RIO vs. MDT
RIO (Rio Tinto Group) and MDT (Medtronic plc) are both stocks. RIO operates in Other Industrial Metals & Mining (Basic Materials), while MDT operates in Medical Devices (Healthcare). Over the past 10 years, RIO returned 22.54%/yr vs 2.00%/yr for MDT. At a 0.21 correlation, their price movements are largely independent.
Performance
RIO vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, RIO achieves a 35.32% return, which is significantly higher than MDT's -15.83% return. Over the past 10 years, RIO has outperformed MDT with an annualized return of 22.54%, while MDT has yielded a comparatively lower 2.00% annualized return.
RIO
- 1D
- 1.65%
- 1M
- -5.97%
- YTD
- 35.32%
- 6M
- 43.14%
- 1Y
- 89.03%
- 3Y*
- 24.54%
- 5Y*
- 11.74%
- 10Y*
- 22.54%
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%
RIO vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIO Rio Tinto Group | 35.32% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
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 RIO and MDT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1990 | 0.21 |
The correlation between RIO and MDT shifts across timeframes, from 0.14 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
RIO:
$172.61B
MDT:
$103.31B
RIO:
$13.11
MDT:
$3.58
RIO:
8.03
MDT:
22.38
RIO:
1.55
MDT:
2.91
RIO:
$111.41B
MDT:
$35.48B
RIO:
$31.10B
MDT:
$5.78B
RIO:
$40.42B
MDT:
$7.11B
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Return for Risk
RIO vs. MDT — Risk / Return Rank
RIO
MDT
RIO vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rio Tinto Group (RIO) 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.
| RIO | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.96 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.89 | -0.23 | +6.12 |
| Martin ratioReturn relative to average drawdown | 21.91 | -0.56 | +22.47 |
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Drawdowns
RIO vs. MDT - Drawdown Comparison
The maximum RIO drawdown since its inception was -88.97%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for RIO and MDT.
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Drawdown Indicators
| RIO | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -57.63% | -31.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.19% | -28.90% | +13.71% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -28.90% | +4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -45.10% | +9.85% |
Max Drawdown (10Y)Largest decline over 10 years | -37.47% | -45.10% | +7.63% |
Current DrawdownCurrent decline from peak | -5.97% | -31.23% | +25.26% |
Average DrawdownAverage peak-to-trough decline | -23.76% | -16.55% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 11.52% | -7.43% |
Volatility
RIO vs. MDT - Volatility Comparison
Rio Tinto Group (RIO) has a higher volatility of 11.81% compared to Medtronic plc (MDT) at 9.32%. This indicates that RIO's price experiences larger fluctuations and is considered to be riskier 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
| RIO | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.81% | 9.32% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 24.27% | 16.28% | +7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.32% | 21.07% | +8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.30% | 21.93% | +7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 23.25% | +7.40% |
Dividends
RIO vs. MDT - Dividend Comparison
RIO's dividend yield for the trailing twelve months is around 3.82%, more 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% |
RIO Rio Tinto Group | 3.82% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
RIO vs. MDT - Financials Comparison
This section allows you to compare key financial metrics between Rio Tinto Group 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
RIO and MDT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIO has higher volatility (11.81%) compared to MDT (9.32%). In terms of maximum drawdown, RIO dropped -88.97% vs MDT's -57.63%.
RIO currently has the higher Sharpe Ratio (3.05 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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