56.79% | -25.74% | -31.05% |
Max Drawdown (10Y)Largest decline over 10 years | -56.79% | -25.74% | -31.05% |
Current DrawdownCurrent decline from peak | 0.00% | -9.81% | +9.81% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -14.63% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 4.94% | +1.44% |
Volatility
CVS vs. WMT - Volatility Comparison
The current volatility for CVS Health Corporation (CVS) is 7.50%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that CVS experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVS | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 9.86% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 25.88% | 18.49% | +7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.05% | 23.67% | +7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 21.68% | +8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.30% | 21.73% | +7.57% |
Dividends
CVS vs. WMT - Dividend Comparison
CVS's dividend yield for the trailing twelve months is around 2.61%, more than WMT's 0.80% yield.
| 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% |
WMT Walmart Inc. | 0.80% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
CVS vs. WMT - Financials Comparison
This section allows you to compare key financial metrics between CVS Health Corporation and Walmart 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
CVS vs. WMT - 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%.
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
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%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
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%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
Frequently Asked Questions
CVS and WMT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (9.86%) compared to CVS (7.50%). In terms of maximum drawdown, CVS dropped -64.07% vs WMT's -77.14%.
CVS currently has the higher Sharpe Ratio (1.92 vs 1.22), 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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