NDSN vs. MDT
NDSN (Nordson Corporation) and MDT (Medtronic plc) are both stocks. NDSN operates in Specialty Industrial Machinery (Industrials), while MDT operates in Medical Devices (Healthcare). Over the past 10 years, NDSN returned 14.17%/yr vs 2.00%/yr for MDT. At a 0.28 correlation, their price movements are largely independent.
Performance
NDSN vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, NDSN achieves a 20.24% return, which is significantly higher than MDT's -15.83% return. Over the past 10 years, NDSN has outperformed MDT with an annualized return of 14.17%, while MDT has yielded a comparatively lower 2.00% annualized return.
NDSN
- 1D
- 0.90%
- 1M
- 3.33%
- YTD
- 20.24%
- 6M
- 23.21%
- 1Y
- 34.03%
- 3Y*
- 8.35%
- 5Y*
- 6.49%
- 10Y*
- 14.17%
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%
NDSN vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDSN Nordson Corporation | 20.24% | 17.03% | -20.15% | 12.39% | -5.93% | 28.09% | 24.45% | 37.88% | -17.65% | 31.83% |
MDT Medtronic plc | -15.83% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between NDSN and MDT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.28 |
The correlation between NDSN and MDT shifts across timeframes, from 0.28 (all time) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NDSN:
$16.17B
MDT:
$103.31B
NDSN:
$9.36
MDT:
$3.58
NDSN:
30.79
MDT:
22.38
NDSN:
12.07
MDT:
2.02
NDSN:
5.60
MDT:
2.91
NDSN:
$2.90B
MDT:
$35.48B
NDSN:
$1.60B
MDT:
$5.78B
NDSN:
$744.50M
MDT:
$7.11B
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Return for Risk
NDSN vs. MDT — Risk / Return Rank
NDSN
MDT
NDSN vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordson Corporation (NDSN) and Medtronic plc (MDT). 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.
| NDSN | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.96 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.23 | +2.64 |
| Martin ratioReturn relative to average drawdown | 7.81 | -0.56 | +8.38 |
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Drawdowns
NDSN vs. MDT - Drawdown Comparison
The maximum NDSN drawdown since its inception was -73.62%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for NDSN and MDT.
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Drawdown Indicators
| NDSN | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -57.63% | -15.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -28.90% | +14.75% |
Max Drawdown (3Y)Largest decline over 3 years | -39.15% | -28.90% | -10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -39.15% | -45.10% | +5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -44.24% | -45.10% | +0.86% |
Current DrawdownCurrent decline from peak | -3.41% | -31.23% | +27.82% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -16.55% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 11.52% | -7.15% |
Volatility
NDSN vs. MDT - Volatility Comparison
The current volatility for Nordson Corporation (NDSN) is 8.59%, while Medtronic plc (MDT) has a volatility of 9.32%. This indicates that NDSN experiences smaller price fluctuations and is considered to be less risky than MDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDSN | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 9.32% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 16.28% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 21.07% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.78% | 21.93% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.47% | 23.25% | +5.22% |
Dividends
NDSN vs. MDT - Dividend Comparison
NDSN's dividend yield for the trailing twelve months is around 1.12%, less than MDT's 3.54% 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% |
NDSN Nordson Corporation | 1.12% | 1.66% | 1.02% | 1.01% | 0.98% | 0.71% | 0.77% | 0.90% | 1.09% | 0.78% | 0.91% | 1.43% |
Financials
NDSN vs. MDT - Financials Comparison
This section allows you to compare key financial metrics between Nordson Corporation and Medtronic plc. 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
NDSN and MDT have a correlation of 0.29, 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 NDSN (8.59%). In terms of maximum drawdown, NDSN dropped -73.62% vs MDT's -57.63%.
NDSN currently has the higher Sharpe Ratio (1.61 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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