MDT vs. PEP
MDT (Medtronic plc) and PEP (PepsiCo, Inc.) are both stocks. MDT operates in Medical Devices (Healthcare), while PEP operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, MDT returned 2.00%/yr vs 6.62%/yr for PEP. At a 0.30 correlation, their price movements are largely independent.
Performance
MDT vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -15.83% return, which is significantly lower than PEP's 2.49% return. Over the past 10 years, MDT has underperformed PEP with an annualized return of 2.00%, while PEP has yielded a comparatively higher 6.62% annualized return.
MDT
- 1D
- -0.16%
- 1M
- 5.24%
- YTD
- -15.83%
- 6M
- -18.44%
- 1Y
- -6.49%
- 3Y*
- 1.02%
- 5Y*
- -5.47%
- 10Y*
- 2.00%
PEP
- 1D
- 0.38%
- 1M
- -2.33%
- YTD
- 2.49%
- 6M
- -2.36%
- 1Y
- 13.36%
- 3Y*
- -4.09%
- 5Y*
- 2.73%
- 10Y*
- 6.62%
MDT vs. PEP - 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% |
PEP PepsiCo, Inc. | 2.49% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between MDT and PEP is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1981 | 0.30 |
Fundamentals
MDT:
$103.31B
PEP:
$197.79B
MDT:
$3.58
PEP:
$6.37
MDT:
22.38
PEP:
22.64
MDT:
2.02
PEP:
7.83
MDT:
2.91
PEP:
2.07
MDT:
$35.48B
PEP:
$95.45B
MDT:
$5.78B
PEP:
$51.60B
MDT:
$7.11B
PEP:
$15.08B
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Return for Risk
MDT vs. PEP — Risk / Return Rank
MDT
PEP
MDT vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and PepsiCo, Inc. (PEP). 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 | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.12 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.83 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.56 | 2.11 | -2.67 |
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Drawdowns
MDT vs. PEP - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for MDT and PEP.
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Drawdown Indicators
| MDT | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -73.92% | +16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -16.25% | -12.65% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -29.17% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -30.32% | -14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -30.32% | -14.78% |
Current DrawdownCurrent decline from peak | -31.23% | -17.75% | -13.48% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -13.65% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 6.37% | +5.15% |
Volatility
MDT vs. PEP - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 9.32% compared to PepsiCo, Inc. (PEP) at 5.39%. This indicates that MDT's price experiences larger fluctuations and is considered to be riskier than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 5.39% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 14.62% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 21.71% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 18.39% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 19.67% | +3.58% |
Dividends
MDT vs. PEP - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.54%, less than PEP's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEP PepsiCo, Inc. | 3.98% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
MDT vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between Medtronic plc and PepsiCo, Inc.. 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
Frequently Asked Questions
MDT and PEP have a correlation of 0.31, 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 PEP (5.39%). In terms of maximum drawdown, MDT dropped -57.63% vs PEP's -73.92%.
PEP currently has the higher Sharpe Ratio (0.62 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.
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