STE vs. ^SP500TR
STE (STERIS plc) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, STE returned 13.47%/yr vs 15.08%/yr for ^SP500TR. At a 0.45 correlation, their price movements are largely independent.
Performance
STE vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, STE achieves a -13.60% return, which is significantly lower than ^SP500TR's 9.64% return. Over the past 10 years, STE has underperformed ^SP500TR with an annualized return of 13.47%, while ^SP500TR has yielded a comparatively higher 15.08% annualized return.
STE
- 1D
- -1.49%
- 1M
- 9.25%
- 6M
- -18.46%
- YTD
- -13.60%
- 1Y
- -1.98%
- 3Y*
- -0.37%
- 5Y*
- 1.92%
- 10Y*
- 13.47%
^SP500TR
- 1D
- -1.01%
- 1M
- 0.57%
- 6M
- 8.08%
- YTD
- 9.64%
- 1Y
- 19.85%
- 3Y*
- 19.45%
- 5Y*
- 13.12%
- 10Y*
- 15.08%
STE vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | -13.60% | 24.57% | -5.60% | 20.19% | -23.43% | 29.47% | 25.50% | 44.09% | 23.66% | 31.73% |
^SP500TR S&P 500 Total Return | 9.64% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% |
Correlation
The correlation between STE and ^SP500TR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 1992 | 0.45 |
Over the past year, the correlation between STE and ^SP500TR has dropped to 0.24 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
STE vs. ^SP500TR — Risk / Return Rank
STE
^SP500TR
STE vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) and S&P 500 Total Return (^SP500TR). 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.
| STE | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.29 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.24 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.16 | 9.82 | -9.98 |
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Drawdowns
STE vs. ^SP500TR - Drawdown Comparison
The maximum STE drawdown since its inception was -77.22%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for STE and ^SP500TR.
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Drawdown Indicators
| STE | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -55.25% | -21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -25.37% | -8.89% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -18.75% | -6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -24.49% | -11.69% |
Max Drawdown (10Y)Largest decline over 10 years | -36.18% | -33.79% | -2.39% |
Current DrawdownCurrent decline from peak | -18.46% | -1.86% | -16.60% |
Average DrawdownAverage peak-to-trough decline | -18.33% | -8.15% | -10.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 2.03% | +10.27% |
Volatility
STE vs. ^SP500TR - Volatility Comparison
STERIS plc (STE) has a higher volatility of 10.37% compared to S&P 500 Total Return (^SP500TR) at 3.37%. This indicates that STE's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STE | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 3.37% | +7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 10.04% | +10.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.58% | 12.60% | +12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.15% | 17.00% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 18.05% | +7.03% |
Frequently Asked Questions
STE and ^SP500TR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STE has higher volatility (10.37%) compared to ^SP500TR (3.37%). In terms of maximum drawdown, STE dropped -77.22% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (1.58 vs -0.08), 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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