MDT vs. ^GSPC
MDT (Medtronic plc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, MDT returned 2.43%/yr vs 13.26%/yr for ^GSPC. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
MDT vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -9.57% return, which is significantly lower than ^GSPC's 9.41% return. Over the past 10 years, MDT has underperformed ^GSPC with an annualized return of 2.43%, while ^GSPC has yielded a comparatively higher 13.26% annualized return.
MDT
- 1D
- -0.37%
- 1M
- 2.64%
- 6M
- -15.63%
- YTD
- -9.57%
- 1Y
- -1.31%
- 3Y*
- 2.43%
- 5Y*
- -5.33%
- 10Y*
- 2.43%
- ALL TIME*
- 13.29%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $617.64M | $644.39M | $789.93M |
MDT vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -9.57% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between MDT and ^GSPC is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1981 | 0.46 |
Over the past year, the correlation between MDT and ^GSPC has dropped to 0.12 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
MDT vs. ^GSPC — Risk / Return Rank
MDT
^GSPC
MDT vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and S&P 500 Index (^GSPC). 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.
| MDT | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.00 | -2.08 |
| Martin ratioReturn relative to average drawdown | -0.17 | 8.49 | -8.66 |
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Drawdowns
MDT vs. ^GSPC - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MDT and ^GSPC.
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Drawdown Indicators
| MDT | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -56.78% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -9.10% | -19.80% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -18.90% | -10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -25.43% | -19.67% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -33.92% | -11.18% |
Current DrawdownCurrent decline from peak | -26.11% | -1.58% | -24.53% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -10.70% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.67% | 2.14% | +11.53% |
Volatility
MDT vs. ^GSPC - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 9.97% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that MDT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 3.51% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 10.11% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 12.87% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 17.01% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.47% | 18.07% | +5.40% |
Frequently Asked Questions
MDT and ^GSPC 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.
MDT has higher volatility (9.97%) compared to ^GSPC (3.51%). In terms of maximum drawdown, MDT dropped -57.63% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.42 vs -0.10), 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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