CAH vs. ASML.AS

Last updated Jun 13, 2026

CAH (Cardinal Health, Inc.) and ASML.AS (ASML Holding N.V.) are both stocks. CAH operates in Medical Distribution (Healthcare), while ASML.AS operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, CAH returned 14.31%/yr vs 36.30%/yr for ASML.AS. At a 0.20 correlation, their price movements are largely independent.

Performance

CAH vs. ASML.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cardinal Health, Inc. (CAH) and ASML Holding N.V. (ASML.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAH is traded in USD, while ASML.AS is traded in EUR. To make them comparable, the ASML.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CAH achieves a 9.47% return, which is significantly lower than ASML.AS's 74.79% return. Over the past 10 years, CAH has underperformed ASML.AS with an annualized return of 14.31%, while ASML.AS has yielded a comparatively higher 36.30% annualized return.

CAH

• 1D: 1.22%
• 1M: 14.68%
• YTD: 9.47%
• 6M: 13.51%
• 1Y: 40.25%
• 3Y*: 38.77%
• 5Y*: 33.47%
• 10Y*: 14.31%

ASML.AS

• 1D: 3.29%
• 1M: 24.10%
• YTD: 74.79%
• 6M: 74.13%
• 1Y: 147.50%
• 3Y*: 38.10%
• 5Y*: 23.23%
• 10Y*: 36.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAH vs. ASML.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAH Cardinal Health, Inc.	9.47%	76.25%	19.01%	34.15%	54.08%	-0.40%	10.09%	18.04%	-24.50%	-12.65%
ASML.AS ASML Holding N.V.	74.79%	55.50%	-5.84%	40.98%	-32.17%	66.56%	65.57%	91.52%	-9.12%	56.88%

Correlation

The correlation between CAH and ASML.AS is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 4, 2007	0.20

The correlation between CAH and ASML.AS shifts across timeframes, from -0.01 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CAH vs. ASML.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAH

CAH Risk / Return Rank: 80
CAH Sharpe Ratio Rank: 81
CAH Sortino Ratio Rank: 81
CAH Omega Ratio Rank: 81
CAH Calmar Ratio Rank: 76
CAH Martin Ratio Rank: 78

ASML.AS

ASML.AS Risk / Return Rank: 96
ASML.AS Sharpe Ratio Rank: 97
ASML.AS Sortino Ratio Rank: 95
ASML.AS Omega Ratio Rank: 94
ASML.AS Calmar Ratio Rank: 97
ASML.AS Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAH vs. ASML.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) and ASML Holding N.V. (ASML.AS). 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.

	CAH	ASML.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.40	-2.03
Sortino ratio: Return per unit of downside risk	2.24	3.79	-1.54
Omega ratio: Gain probability vs. loss probability	1.30	1.48	-0.18
Calmar ratio: Return relative to maximum drawdown	2.02	8.62	-6.60
Martin ratio: Return relative to average drawdown	5.31	22.05	-16.74

CAH vs. ASML.AS - Sharpe Ratio Comparison

The current CAH Sharpe Ratio is 1.38, which is lower than the ASML.AS Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of CAH and ASML.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CAH vs. ASML.AS - Drawdown Comparison

The maximum CAH drawdown since its inception was -61.93%, roughly equal to the maximum ASML.AS drawdown of -62.21%. Use the drawdown chart below to compare losses from any high point for CAH and ASML.AS.

Drawdown Indicators

	CAH	ASML.AS	Difference
Max Drawdown Largest peak-to-trough decline	-61.93%	-62.21%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-20.42%	-16.24%	-4.18%
Max Drawdown (3Y) Largest decline over 3 years	-20.42%	-44.77%	+24.35%
Max Drawdown (5Y) Largest decline over 5 years	-22.80%	-56.04%	+33.24%
Max Drawdown (10Y) Largest decline over 10 years	-46.13%	-56.04%	+9.91%
Current Drawdown Current decline from peak	-2.39%	0.00%	-2.39%
Average Drawdown Average peak-to-trough decline	-15.94%	-15.04%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.75%	6.38%	+1.37%

Volatility

CAH vs. ASML.AS - Volatility Comparison

The current volatility for Cardinal Health, Inc. (CAH) is 7.19%, while ASML Holding N.V. (ASML.AS) has a volatility of 13.97%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than ASML.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAH	ASML.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	13.97%	-6.78%
Volatility (6M) Calculated over the trailing 6-month period	20.32%	32.33%	-12.01%
Volatility (1Y) Calculated over the trailing 1-year period	30.30%	41.20%	-10.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.24%	40.32%	-15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.26%	35.45%	-6.19%

Dividends

CAH vs. ASML.AS - Dividend Comparison

CAH's dividend yield for the trailing twelve months is around 0.91%, more than ASML.AS's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML.AS ASML Holding N.V.	0.46%	0.71%	0.92%	0.87%	1.28%	0.47%	0.64%	1.19%	1.02%	0.83%	0.98%	0.85%
CAH Cardinal Health, Inc.	0.91%	0.99%	1.28%	1.98%	2.57%	3.80%	3.62%	3.80%	4.24%	3.00%	2.41%	1.68%

Financials

Frequently Asked Questions

Can I hold both CAH and ASML.AS in my portfolio?

CAH and ASML.AS have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.