DHR vs. MDT
DHR (Danaher Corporation) and MDT (Medtronic plc) are both stocks. Both are in the Healthcare sector — DHR in Diagnostics & Research, MDT in Medical Devices. Over the past 10 years, DHR returned 10.99%/yr vs 2.15%/yr for MDT. At a 0.32 correlation, their price movements are largely independent.
Performance
DHR vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, DHR achieves a -21.99% return, which is significantly lower than MDT's -16.80% return. Over the past 10 years, DHR has outperformed MDT with an annualized return of 10.99%, while MDT has yielded a comparatively lower 2.15% annualized return.
DHR
- 1D
- 0.58%
- 1M
- 3.60%
- YTD
- -21.99%
- 6M
- -21.57%
- 1Y
- -8.64%
- 3Y*
- -4.99%
- 5Y*
- -5.20%
- 10Y*
- 10.99%
MDT
- 1D
- -0.09%
- 1M
- 0.85%
- YTD
- -16.80%
- 6M
- -17.61%
- 1Y
- -5.27%
- 3Y*
- -0.30%
- 5Y*
- -5.95%
- 10Y*
- 2.15%
DHR vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHR Danaher Corporation | -21.99% | 0.35% | -0.35% | -1.22% | -19.02% | 48.57% | 45.34% | 49.55% | 11.80% | 20.01% |
MDT Medtronic plc | -16.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between DHR and MDT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.32 |
The correlation between DHR and MDT shifts across timeframes, from 0.32 (all time) to 0.46 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DHR:
$126.73B
MDT:
$102.11B
DHR:
$5.17
MDT:
$3.73
DHR:
34.48
MDT:
21.27
DHR:
5.13
MDT:
2.81
DHR:
2.39
MDT:
2.06
DHR:
$24.78B
MDT:
$36.36B
DHR:
$15.04B
MDT:
$23.64B
DHR:
$6.69B
MDT:
$9.72B
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Return for Risk
DHR vs. MDT — Risk / Return Rank
DHR
MDT
DHR vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Danaher Corporation (DHR) and Medtronic plc (MDT). 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.
| DHR | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.18 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.44 | -0.16 |
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Drawdowns
DHR vs. MDT - Drawdown Comparison
The maximum DHR drawdown since its inception was -45.80%, smaller than the maximum MDT drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for DHR and MDT.
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Drawdown Indicators
| DHR | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.80% | -57.63% | +11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -32.97% | -28.90% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -41.72% | -28.90% | -12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | -45.10% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -43.81% | -45.10% | +1.29% |
Current DrawdownCurrent decline from peak | -38.16% | -32.02% | -6.14% |
Average DrawdownAverage peak-to-trough decline | -10.24% | -16.55% | +6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.30% | 11.96% | +2.34% |
Volatility
DHR vs. MDT - Volatility Comparison
The current volatility for Danaher Corporation (DHR) is 8.80%, while Medtronic plc (MDT) has a volatility of 10.05%. This indicates that DHR experiences smaller price fluctuations and is considered to be less risky than MDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHR | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 10.05% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 19.35% | 16.78% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.09% | 21.39% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.95% | 22.00% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.56% | 23.29% | +2.27% |
Dividends
DHR vs. MDT - Dividend Comparison
DHR's dividend yield for the trailing twelve months is around 0.76%, less than MDT's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHR Danaher Corporation | 0.76% | 0.56% | 0.47% | 12.64% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 32.55% | 0.58% |
MDT Medtronic plc | 3.58% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
Financials
DHR vs. MDT - Financials Comparison
This section allows you to compare key financial metrics between Danaher Corporation and Medtronic plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DHR vs. MDT - Profitability Comparison
DHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported a gross profit of 3.59B and revenue of 5.95B. Therefore, the gross margin over that period was 60.3%.
MDT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Medtronic plc reported a gross profit of 7.44B and revenue of 9.81B. Therefore, the gross margin over that period was 75.9%.
DHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported an operating income of 1.34B and revenue of 5.95B, resulting in an operating margin of 22.6%.
MDT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Medtronic plc reported an operating income of 1.56B and revenue of 9.81B, resulting in an operating margin of 16.0%.
DHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported a net income of 1.03B and revenue of 5.95B, resulting in a net margin of 17.3%.
MDT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Medtronic plc reported a net income of 1.24B and revenue of 9.81B, resulting in a net margin of 12.7%.
Frequently Asked Questions
DHR and MDT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.05%) compared to DHR (8.80%). In terms of maximum drawdown, DHR dropped -45.80% vs MDT's -57.63%.
MDT currently has the higher Sharpe Ratio (-0.25 vs -0.31), 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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