EW vs F: Correlation
Measured on weekly returns over the past three years, Edwards Lifesciences (EW) and Ford Motor Company (F) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EW and F?
Over the past 3 years, EW and F moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 478.0 %².
By 3-year correlation, F places #4 of the 30 assets tracked against EW. On 12-month performance F holds a 11.4-point edge, +11.2% against +22.6%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.74.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EW vs F: side by side
| EW (Edwards Lifesciences) | F (Ford Motor Company) | |
|---|---|---|
| 1-year return | +11.2% | +22.6% |
| 5-year return | -23.8% | +45.8% |
| Volatility (ann.) | 31.6% | 36.1% |
| Beta vs S&P 500 | 0.81 | 1.06 |
| Max drawdown (3Y) | -37.5% | -36.5% |
| Market cap | $51.8B | $55.6B |
| P/E (trailing) | 54.2 | – |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | Health Care | Consumer Discretionary |
Year-by-year returns
| Year | EW | F |
|---|---|---|
| 2022 | -42.4% | -42.2% |
| 2023 | +2.2% | +15.8% |
| 2024 | -2.9% | -13.1% |
| 2025 | +15.2% | +42.3% |
| 2026 | +5.5% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EW and F good diversifiers for each other?
Reasonably. At 0.42, EW and F keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EW and F?
As of 2026-08-27, the correlation of weekly returns between EW and F is 0.42 over 3 years, 0.11 over 1 year and 0.36 over 5 years.
Is F a good diversifier for EW?
Reasonably. At 0.42, EW and F keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: EW correlations · F correlations
