MDT vs. IUSB
MDT (Medtronic plc) is a stock, while IUSB (iShares Core Universal USD Bond ETF) is Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. Over the past 10 years, MDT returned 2.00%/yr vs 1.97%/yr for IUSB. At a 0.08 correlation, their price movements are largely independent.
Performance
MDT vs. IUSB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDT achieves a -15.83% return, which is significantly lower than IUSB's 0.67% return. Both investments have delivered pretty close results over the past 10 years, with MDT having a 2.00% annualized return and IUSB not far behind at 1.97%.
MDT
- 1D
- -0.16%
- 1M
- 5.32%
- YTD
- -15.83%
- 6M
- -18.44%
- 1Y
- -5.18%
- 3Y*
- 1.02%
- 5Y*
- -5.47%
- 10Y*
- 2.00%
IUSB
- 1D
- -0.07%
- 1M
- 1.10%
- YTD
- 0.67%
- 6M
- 1.05%
- 1Y
- 5.21%
- 3Y*
- 4.70%
- 5Y*
- 0.39%
- 10Y*
- 1.97%
MDT vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -15.83% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
Correlation
The correlation between MDT and IUSB is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.08 |
The correlation between MDT and IUSB shifts across timeframes, from 0.08 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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
MDT vs. IUSB — Risk / Return Rank
MDT
IUSB
MDT vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.24 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.92 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.56 | 5.62 | -6.18 |
Loading charts...
Drawdowns
MDT vs. IUSB - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for MDT and IUSB.
Loading charts...
Drawdown Indicators
| MDT | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -17.90% | -39.73% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -2.53% | -26.37% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -5.82% | -23.08% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -17.87% | -27.23% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -17.90% | -27.20% |
Current DrawdownCurrent decline from peak | -31.23% | -1.09% | -30.14% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -3.58% | -12.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 0.86% | +10.66% |
Volatility
MDT vs. IUSB - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 9.32% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.30%. This indicates that MDT's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDT | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 1.30% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 2.69% | +13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 3.59% | +17.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 5.80% | +16.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 5.04% | +18.21% |
Dividends
MDT vs. IUSB - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.54%, less than IUSB's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
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% |
Frequently Asked Questions
MDT and IUSB have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (9.32%) compared to IUSB (1.30%). In terms of maximum drawdown, MDT dropped -57.63% vs IUSB's -17.90%.
IUSB currently has the higher Sharpe Ratio (1.35 vs -0.31), 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 MDT and IUSB
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