HWH vs. CVS

Last updated Aug 1, 2026

HWH (HWH International Inc) and CVS (CVS Health Corporation) are both stocks. HWH operates in Leisure (Consumer Cyclical), while CVS operates in Healthcare Plans (Healthcare). Over the past year, HWH returned 3.65% vs 72.47% for CVS. Their -0.01 correlation means they have often moved in opposite directions in the past.

Performance

HWH vs. CVS - Performance Comparison

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

Returns By Period

In the year-to-date period, HWH achieves a -4.70% return, which is significantly lower than CVS's 34.67% return.

HWH

• 1D: -1.39%
• 1M: 5.97%
• 6M: -13.94%
• YTD: -4.70%
• 1Y: 3.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -66.02%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CVS CVS Health Corporation	$797.84M	$795.56M	$824.15M
HWH HWH International Inc	$28.44K	$32.94K	$896.90K

HWH vs. CVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HWH HWH International Inc	-4.70%	-53.79%	-85.67%
CVS CVS Health Corporation	34.67%	84.35%	-42.56%

Correlation

The correlation between HWH and CVS is -0.00, 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.	-0.00
Correlation (All Time) Calculated using the full available price history since Jan 8, 2024	-0.01

Fundamentals

Market Cap HWH : $10.97M CVS : $133.25B
EPS HWH : -$0.52 CVS : $2.30
PS Ratio HWH : 18.72 CVS : 0.33
Total Revenue (TTM) HWH : $389.74K CVS : $407.91B
Gross Profit (TTM) HWH : $230.90K CVS : $56.59B
EBITDA (TTM) HWH : -$3.11M CVS : $9.99B

Return for Risk

HWH vs. CVS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HWH

HWH Risk / Return Rank: 61
HWH Sharpe Ratio Rank: 45
HWH Sortino Ratio Rank: 86
HWH Omega Ratio Rank: 86
HWH Calmar Ratio Rank: 45
HWH Martin Ratio Rank: 44

CVS

CVS Risk / Return Rank: 94
CVS Sharpe Ratio Rank: 95
CVS Sortino Ratio Rank: 91
CVS Omega Ratio Rank: 94
CVS Calmar Ratio Rank: 94
CVS Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HWH vs. CVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HWH International Inc (HWH) and CVS Health Corporation (CVS). 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.

	HWH	CVS	Difference
Sharpe ratio: Return per unit of total volatility	0.01	2.43	-2.41
Sortino ratio: Return per unit of downside risk	2.39	2.80	-0.42
Omega ratio: Gain probability vs. loss probability	1.32	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	0.03	4.49	-4.46
Martin ratio: Return relative to average drawdown	0.04	13.03	-12.98

HWH vs. CVS - Sharpe Ratio Comparison

The current HWH Sharpe Ratio is 0.01, which is lower than the CVS Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of HWH and CVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HWH vs. CVS - Drawdown Comparison

The maximum HWH drawdown since its inception was -95.91%, which is greater than CVS's maximum drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for HWH and CVS.

Drawdown Indicators

	HWH	CVS	Difference
Max Drawdown Largest peak-to-trough decline	-95.91%	-64.07%	-31.84%
Max Drawdown (1Y) Largest decline over 1 year	-85.16%	-16.44%	-68.72%
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 Drawdown Current decline from peak	-93.69%	-4.99%	-88.70%
Average Drawdown Average peak-to-trough decline	-86.75%	-19.48%	-67.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	70.22%	5.66%	+64.56%

Volatility

HWH vs. CVS - Volatility Comparison

HWH International Inc (HWH) has a higher volatility of 23.12% compared to CVS Health Corporation (CVS) at 7.19%. This indicates that HWH's price experiences larger fluctuations and is considered to be riskier than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWH	CVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.12%	7.19%	+15.93%
Volatility (6M) Calculated over the trailing 6-month period	80.32%	21.03%	+59.29%
Volatility (1Y) Calculated over the trailing 1-year period	255.29%	30.46%	+224.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	216.75%	30.13%	+186.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	216.75%	29.39%	+187.36%

Dividends

HWH vs. CVS - Dividend Comparison

HWH has not paid dividends to shareholders, while CVS's dividend yield for the trailing twelve months is around 2.55%.

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%
HWH HWH International 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

Frequently Asked Questions

Can I hold both HWH and CVS in my portfolio?

HWH and CVS have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWH or CVS?

HWH has higher volatility (23.12%) compared to CVS (7.19%). In terms of maximum drawdown, HWH dropped -95.91% vs CVS's -64.07%.

Which has better risk-adjusted returns?

CVS currently has the higher Sharpe Ratio (2.43 vs 0.01), 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.