STE vs. SPH
STE (STERIS plc) and SPH (Suburban Propane Partners, L.P.) are both stocks. STE operates in Medical Devices (Healthcare), while SPH operates in Utilities - Regulated Gas (Utilities). Over the past 10 years, STE returned 13.20%/yr vs 2.76%/yr for SPH. At a 0.15 correlation, their price movements are largely independent.
Performance
STE vs. SPH - Performance Comparison
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Returns By Period
In the year-to-date period, STE achieves a -19.40% return, which is significantly lower than SPH's -2.20% return. Over the past 10 years, STE has outperformed SPH with an annualized return of 13.20%, while SPH has yielded a comparatively lower 2.76% annualized return.
STE
- 1D
- 1.40%
- 1M
- -5.89%
- YTD
- -19.40%
- 6M
- -19.99%
- 1Y
- -13.31%
- 3Y*
- -0.23%
- 5Y*
- 0.87%
- 10Y*
- 13.20%
SPH
- 1D
- 3.30%
- 1M
- -13.50%
- YTD
- -2.20%
- 6M
- -2.83%
- 1Y
- -1.25%
- 3Y*
- 13.44%
- 5Y*
- 10.87%
- 10Y*
- 2.76%
STE vs. SPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | -19.40% | 24.57% | -5.60% | 20.19% | -23.43% | 29.47% | 25.50% | 44.09% | 23.66% | 31.73% |
SPH Suburban Propane Partners, L.P. | -2.20% | 15.20% | 3.84% | 26.96% | 12.28% | 6.85% | -24.02% | 25.55% | -11.75% | -9.09% |
Correlation
The correlation between STE and SPH is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 1996 | 0.15 |
Fundamentals
STE:
$20.00B
SPH:
$36.15K
STE:
$7.93
SPH:
$2.70
STE:
25.64
SPH:
6.50
STE:
0.35
SPH:
10.73
STE:
3.38
SPH:
1.03
STE:
2.78
SPH:
0.00
STE:
$5.94B
SPH:
$841.91M
STE:
$2.63B
SPH:
-$87.69M
STE:
$1.34B
SPH:
$280.49M
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Return for Risk
STE vs. SPH — Risk / Return Rank
STE
SPH
STE vs. SPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) and Suburban Propane Partners, L.P. (SPH). 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 | SPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.01 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.07 | -0.46 |
| Martin ratioReturn relative to average drawdown | -1.18 | -0.31 | -0.87 |
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Drawdowns
STE vs. SPH - Drawdown Comparison
The maximum STE drawdown since its inception was -77.22%, which is greater than SPH's maximum drawdown of -60.60%. Use the drawdown chart below to compare losses from any high point for STE and SPH.
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Drawdown Indicators
| STE | SPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -60.60% | -16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -25.37% | -19.03% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -20.01% | -5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -20.01% | -16.17% |
Max Drawdown (10Y)Largest decline over 10 years | -36.18% | -55.70% | +19.52% |
Current DrawdownCurrent decline from peak | -23.94% | -14.14% | -9.80% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -12.60% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.31% | 4.16% | +7.15% |
Volatility
STE vs. SPH - Volatility Comparison
The current volatility for STERIS plc (STE) is 5.91%, while Suburban Propane Partners, L.P. (SPH) has a volatility of 8.92%. This indicates that STE experiences smaller price fluctuations and is considered to be less risky than SPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STE | SPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 8.92% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 15.71% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 20.69% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 24.95% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.00% | 29.10% | -4.10% |
Dividends
STE vs. SPH - Dividend Comparison
STE's dividend yield for the trailing twelve months is around 1.24%, less than SPH's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPH Suburban Propane Partners, L.P. | 7.41% | 7.01% | 7.56% | 7.32% | 8.56% | 8.53% | 12.11% | 10.98% | 12.45% | 13.47% | 11.81% | 14.55% |
STE STERIS plc | 1.24% | 0.95% | 1.06% | 0.90% | 0.97% | 0.68% | 0.81% | 0.93% | 1.22% | 1.35% | 1.57% | 1.27% |
Financials
STE vs. SPH - Financials Comparison
This section allows you to compare key financial metrics between STERIS plc and Suburban Propane Partners, L.P.. 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
STE and SPH have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPH has higher volatility (8.92%) compared to STE (5.91%). In terms of maximum drawdown, STE dropped -77.22% vs SPH's -60.60%.
SPH currently has the higher Sharpe Ratio (-0.06 vs -0.55), 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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