ISRG vs. GRMN
ISRG (Intuitive Surgical, Inc.) and GRMN (Garmin Ltd.) are both stocks. ISRG operates in Medical Instruments & Supplies (Healthcare), while GRMN operates in Scientific & Technical Instruments (Technology). Over the past 10 years, ISRG returned 19.37%/yr vs 21.88%/yr for GRMN. At a 0.35 correlation, their price movements are largely independent.
Performance
ISRG vs. GRMN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISRG achieves a -26.09% return, which is significantly lower than GRMN's 16.41% return. Over the past 10 years, ISRG has underperformed GRMN with an annualized return of 19.37%, while GRMN has yielded a comparatively higher 21.88% annualized return.
ISRG
- 1D
- -0.82%
- 1M
- -6.99%
- YTD
- -26.09%
- 6M
- -26.16%
- 1Y
- -24.86%
- 3Y*
- 10.20%
- 5Y*
- 8.37%
- 10Y*
- 19.37%
GRMN
- 1D
- -0.57%
- 1M
- -2.02%
- YTD
- 16.41%
- 6M
- 17.82%
- 1Y
- 15.26%
- 3Y*
- 33.20%
- 5Y*
- 13.00%
- 10Y*
- 21.88%
ISRG vs. GRMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -26.09% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
GRMN Garmin Ltd. | 16.41% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
Correlation
The correlation between ISRG and GRMN is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2000 | 0.35 |
The correlation between ISRG and GRMN shifts across timeframes, from 0.31 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ISRG:
$150.62B
GRMN:
$45.53B
ISRG:
$8.24
GRMN:
$8.97
ISRG:
50.80
GRMN:
26.23
ISRG:
3.11
GRMN:
2.11
ISRG:
14.30
GRMN:
6.10
ISRG:
8.56
GRMN:
4.91
ISRG:
$10.58B
GRMN:
$7.46B
ISRG:
$7.02B
GRMN:
$4.41B
ISRG:
$3.76B
GRMN:
$2.26B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISRG vs. GRMN — Risk / Return Rank
ISRG
GRMN
ISRG vs. GRMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) and Garmin Ltd. (GRMN). 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.
| ISRG | GRMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.12 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.55 | -1.32 |
| Martin ratioReturn relative to average drawdown | -1.60 | 1.20 | -2.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ISRG | GRMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 0.51 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.43 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.78 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.45 | +0.03 |
Drawdowns
ISRG vs. GRMN - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, smaller than the maximum GRMN drawdown of -87.71%. Use the drawdown chart below to compare losses from any high point for ISRG and GRMN.
Loading charts...
Drawdown Indicators
| ISRG | GRMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -87.71% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -27.97% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | -27.97% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -54.63% | +4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | -54.63% | +4.73% |
Current DrawdownCurrent decline from peak | -31.43% | -12.07% | -19.36% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -31.53% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.18% | 12.71% | +3.47% |
Volatility
ISRG vs. GRMN - Volatility Comparison
Intuitive Surgical, Inc. (ISRG) has a higher volatility of 11.58% compared to Garmin Ltd. (GRMN) at 7.87%. This indicates that ISRG's price experiences larger fluctuations and is considered to be riskier than GRMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISRG | GRMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 7.87% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.48% | 22.18% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.02% | 30.12% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.17% | 30.38% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.39% | 28.34% | +4.05% |
Dividends
ISRG vs. GRMN - Dividend Comparison
ISRG has not paid dividends to shareholders, while GRMN's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 1.53% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
ISRG Intuitive Surgical, 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% |
Financials
ISRG vs. GRMN - Financials Comparison
This section allows you to compare key financial metrics between Intuitive Surgical, Inc. and Garmin Ltd.. 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
ISRG vs. GRMN - Profitability Comparison
ISRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported a gross profit of 1.83B and revenue of 2.77B. Therefore, the gross margin over that period was 66.1%.
GRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.
ISRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported an operating income of 855.30M and revenue of 2.77B, resulting in an operating margin of 30.9%.
GRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.
ISRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported a net income of 821.50M and revenue of 2.77B, resulting in a net margin of 29.7%.
GRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.
Frequently Asked Questions
ISRG and GRMN have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (11.58%) compared to GRMN (7.87%). In terms of maximum drawdown, ISRG dropped -82.26% vs GRMN's -87.71%.
GRMN currently has the higher Sharpe Ratio (0.51 vs -0.81), 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.
Find the right allocation for ISRG and GRMN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer