IVV vs. CVS
IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while CVS (CVS Health Corporation) is a stock. Over the past 10 years, IVV returned 15.47%/yr vs 3.70%/yr for CVS. At a 0.44 correlation, their price movements are largely independent.
Performance
IVV vs. CVS - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 9.08% return, which is significantly lower than CVS's 30.67% return. Over the past 10 years, IVV has outperformed CVS with an annualized return of 15.47%, while CVS has yielded a comparatively lower 3.70% annualized return.
IVV
- 1D
- 0.55%
- 1M
- 0.36%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 25.77%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
CVS
- 1D
- 1.47%
- 1M
- 6.33%
- YTD
- 30.67%
- 6M
- 30.57%
- 1Y
- 56.67%
- 3Y*
- 16.60%
- 5Y*
- 7.08%
- 10Y*
- 3.70%
IVV vs. CVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
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 IVV and CVS is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.44 |
Over the past year, the correlation between IVV and CVS has dropped to 0.08 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
IVV vs. CVS — Risk / Return Rank
IVV
CVS
IVV vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
| IVV | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.62 | -0.87 |
| Martin ratioReturn relative to average drawdown | 12.43 | 9.33 | +3.11 |
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Drawdowns
IVV vs. CVS - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, smaller than the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for IVV and CVS.
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Drawdown Indicators
| IVV | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -64.07% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -16.44% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -43.98% | +25.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -56.79% | +32.26% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -56.79% | +22.89% |
Current DrawdownCurrent decline from peak | -2.35% | 0.00% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -19.54% | +8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 6.38% | -4.41% |
Volatility
IVV vs. CVS - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 4.37%, while CVS Health Corporation (CVS) has a volatility of 7.50%. This indicates that IVV 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
| IVV | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 7.50% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 25.88% | -16.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 31.05% | -18.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 29.98% | -13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 29.30% | -11.22% |
Dividends
IVV vs. CVS - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.08%, 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% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
IVV and CVS have a correlation of 0.08, 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 IVV (4.37%). In terms of maximum drawdown, IVV dropped -55.25% vs CVS's -64.07%.
IVV currently has the higher Sharpe Ratio (2.00 vs 1.92), 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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