CVS vs SPY

Comparison between CVS Health Corp (CVS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed CVS, delivering a return of +13.3% compared to +4.6%

CVS vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVS(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$111B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	64.59%	56.47%
Sharpe Ratio	1.13	2.07
5Y Beta	0.33	1.00
Industry	Healthcare Plans	N/A
P/E Ratio	37.71	28.24
Forward P/E	11.27	21.85
PEG Ratio	0.23	N/A
Dividend Yield	3.04%	N/A
5Y Dividends CAGR	5.87%	5.43%
5Y EPS CAGR	-16.42%	25.79%
Debt to Equity	0.00%	22.35%
Free Cash Flow Yield	6.69%	N/A
P/S Ratio	0.28	3.55
P/B Ratio	1.38	5.29

Market Cap / Net Assets

CVS

$111B

Winner

SPY

$652B

Expense Ratio

CVS

N/A

SPY

0.09%

Max Drawdown

CVS

64.59%

Winner

SPY

56.47%

Sharpe Ratio

CVS

1.13

Winner

SPY

2.07

5Y Beta

Winner

CVS

0.33

SPY

1.00

Industry

CVS

Healthcare Plans

SPY

N/A

P/E Ratio

CVS

37.71

Winner

SPY

28.24

Forward P/E

Winner

CVS

11.27

SPY

21.85

PEG Ratio

CVS

0.23

SPY

N/A

Dividend Yield

CVS

3.04%

SPY

N/A

5Y Dividends CAGR

Winner

CVS

5.87%

SPY

5.43%

5Y EPS CAGR

CVS

-16.42%

Winner

SPY

25.79%

Debt to Equity

Winner

CVS

0.00%

SPY

22.35%

Free Cash Flow Yield

CVS

6.69%

SPY

N/A

P/S Ratio

Winner

CVS

0.28

SPY

3.55

P/B Ratio

Winner

CVS

1.38

SPY

5.29

CVS vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CVS	SPY
1 month	+15.91%	+9.11%
3 months	+20.53%	+6.59%
6 months	+16.54%	+10.56%
1 year	+38.28%	+32.04%
5 years(CAGR)	+4.64%	+13.35%
10 years(CAGR)	+1.52%	+15.49%
Max(CAGR)	+7.70%	+8.50%

Winner

CVS

+15.91%

SPY

+9.11%

Winner

CVS

+20.53%

SPY

+6.59%

Winner

CVS

+16.54%

SPY

+10.56%

Winner

CVS

+38.28%

SPY

+32.04%

5Y(CAGR)

CVS

+4.64%

Winner

SPY

+13.35%

10Y(CAGR)

CVS

+1.52%

Winner

SPY

+15.49%

Max(CAGR)

CVS

+7.70%

Winner

SPY

+8.50%

CVS vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CVS	SPY
2026	+14.89%	+8.27%
2025	+87.05%	+18.00%
2024	-42.14%	+25.59%
2023	-12.28%	+26.72%
2022	-8.50%	-18.64%
2021	+51.13%	+30.52%
2020	-4.98%	+17.28%
2019	+17.16%	+31.09%
2018	-8.32%	-5.24%
2017	-7.44%	+20.78%
2016	-16.72%	+13.59%
2015	+4.21%	+1.31%
2014	+38.82%	+14.56%
2013	+46.33%	+29.00%
2012	+18.16%	+14.17%
2011	+18.00%	+0.85%
2010	+6.55%	+13.14%
2009	+10.72%	+22.67%
2008	-26.42%	-36.25%
2007	+29.72%	+5.32%
2006	+17.91%	+13.85%
2005	+18.07%	+5.32%
2004	+26.84%	+10.75%
2003	+43.38%	+24.18%
2002	-14.96%	-22.42%
2001	-47.97%	-10.13%
2000	+59.42%	-8.84%
1999	-1.19%	+8.61%

CVS vs SPY Drawdown Comparison

The maximum drawdown for CVS was -64.07%, occurring on Jan 30, 2003. Recovery took 1088 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CVS drawdown is -5.27%.

Rank	CVS	SPY
#1	-64.07% Mar 8, 2001 - Jul 8, 2005	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-56.78% Feb 8, 2022 - Dec 19, 2024	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-50.09% Jul 29, 2015 - Nov 3, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-45.25% Jun 5, 2008 - Jan 17, 2012	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-31.09% Feb 10, 2000 - Apr 4, 2000	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-25.44% Apr 25, 2000 - Oct 2, 2000	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-24.94% Nov 17, 1999 - Feb 10, 2000	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-24.27% Sep 12, 2006 - Apr 24, 2007	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-21.88% Aug 2, 2005 - Apr 6, 2006	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-15.86% Nov 13, 2007 - May 14, 2008	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-14.91% Dec 28, 2000 - Feb 12, 2001	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-12.04% Nov 1, 1999 - Nov 17, 1999	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-11.28% Apr 6, 2006 - Jul 10, 2006	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-10.54% Nov 27, 2000 - Dec 15, 2000	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-9.98% May 25, 2007 - Sep 26, 2007	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CVS and SPY is 0.76 which considered as a strong positive correlation - the stocks tend to move together.

0.76

-101

Dividend Comparison (1999 - 2026)

CVS vs SPY dividend yield comparison.

Year	CVS	SPY
2026	1.47%	0.24%
2025	3.35%	1.07%
2024	5.93%	1.21%
2023	3.06%	1.40%
2022	2.36%	1.65%
2021	1.94%	1.20%
2020	2.93%	1.52%
2019	2.69%	1.75%
2018	3.05%	2.04%
2017	2.76%	1.80%
2016	2.15%	2.03%
2015	1.43%	2.06%
2014	1.14%	1.87%
2013	1.26%	1.81%
2012	1.34%	2.18%
2011	1.23%	2.05%
2010	1.01%	1.80%
2009	0.95%	1.95%
2008	0.90%	3.02%
2007	0.58%	1.85%
2006	0.50%	1.73%
2005	0.55%	1.73%
2004	0.59%	1.82%
2003	0.64%	1.47%
2002	0.92%	1.70%
2001	0.78%	1.25%
2000	0.39%	1.15%
1999	0.00%	0.24%