The present disclosure pertains to systems and methods for monitoring a capacitance-coupled voltage transformer (CCVT) in electrical communication with the electric power delivery system, the CCVT comprising a stack of capacitors and an electrical contact to a first ground connection. A first current transformer is disposed between the stack of capacitors and the first ground connection. The current transformer provides an electrical signal corresponding to a current associated with the CCVT. A second transformer is disposed to provide a second electrical signal related to the CCVT. The second signal may be a voltage signal or a current signal. An intelligent electronic device (IED) in electrical communication with the current measurement devices monitors a health factor comprising a ratio of magnitudes or a difference between phases from the transformers at a single frequency. The health factor is compared against an acceptable range and an alarm is generated when the range is exceeded.