MDWD vs. ICE

Last updated Jun 4, 2026

MDWD (MediWound Ltd.) and ICE (Intercontinental Exchange, Inc.) are both stocks. MDWD operates in Biotechnology (Healthcare), while ICE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, MDWD returned -13.00%/yr vs 11.46%/yr for ICE. At a 0.09 correlation, their price movements are largely independent.

Performance

MDWD vs. ICE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MediWound Ltd. (MDWD) and Intercontinental Exchange, Inc. (ICE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDWD achieves a -25.62% return, which is significantly lower than ICE's -14.24% return. Over the past 10 years, MDWD has underperformed ICE with an annualized return of -13.00%, while ICE has yielded a comparatively higher 11.46% annualized return.

MDWD

• 1D: -0.22%
• 1M: -20.45%
• YTD: -25.62%
• 6M: -22.47%
• 1Y: -36.41%
• 3Y*: 15.50%
• 5Y*: -10.58%
• 10Y*: -13.00%

ICE

• 1D: -2.76%
• 1M: -11.50%
• YTD: -14.24%
• 6M: -11.18%
• 1Y: -21.89%
• 3Y*: 10.02%
• 5Y*: 5.65%
• 10Y*: 11.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDWD vs. ICE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDWD MediWound Ltd.	-25.62%	3.71%	75.02%	-24.61%	-18.34%	-36.22%	19.35%	-23.65%	-8.76%	-2.82%
ICE Intercontinental Exchange, Inc.	-14.24%	9.92%	17.46%	27.12%	-23.91%	19.94%	26.15%	24.47%	8.11%	26.60%

Correlation

The correlation between MDWD and ICE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014	0.09

Fundamentals

Market Cap MDWD : $176.76M ICE : $78.92B
EPS MDWD : -$2.20 ICE : $6.85
PS Ratio MDWD : 11.27 ICE : 6.06
PB Ratio MDWD : 4.27 ICE : 2.67
Total Revenue (TTM) MDWD : $14.48M ICE : $13.08B
Gross Profit (TTM) MDWD : $2.84M ICE : $8.93B
EBITDA (TTM) MDWD : -$24.21M ICE : $7.05B

Return for Risk

MDWD vs. ICE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDWD

MDWD Risk / Return Rank: 6
MDWD Sharpe Ratio Rank: 7
MDWD Sortino Ratio Rank: 9
MDWD Omega Ratio Rank: 10
MDWD Calmar Ratio Rank: 1
MDWD Martin Ratio Rank: 1

ICE

ICE Risk / Return Rank: 6
ICE Sharpe Ratio Rank: 4
ICE Sortino Ratio Rank: 7
ICE Omega Ratio Rank: 8
ICE Calmar Ratio Rank: 8
ICE Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDWD vs. ICE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MediWound Ltd. (MDWD) and Intercontinental Exchange, Inc. (ICE). 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.

	MDWD	ICE	Difference
Sharpe ratio Return per unit of total volatility	-0.88	-1.02	+0.14
Sortino ratio Return per unit of downside risk	-1.19	-1.32	+0.13
Omega ratio Gain probability vs. loss probability	0.86	0.83	+0.02
Calmar ratio Return relative to maximum drawdown	-0.99	-0.85	-0.14
Martin ratio Return relative to average drawdown	-1.98	-1.67	-0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDWD vs. ICE - Sharpe Ratio Comparison

The current MDWD Sharpe Ratio is -0.88, which is comparable to the ICE Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of MDWD and ICE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MDWD	ICE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	-1.02	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.27	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.21	0.52	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	0.42	-0.69

Drawdowns

MDWD vs. ICE - Drawdown Comparison

The maximum MDWD drawdown since its inception was -94.35%, which is greater than ICE's maximum drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for MDWD and ICE.

Drawdown Indicators

	MDWD	ICE	Difference
Max Drawdown Largest peak-to-trough decline	-94.35%	-73.94%	-20.41%
Max Drawdown (1Y) Largest decline over 1 year	-36.73%	-25.87%	-10.86%
Max Drawdown (3Y) Largest decline over 3 years	-38.26%	-25.87%	-12.39%
Max Drawdown (5Y) Largest decline over 5 years	-82.04%	-34.32%	-47.72%
Max Drawdown (10Y) Largest decline over 10 years	-87.76%	-34.32%	-53.44%
Current Drawdown Current decline from peak	-89.20%	-25.87%	-63.33%
Average Drawdown Average peak-to-trough decline	-75.87%	-16.46%	-59.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.42%	13.10%	+5.32%

Volatility

MDWD vs. ICE - Volatility Comparison

MediWound Ltd. (MDWD) has a higher volatility of 16.88% compared to Intercontinental Exchange, Inc. (ICE) at 5.38%. This indicates that MDWD's price experiences larger fluctuations and is considered to be riskier than ICE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDWD	ICE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.88%	5.38%	+11.50%
Volatility (6M) Calculated over the trailing 6-month period	30.96%	18.30%	+12.66%
Volatility (1Y) Calculated over the trailing 1-year period	41.72%	21.57%	+20.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.09%	21.02%	+40.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	22.17%	+38.64%

Dividends

MDWD vs. ICE - Dividend Comparison

MDWD has not paid dividends to shareholders, while ICE's dividend yield for the trailing twelve months is around 1.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICE Intercontinental Exchange, Inc.	1.42%	1.19%	1.21%	1.31%	1.48%	0.97%	1.04%	1.19%	1.27%	1.13%	1.21%	1.13%
MDWD MediWound Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MDWD and ICE in my portfolio?

MDWD and ICE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDWD or ICE?

MDWD has higher volatility (16.88%) compared to ICE (5.38%). In terms of maximum drawdown, MDWD dropped -94.35% vs ICE's -73.94%.

Which has better risk-adjusted returns?

MDWD currently has the higher Sharpe Ratio (-0.88 vs -1.02), 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.