HQY vs CWAN

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

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

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

HQY vs CWAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

HQY

$7.15B

Winner

CWAN

$7.17B

Max Drawdown

HQY

60.65%

Winner

CWAN

54.15%

Sharpe Ratio

HQY

-0.39

Winner

CWAN

0.35

5Y Beta

HQY

0.97

Winner

CWAN

0.81

Industry

HQY

Health Information Services

CWAN

Software - Application

P/E Ratio

HQY

31.46

Winner

CWAN

-234.27

Forward P/E

Winner

HQY

18.55

CWAN

35.21

PEG Ratio

HQY

0.34

CWAN

N/A

5Y EPS CAGR

HQY

114.60%

CWAN

N/A

Debt to Equity

HQY

46.04%

Winner

CWAN

39.35%

Free Cash Flow Yield

Winner

HQY

6.82%

CWAN

2.13%

HQY vs CWAN - Historical Returns

Returns include dividend reinvestment.

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

Winner

HQY

+2.61%

CWAN

-0.45%

Winner

HQY

+7.09%

CWAN

+4.25%

HQY

-10.77%

Winner

CWAN

+10.61%

HQY

-16.46%

Winner

CWAN

+11.42%

5Y(CAGR)

Winner

HQY

+1.95%

CWAN

-0.92%

10Y(CAGR)

HQY

+11.35%

CWAN

N/A

Max(CAGR)

Winner

HQY

+14.19%

CWAN

-0.92%

HQY vs CWAN - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

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

HQY vs CWAN Drawdown Comparison

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

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

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

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