EW vs. MCHP
EW (Edwards Lifesciences Corporation) and MCHP (Microchip Technology Incorporated) are both stocks. EW operates in Medical Devices (Healthcare), while MCHP operates in Semiconductors (Technology). Over the past 10 years, EW returned 9.72%/yr vs 15.99%/yr for MCHP. At a 0.30 correlation, their price movements are largely independent.
Performance
EW vs. MCHP - Performance Comparison
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Returns By Period
In the year-to-date period, EW achieves a -0.16% return, which is significantly lower than MCHP's 51.10% return. Over the past 10 years, EW has underperformed MCHP with an annualized return of 9.72%, while MCHP has yielded a comparatively higher 15.99% annualized return.
EW
- 1D
- -0.76%
- 1M
- 4.58%
- YTD
- -0.16%
- 6M
- 2.44%
- 1Y
- 13.25%
- 3Y*
- -0.88%
- 5Y*
- -3.17%
- 10Y*
- 9.72%
MCHP
- 1D
- 2.47%
- 1M
- 1.99%
- YTD
- 51.10%
- 6M
- 43.32%
- 1Y
- 48.83%
- 3Y*
- 6.19%
- 5Y*
- 6.57%
- 10Y*
- 15.99%
EW vs. MCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EW Edwards Lifesciences Corporation | -0.16% | 15.16% | -2.91% | 2.20% | -42.41% | 42.00% | 17.32% | 52.31% | 35.90% | 20.29% |
MCHP Microchip Technology Incorporated | 51.10% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
Correlation
The correlation between EW and MCHP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2000 | 0.30 |
The correlation between EW and MCHP shifts across timeframes, from 0.18 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
EW:
$1.87
MCHP:
$0.43
EW:
45.49
MCHP:
221.70
EW:
1.46
MCHP:
3.34
EW:
7.89
MCHP:
8.20
EW:
$6.30B
MCHP:
$4.71B
EW:
$4.92B
MCHP:
$2.72B
EW:
$1.44B
MCHP:
$1.02B
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Return for Risk
EW vs. MCHP — Risk / Return Rank
EW
MCHP
EW vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Edwards Lifesciences Corporation (EW) and Microchip Technology Incorporated (MCHP). 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 | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.28 | -0.33 |
| Martin ratioReturn relative to average drawdown | 2.37 | 3.40 | -1.03 |
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Drawdowns
EW vs. MCHP - Drawdown Comparison
The maximum EW drawdown since its inception was -54.32%, smaller than the maximum MCHP drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for EW and MCHP.
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Drawdown Indicators
| EW | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -63.77% | +9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -34.41% | +21.68% |
Max Drawdown (3Y)Largest decline over 3 years | -37.53% | -63.77% | +26.24% |
Max Drawdown (5Y)Largest decline over 5 years | -54.32% | -63.77% | +9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -54.32% | -63.77% | +9.45% |
Current DrawdownCurrent decline from peak | -34.87% | -7.00% | -27.87% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -16.71% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 12.99% | -7.84% |
Volatility
EW vs. MCHP - Volatility Comparison
The current volatility for Edwards Lifesciences Corporation (EW) is 6.36%, while Microchip Technology Incorporated (MCHP) has a volatility of 16.18%. This indicates that EW experiences smaller price fluctuations and is considered to be less risky than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EW | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 16.18% | -9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 18.73% | 32.33% | -13.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.12% | 44.05% | -19.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 44.17% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 41.91% | -9.66% |
Dividends
EW vs. MCHP - Dividend Comparison
EW has not paid dividends to shareholders, while MCHP's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EW Edwards Lifesciences Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHP Microchip Technology Incorporated | 1.91% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
Financials
EW vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Edwards Lifesciences Corporation and Microchip Technology Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EW vs. MCHP - Profitability Comparison
EW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Edwards Lifesciences Corporation reported a gross profit of 1.29B and revenue of 1.65B. Therefore, the gross margin over that period was 78.2%.
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a gross profit of 967.30M and revenue of 1.31B. Therefore, the gross margin over that period was 73.8%.
EW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Edwards Lifesciences Corporation reported an operating income of 514.70M and revenue of 1.65B, resulting in an operating margin of 31.2%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported an operating income of 211.10M and revenue of 1.31B, resulting in an operating margin of 16.1%.
EW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Edwards Lifesciences Corporation reported a net income of 380.70M and revenue of 1.65B, resulting in a net margin of 23.1%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a net income of 116.40M and revenue of 1.31B, resulting in a net margin of 8.9%.
Frequently Asked Questions
EW and MCHP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHP has higher volatility (16.18%) compared to EW (6.36%). In terms of maximum drawdown, EW dropped -54.32% vs MCHP's -63.77%.
MCHP currently has the higher Sharpe Ratio (1.01 vs 0.51), 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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