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EW Stock Returned More than the S&P 500’s Gain in 2018

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Edwards Lifesciences surpassed the S&P 500’s gains

As of September 28, Edwards Lifesciences (EW) has registered a rise of ~52.5% YTD (year-to-date). In the same period, the S&P 500 has risen ~9.2%.

So far, Edwards Lifesciences’ massive bull run has surpassed the market’s returns in 2018. In the last 12 months, Edwards Lifesciences stock has risen ~57%, which is more than three times the S&P 500’s return of ~16.4% during the same period.

Edwards Lifesciences stock is less volatile than the market, as reflected by its beta of 0.57 on September 28. A beta lower than one suggests that a stock is less volatile than the market, while a beta higher than one suggests more volatile stock compared to the market.

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Industry and peer comparison

As of September 28, Edwards Lifesciences’ peers Medtronic (MDT), Abbott Laboratories (ABT), and Boston Scientific (BSX) generated returns of 25.7%, 40%, and 33%, respectively, over the last 12 months. The YTD returns of these stocks stand at 21%, 28%, and 55%, respectively.

The Health Care Select Sector SPDR ETF (XLV) and the iShares US Medical Devices ETF (IHI) have risen ~14.7% and ~30.4%, respectively, YTD. The data show that Edwards Lifesciences has mainly surpassed the stock price gains of the US healthcare sector and the US medical device industry in 2018.

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