EW vs. MTD
EW (Edwards Lifesciences Corporation) and MTD (Mettler-Toledo International Inc.) are both stocks. Both are in the Healthcare sector — EW in Medical Devices, MTD in Diagnostics & Research. Over the past 10 years, EW returned 9.98%/yr vs 12.08%/yr for MTD. At a 0.36 correlation, their price movements are largely independent.
Performance
EW vs. MTD - Performance Comparison
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Returns By Period
In the year-to-date period, EW achieves a 2.83% return, which is significantly higher than MTD's -16.08% return. Over the past 10 years, EW has underperformed MTD with an annualized return of 9.98%, while MTD has yielded a comparatively higher 12.08% annualized return.
EW
- 1D
- -0.57%
- 1M
- 4.38%
- YTD
- 2.83%
- 6M
- 3.48%
- 1Y
- 12.24%
- 3Y*
- 0.90%
- 5Y*
- -1.46%
- 10Y*
- 9.98%
MTD
- 1D
- -1.15%
- 1M
- -7.66%
- YTD
- -16.08%
- 6M
- -19.15%
- 1Y
- 2.53%
- 3Y*
- -4.25%
- 5Y*
- -1.40%
- 10Y*
- 12.08%
EW vs. MTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EW Edwards Lifesciences Corporation | 2.83% | 15.16% | -2.91% | 2.20% | -42.41% | 42.00% | 17.32% | 52.31% | 35.90% | 20.29% |
MTD Mettler-Toledo International Inc. | -16.08% | 13.93% | 0.88% | -16.08% | -14.83% | 48.92% | 43.67% | 40.26% | -8.71% | 48.01% |
Correlation
The correlation between EW and MTD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2000 | 0.36 |
The correlation between EW and MTD shifts across timeframes, from 0.23 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
EW:
$50.90B
MTD:
$23.73B
EW:
$1.87
MTD:
$42.68
EW:
46.85
MTD:
27.41
EW:
1.51
MTD:
4.21
EW:
8.12
MTD:
5.87
EW:
4.93
MTD:
6.47
EW:
$6.30B
MTD:
$4.09B
EW:
$4.92B
MTD:
$2.36B
EW:
$1.44B
MTD:
$1.24B
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Return for Risk
EW vs. MTD — Risk / Return Rank
EW
MTD
EW vs. MTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Edwards Lifesciences Corporation (EW) and Mettler-Toledo International Inc. (MTD). 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.
| EW | MTD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.08 | +0.44 |
Sortino ratioReturn per unit of downside risk | 0.94 | 0.33 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.04 | +0.91 |
Martin ratioReturn relative to average drawdown | 2.33 | 0.12 | +2.21 |
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
| EW | MTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.08 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.41 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | -0.01 |
Drawdowns
EW vs. MTD - Drawdown Comparison
The maximum EW drawdown since its inception was -54.32%, smaller than the maximum MTD drawdown of -61.43%. Use the drawdown chart below to compare losses from any high point for EW and MTD.
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Drawdown Indicators
| EW | MTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -61.43% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -31.90% | +19.17% |
Max Drawdown (3Y)Largest decline over 3 years | -37.53% | -36.61% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -54.32% | -43.47% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -54.32% | -43.47% | -10.85% |
Current DrawdownCurrent decline from peak | -32.92% | -31.28% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -13.67% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 10.71% | -5.52% |
Volatility
EW vs. MTD - Volatility Comparison
The current volatility for Edwards Lifesciences Corporation (EW) is 8.07%, while Mettler-Toledo International Inc. (MTD) has a volatility of 20.06%. This indicates that EW experiences smaller price fluctuations and is considered to be less risky than MTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EW | MTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 20.06% | -11.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 26.08% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 32.13% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.60% | 32.14% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.24% | 29.78% | +2.46% |
Dividends
EW vs. MTD - Dividend Comparison
Neither EW nor MTD has paid dividends to shareholders.
Financials
EW vs. MTD - Financials Comparison
This section allows you to compare key financial metrics between Edwards Lifesciences Corporation and Mettler-Toledo International Inc.. 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. MTD - 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%.
MTD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported a gross profit of 555.82M and revenue of 947.13M. Therefore, the gross margin over that period was 58.7%.
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%.
MTD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported an operating income of 246.22M and revenue of 947.13M, resulting in an operating margin of 26.0%.
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%.
MTD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported a net income of 169.45M and revenue of 947.13M, resulting in a net margin of 17.9%.
Frequently Asked Questions
EW and MTD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTD has higher volatility (20.06%) compared to EW (8.07%). In terms of maximum drawdown, EW dropped -54.32% vs MTD's -61.43%.
EW currently has the higher Sharpe Ratio (0.52 vs 0.08), 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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