MDT vs. DHR
MDT (Medtronic plc) and DHR (Danaher Corporation) are both stocks. Both are in the Healthcare sector — MDT in Medical Devices, DHR in Diagnostics & Research. Over the past 10 years, MDT returned 2.43%/yr vs 11.08%/yr for DHR. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
MDT vs. DHR - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -9.57% return, which is significantly higher than DHR's -14.47% return. Over the past 10 years, MDT has underperformed DHR with an annualized return of 2.43%, while DHR has yielded a comparatively higher 11.08% 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%
DHR
- 1D
- -0.61%
- 1M
- -1.49%
- 6M
- -10.55%
- YTD
- -14.47%
- 1Y
- -0.34%
- 3Y*
- -4.26%
- 5Y*
- -5.40%
- 10Y*
- 11.08%
- ALL TIME*
- 18.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.81B | $1.26B | $962.73M | |
| $617.64M | $644.39M | $789.93M |
MDT vs. DHR - 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% |
DHR Danaher Corporation | -14.47% | 0.35% | -0.35% | -1.22% | -19.02% | 48.57% | 45.34% | 49.55% | 11.80% | 20.01% |
Correlation
The correlation between MDT and DHR is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.33 |
The correlation between MDT and DHR shifts across timeframes, from 0.33 (all time) to 0.47 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MDT:
$109.30B
DHR:
$137.13B
MDT:
$3.73
DHR:
$5.63
MDT:
22.91
DHR:
34.62
MDT:
3.02
DHR:
5.52
MDT:
2.22
DHR:
2.62
MDT:
$36.36B
DHR:
$25.11B
MDT:
$23.64B
DHR:
$14.69B
MDT:
$9.72B
DHR:
$6.43B
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Return for Risk
MDT vs. DHR — Risk / Return Rank
MDT
DHR
MDT vs. DHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and Danaher Corporation (DHR). 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 | DHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.01 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.17 | -0.02 | -0.14 |
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Drawdowns
MDT vs. DHR - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, which is greater than DHR's maximum drawdown of -45.80%. Use the drawdown chart below to compare losses from any high point for MDT and DHR.
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Drawdown Indicators
| MDT | DHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -45.80% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -32.97% | +4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -41.72% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -43.81% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -43.81% | -1.29% |
Current DrawdownCurrent decline from peak | -26.11% | -32.19% | +6.08% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -10.30% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.67% | 15.66% | -1.99% |
Volatility
MDT vs. DHR - Volatility Comparison
The current volatility for Medtronic plc (MDT) is 9.97%, while Danaher Corporation (DHR) has a volatility of 15.48%. This indicates that MDT experiences smaller price fluctuations and is considered to be less risky than DHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | DHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 15.48% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 24.23% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 31.20% | -7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 28.76% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.47% | 26.01% | -2.54% |
Dividends
MDT vs. DHR - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.34%, more than DHR's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHR Danaher Corporation | 0.74% | 0.56% | 0.47% | 12.64% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 32.55% | 0.58% |
MDT Medtronic plc | 3.34% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
Financials
MDT vs. DHR - Financials Comparison
This section allows you to compare key financial metrics between Medtronic plc and Danaher 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
MDT vs. DHR - Profitability Comparison
MDT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
DHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Danaher Corporation reported a gross profit of 3.61B and revenue of 6.27B. Therefore, the gross margin over that period was 57.6%.
MDT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Medtronic plc reported an operating income of 1.56B and revenue of 9.81B, resulting in an operating margin of 16.0%.
DHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Danaher Corporation reported an operating income of 1.13B and revenue of 6.27B, resulting in an operating margin of 18.0%.
MDT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Medtronic plc reported a net income of 1.24B and revenue of 9.81B, resulting in a net margin of 12.7%.
DHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Danaher Corporation reported a net income of 870.00M and revenue of 6.27B, resulting in a net margin of 13.9%.
Frequently Asked Questions
MDT and DHR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHR has higher volatility (15.48%) compared to MDT (9.97%). In terms of maximum drawdown, MDT dropped -57.63% vs DHR's -45.80%.
DHR currently has the higher Sharpe Ratio (-0.01 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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