MASI vs. MDT

Last updated Jun 25, 2026

MASI (Masimo Corporation) and MDT (Medtronic plc) are both stocks. Both are in the Healthcare sector — MASI in Medical Instruments & Supplies, MDT in Medical Devices. Over the past 10 years, MASI returned 13.20%/yr vs 2.26%/yr for MDT. At a 0.41 correlation, their price movements are largely independent.

Performance

MASI vs. MDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Masimo Corporation (MASI) and Medtronic plc (MDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MASI achieves a 38.36% return, which is significantly higher than MDT's -15.90% return. Over the past 10 years, MASI has outperformed MDT with an annualized return of 13.20%, while MDT has yielded a comparatively lower 2.26% annualized return.

MASI

• 1D: 0.00%
• 1M: 0.64%
• YTD: 38.36%
• 6M: 35.02%
• 1Y: 5.69%
• 3Y*: 4.80%
• 5Y*: -4.11%
• 10Y*: 13.20%

MDT

• 1D: -0.62%
• 1M: 1.95%
• YTD: -15.90%
• 6M: -16.34%
• 1Y: -3.95%
• 3Y*: 0.06%
• 5Y*: -5.76%
• 10Y*: 2.26%

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

MASI vs. MDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MASI Masimo Corporation	38.36%	-21.32%	41.03%	-20.78%	-49.47%	9.09%	69.80%	47.21%	26.62%	25.82%
MDT Medtronic plc	-15.90%	24.05%	0.28%	9.58%	-22.55%	-9.79%	5.70%	27.34%	15.18%	15.90%

Correlation

The correlation between MASI and MDT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 8, 2007	0.41

The correlation between MASI and MDT shifts across timeframes, from 0.23 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MASI : $9.47B MDT : $103.22B
EPS MASI : $1.41 MDT : $3.73
PE Ratio MASI : 127.36 MDT : 21.50
PS Ratio MASI : 6.24 MDT : 2.84
PB Ratio MASI : 12.00 MDT : 2.09
Total Revenue (TTM) MASI : $1.56B MDT : $36.36B
Gross Profit (TTM) MASI : $962.00M MDT : $23.64B
EBITDA (TTM) MASI : $336.40M MDT : $9.72B

Return for Risk

MASI vs. MDT — Risk / Return Rank

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

MASI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MDT

MDT Risk / Return Rank: 34
MDT Sharpe Ratio Rank: 36
MDT Sortino Ratio Rank: 30
MDT Omega Ratio Rank: 30
MDT Calmar Ratio Rank: 39
MDT Martin Ratio Rank: 38

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.

MASI vs. MDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Masimo Corporation (MASI) 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.

	MASI	MDT	Difference
Sharpe ratio: Return per unit of total volatility	0.16	-0.19	+0.35
Sortino ratio: Return per unit of downside risk	0.75	-0.12	+0.87
Omega ratio: Gain probability vs. loss probability	1.10	0.99	+0.12
Calmar ratio: Return relative to maximum drawdown	0.28	-0.14	+0.42
Martin ratio: Return relative to average drawdown	0.56	-0.33	+0.89

MASI vs. MDT - Sharpe Ratio Comparison

The current MASI Sharpe Ratio is 0.16, which is higher than the MDT Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of MASI and MDT, 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

MASI vs. MDT - Drawdown Comparison

The maximum MASI drawdown since its inception was -74.70%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for MASI and MDT.

Drawdown Indicators

	MASI	MDT	Difference
Max Drawdown Largest peak-to-trough decline	-74.70%	-57.63%	-17.07%
Max Drawdown (1Y) Largest decline over 1 year	-25.64%	-28.90%	+3.26%
Max Drawdown (3Y) Largest decline over 3 years	-53.67%	-28.90%	-24.77%
Max Drawdown (5Y) Largest decline over 5 years	-74.70%	-45.10%	-29.60%
Max Drawdown (10Y) Largest decline over 10 years	-74.70%	-45.10%	-29.60%
Current Drawdown Current decline from peak	-40.67%	-31.29%	-9.38%
Average Drawdown Average peak-to-trough decline	-27.22%	-16.56%	-10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.71%	12.13%	+0.58%

Volatility

MASI vs. MDT - Volatility Comparison

The current volatility for Masimo Corporation (MASI) is 0.71%, while Medtronic plc (MDT) has a volatility of 10.19%. This indicates that MASI 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.

Volatility by Period

	MASI	MDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	10.19%	-9.48%
Volatility (6M) Calculated over the trailing 6-month period	32.56%	16.88%	+15.68%
Volatility (1Y) Calculated over the trailing 1-year period	44.29%	21.42%	+22.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.76%	22.01%	+22.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.72%	23.27%	+14.45%

Dividends

MASI vs. MDT - Dividend Comparison

MASI has not paid dividends to shareholders, while MDT's dividend yield for the trailing twelve months is around 3.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MASI Masimo Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MDT Medtronic plc	3.54%	2.95%	3.49%	3.34%	3.44%	2.39%	1.95%	1.87%	2.15%	2.24%	2.34%	1.88%

Financials

MASI vs. MDT - Profitability Comparison

The chart below illustrates the profitability comparison between Masimo Corporation and Medtronic plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MASI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Masimo Corporation reported a gross profit of 250.80M and revenue of 403.60M. Therefore, the gross margin over that period was 62.1%.

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%.

MASI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Masimo Corporation reported an operating income of 77.40M and revenue of 403.60M, resulting in an operating margin of 19.2%.

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%.

MASI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Masimo Corporation reported a net income of 57.10M and revenue of 403.60M, resulting in a net margin of 14.2%.

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

Can I hold both MASI and MDT in my portfolio?

MASI and MDT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MASI or MDT?

MDT has higher volatility (10.19%) compared to MASI (0.71%). In terms of maximum drawdown, MASI dropped -74.70% vs MDT's -57.63%.

Which has better risk-adjusted returns?

MASI currently has the higher Sharpe Ratio (0.16 vs -0.19), 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.