EW correlations (Edwards Lifesciences)
Which assets move with EW and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Health Care · Health Care Equipment
Volatility (ann.)
31.6%
3y weekly
Beta vs S&P 500
0.81
3y weekly
1-year return
+11.2%
price, adjusted
5-year return
-23.8%
price, adjusted
Market cap
$51.8B
latest
P/E ratio
54.2
trailing
Max drawdown
-37.5%
3y, daily closes
EW over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with EW
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FTV | Fortive | 0.44 | |
| DXCM | Dexcom | 0.43 | |
| F | Ford Motor Company | 0.42 | |
| ACV | Virtus Diversified Income & Convertible Fund | 0.42 | |
| ALGN | Align Technology | 0.41 | |
| XYZ | Block, Inc. | 0.41 | |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 0.40 | |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.39 | |
| NIE | Virtus Equity & Convertible Income Fund | 0.39 | |
| ISRG | Intuitive Surgical | 0.38 | |
| VUG | Vanguard Growth ETF | 0.38 | |
| BSTZ | BlackRock Science and Technology Term Trust | 0.38 | |
| RPT | Rithm Property Trust Inc. | 0.38 | |
| ETG | Eaton Vance Tax-Advantaged Global Dividend Income Fund | 0.38 | |
| CSQ | Calamos Strategic Total Return Fund - Closed End Fund | 0.38 |
Best diversifiers for EW
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from EW.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| MIRA | MIRA Pharmaceuticals, Inc. | -0.37 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.34 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.30 | |
| QNBC | QNB Corp. | -0.28 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.26 | |
| BBLG | Bone Biologics Corp | -0.25 | |
| RGC | Regencell Bioscience Holdings Limited | -0.24 | |
| LMT | Lockheed Martin | -0.23 | |
| BOTJ | Bank of the James Financial Group, Inc. | -0.22 | |
| PVLA | Palvella Therapeutics, Inc. | -0.21 |
EW vs benchmarks
EW vs its peers
Get EW data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/ew.jsonCorrelations, diversifiers, beta and volatility for EW, plus one endpoint per pair. API documentation.
EW inside major ETFs
| ETF | EW weight | |
|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 0.83% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.2% |
| VTV | Vanguard Value ETF | 0.18% |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.15% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.09% |
| IVV | iShares Core S&P 500 ETF | 0.08% |
| SPY | SPDR S&P 500 ETF Trust | 0.08% |
| VOO | Vanguard S&P 500 ETF | 0.08% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.07% |
| VTI | Vanguard Total Stock Market ETF | 0.07% |
