Which stocks are most correlated with EW?

Based on one year of daily returns, the stocks most correlated with Edwards Lifesciences Corp (EW) are IHI (0.56), XHE (0.50) and MDEV (0.46). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with EW?

Over the past year, the stocks most inversely correlated with Edwards Lifesciences Corp (EW) are DOG (-0.34), DXD (-0.34) and SDOW (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Edwards Lifesciences Corp (EW) — Stock Correlations & Overview

Over the past year, EW has moved most closely with IHI, XHE, MDEV. Explore the stocks most correlated and inversely correlated with EW below, along with its price, financials, and company profile.

Stocks correlated with EW

Correlation of daily returns. Higher positive values move with EW; negative values move opposite it. Informational only, not investment advice.

Most correlated with EW

Symbol	Company	Correlation
IHI	iShares U.S. Medical Devices ETF	0.56
XHE	State Street SPDR S&P Health Care Equipment ETF	0.50
MDEV	First Trust Indxx Medical Devices ETF	0.46
EKG	First Trust Nasdaq Lux Digital Health Solutions ETF	0.43
SXQG	ETC 6 Meridian Quality Growth ETF	0.43

Most inversely correlated with EW

Symbol	Company	Correlation
DOG	ProShares Short Dow30	-0.34
DXD	ProShares UltraShort Dow 30	-0.34
SDOW	ProShares UltraPro Short Dow 30	-0.34
RXD	ProShares UltraShort Health Care	-0.33
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.32

Frequently asked questions about EW correlations

Which stocks are most correlated with EW?: Based on one year of daily returns, the stocks most correlated with Edwards Lifesciences Corp (EW) are IHI (0.56), XHE (0.50) and MDEV (0.46). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with EW?: Over the past year, the stocks most inversely correlated with Edwards Lifesciences Corp (EW) are DOG (-0.34), DXD (-0.34) and SDOW (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these EW correlations calculated?: We compute the correlation of daily returns between EW and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.