CNC vs SPY
Comparison between Centene Corp (CNC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed CNC, delivering a return of +13.3% compared to -4.5%
CNC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CNC
$27B
Winner
SPY
$652B
Expense Ratio
CNC
N/A
SPY
0.09%
Max Drawdown
CNC
74.07%
Winner
SPY
56.47%
Sharpe Ratio
CNC
0.13
Winner
SPY
2.07
5Y Beta
Winner
CNC
0.20
SPY
1.00
Industry
CNC
Healthcare Plans
SPY
N/A
P/E Ratio
Winner
CNC
-4.21
SPY
28.24
Forward P/E
Winner
CNC
15.22
SPY
21.85
PEG Ratio
CNC
1.01
SPY
N/A
5Y Dividends CAGR
CNC
N/A
SPY
5.43%
5Y EPS CAGR
CNC
N/A
SPY
25.79%
Debt to Equity
CNC
76.40%
Winner
SPY
22.35%
Free Cash Flow Yield
CNC
26.04%
SPY
N/A
P/S Ratio
Winner
CNC
0.15
SPY
3.55
P/B Ratio
Winner
CNC
1.22
SPY
5.29
CNC vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CNC
+50.11%
SPY
+9.11%
3M
Winner
CNC
+47.11%
SPY
+6.59%
6M
Winner
CNC
+48.99%
SPY
+10.56%
1Y
CNC
-10.35%
Winner
SPY
+32.04%
5Y(CAGR)
CNC
-4.50%
Winner
SPY
+13.35%
10Y(CAGR)
CNC
+6.32%
Winner
SPY
+15.49%
Max(CAGR)
Winner
CNC
+16.21%
SPY
+8.50%
CNC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CNC | SPY |
|---|---|---|
| 2026 | +33.94% | +8.27% |
| 2025 | -31.99% | +18.00% |
| 2024 | -21.15% | +25.59% |
| 2023 | -6.94% | +26.72% |
| 2022 | -0.77% | -18.64% |
| 2021 | +32.71% | +30.52% |
| 2020 | -2.99% | +17.28% |
| 2019 | +11.27% | +31.09% |
| 2018 | +12.39% | -5.24% |
| 2017 | +73.01% | +20.78% |
| 2016 | -14.42% | +13.59% |
| 2015 | +26.02% | +1.31% |
| 2014 | +75.90% | +14.56% |
| 2013 | +42.53% | +29.00% |
| 2012 | +2.47% | +14.17% |
| 2011 | +49.85% | +0.85% |
| 2010 | +16.77% | +13.14% |
| 2009 | +8.18% | +22.67% |
| 2008 | -28.54% | -36.25% |
| 2007 | +11.41% | +5.32% |
| 2006 | -7.11% | +13.85% |
| 2005 | -8.30% | +5.32% |
| 2004 | +97.08% | +10.75% |
| 2003 | +21.78% | +24.18% |
| 2002 | +52.69% | -22.42% |
| 2001 | +27.62% | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
CNC vs SPY Drawdown Comparison
The maximum drawdown for CNC was -74.07%, occurring on Aug 6, 2025. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CNC drawdown is -42.44%.
| Rank | CNC | SPY |
|---|---|---|
| #1 | -74.07% Aug 15, 2022 - Aug 6, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -64.42% Jul 20, 2005 - Jul 7, 2011 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -47.17% Apr 5, 2012 - May 13, 2013 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -41.82% Aug 29, 2018 - May 21, 2021 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -37.80% Jun 25, 2015 - Jun 22, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -31.70% Dec 30, 2002 - Jun 3, 2003 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -30.50% Jul 7, 2011 - Nov 30, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -27.97% Feb 16, 2005 - Jul 8, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -27.37% Jun 28, 2002 - Oct 30, 2002 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -25.21% Oct 27, 2003 - May 26, 2004 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -22.48% Apr 23, 2002 - Jun 28, 2002 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -20.04% Jul 12, 2021 - Nov 9, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -18.26% Oct 16, 2013 - Apr 24, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -17.48% Nov 20, 2002 - Dec 24, 2002 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -16.03% Jul 29, 2003 - Sep 16, 2003 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CNC and SPY is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
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