PEP vs. MDT
PEP (PepsiCo, Inc.) and MDT (Medtronic plc) are both stocks. PEP operates in Beverages - Non-Alcoholic (Consumer Defensive), while MDT operates in Medical Devices (Healthcare). Over the past 10 years, PEP returned 5.36%/yr vs 2.24%/yr for MDT. At a 0.30 correlation, their price movements are largely independent.
Performance
PEP vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, PEP achieves a -3.77% return, which is significantly higher than MDT's -11.80% return. Over the past 10 years, PEP has outperformed MDT with an annualized return of 5.36%, while MDT has yielded a comparatively lower 2.24% annualized return.
PEP
- 1D
- -1.21%
- 1M
- -4.62%
- 6M
- -5.61%
- YTD
- -3.77%
- 1Y
- -1.69%
- 3Y*
- -7.52%
- 5Y*
- 0.44%
- 10Y*
- 5.36%
- ALL TIME*
- 9.54%
MDT
- 1D
- 0.11%
- 1M
- 5.93%
- 6M
- -12.44%
- YTD
- -11.80%
- 1Y
- -4.03%
- 3Y*
- 1.10%
- 5Y*
- -5.17%
- 10Y*
- 2.24%
- ALL TIME*
- 13.23%
PEP vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | -3.77% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
MDT Medtronic plc | -11.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between PEP and MDT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
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 |
The correlation between PEP and MDT shifts across timeframes, from 0.30 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PEP:
$185.04B
MDT:
$106.62B
PEP:
$7.65
MDT:
$3.73
PEP:
17.71
MDT:
22.34
PEP:
6.13
MDT:
11.61
PEP:
1.92
MDT:
2.95
PEP:
8.39
MDT:
2.17
PEP:
$96.90B
MDT:
$36.36B
PEP:
$52.29B
MDT:
$23.64B
PEP:
$18.40B
MDT:
$9.72B
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Return for Risk
PEP vs. MDT — Risk / Return Rank
PEP
MDT
PEP vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.
| PEP | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | -0.14 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.21 | -0.30 | +0.10 |
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Drawdowns
PEP vs. MDT - Drawdown Comparison
The maximum PEP drawdown since its inception was -73.92%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for PEP and MDT.
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Drawdown Indicators
| PEP | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.92% | -57.63% | -16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -19.03% | -28.90% | +9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -29.17% | -28.90% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.32% | -45.10% | +14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -30.32% | -45.10% | +14.78% |
Current DrawdownCurrent decline from peak | -22.77% | -27.93% | +5.16% |
Average DrawdownAverage peak-to-trough decline | -13.66% | -16.57% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 13.24% | -5.17% |
Volatility
PEP vs. MDT - Volatility Comparison
The current volatility for PepsiCo, Inc. (PEP) is 8.71%, while Medtronic plc (MDT) has a volatility of 10.04%. This indicates that PEP 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
| PEP | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 10.04% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 18.91% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.63% | 23.34% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 22.34% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 23.45% | -3.61% |
Dividends
PEP vs. MDT - Dividend Comparison
PEP's dividend yield for the trailing twelve months is around 4.24%, more than MDT's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.42% | 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. | 4.24% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
PEP vs. MDT - Financials Comparison
This section allows you to compare key financial metrics between PepsiCo, Inc. 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
PEP vs. MDT - Profitability Comparison
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported a gross profit of 13.11B and revenue of 24.18B. Therefore, the gross margin over that period was 54.2%.
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%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported an operating income of 4.02B and revenue of 24.18B, resulting in an operating margin of 16.6%.
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%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported a net income of 3.00B and revenue of 24.18B, resulting in a net margin of 12.4%.
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%.
Frequently Asked Questions
PEP and MDT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.04%) compared to PEP (8.71%). In terms of maximum drawdown, PEP dropped -73.92% vs MDT's -57.63%.
PEP currently has the higher Sharpe Ratio (-0.08 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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