CAH vs. EWY
CAH (Cardinal Health, Inc.) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 10 years, CAH returned 12.53%/yr vs 17.46%/yr for EWY. At a 0.28 correlation, their price movements are largely independent.
Performance
CAH vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, CAH achieves a -4.23% return, which is significantly lower than EWY's 119.05% return. Over the past 10 years, CAH has underperformed EWY with an annualized return of 12.53%, while EWY has yielded a comparatively higher 17.46% annualized return.
CAH
- 1D
- 0.50%
- 1M
- -0.61%
- YTD
- -4.23%
- 6M
- -1.45%
- 1Y
- 27.38%
- 3Y*
- 34.49%
- 5Y*
- 31.19%
- 10Y*
- 12.53%
EWY
- 1D
- -0.73%
- 1M
- 30.18%
- YTD
- 119.05%
- 6M
- 134.13%
- 1Y
- 251.82%
- 3Y*
- 51.99%
- 5Y*
- 20.31%
- 10Y*
- 17.46%
CAH vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | -4.23% | 76.25% | 19.01% | 34.15% | 54.08% | -0.40% | 10.09% | 18.04% | -24.50% | -12.65% |
EWY iShares MSCI South Korea ETF | 119.05% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between CAH and EWY is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 15, 2000 | 0.28 |
The correlation between CAH and EWY shifts across timeframes, from -0.01 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CAH vs. EWY — Risk / Return Rank
CAH
EWY
CAH vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) and iShares MSCI South Korea ETF (EWY). 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.
| CAH | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.74 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 10.99 | -9.64 |
| Martin ratioReturn relative to average drawdown | 3.60 | 40.91 | -37.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAH | EWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 6.02 | -5.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.71 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.64 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.33 | +0.22 |
Drawdowns
CAH vs. EWY - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for CAH and EWY.
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Drawdown Indicators
| CAH | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -74.14% | +12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -23.08% | +2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -27.36% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -48.55% | +25.75% |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | -49.73% | +3.60% |
Current DrawdownCurrent decline from peak | -14.60% | -1.73% | -12.87% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -20.13% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 6.19% | +1.44% |
Volatility
CAH vs. EWY - Volatility Comparison
The current volatility for Cardinal Health, Inc. (CAH) is 7.39%, while iShares MSCI South Korea ETF (EWY) has a volatility of 20.32%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAH | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 20.32% | -12.93% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 37.41% | -17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.75% | 42.10% | -12.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 28.83% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.21% | 27.37% | +1.84% |
Dividends
CAH vs. EWY - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 1.04%, more than EWY's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 1.04% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
EWY iShares MSCI South Korea ETF | 0.96% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
Frequently Asked Questions
CAH and EWY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (20.32%) compared to CAH (7.39%). In terms of maximum drawdown, CAH dropped -61.93% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (6.02 vs 0.92), 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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