HSIC vs. CAH

Last updated Jun 4, 2026

HSIC (Henry Schein, Inc.) and CAH (Cardinal Health, Inc.) are both stocks. Both operate in the Medical Distribution industry within the Healthcare sector. Over the past 10 years, HSIC returned 0.94%/yr vs 12.53%/yr for CAH. At a 0.37 correlation, their price movements are largely independent.

Performance

HSIC vs. CAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Henry Schein, Inc. (HSIC) and Cardinal Health, Inc. (CAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSIC achieves a 0.21% return, which is significantly higher than CAH's -4.23% return. Over the past 10 years, HSIC has underperformed CAH with an annualized return of 0.94%, while CAH has yielded a comparatively higher 12.53% annualized return.

HSIC

• 1D: -0.39%
• 1M: 5.17%
• YTD: 0.21%
• 6M: 3.92%
• 1Y: 7.33%
• 3Y*: 0.59%
• 5Y*: -0.56%
• 10Y*: 0.94%

CAH

• 1D: 0.50%
• 1M: -0.61%
• YTD: -4.23%
• 6M: -1.45%
• 1Y: 27.38%
• 3Y*: 34.49%
• 5Y*: 31.19%
• 10Y*: 12.53%

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

HSIC vs. CAH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSIC Henry Schein, Inc.	0.21%	9.22%	-8.60%	-5.21%	3.02%	15.96%	0.21%	8.34%	12.36%	-7.88%
CAH Cardinal Health, Inc.	-4.23%	76.25%	19.01%	34.15%	54.08%	-0.40%	10.09%	18.04%	-24.50%	-12.65%

Correlation

The correlation between HSIC and CAH 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	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 6, 1995	0.37

Over the past year, the correlation between HSIC and CAH has dropped to 0.15 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Fundamentals

Market Cap HSIC : $8.79B CAH : $46.22B
EPS HSIC : $3.30 CAH : $6.55
PE Ratio HSIC : 22.92 CAH : 29.90
PS Ratio HSIC : 0.68 CAH : 0.19
Total Revenue (TTM) HSIC : $13.38B CAH : $250.55B
Gross Profit (TTM) HSIC : $3.91B CAH : $9.23B
EBITDA (TTM) HSIC : $940.00M CAH : $2.79B

Return for Risk

HSIC vs. CAH — Risk / Return Rank

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

HSIC

HSIC Risk / Return Rank: 48
HSIC Sharpe Ratio Rank: 50
HSIC Sortino Ratio Rank: 44
HSIC Omega Ratio Rank: 43
HSIC Calmar Ratio Rank: 50
HSIC Martin Ratio Rank: 50

CAH

CAH Risk / Return Rank: 68
CAH Sharpe Ratio Rank: 69
CAH Sortino Ratio Rank: 68
CAH Omega Ratio Rank: 68
CAH Calmar Ratio Rank: 66
CAH Martin Ratio Rank: 69

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.

HSIC vs. CAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Henry Schein, Inc. (HSIC) and Cardinal Health, Inc. (CAH). 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.

	HSIC	CAH	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.92	-0.65
Sortino ratio Return per unit of downside risk	0.60	1.65	-1.05
Omega ratio Gain probability vs. loss probability	1.07	1.22	-0.15
Calmar ratio Return relative to maximum drawdown	0.43	1.35	-0.92
Martin ratio Return relative to average drawdown	0.89	3.60	-2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSIC vs. CAH - Sharpe Ratio Comparison

The current HSIC Sharpe Ratio is 0.27, which is lower than the CAH Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of HSIC and CAH, 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

	HSIC	CAH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.92	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	1.24	-1.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.43	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.56	-0.27

Drawdowns

HSIC vs. CAH - Drawdown Comparison

The maximum HSIC drawdown since its inception was -78.49%, which is greater than CAH's maximum drawdown of -61.93%. Use the drawdown chart below to compare losses from any high point for HSIC and CAH.

Drawdown Indicators

	HSIC	CAH	Difference
Max Drawdown Largest peak-to-trough decline	-78.49%	-61.93%	-16.56%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-20.42%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-20.42%	-4.17%
Max Drawdown (5Y) Largest decline over 5 years	-32.70%	-22.80%	-9.90%
Max Drawdown (10Y) Largest decline over 10 years	-41.42%	-46.13%	+4.71%
Current Drawdown Current decline from peak	-17.64%	-14.60%	-3.04%
Average Drawdown Average peak-to-trough decline	-15.26%	-15.94%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	7.63%	+0.64%

Volatility

HSIC vs. CAH - Volatility Comparison

Henry Schein, Inc. (HSIC) has a higher volatility of 7.87% compared to Cardinal Health, Inc. (CAH) at 7.39%. This indicates that HSIC's price experiences larger fluctuations and is considered to be riskier than CAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSIC	CAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.87%	7.39%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	17.80%	19.63%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	27.29%	29.75%	-2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.41%	25.20%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.53%	29.21%	-1.68%

Dividends

HSIC vs. CAH - Dividend Comparison

HSIC has not paid dividends to shareholders, while CAH's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAH Cardinal Health, Inc.	1.04%	0.99%	1.28%	1.98%	2.57%	3.80%	3.62%	3.80%	4.24%	3.00%	2.41%	1.68%
HSIC Henry Schein, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

HSIC vs. CAH - Profitability Comparison

The chart below illustrates the profitability comparison between Henry Schein, Inc. and Cardinal Health, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HSIC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Henry Schein, Inc. reported a gross profit of 1.00B and revenue of 3.37B. Therefore, the gross margin over that period was 29.8%.

CAH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a gross profit of 2.50B and revenue of 60.94B. Therefore, the gross margin over that period was 4.1%.

HSIC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Henry Schein, Inc. reported an operating income of 194.00M and revenue of 3.37B, resulting in an operating margin of 5.8%.

CAH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported an operating income of 509.00M and revenue of 60.94B, resulting in an operating margin of 0.8%.

HSIC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Henry Schein, Inc. reported a net income of 107.00M and revenue of 3.37B, resulting in a net margin of 3.2%.

CAH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a net income of 399.00M and revenue of 60.94B, resulting in a net margin of 0.7%.

Frequently Asked Questions

Can I hold both HSIC and CAH in my portfolio?

HSIC and CAH 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.

Which is riskier, HSIC or CAH?

HSIC has higher volatility (7.87%) compared to CAH (7.39%). In terms of maximum drawdown, HSIC dropped -78.49% vs CAH's -61.93%.

Which has better risk-adjusted returns?

CAH currently has the higher Sharpe Ratio (0.92 vs 0.27), 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.