CAH vs. EWJ
CAH (Cardinal Health, Inc.) is a stock, while EWJ (iShares MSCI Japan ETF) is Japan Equities fund tracking the MSCI Japan Index. Over the past 10 years, CAH returned 14.12%/yr vs 9.06%/yr for EWJ. At a 0.28 correlation, their price movements are largely independent.
Performance
CAH vs. EWJ - Performance Comparison
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Returns By Period
In the year-to-date period, CAH achieves a 14.51% return, which is significantly lower than EWJ's 15.46% return. Over the past 10 years, CAH has outperformed EWJ with an annualized return of 14.12%, while EWJ has yielded a comparatively lower 9.06% annualized return.
CAH
- 1D
- -0.91%
- 1M
- 4.61%
- 6M
- 15.91%
- YTD
- 14.51%
- 1Y
- 46.67%
- 3Y*
- 37.99%
- 5Y*
- 35.48%
- 10Y*
- 14.12%
EWJ
- 1D
- -1.94%
- 1M
- 0.55%
- 6M
- 9.30%
- YTD
- 15.46%
- 1Y
- 33.65%
- 3Y*
- 17.46%
- 5Y*
- 8.72%
- 10Y*
- 9.06%
CAH vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 14.51% | 76.25% | 19.01% | 34.15% | 54.08% | -0.40% | 10.09% | 18.04% | -24.50% | -12.65% |
EWJ iShares MSCI Japan ETF | 15.46% | 25.84% | 7.03% | 20.29% | -17.72% | 1.16% | 15.40% | 19.34% | -14.10% | 24.27% |
Correlation
The correlation between CAH and EWJ is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.28 |
The correlation between CAH and EWJ shifts across timeframes, from -0.03 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CAH vs. EWJ — Risk / Return Rank
CAH
EWJ
CAH vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) and iShares MSCI Japan ETF (EWJ). 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 | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.49 | -0.19 |
| Martin ratioReturn relative to average drawdown | 6.79 | 8.33 | -1.54 |
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Drawdowns
CAH vs. EWJ - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, roughly equal to the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for CAH and EWJ.
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Drawdown Indicators
| CAH | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -60.93% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -13.59% | -6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -14.68% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -33.14% | +10.34% |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | -33.14% | -12.99% |
Current DrawdownCurrent decline from peak | -2.52% | -4.38% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -21.67% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 4.05% | +2.84% |
Volatility
CAH vs. EWJ - Volatility Comparison
The current volatility for Cardinal Health, Inc. (CAH) is 5.59%, while iShares MSCI Japan ETF (EWJ) has a volatility of 7.67%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAH | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 7.67% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 17.04% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.05% | 20.80% | +9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 18.54% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.23% | 17.35% | +11.88% |
Dividends
CAH vs. EWJ - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 0.88%, less than EWJ's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 0.88% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
EWJ iShares MSCI Japan ETF | 3.84% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
Frequently Asked Questions
CAH and EWJ have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWJ has higher volatility (7.67%) compared to CAH (5.59%). In terms of maximum drawdown, CAH dropped -61.93% vs EWJ's -60.93%.
EWJ currently has the higher Sharpe Ratio (1.63 vs 1.56), 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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