PAYC vs. ISRG
PAYC (Paycom Software, Inc.) and ISRG (Intuitive Surgical, Inc.) are both stocks. PAYC operates in Software - Application (Technology), while ISRG operates in Medical Instruments & Supplies (Healthcare). Over the past 10 years, PAYC returned 13.52%/yr vs 16.50%/yr for ISRG. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
PAYC vs. ISRG - Performance Comparison
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Returns By Period
In the year-to-date period, PAYC achieves a 3.45% return, which is significantly higher than ISRG's -37.61% return. Over the past 10 years, PAYC has underperformed ISRG with an annualized return of 13.52%, while ISRG has yielded a comparatively higher 16.50% annualized return.
PAYC
- 1D
- 1.51%
- 1M
- 22.39%
- 6M
- 22.34%
- YTD
- 3.45%
- 1Y
- -28.52%
- 3Y*
- -23.20%
- 5Y*
- -15.91%
- 10Y*
- 13.52%
- ALL TIME*
- 19.99%
ISRG
- 1D
- 0.10%
- 1M
- -12.19%
- 6M
- -29.93%
- YTD
- -37.61%
- 1Y
- -26.56%
- 3Y*
- 2.94%
- 5Y*
- 1.35%
- 10Y*
- 16.50%
- ALL TIME*
- 21.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.43B | $1.49B | $1.19B | |
| $122.41M | $116.28M | $133.30M |
PAYC vs. ISRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAYC Paycom Software, Inc. | 3.45% | -21.70% | -0.04% | -33.06% | -25.26% | -8.19% | 70.82% | 116.22% | 52.43% | 76.59% |
ISRG Intuitive Surgical, Inc. | -37.61% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
Correlation
The correlation between PAYC and ISRG is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2014 | 0.46 |
Over the past year, the correlation between PAYC and ISRG has dropped to 0.25 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
Fundamentals
PAYC:
$8.95B
ISRG:
$124.82B
PAYC:
$8.66
ISRG:
$8.72
PAYC:
18.93
ISRG:
40.54
PAYC:
0.71
ISRG:
2.48
PAYC:
4.25
ISRG:
11.53
PAYC:
10.34
ISRG:
6.92
PAYC:
$2.09B
ISRG:
$11.03B
PAYC:
$1.70B
ISRG:
$7.36B
PAYC:
$803.80M
ISRG:
$4.18B
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Return for Risk
PAYC vs. ISRG — Risk / Return Rank
PAYC
ISRG
PAYC vs. ISRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paycom Software, Inc. (PAYC) and Intuitive Surgical, Inc. (ISRG). 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.
| PAYC | ISRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.88 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.61 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.82 | -1.40 | +0.58 |
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Drawdowns
PAYC vs. ISRG - Drawdown Comparison
The maximum PAYC drawdown since its inception was -78.99%, roughly equal to the maximum ISRG drawdown of -82.26%. Use the drawdown chart below to compare losses from any high point for PAYC and ISRG.
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Drawdown Indicators
| PAYC | ISRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.99% | -82.26% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -51.11% | -44.00% | -7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -61.27% | -45.61% | -15.66% |
Max Drawdown (5Y)Largest decline over 5 years | -78.99% | -49.90% | -29.09% |
Max Drawdown (10Y)Largest decline over 10 years | -78.99% | -49.90% | -29.09% |
Current DrawdownCurrent decline from peak | -69.60% | -42.12% | -27.48% |
Average DrawdownAverage peak-to-trough decline | -27.71% | -21.36% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.70% | 19.01% | +15.69% |
Volatility
PAYC vs. ISRG - Volatility Comparison
The current volatility for Paycom Software, Inc. (PAYC) is 15.15%, while Intuitive Surgical, Inc. (ISRG) has a volatility of 20.49%. This indicates that PAYC experiences smaller price fluctuations and is considered to be less risky than ISRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAYC | ISRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 20.49% | -5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 33.60% | 28.02% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.05% | 35.93% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.08% | 34.29% | +10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.73% | 32.94% | +11.79% |
Dividends
PAYC vs. ISRG - Dividend Comparison
PAYC's dividend yield for the trailing twelve months is around 0.91%, while ISRG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
PAYC Paycom Software, Inc. | 0.91% | 0.94% | 0.73% | 0.54% |
Financials
PAYC vs. ISRG - Financials Comparison
This section allows you to compare key financial metrics between Paycom Software, Inc. and Intuitive Surgical, 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
PAYC vs. ISRG - Profitability Comparison
PAYC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Paycom Software, Inc. reported a gross profit of 484.60M and revenue of 571.90M. Therefore, the gross margin over that period was 84.7%.
ISRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Intuitive Surgical, Inc. reported a gross profit of 1.96B and revenue of 2.89B. Therefore, the gross margin over that period was 67.8%.
PAYC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Paycom Software, Inc. reported an operating income of 210.20M and revenue of 571.90M, resulting in an operating margin of 36.8%.
ISRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Intuitive Surgical, Inc. reported an operating income of 971.90M and revenue of 2.89B, resulting in an operating margin of 33.6%.
PAYC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Paycom Software, Inc. reported a net income of 155.70M and revenue of 571.90M, resulting in a net margin of 27.2%.
ISRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Intuitive Surgical, Inc. reported a net income of 818.10M and revenue of 2.89B, resulting in a net margin of 28.3%.
Frequently Asked Questions
PAYC and ISRG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (20.49%) compared to PAYC (15.15%). In terms of maximum drawdown, PAYC dropped -78.99% vs ISRG's -82.26%.
PAYC currently has the higher Sharpe Ratio (-0.70 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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