STE vs. SYK
STE (STERIS plc) and SYK (Stryker Corporation) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 10 years, STE returned 13.63%/yr vs 12.14%/yr for SYK. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
STE vs. SYK - Performance Comparison
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Returns By Period
In the year-to-date period, STE achieves a -9.41% return, which is significantly lower than SYK's -6.83% return. Over the past 10 years, STE has outperformed SYK with an annualized return of 13.63%, while SYK has yielded a comparatively lower 12.14% annualized return.
STE
- 1D
- -1.22%
- 1M
- 4.67%
- 6M
- -12.54%
- YTD
- -9.41%
- 1Y
- 1.74%
- 3Y*
- 1.66%
- 5Y*
- 1.91%
- 10Y*
- 13.63%
- ALL TIME*
- 16.31%
SYK
- 1D
- -6.42%
- 1M
- -0.26%
- 6M
- -11.39%
- YTD
- -6.83%
- 1Y
- -12.91%
- 3Y*
- 6.29%
- 5Y*
- 4.83%
- 10Y*
- 12.14%
- ALL TIME*
- 17.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
STE STERIS plc | $158.75M | $154.00M | $175.36M |
| $795.69M | $812.11M | $866.68M |
STE vs. SYK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | -9.41% | 24.57% | -5.60% | 20.19% | -23.43% | 29.47% | 25.50% | 44.09% | 23.66% | 31.73% |
SYK Stryker Corporation | -6.83% | -1.48% | 21.34% | 23.80% | -7.42% | 10.22% | 18.17% | 35.33% | 2.43% | 30.84% |
Correlation
The correlation between STE and SYK is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 1992 | 0.39 |
The correlation between STE and SYK shifts across timeframes, from 0.39 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
STE:
$22.26B
SYK:
$124.86B
STE:
$7.93
SYK:
$9.65
STE:
28.80
SYK:
33.75
STE:
0.40
SYK:
2.50
STE:
3.80
SYK:
4.87
STE:
3.12
SYK:
2.62
STE:
$5.94B
SYK:
$25.84B
STE:
$2.63B
SYK:
$16.84B
STE:
$1.34B
SYK:
$6.35B
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Return for Risk
STE vs. SYK — Risk / Return Rank
STE
SYK
STE vs. SYK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) and Stryker Corporation (SYK). 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 | SYK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.91 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.59 | +0.66 |
| Martin ratioReturn relative to average drawdown | 0.15 | -1.28 | +1.43 |
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Drawdowns
STE vs. SYK - Drawdown Comparison
The maximum STE drawdown since its inception was -77.22%, which is greater than SYK's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for STE and SYK.
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Drawdown Indicators
| STE | SYK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -58.63% | -18.59% |
Max Drawdown (1Y)Largest decline over 1 year | -25.37% | -27.80% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -29.45% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -31.68% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.18% | -43.80% | +7.62% |
Current DrawdownCurrent decline from peak | -14.51% | -18.47% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -18.33% | -13.13% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.80% | 12.68% | +0.12% |
Volatility
STE vs. SYK - Volatility Comparison
The current volatility for STERIS plc (STE) is 10.97%, while Stryker Corporation (SYK) has a volatility of 13.88%. This indicates that STE experiences smaller price fluctuations and is considered to be less risky than SYK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STE | SYK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 13.88% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 20.86% | 23.52% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 27.28% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.29% | 25.10% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.15% | 26.75% | -1.60% |
Dividends
STE vs. SYK - Dividend Comparison
STE's dividend yield for the trailing twelve months is around 1.10%, more than SYK's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | 1.10% | 0.95% | 1.06% | 0.90% | 0.97% | 0.68% | 0.81% | 0.93% | 1.22% | 1.35% | 1.57% | 1.27% |
SYK Stryker Corporation | 1.07% | 0.97% | 0.90% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% |
Financials
STE vs. SYK - Financials Comparison
This section allows you to compare key financial metrics between STERIS plc and Stryker Corporation. 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
STE vs. SYK - Profitability Comparison
STE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, STERIS plc reported a gross profit of 697.10M and revenue of 1.59B. Therefore, the gross margin over that period was 43.9%.
SYK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Stryker Corporation reported a gross profit of 4.50B and revenue of 6.59B. Therefore, the gross margin over that period was 68.3%.
STE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, STERIS plc reported an operating income of 316.80M and revenue of 1.59B, resulting in an operating margin of 19.9%.
SYK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Stryker Corporation reported an operating income of 1.66B and revenue of 6.59B, resulting in an operating margin of 25.2%.
STE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, STERIS plc reported a net income of 220.30M and revenue of 1.59B, resulting in a net margin of 13.9%.
SYK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Stryker Corporation reported a net income of 1.28B and revenue of 6.59B, resulting in a net margin of 19.4%.
Frequently Asked Questions
STE and SYK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SYK has higher volatility (13.88%) compared to STE (10.97%). In terms of maximum drawdown, STE dropped -77.22% vs SYK's -58.63%.
STE currently has the higher Sharpe Ratio (0.07 vs -0.60), 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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