CAH vs. IEZ
CAH (Cardinal Health, Inc.) is a stock, while IEZ (iShares U.S. Oil Equipment & Services ETF) is Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index. Over the past 10 years, CAH returned 12.53%/yr vs -0.13%/yr for IEZ. At a 0.31 correlation, their price movements are largely independent.
Performance
CAH vs. IEZ - 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 IEZ's 47.84% return. Over the past 10 years, CAH has outperformed IEZ with an annualized return of 12.53%, while IEZ has yielded a comparatively lower -0.13% 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%
IEZ
- 1D
- 0.03%
- 1M
- -3.54%
- YTD
- 47.84%
- 6M
- 42.02%
- 1Y
- 85.10%
- 3Y*
- 19.17%
- 5Y*
- 13.91%
- 10Y*
- -0.13%
CAH vs. IEZ - 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% |
IEZ iShares U.S. Oil Equipment & Services ETF | 47.84% | 7.51% | -8.15% | 4.43% | 65.73% | 15.98% | -42.98% | 1.82% | -42.47% | -18.18% |
Correlation
The correlation between CAH and IEZ 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 8, 2006 | 0.31 |
The correlation between CAH and IEZ shifts across timeframes, from -0.03 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CAH vs. IEZ — Risk / Return Rank
CAH
IEZ
CAH vs. IEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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 | IEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.46 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 8.29 | -6.94 |
| Martin ratioReturn relative to average drawdown | 3.60 | 22.60 | -19.00 |
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 | IEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 3.00 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.38 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | -0.00 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.04 | +0.59 |
Drawdowns
CAH vs. IEZ - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for CAH and IEZ.
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Drawdown Indicators
| CAH | IEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -92.52% | +30.59% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -10.32% | -10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -40.25% | +19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -40.25% | +17.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | -88.29% | +42.16% |
Current DrawdownCurrent decline from peak | -14.60% | -51.21% | +36.61% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -48.26% | +32.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 3.78% | +3.85% |
Volatility
CAH vs. IEZ - Volatility Comparison
The current volatility for Cardinal Health, Inc. (CAH) is 7.39%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 7.95%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAH | IEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 7.95% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 20.11% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.75% | 28.62% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 36.35% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.21% | 41.56% | -12.35% |
Dividends
CAH vs. IEZ - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 1.04%, less than IEZ's 1.18% 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% |
IEZ iShares U.S. Oil Equipment & Services ETF | 1.18% | 1.87% | 1.76% | 0.97% | 0.65% | 1.20% | 2.07% | 2.28% | 1.81% | 3.42% | 0.91% | 2.40% |
Frequently Asked Questions
CAH and IEZ 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.
IEZ has higher volatility (7.95%) compared to CAH (7.39%). In terms of maximum drawdown, CAH dropped -61.93% vs IEZ's -92.52%.
IEZ currently has the higher Sharpe Ratio (3.00 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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