^SP500TR vs. SYK
^SP500TR (S&P 500 Total Return) is an index, while SYK (Stryker Corporation) is a stock. Over the past 10 years, ^SP500TR returned 15.64%/yr vs 11.51%/yr for SYK. At a 0.47 correlation, their price movements are largely independent.
Performance
^SP500TR vs. SYK - Performance Comparison
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Returns By Period
In the year-to-date period, ^SP500TR achieves a 8.22% return, which is significantly higher than SYK's -11.56% return. Over the past 10 years, ^SP500TR has outperformed SYK with an annualized return of 15.64%, while SYK has yielded a comparatively lower 11.51% annualized return.
^SP500TR
- 1D
- -1.44%
- 1M
- -1.34%
- YTD
- 8.22%
- 6M
- 7.24%
- 1Y
- 23.73%
- 3Y*
- 20.82%
- 5Y*
- 13.16%
- 10Y*
- 15.64%
SYK
- 1D
- 1.74%
- 1M
- -2.05%
- YTD
- -11.56%
- 6M
- -12.18%
- 1Y
- -17.45%
- 3Y*
- 2.33%
- 5Y*
- 4.55%
- 10Y*
- 11.51%
^SP500TR vs. SYK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SP500TR S&P 500 Total Return | 8.22% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% |
SYK Stryker Corporation | -11.56% | -1.48% | 21.34% | 23.80% | -7.42% | 10.22% | 18.17% | 35.33% | 2.43% | 30.84% |
Correlation
The correlation between ^SP500TR and SYK is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 1988 | 0.47 |
Over the past year, the correlation between ^SP500TR and SYK has dropped to 0.22 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
^SP500TR vs. SYK — Risk / Return Rank
^SP500TR
SYK
^SP500TR vs. SYK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Total Return (^SP500TR) and Stryker Corporation (SYK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^SP500TR | SYK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.89 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.59 | +3.28 |
| Martin ratioReturn relative to average drawdown | 12.05 | -1.34 | +13.39 |
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Drawdowns
^SP500TR vs. SYK - Drawdown Comparison
The maximum ^SP500TR drawdown since its inception was -55.25%, smaller than the maximum SYK drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for ^SP500TR and SYK.
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Drawdown Indicators
| ^SP500TR | SYK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -58.63% | +3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -29.45% | +20.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -29.45% | +10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -31.68% | +7.19% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -43.80% | +10.01% |
Current DrawdownCurrent decline from peak | -3.13% | -22.60% | +19.47% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -13.12% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 13.00% | -11.03% |
Volatility
^SP500TR vs. SYK - Volatility Comparison
The current volatility for S&P 500 Total Return (^SP500TR) is 4.90%, while Stryker Corporation (SYK) has a volatility of 8.60%. This indicates that ^SP500TR experiences smaller price fluctuations and is considered to be less risky than SYK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SP500TR | SYK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 8.60% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 18.92% | -8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 23.19% | -10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 24.30% | -7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 26.39% | -8.31% |
Frequently Asked Questions
^SP500TR and SYK have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SYK has higher volatility (8.60%) compared to ^SP500TR (4.90%). In terms of maximum drawdown, ^SP500TR dropped -55.25% vs SYK's -58.63%.
^SP500TR currently has the higher Sharpe Ratio (1.90 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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