ISRG vs. JCI

Last updated Jul 21, 2026

ISRG (Intuitive Surgical, Inc.) and JCI (Johnson Controls International plc) are both stocks. ISRG operates in Medical Instruments & Supplies (Healthcare), while JCI operates in Engineering & Construction (Industrials). Over the past 10 years, ISRG returned 16.51%/yr vs 13.84%/yr for JCI. At a 0.33 correlation, their price movements are largely independent.

Performance

ISRG vs. JCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Intuitive Surgical, Inc. (ISRG) and Johnson Controls International plc (JCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISRG achieves a -37.64% return, which is significantly lower than JCI's 17.07% return. Over the past 10 years, ISRG has outperformed JCI with an annualized return of 16.51%, while JCI has yielded a comparatively lower 13.84% annualized return.

ISRG

• 1D: 2.24%
• 1M: -13.18%
• 6M: -33.99%
• YTD: -37.64%
• 1Y: -31.90%
• 3Y*: 1.61%
• 5Y*: 2.32%
• 10Y*: 16.51%
• ALL TIME*: 21.90%

JCI

• 1D: -0.78%
• 1M: -3.76%
• 6M: 22.32%
• YTD: 17.07%
• 1Y: 29.57%
• 3Y*: 28.78%
• 5Y*: 16.90%
• 10Y*: 13.84%
• ALL TIME*: 13.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISRG vs. JCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISRG Intuitive Surgical, Inc.	-37.64%	8.51%	54.72%	27.14%	-26.15%	31.76%	38.39%	23.43%	31.23%	72.64%
JCI Johnson Controls International plc	17.07%	54.03%	39.80%	-7.63%	-19.29%	77.42%	17.70%	40.91%	-19.85%	-5.11%

Correlation

The correlation between ISRG and JCI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000	0.33

Over the past year, the correlation between ISRG and JCI has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Fundamentals

Market Cap ISRG : $125.08B JCI : $85.03B
EPS ISRG : $8.72 JCI : $5.59
PE Ratio ISRG : 40.52 JCI : 24.92
PEG Ratio ISRG : 2.48 JCI : 6.32
PS Ratio ISRG : 11.53 JCI : 4.71
Total Revenue (TTM) ISRG : $11.03B JCI : $12.49B
Gross Profit (TTM) ISRG : $7.36B JCI : $8.93B
EBITDA (TTM) ISRG : $4.18B JCI : $3.12B

Return for Risk

ISRG vs. JCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISRG

ISRG Risk / Return Rank: 9
ISRG Sharpe Ratio Rank: 7
ISRG Sortino Ratio Rank: 10
ISRG Omega Ratio Rank: 10
ISRG Calmar Ratio Rank: 15
ISRG Martin Ratio Rank: 2

JCI

JCI Risk / Return Rank: 77
JCI Sharpe Ratio Rank: 76
JCI Sortino Ratio Rank: 70
JCI Omega Ratio Rank: 71
JCI Calmar Ratio Rank: 82
JCI Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISRG vs. JCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) and Johnson Controls International plc (JCI). 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.

	ISRG	JCI	Difference
Sharpe ratio: Return per unit of total volatility	-0.91	1.01	-1.91
Sortino ratio: Return per unit of downside risk	-1.24	1.49	-2.73
Omega ratio: Gain probability vs. loss probability	0.84	1.20	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.77	2.34	-3.10
Martin ratio: Return relative to average drawdown	-1.77	6.23	-8.00

ISRG vs. JCI - Sharpe Ratio Comparison

The current ISRG Sharpe Ratio is -0.91, which is lower than the JCI Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of ISRG and JCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ISRG vs. JCI - Drawdown Comparison

The maximum ISRG drawdown since its inception was -82.26%, smaller than the maximum JCI drawdown of -86.83%. Use the drawdown chart below to compare losses from any high point for ISRG and JCI.

Drawdown Indicators

	ISRG	JCI	Difference
Max Drawdown Largest peak-to-trough decline	-82.26%	-86.83%	+4.57%
Max Drawdown (1Y) Largest decline over 1 year	-41.74%	-12.71%	-29.03%
Max Drawdown (3Y) Largest decline over 3 years	-43.42%	-30.85%	-12.57%
Max Drawdown (5Y) Largest decline over 5 years	-49.90%	-42.32%	-7.58%
Max Drawdown (10Y) Largest decline over 10 years	-49.90%	-47.14%	-2.76%
Current Drawdown Current decline from peak	-42.15%	-5.96%	-36.19%
Average Drawdown Average peak-to-trough decline	-21.33%	-21.66%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.06%	4.76%	+13.30%

Volatility

ISRG vs. JCI - Volatility Comparison

Intuitive Surgical, Inc. (ISRG) has a higher volatility of 19.26% compared to Johnson Controls International plc (JCI) at 10.14%. This indicates that ISRG's price experiences larger fluctuations and is considered to be riskier than JCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISRG	JCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.26%	10.14%	+9.12%
Volatility (6M) Calculated over the trailing 6-month period	27.17%	23.12%	+4.05%
Volatility (1Y) Calculated over the trailing 1-year period	35.38%	29.53%	+5.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.17%	28.67%	+5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.87%	28.11%	+4.76%

Dividends

ISRG vs. JCI - Dividend Comparison

ISRG has not paid dividends to shareholders, while JCI's dividend yield for the trailing twelve months is around 1.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
JCI Johnson Controls International plc	1.15%	1.29%	1.88%	2.55%	2.19%	1.41%	2.23%	2.55%	3.51%	2.65%	4.23%	5.85%

Financials

ISRG vs. JCI - Profitability Comparison

The chart below illustrates the profitability comparison between Intuitive Surgical, Inc. and Johnson Controls International plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Portfolio components

ISRG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Intuitive Surgical, Inc. reported a gross profit of 1.96B and revenue of 2.89B. Therefore, the gross margin over that period was 67.8%.

JCI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Johnson Controls International plc reported a gross profit of 2.26B and revenue of -5.80B. Therefore, the gross margin over that period was -39.0%.

ISRG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Intuitive Surgical, Inc. reported an operating income of 971.90M and revenue of 2.89B, resulting in an operating margin of 33.6%.

JCI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Johnson Controls International plc reported an operating income of 612.00M and revenue of -5.80B, resulting in an operating margin of -10.6%.

ISRG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Intuitive Surgical, Inc. reported a net income of 818.10M and revenue of 2.89B, resulting in a net margin of 28.3%.

JCI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Johnson Controls International plc reported a net income of -556.00M and revenue of -5.80B, resulting in a net margin of 9.6%.

Frequently Asked Questions

Can I hold both ISRG and JCI in my portfolio?

ISRG and JCI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISRG or JCI?

ISRG has higher volatility (19.26%) compared to JCI (10.14%). In terms of maximum drawdown, ISRG dropped -82.26% vs JCI's -86.83%.

Which has better risk-adjusted returns?

JCI currently has the higher Sharpe Ratio (1.01 vs -0.91), 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.