EW vs. EZJ
EW (Edwards Lifesciences Corporation) is a stock, while EZJ (ProShares Ultra MSCI Japan) is Japan Equities fund tracking the MSCI Japan Index (200%). Over the past 10 years, EW returned 9.56%/yr vs 9.82%/yr for EZJ. At a 0.31 correlation, their price movements are largely independent.
Performance
EW vs. EZJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EW achieves a 3.04% return, which is significantly lower than EZJ's 22.21% return. Both investments have delivered pretty close results over the past 10 years, with EW having a 9.56% annualized return and EZJ not far ahead at 9.82%.
EW
- 1D
- 0.65%
- 1M
- -0.84%
- 6M
- 3.96%
- YTD
- 3.04%
- 1Y
- 15.37%
- 3Y*
- -1.76%
- 5Y*
- -3.86%
- 10Y*
- 9.56%
EZJ
- 1D
- -3.75%
- 1M
- -5.92%
- 6M
- 9.65%
- YTD
- 22.21%
- 1Y
- 59.09%
- 3Y*
- 23.02%
- 5Y*
- 7.83%
- 10Y*
- 9.82%
EW vs. EZJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EW Edwards Lifesciences Corporation | 3.04% | 15.16% | -2.91% | 2.20% | -42.41% | 42.00% | 17.32% | 52.31% | 35.90% | 20.29% |
EZJ ProShares Ultra MSCI Japan | 22.21% | 42.72% | 3.31% | 30.78% | -38.23% | -1.96% | 22.21% | 33.76% | -30.99% | 49.10% |
Correlation
The correlation between EW and EZJ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2009 | 0.31 |
The correlation between EW and EZJ shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EW vs. EZJ — Risk / Return Rank
EW
EZJ
EW vs. EZJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Edwards Lifesciences Corporation (EW) and ProShares Ultra MSCI Japan (EZJ). 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.
| EW | EZJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.22 | -1.01 |
| Martin ratioReturn relative to average drawdown | 2.97 | 6.62 | -3.65 |
Loading charts...
Drawdowns
EW vs. EZJ - Drawdown Comparison
The maximum EW drawdown since its inception was -54.32%, smaller than the maximum EZJ drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for EW and EZJ.
Loading charts...
Drawdown Indicators
| EW | EZJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -58.63% | +4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -26.78% | +14.05% |
Max Drawdown (3Y)Largest decline over 3 years | -37.53% | -31.48% | -6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -54.32% | -58.63% | +4.31% |
Max Drawdown (10Y)Largest decline over 10 years | -54.32% | -58.63% | +4.31% |
Current DrawdownCurrent decline from peak | -32.78% | -11.38% | -21.40% |
Average DrawdownAverage peak-to-trough decline | -14.54% | -21.19% | +6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 8.95% | -3.76% |
Volatility
EW vs. EZJ - Volatility Comparison
The current volatility for Edwards Lifesciences Corporation (EW) is 8.03%, while ProShares Ultra MSCI Japan (EZJ) has a volatility of 14.72%. This indicates that EW experiences smaller price fluctuations and is considered to be less risky than EZJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EW | EZJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 14.72% | -6.69% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 34.89% | -15.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.86% | 42.57% | -17.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.76% | 37.24% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.26% | 34.70% | -2.44% |
Dividends
EW vs. EZJ - Dividend Comparison
EW has not paid dividends to shareholders, while EZJ's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EW Edwards Lifesciences Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EZJ ProShares Ultra MSCI Japan | 1.94% | 1.13% | 2.09% | 1.11% | 0.56% | 0.00% | 0.00% | 0.24% | 4.49% |
Frequently Asked Questions
EW and EZJ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZJ has higher volatility (14.72%) compared to EW (8.03%). In terms of maximum drawdown, EW dropped -54.32% vs EZJ's -58.63%.
EZJ currently has the higher Sharpe Ratio (1.40 vs 0.62), 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.
Find the right allocation for EW and EZJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer