CWAN vs HQY

Comparison between Clearwater Analytics Holdings Inc Class A (CWAN, Company) and Healthequity Inc (HQY, Company).

CWAN is from the Technology sector, while HQY is from the Healthcare sector.

5-Year PerformanceHQY has outperformed CWAN, delivering a return of +1.9% compared to -0.9%

CWAN vs HQY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWAN(COMPANY)	HQY(COMPANY)
Market Cap	$7.17B	$7.15B
Max Drawdown	54.15%	60.65%
Sharpe Ratio	0.35	-0.39
5Y Beta	0.81	0.97
Industry	Software - Application	Health Information Services
P/E Ratio	-234.27	31.46
Forward P/E	35.21	18.55
PEG Ratio	N/A	0.34
5Y EPS CAGR	N/A	114.60%
Debt to Equity	39.35%	46.04%
Free Cash Flow Yield	2.13%	6.82%

Market Cap

Winner

CWAN

$7.17B

HQY

$7.15B

Max Drawdown

Winner

CWAN

54.15%

HQY

60.65%

Sharpe Ratio

Winner

CWAN

0.35

HQY

-0.39

5Y Beta

Winner

CWAN

0.81

HQY

0.97

Industry

CWAN

Software - Application

HQY

Health Information Services

P/E Ratio

Winner

CWAN

-234.27

HQY

31.46

Forward P/E

CWAN

35.21

Winner

HQY

18.55

PEG Ratio

CWAN

N/A

HQY

0.34

5Y EPS CAGR

CWAN

N/A

HQY

114.60%

Debt to Equity

Winner

CWAN

39.35%

HQY

46.04%

Free Cash Flow Yield

CWAN

2.13%

Winner

HQY

6.82%

CWAN vs HQY - Historical Returns

Returns include dividend reinvestment.

Period	CWAN	HQY
1 month	-0.45%	+2.61%
3 months	+4.25%	+7.09%
6 months	+10.61%	-10.77%
1 year	+11.42%	-16.46%
5 years(CAGR)	-0.92%	+1.95%
10 years(CAGR)	N/A	+11.35%
Max(CAGR)	-0.92%	+14.19%

CWAN

-0.45%

Winner

HQY

+2.61%

CWAN

+4.25%

Winner

HQY

+7.09%

Winner

CWAN

+10.61%

HQY

-10.77%

Winner

CWAN

+11.42%

HQY

-16.46%

5Y(CAGR)

CWAN

-0.92%

Winner

HQY

+1.95%

10Y(CAGR)

CWAN

N/A

HQY

+11.35%

Max(CAGR)

CWAN

-0.92%

Winner

HQY

+14.19%

CWAN vs HQY - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	CWAN	HQY
2026	+0.75%	-6.43%
2025	-11.36%	-5.37%
2024	+41.27%	+45.01%
2023	+7.69%	+9.23%
2022	-12.38%	+31.60%
2021	-9.42%	-35.80%
2020	N/A	-3.52%
2019	N/A	+25.31%
2018	N/A	+28.36%
2017	N/A	+16.10%
2016	N/A	+62.27%
2015	N/A	+1.50%
2014	N/A	+44.60%

CWAN vs HQY Drawdown Comparison

The maximum drawdown for CWAN was -54.15%, occurring on Jun 30, 2022. Recovery took 749 trading sessions.

The maximum drawdown for HQY was -60.65%, occurring on Dec 20, 2021. Recovery took 1516 trading sessions.

The current CWAN drawdown is -25.92%. The current HQY drawdown is -25.59%.

Rank	CWAN	HQY
#1	-54.15% Oct 22, 2021 - Oct 16, 2024	-60.65% Nov 7, 2018 - Nov 18, 2024
#2	-51.54% Nov 7, 2024 - Nov 6, 2025	-54.61% Nov 11, 2015 - Sep 8, 2016
#3	-14.73% Sep 29, 2021 - Oct 21, 2021	-36.07% Feb 12, 2025 - Feb 12, 2026
#4	-4.71% Oct 18, 2024 - Nov 6, 2024	-26.64% Dec 26, 2014 - Mar 24, 2015
#5	-0.63% Sep 24, 2021 - Sep 28, 2021	-25.46% Jun 8, 2017 - Feb 14, 2018
#6	N/A	-20.14% Oct 10, 2016 - Nov 11, 2016
#7	N/A	-19.61% Sep 10, 2014 - Nov 18, 2014
#8	N/A	-19.35% Aug 5, 2015 - Nov 10, 2015
#9	N/A	-18.68% Jan 18, 2017 - Jun 7, 2017
#10	N/A	-17.11% Sep 11, 2018 - Nov 7, 2018
#11	N/A	-12.96% Nov 21, 2024 - Jan 21, 2025
#12	N/A	-10.53% Feb 21, 2018 - Feb 28, 2018
#13	N/A	-10.23% Nov 28, 2014 - Dec 22, 2014
#14	N/A	-10.22% Jul 26, 2018 - Aug 14, 2018
#15	N/A	-10.21% Aug 14, 2014 - Sep 10, 2014