MDT vs. SOXX
MDT (Medtronic plc) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, MDT returned 2.14%/yr vs 33.24%/yr for SOXX. At a 0.35 correlation, their price movements are largely independent.
Performance
MDT vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -11.51% return, which is significantly lower than SOXX's 76.35% return. Over the past 10 years, MDT has underperformed SOXX with an annualized return of 2.14%, while SOXX has yielded a comparatively higher 33.24% annualized return.
MDT
- 1D
- 3.84%
- 1M
- 3.68%
- 6M
- -14.14%
- YTD
- -11.51%
- 1Y
- -3.90%
- 3Y*
- 2.07%
- 5Y*
- -4.92%
- 10Y*
- 2.14%
SOXX
- 1D
- -4.46%
- 1M
- -10.27%
- 6M
- 57.49%
- YTD
- 76.35%
- 1Y
- 117.02%
- 3Y*
- 45.18%
- 5Y*
- 31.15%
- 10Y*
- 33.24%
MDT vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -11.51% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
SOXX iShares Semiconductor ETF | 76.35% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between MDT and SOXX is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.35 |
The correlation between MDT and SOXX shifts across timeframes, from -0.04 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MDT vs. SOXX — Risk / Return Rank
MDT
SOXX
MDT vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 6.19 | -6.33 |
| Martin ratioReturn relative to average drawdown | -0.30 | 22.06 | -22.36 |
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Drawdowns
MDT vs. SOXX - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for MDT and SOXX.
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Drawdown Indicators
| MDT | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -70.21% | +12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -19.01% | -9.89% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -41.36% | +12.46% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -45.75% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -45.75% | +0.65% |
Current DrawdownCurrent decline from peak | -27.70% | -19.01% | -8.69% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -19.92% | +3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.14% | 5.32% | +7.82% |
Volatility
MDT vs. SOXX - Volatility Comparison
The current volatility for Medtronic plc (MDT) is 10.96%, while iShares Semiconductor ETF (SOXX) has a volatility of 20.64%. This indicates that MDT experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.96% | 20.64% | -9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 19.07% | 36.86% | -17.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 42.42% | -19.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.39% | 37.83% | -15.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 34.30% | -10.86% |
Dividends
MDT vs. SOXX - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.41%, more than SOXX's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.41% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
MDT and SOXX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (20.64%) compared to MDT (10.96%). In terms of maximum drawdown, MDT dropped -57.63% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (2.77 vs -0.17), 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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