UNH vs. CNC
Compare and contrast key facts about UnitedHealth Group Incorporated (UNH) and Centene Corporation (CNC).
Performance
UNH vs. CNC - Performance Comparison
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UNH vs. CNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | -16.36% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
CNC Centene Corporation | -17.50% | -32.07% | -18.37% | -9.51% | -0.47% | 37.26% | -4.52% | 9.05% | 14.29% | 78.52% |
Fundamentals
UNH:
$249.32B
CNC:
$16.67B
UNH:
$15.62
CNC:
-$13.57
UNH:
0.56
CNC:
0.09
UNH:
2.49
CNC:
0.84
UNH:
$447.57B
CNC:
$194.78B
UNH:
$82.92B
CNC:
$23.83B
UNH:
$23.19B
CNC:
-$5.14B
Returns By Period
In the year-to-date period, UNH achieves a -16.36% return, which is significantly higher than CNC's -17.50% return. Over the past 10 years, UNH has outperformed CNC with an annualized return of 9.53%, while CNC has yielded a comparatively lower 0.95% annualized return.
UNH
- 1D
- 1.25%
- 1M
- -6.38%
- YTD
- -16.36%
- 6M
- -20.19%
- 1Y
- -46.15%
- 3Y*
- -14.96%
- 5Y*
- -4.05%
- 10Y*
- 9.53%
CNC
- 1D
- 3.70%
- 1M
- -23.88%
- YTD
- -17.50%
- 6M
- -5.01%
- 1Y
- -43.84%
- 3Y*
- -18.71%
- 5Y*
- -11.70%
- 10Y*
- 0.95%
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Return for Risk
UNH vs. CNC — Risk / Return Rank
UNH
CNC
UNH vs. CNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) and Centene Corporation (CNC). 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.
| UNH | CNC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.91 | -0.70 | -0.20 |
Sortino ratioReturn per unit of downside risk | -1.12 | -0.66 | -0.46 |
Omega ratioGain probability vs. loss probability | 0.82 | 0.88 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.73 | -0.04 |
Martin ratioReturn relative to average drawdown | -1.02 | -1.12 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UNH | CNC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | -0.70 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.30 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.03 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.33 | +0.27 |
Correlation
The correlation between UNH and CNC is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UNH vs. CNC - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 3.23%, while CNC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 3.23% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
CNC Centene Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UNH vs. CNC - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, roughly equal to the maximum CNC drawdown of -74.07%. Use the drawdown chart below to compare losses from any high point for UNH and CNC.
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Drawdown Indicators
| UNH | CNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -74.07% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -60.06% | -60.79% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | -74.07% | +12.68% |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | -74.07% | +12.68% |
Current DrawdownCurrent decline from peak | -54.58% | -65.08% | +10.50% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -21.95% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.53% | 39.19% | +6.34% |
Volatility
UNH vs. CNC - Volatility Comparison
The current volatility for UnitedHealth Group Incorporated (UNH) is 7.69%, while Centene Corporation (CNC) has a volatility of 20.80%. This indicates that UNH experiences smaller price fluctuations and is considered to be less risky than CNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNH | CNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 20.80% | -13.11% |
Volatility (6M)Calculated over the trailing 6-month period | 29.38% | 37.32% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.09% | 62.57% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.26% | 38.66% | -7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.84% | 38.03% | -8.19% |
Financials
UNH vs. CNC - Financials Comparison
This section allows you to compare key financial metrics between UnitedHealth Group Incorporated and Centene 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
UNH vs. CNC - Profitability Comparison
UNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, UnitedHealth Group Incorporated reported a gross profit of 18.49B and revenue of 113.22B. Therefore, the gross margin over that period was 16.3%.
CNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Centene Corporation reported a gross profit of 7.55B and revenue of 49.73B. Therefore, the gross margin over that period was 15.2%.
UNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, UnitedHealth Group Incorporated reported an operating income of 380.00M and revenue of 113.22B, resulting in an operating margin of 0.3%.
CNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Centene Corporation reported an operating income of -1.74B and revenue of 49.73B, resulting in an operating margin of -3.5%.
UNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, UnitedHealth Group Incorporated reported a net income of 2.18B and revenue of 113.22B, resulting in a net margin of 1.9%.
CNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Centene Corporation reported a net income of -1.10B and revenue of 49.73B, resulting in a net margin of -2.2%.