MD vs. WWD
MD (MEDNAX, Inc.) and WWD (Woodward, Inc.) are both stocks. MD operates in Medical Care Facilities (Healthcare), while WWD operates in Aerospace & Defense (Industrials). Over the past 10 years, MD returned -10.20%/yr vs 23.41%/yr for WWD. At a 0.29 correlation, their price movements are largely independent.
Performance
MD vs. WWD - Performance Comparison
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Returns By Period
In the year-to-date period, MD achieves a 11.55% return, which is significantly lower than WWD's 41.90% return. Over the past 10 years, MD has underperformed WWD with an annualized return of -10.20%, while WWD has yielded a comparatively higher 23.41% annualized return.
MD
- 1D
- 1.45%
- 1M
- 12.23%
- YTD
- 11.55%
- 6M
- 11.13%
- 1Y
- 78.46%
- 3Y*
- 20.49%
- 5Y*
- -5.46%
- 10Y*
- -10.20%
WWD
- 1D
- 0.34%
- 1M
- 21.88%
- YTD
- 41.90%
- 6M
- 35.68%
- 1Y
- 77.90%
- 3Y*
- 56.23%
- 5Y*
- 29.20%
- 10Y*
- 23.41%
MD vs. WWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MD MEDNAX, Inc. | 11.55% | 63.03% | 41.08% | -37.42% | -45.39% | 10.88% | -11.69% | -15.79% | -38.25% | -19.83% |
WWD Woodward, Inc. | 41.90% | 82.58% | 23.01% | 41.97% | -11.09% | -9.43% | 3.18% | 60.42% | -2.23% | 11.63% |
Correlation
The correlation between MD and WWD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 30, 1996 | 0.29 |
The correlation between MD and WWD shifts across timeframes, from 0.17 (1 year) to 0.35 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MD:
$1.98B
WWD:
$26.32B
MD:
$2.05
WWD:
$4.00
MD:
11.64
WWD:
107.10
MD:
1.41
WWD:
4.15
MD:
1.05
WWD:
6.59
MD:
2.26
WWD:
10.42
MD:
$1.93B
WWD:
$4.00B
MD:
$385.43M
WWD:
$526.56M
MD:
$243.92M
WWD:
$706.85M
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Return for Risk
MD vs. WWD — Risk / Return Rank
MD
WWD
MD vs. WWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MEDNAX, Inc. (MD) and Woodward, Inc. (WWD). 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.
| MD | WWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 5.16 | -1.83 |
| Martin ratioReturn relative to average drawdown | 7.65 | 12.60 | -4.95 |
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Drawdowns
MD vs. WWD - Drawdown Comparison
The maximum MD drawdown since its inception was -92.08%, which is greater than WWD's maximum drawdown of -83.18%. Use the drawdown chart below to compare losses from any high point for MD and WWD.
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Drawdown Indicators
| MD | WWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.08% | -83.18% | -8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -23.65% | -15.17% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -54.69% | -19.31% | -35.38% |
Max Drawdown (5Y)Largest decline over 5 years | -80.74% | -37.25% | -43.49% |
Max Drawdown (10Y)Largest decline over 10 years | -91.13% | -60.61% | -30.52% |
Current DrawdownCurrent decline from peak | -72.08% | -1.51% | -70.57% |
Average DrawdownAverage peak-to-trough decline | -38.79% | -17.85% | -20.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 6.20% | +4.09% |
Volatility
MD vs. WWD - Volatility Comparison
The current volatility for MEDNAX, Inc. (MD) is 7.25%, while Woodward, Inc. (WWD) has a volatility of 12.08%. This indicates that MD experiences smaller price fluctuations and is considered to be less risky than WWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MD | WWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 12.08% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 28.95% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.60% | 36.09% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.17% | 32.19% | +11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.99% | 35.40% | +10.59% |
Dividends
MD vs. WWD - Dividend Comparison
MD has not paid dividends to shareholders, while WWD's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MD MEDNAX, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WWD Woodward, Inc. | 0.28% | 0.37% | 0.60% | 0.65% | 0.79% | 0.59% | 0.43% | 0.55% | 0.77% | 0.65% | 0.64% | 0.81% |
Financials
MD vs. WWD - Financials Comparison
This section allows you to compare key financial metrics between MEDNAX, Inc. and Woodward, 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
MD vs. WWD - Profitability Comparison
MD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MEDNAX, Inc. reported a gross profit of 0.00 and revenue of 476.20M. Therefore, the gross margin over that period was 0.0%.
WWD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Woodward, Inc. reported a gross profit of -292.16M and revenue of 1.09B. Therefore, the gross margin over that period was -26.8%.
MD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MEDNAX, Inc. reported an operating income of 41.66M and revenue of 476.20M, resulting in an operating margin of 8.8%.
WWD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Woodward, Inc. reported an operating income of -159.42M and revenue of 1.09B, resulting in an operating margin of -14.6%.
MD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MEDNAX, Inc. reported a net income of 29.57M and revenue of 476.20M, resulting in a net margin of 6.2%.
WWD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Woodward, Inc. reported a net income of -133.72M and revenue of 1.09B, resulting in a net margin of -12.3%.
Frequently Asked Questions
MD and WWD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWD has higher volatility (12.08%) compared to MD (7.25%). In terms of maximum drawdown, MD dropped -92.08% vs WWD's -83.18%.
WWD currently has the higher Sharpe Ratio (2.17 vs 1.81), 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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