EW vs. SPY
Compare and contrast key facts about Edwards Lifesciences Corporation (EW) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EW or SPY.
Correlation
The correlation between EW and SPY is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EW vs. SPY - Performance Comparison
Key characteristics
EW:
-0.56
SPY:
-0.09
EW:
-0.47
SPY:
-0.02
EW:
0.91
SPY:
1.00
EW:
-0.42
SPY:
-0.09
EW:
-1.04
SPY:
-0.45
EW:
21.83%
SPY:
3.31%
EW:
40.18%
SPY:
15.87%
EW:
-54.32%
SPY:
-55.19%
EW:
-44.15%
SPY:
-17.32%
Returns By Period
In the year-to-date period, EW achieves a -1.42% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, EW has outperformed SPY with an annualized return of 12.12%, while SPY has yielded a comparatively lower 11.25% annualized return.
EW
-1.42%
2.24%
11.64%
-21.54%
2.99%
12.12%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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Risk-Adjusted Performance
EW vs. SPY — Risk-Adjusted Performance Rank
EW
SPY
EW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Edwards Lifesciences Corporation (EW) and SPDR S&P 500 ETF (SPY). 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.
Dividends
EW vs. SPY - Dividend Comparison
EW has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EW vs. SPY - Drawdown Comparison
The maximum EW drawdown since its inception was -54.32%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EW and SPY. For additional features, visit the drawdowns tool.
Volatility
EW vs. SPY - Volatility Comparison
The current volatility for Edwards Lifesciences Corporation (EW) is 5.56%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. This indicates that EW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.