VBR vs. CVS
VBR (Vanguard Small-Cap Value ETF) is Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, while CVS (CVS Health Corporation) is a stock. Over the past 10 years, VBR returned 10.99%/yr vs 3.70%/yr for CVS. At a 0.47 correlation, their price movements are largely independent.
Performance
VBR vs. CVS - Performance Comparison
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Returns By Period
In the year-to-date period, VBR achieves a 14.60% return, which is significantly lower than CVS's 30.67% return. Over the past 10 years, VBR has outperformed CVS with an annualized return of 10.99%, while CVS has yielded a comparatively lower 3.70% annualized return.
VBR
- 1D
- 0.87%
- 1M
- 4.91%
- YTD
- 14.60%
- 6M
- 12.92%
- 1Y
- 27.94%
- 3Y*
- 16.09%
- 5Y*
- 8.36%
- 10Y*
- 10.99%
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%
VBR vs. CVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBR Vanguard Small-Cap Value ETF | 14.60% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
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 VBR and CVS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.47 |
Over the past year, the correlation between VBR and CVS has dropped to 0.19 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
VBR vs. CVS — Risk / Return Rank
VBR
CVS
VBR vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value ETF (VBR) 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.
| VBR | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.62 | -0.45 |
| Martin ratioReturn relative to average drawdown | 11.22 | 9.33 | +1.89 |
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Drawdowns
VBR vs. CVS - Drawdown Comparison
The maximum VBR drawdown since its inception was -61.98%, roughly equal to the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for VBR and CVS.
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Drawdown Indicators
| VBR | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -64.07% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -16.44% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -43.98% | +19.79% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -56.79% | +32.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.28% | -56.79% | +11.51% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -19.54% | +11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 6.38% | -3.88% |
Volatility
VBR vs. CVS - Volatility Comparison
The current volatility for Vanguard Small-Cap Value ETF (VBR) is 4.43%, while CVS Health Corporation (CVS) has a volatility of 7.50%. This indicates that VBR 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
| VBR | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 7.50% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 25.88% | -15.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 31.05% | -15.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 29.98% | -10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 29.30% | -7.56% |
Dividends
VBR vs. CVS - Dividend Comparison
VBR's dividend yield for the trailing twelve months is around 1.71%, 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% |
VBR Vanguard Small-Cap Value ETF | 1.71% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Frequently Asked Questions
VBR and CVS have a correlation of 0.19, 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 VBR (4.43%). In terms of maximum drawdown, VBR dropped -61.98% vs CVS's -64.07%.
CVS currently has the higher Sharpe Ratio (1.92 vs 1.83), 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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