USB vs. ELV
USB (U.S. Bancorp) and ELV (Elevance Health, Inc.) are both stocks. USB operates in Banks - Regional (Financial Services), while ELV operates in Healthcare Plans (Healthcare). Over the past 10 years, USB returned 8.02%/yr vs 11.88%/yr for ELV. At a 0.33 correlation, their price movements are largely independent.
Performance
USB vs. ELV - Performance Comparison
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Returns By Period
In the year-to-date period, USB achieves a 20.57% return, which is significantly higher than ELV's 10.16% return. Over the past 10 years, USB has underperformed ELV with an annualized return of 8.02%, while ELV has yielded a comparatively higher 11.88% annualized return.
USB
- 1D
- 0.00%
- 1M
- 9.53%
- 6M
- 18.27%
- YTD
- 20.57%
- 1Y
- 43.70%
- 3Y*
- 23.37%
- 5Y*
- 6.54%
- 10Y*
- 8.02%
- ALL TIME*
- 13.10%
ELV
- 1D
- 2.44%
- 1M
- -1.61%
- 6M
- 3.01%
- YTD
- 10.16%
- 1Y
- 40.84%
- 3Y*
- -5.51%
- 5Y*
- 1.37%
- 10Y*
- 11.88%
- ALL TIME*
- 13.69%
USB vs. ELV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USB U.S. Bancorp | 20.57% | 16.48% | 15.62% | 4.79% | -19.13% | 24.32% | -17.85% | 33.62% | -12.36% | 6.61% |
ELV Elevance Health, Inc. | 10.16% | -3.14% | -20.72% | -6.89% | 11.83% | 46.12% | 7.74% | 16.33% | 18.11% | 58.72% |
Correlation
The correlation between USB and ELV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2001 | 0.33 |
Over the past year, the correlation between USB and ELV has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
Fundamentals
USB:
$98.36B
ELV:
$82.89B
USB:
$5.25
ELV:
$22.41
USB:
12.02
ELV:
17.06
USB:
2.25
ELV:
0.42
USB:
1.62
ELV:
1.86
USB:
$43.74B
ELV:
$201.11B
USB:
$27.90B
ELV:
$78.34B
USB:
$10.86B
ELV:
$8.01B
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Return for Risk
USB vs. ELV — Risk / Return Rank
USB
ELV
USB vs. ELV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Bancorp (USB) and Elevance Health, Inc. (ELV). 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.
| USB | ELV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.22 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.55 | +1.16 |
| Martin ratioReturn relative to average drawdown | 6.89 | 4.03 | +2.87 |
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Drawdowns
USB vs. ELV - Drawdown Comparison
The maximum USB drawdown since its inception was -76.08%, which is greater than ELV's maximum drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for USB and ELV.
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Drawdown Indicators
| USB | ELV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.08% | -67.19% | -8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.21% | -26.49% | +10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.63% | -50.38% | +19.75% |
Max Drawdown (5Y)Largest decline over 5 years | -52.13% | -50.38% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -52.13% | -50.38% | -1.75% |
Current DrawdownCurrent decline from peak | -1.36% | -29.50% | +28.14% |
Average DrawdownAverage peak-to-trough decline | -15.59% | -15.34% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 10.17% | -3.81% |
Volatility
USB vs. ELV - Volatility Comparison
The current volatility for U.S. Bancorp (USB) is 6.03%, while Elevance Health, Inc. (ELV) has a volatility of 14.46%. This indicates that USB experiences smaller price fluctuations and is considered to be less risky than ELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USB | ELV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 14.46% | -8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 17.23% | 29.88% | -12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 36.33% | -13.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 29.61% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.29% | 31.11% | -0.82% |
Dividends
USB vs. ELV - Dividend Comparison
USB's dividend yield for the trailing twelve months is around 3.29%, more than ELV's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health, Inc. | 1.79% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
USB U.S. Bancorp | 3.29% | 3.82% | 4.14% | 4.46% | 4.31% | 3.13% | 3.61% | 2.66% | 2.93% | 2.16% | 2.08% | 2.37% |
Financials
USB vs. ELV - Financials Comparison
This section allows you to compare key financial metrics between U.S. Bancorp and Elevance Health, Inc.. 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
USB vs. ELV - Profitability Comparison
USB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, U.S. Bancorp reported a gross profit of 7.15B and revenue of 10.92B. Therefore, the gross margin over that period was 65.4%.
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported a gross profit of 44.98B and revenue of 50.47B. Therefore, the gross margin over that period was 89.1%.
USB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, U.S. Bancorp reported an operating income of 2.72B and revenue of 10.92B, resulting in an operating margin of 24.9%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported an operating income of 2.06B and revenue of 50.47B, resulting in an operating margin of 4.1%.
USB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, U.S. Bancorp reported a net income of 2.18B and revenue of 10.92B, resulting in a net margin of 19.9%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported a net income of 1.46B and revenue of 50.47B, resulting in a net margin of 2.9%.
Frequently Asked Questions
USB and ELV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELV has higher volatility (14.46%) compared to USB (6.03%). In terms of maximum drawdown, USB dropped -76.08% vs ELV's -67.19%.
USB currently has the higher Sharpe Ratio (1.96 vs 1.13), 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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