GMED vs. SYK
GMED (Globus Medical, Inc.) and SYK (Stryker Corporation) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 10 years, GMED returned 13.16%/yr vs 11.64%/yr for SYK. At a 0.47 correlation, their price movements are largely independent.
Performance
GMED vs. SYK - Performance Comparison
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Returns By Period
In the year-to-date period, GMED achieves a -5.94% return, which is significantly higher than SYK's -10.51% return. Over the past 10 years, GMED has outperformed SYK with an annualized return of 13.16%, while SYK has yielded a comparatively lower 11.64% annualized return.
GMED
- 1D
- 2.60%
- 1M
- -3.17%
- YTD
- -5.94%
- 6M
- -7.14%
- 1Y
- 39.99%
- 3Y*
- 12.01%
- 5Y*
- 1.18%
- 10Y*
- 13.16%
SYK
- 1D
- 1.19%
- 1M
- -0.88%
- YTD
- -10.51%
- 6M
- -11.11%
- 1Y
- -18.05%
- 3Y*
- 2.73%
- 5Y*
- 4.66%
- 10Y*
- 11.64%
GMED vs. SYK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMED Globus Medical, Inc. | -5.94% | 5.56% | 55.21% | -28.25% | 2.87% | 10.70% | 10.77% | 36.04% | 5.30% | 65.66% |
SYK Stryker Corporation | -10.51% | -1.48% | 21.34% | 23.80% | -7.42% | 10.22% | 18.17% | 35.33% | 2.43% | 30.84% |
Correlation
The correlation between GMED and SYK is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.47 |
The correlation between GMED and SYK has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Fundamentals
GMED:
$11.35B
SYK:
$121.24B
GMED:
$4.29
SYK:
$8.63
GMED:
19.15
SYK:
36.33
GMED:
0.20
SYK:
2.70
GMED:
3.62
SYK:
4.80
GMED:
2.40
SYK:
2.62
GMED:
$3.10B
SYK:
$25.27B
GMED:
$1.58B
SYK:
$16.09B
GMED:
$803.34M
SYK:
$5.48B
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Return for Risk
GMED vs. SYK — Risk / Return Rank
GMED
SYK
GMED vs. SYK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Globus Medical, Inc. (GMED) 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.
| GMED | SYK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.88 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.62 | +2.43 |
| Martin ratioReturn relative to average drawdown | 4.61 | -1.38 | +5.99 |
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Drawdowns
GMED vs. SYK - Drawdown Comparison
The maximum GMED drawdown since its inception was -47.91%, smaller than the maximum SYK drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for GMED and SYK.
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Drawdown Indicators
| GMED | SYK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -58.63% | +10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -29.45% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -29.45% | -14.95% |
Max Drawdown (5Y)Largest decline over 5 years | -47.91% | -31.68% | -16.23% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -43.80% | -4.11% |
Current DrawdownCurrent decline from peak | -15.18% | -21.68% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -13.12% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.70% | 13.07% | -4.37% |
Volatility
GMED vs. SYK - Volatility Comparison
Globus Medical, Inc. (GMED) has a higher volatility of 11.14% compared to Stryker Corporation (SYK) at 8.63%. This indicates that GMED's price experiences larger fluctuations and is considered to be riskier 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
| GMED | SYK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 8.63% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.69% | 18.95% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.70% | 23.20% | +25.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.06% | 24.31% | +13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.54% | 26.39% | +9.15% |
Dividends
GMED vs. SYK - Dividend Comparison
GMED has not paid dividends to shareholders, while SYK's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMED Globus Medical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYK Stryker Corporation | 1.10% | 0.97% | 0.90% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% |
Financials
GMED vs. SYK - Financials Comparison
This section allows you to compare key financial metrics between Globus Medical, Inc. and Stryker Corporation. 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
GMED vs. SYK - Profitability Comparison
GMED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Globus Medical, Inc. reported a gross profit of 0.00 and revenue of 759.85M. Therefore, the gross margin over that period was 0.0%.
SYK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Stryker Corporation reported a gross profit of 3.81B and revenue of 6.02B. Therefore, the gross margin over that period was 63.3%.
GMED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Globus Medical, Inc. reported an operating income of 150.39M and revenue of 759.85M, resulting in an operating margin of 19.8%.
SYK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Stryker Corporation reported an operating income of 936.00M and revenue of 6.02B, resulting in an operating margin of 15.6%.
GMED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Globus Medical, Inc. reported a net income of 124.30M and revenue of 759.85M, resulting in a net margin of 16.4%.
SYK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Stryker Corporation reported a net income of 745.00M and revenue of 6.02B, resulting in a net margin of 12.4%.
Frequently Asked Questions
GMED and SYK have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMED has higher volatility (11.14%) compared to SYK (8.63%). In terms of maximum drawdown, GMED dropped -47.91% vs SYK's -58.63%.
GMED currently has the higher Sharpe Ratio (0.83 vs -0.78), 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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