MDT vs. MSFT
MDT (Medtronic plc) and MSFT (Microsoft Corporation) are both stocks. MDT operates in Medical Devices (Healthcare), while MSFT operates in Software - Infrastructure (Technology). Over the past 10 years, MDT returned 2.24%/yr vs 23.18%/yr for MSFT. At a 0.29 correlation, their price movements are largely independent.
Performance
MDT vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -11.80% return, which is significantly higher than MSFT's -16.45% return. Over the past 10 years, MDT has underperformed MSFT with an annualized return of 2.24%, while MSFT has yielded a comparatively higher 23.18% annualized return.
MDT
- 1D
- 0.11%
- 1M
- 5.93%
- 6M
- -12.44%
- YTD
- -11.80%
- 1Y
- -4.03%
- 3Y*
- 1.10%
- 5Y*
- -5.17%
- 10Y*
- 2.24%
- ALL TIME*
- 13.23%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
MDT vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -11.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between MDT and MSFT is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 1986 | 0.29 |
Over the past year, the correlation between MDT and MSFT has dropped to 0.03 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
MDT:
$106.62B
MSFT:
$2.99T
MDT:
$3.73
MSFT:
$16.79
MDT:
22.34
MSFT:
23.96
MDT:
11.61
MSFT:
1.68
MDT:
2.95
MSFT:
9.43
MDT:
2.17
MSFT:
7.23
MDT:
$36.36B
MSFT:
$318.27B
MDT:
$23.64B
MSFT:
$217.41B
MDT:
$9.72B
MSFT:
$200.96B
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Return for Risk
MDT vs. MSFT — Risk / Return Rank
MDT
MSFT
MDT vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.88 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.60 | +0.46 |
| Martin ratioReturn relative to average drawdown | -0.30 | -1.10 | +0.79 |
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Drawdowns
MDT vs. MSFT - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for MDT and MSFT.
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Drawdown Indicators
| MDT | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -69.38% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -34.50% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -34.50% | +5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -37.15% | -7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -37.15% | -7.95% |
Current DrawdownCurrent decline from peak | -27.93% | -25.32% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -21.80% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 18.74% | -5.50% |
Volatility
MDT vs. MSFT - Volatility Comparison
Medtronic plc (MDT) and Microsoft Corporation (MSFT) have volatilities of 10.04% and 10.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 10.25% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 24.51% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.34% | 27.52% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 27.07% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 27.15% | -3.70% |
Dividends
MDT vs. MSFT - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.42%, more than MSFT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.42% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Financials
MDT vs. MSFT - Financials Comparison
This section allows you to compare key financial metrics between Medtronic plc and Microsoft 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. MSFT - Profitability Comparison
MDT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MSFT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Microsoft Corporation reported a gross profit of 56.06B and revenue of 82.89B. Therefore, the gross margin over that period was 67.6%.
MDT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Medtronic plc reported an operating income of 1.56B and revenue of 9.81B, resulting in an operating margin of 16.0%.
MSFT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Microsoft Corporation reported an operating income of 38.40B and revenue of 82.89B, resulting in an operating margin of 46.3%.
MDT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Medtronic plc reported a net income of 1.24B and revenue of 9.81B, resulting in a net margin of 12.7%.
MSFT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Microsoft Corporation reported a net income of 31.78B and revenue of 82.89B, resulting in a net margin of 38.3%.
Frequently Asked Questions
MDT and MSFT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to MDT (10.04%). In terms of maximum drawdown, MDT dropped -57.63% vs MSFT's -69.38%.
MDT currently has the higher Sharpe Ratio (-0.17 vs -0.75), 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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