MDT vs. SYK
MDT (Medtronic plc) and SYK (Stryker Corporation) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 10 years, MDT returned 2.13%/yr vs 11.73%/yr for SYK. At a 0.43 correlation, their price movements are largely independent.
Performance
MDT vs. SYK - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -11.50% return, which is significantly lower than SYK's -5.19% return. Over the past 10 years, MDT has underperformed SYK with an annualized return of 2.13%, while SYK has yielded a comparatively higher 11.73% annualized return.
MDT
- 1D
- -0.36%
- 1M
- 5.14%
- 6M
- -12.31%
- YTD
- -11.50%
- 1Y
- -4.04%
- 3Y*
- 1.71%
- 5Y*
- -5.21%
- 10Y*
- 2.13%
SYK
- 1D
- 0.51%
- 1M
- 6.45%
- 6M
- -7.79%
- YTD
- -5.19%
- 1Y
- -14.03%
- 3Y*
- 4.11%
- 5Y*
- 5.96%
- 10Y*
- 11.73%
MDT vs. SYK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -11.50% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
SYK Stryker Corporation | -5.19% | -1.48% | 21.34% | 23.80% | -7.42% | 10.22% | 18.17% | 35.33% | 2.43% | 30.84% |
Correlation
The correlation between MDT and SYK is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 1988 | 0.43 |
The correlation between MDT and SYK shifts across timeframes, from 0.43 (all time) to 0.63 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MDT:
$106.97B
SYK:
$127.06B
MDT:
$3.73
SYK:
$8.63
MDT:
22.42
SYK:
38.40
MDT:
11.65
SYK:
2.85
MDT:
2.96
SYK:
5.07
MDT:
2.18
SYK:
2.77
MDT:
$36.36B
SYK:
$25.27B
MDT:
$23.64B
SYK:
$16.09B
MDT:
$9.72B
SYK:
$5.48B
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Return for Risk
MDT vs. SYK — Risk / Return Rank
MDT
SYK
MDT vs. SYK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and Stryker Corporation (SYK). 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 | SYK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.92 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.48 | +0.34 |
| Martin ratioReturn relative to average drawdown | -0.31 | -1.03 | +0.71 |
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Drawdowns
MDT vs. SYK - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, roughly equal to the maximum SYK drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for MDT and SYK.
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Drawdown Indicators
| MDT | SYK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -58.63% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -29.45% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -29.45% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -31.68% | -13.42% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -43.80% | -1.30% |
Current DrawdownCurrent decline from peak | -27.69% | -17.03% | -10.66% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -13.12% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.93% | 13.69% | -0.76% |
Volatility
MDT vs. SYK - Volatility Comparison
The current volatility for Medtronic plc (MDT) is 8.61%, while Stryker Corporation (SYK) has a volatility of 10.00%. This indicates that MDT experiences smaller price fluctuations and is considered to be less risky than SYK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | SYK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 10.00% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 17.92% | 20.08% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 24.46% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 24.57% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.36% | 26.51% | -3.15% |
Dividends
MDT vs. SYK - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.41%, more than SYK's 1.05% 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% |
SYK Stryker Corporation | 1.05% | 0.97% | 0.90% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% |
Financials
MDT vs. SYK - Financials Comparison
This section allows you to compare key financial metrics between Medtronic plc and Stryker 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. SYK - 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%.
SYK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Stryker Corporation reported a gross profit of 3.81B and revenue of 6.02B. Therefore, the gross margin over that period was 63.3%.
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%.
SYK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Stryker Corporation reported an operating income of 936.00M and revenue of 6.02B, resulting in an operating margin of 15.6%.
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%.
SYK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Stryker Corporation reported a net income of 745.00M and revenue of 6.02B, resulting in a net margin of 12.4%.
Frequently Asked Questions
MDT and SYK have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SYK has higher volatility (10.00%) compared to MDT (8.61%). In terms of maximum drawdown, MDT dropped -57.63% vs SYK's -58.63%.
MDT currently has the higher Sharpe Ratio (-0.18 vs -0.58), 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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