ICE vs. CVS
ICE (Intercontinental Exchange, Inc.) and CVS (CVS Health Corporation) are both stocks. ICE operates in Financial Data & Stock Exchanges (Financial Services), while CVS operates in Healthcare Plans (Healthcare). Over the past 10 years, ICE returned 11.91%/yr vs 3.70%/yr for CVS. At a 0.28 correlation, their price movements are largely independent.
Performance
ICE vs. CVS - Performance Comparison
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Returns By Period
In the year-to-date period, ICE achieves a -12.95% return, which is significantly lower than CVS's 30.67% return. Over the past 10 years, ICE has outperformed CVS with an annualized return of 11.91%, while CVS has yielded a comparatively lower 3.70% annualized return.
ICE
- 1D
- 1.12%
- 1M
- -9.22%
- YTD
- -12.95%
- 6M
- -13.36%
- 1Y
- -20.60%
- 3Y*
- 10.22%
- 5Y*
- 5.87%
- 10Y*
- 11.91%
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%
ICE vs. CVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICE Intercontinental Exchange, Inc. | -12.95% | 9.92% | 17.46% | 27.12% | -23.91% | 19.94% | 26.15% | 24.47% | 8.11% | 26.60% |
CVS CVS Health Corporation | 30.67% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
Correlation
The correlation between ICE and CVS is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2005 | 0.28 |
Over the past year, the correlation between ICE and CVS has dropped to 0.04 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
ICE:
$80.10B
CVS:
$130.41B
ICE:
$6.85
CVS:
$2.30
ICE:
20.53
CVS:
44.29
ICE:
6.15
CVS:
0.32
ICE:
2.71
CVS:
1.68
ICE:
$13.08B
CVS:
$407.91B
ICE:
$8.93B
CVS:
$56.59B
ICE:
$7.05B
CVS:
$9.99B
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Return for Risk
ICE vs. CVS — Risk / Return Rank
ICE
CVS
ICE vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intercontinental Exchange, Inc. (ICE) 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.
| ICE | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.35 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.62 | -4.42 |
| Martin ratioReturn relative to average drawdown | -1.50 | 9.33 | -10.83 |
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Drawdowns
ICE vs. CVS - Drawdown Comparison
The maximum ICE drawdown since its inception was -73.94%, which is greater than CVS's maximum drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for ICE and CVS.
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Drawdown Indicators
| ICE | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.94% | -64.07% | -9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -25.87% | -16.44% | -9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -43.98% | +18.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -56.79% | +22.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.32% | -56.79% | +22.47% |
Current DrawdownCurrent decline from peak | -24.75% | 0.00% | -24.75% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -19.54% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 6.38% | +7.36% |
Volatility
ICE vs. CVS - Volatility Comparison
The current volatility for Intercontinental Exchange, Inc. (ICE) is 6.26%, while CVS Health Corporation (CVS) has a volatility of 7.50%. This indicates that ICE experiences smaller price fluctuations and is considered to be less risky than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICE | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 7.50% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 25.88% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 31.05% | -9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 29.98% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 29.30% | -7.10% |
Dividends
ICE vs. CVS - Dividend Comparison
ICE's dividend yield for the trailing twelve months is around 1.39%, less than CVS's 2.61% 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% |
ICE Intercontinental Exchange, Inc. | 1.39% | 1.19% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% |
Financials
ICE vs. CVS - Financials Comparison
This section allows you to compare key financial metrics between Intercontinental Exchange, Inc. and CVS Health Corporation. 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
ICE vs. CVS - Profitability Comparison
ICE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a gross profit of 2.89B and revenue of 3.67B. Therefore, the gross margin over that period was 78.8%.
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%.
ICE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported an operating income of 1.67B and revenue of 3.67B, resulting in an operating margin of 45.4%.
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%.
ICE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a net income of 1.41B and revenue of 3.67B, resulting in a net margin of 38.5%.
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%.
Frequently Asked Questions
ICE and CVS have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVS has higher volatility (7.50%) compared to ICE (6.26%). In terms of maximum drawdown, ICE dropped -73.94% vs CVS's -64.07%.
CVS currently has the higher Sharpe Ratio (1.92 vs -0.95), 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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