SYK vs. ICLN
SYK (Stryker Corporation) is a stock, while ICLN (iShares Global Clean Energy ETF) is Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 10 years, SYK returned 11.64%/yr vs 11.27%/yr for ICLN. At a 0.39 correlation, their price movements are largely independent.
Performance
SYK vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, SYK achieves a -10.51% return, which is significantly lower than ICLN's 24.98% return. Both investments have delivered pretty close results over the past 10 years, with SYK having a 11.64% annualized return and ICLN not far behind at 11.27%.
SYK
- 1D
- 1.19%
- 1M
- -0.88%
- YTD
- -10.51%
- 6M
- -11.11%
- 1Y
- -18.05%
- 3Y*
- 2.73%
- 5Y*
- 4.66%
- 10Y*
- 11.64%
ICLN
- 1D
- -0.92%
- 1M
- -8.37%
- YTD
- 24.98%
- 6M
- 23.85%
- 1Y
- 59.68%
- 3Y*
- 6.42%
- 5Y*
- -1.04%
- 10Y*
- 11.27%
SYK vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYK Stryker Corporation | -10.51% | -1.48% | 21.34% | 23.80% | -7.42% | 10.22% | 18.17% | 35.33% | 2.43% | 30.84% |
ICLN iShares Global Clean Energy ETF | 24.98% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
Correlation
The correlation between SYK and ICLN is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.39 |
The correlation between SYK and ICLN shifts across timeframes, from -0.07 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYK vs. ICLN — Risk / Return Rank
SYK
ICLN
SYK vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stryker Corporation (SYK) and iShares Global Clean Energy ETF (ICLN). 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.
| SYK | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.33 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 3.66 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.38 | 12.50 | -13.89 |
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Drawdowns
SYK vs. ICLN - Drawdown Comparison
The maximum SYK drawdown since its inception was -58.63%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for SYK and ICLN.
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Drawdown Indicators
| SYK | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -87.15% | +28.52% |
Max Drawdown (1Y)Largest decline over 1 year | -29.45% | -16.38% | -13.07% |
Max Drawdown (3Y)Largest decline over 3 years | -29.45% | -43.18% | +13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -31.68% | -57.16% | +25.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | -66.75% | +22.95% |
Current DrawdownCurrent decline from peak | -21.68% | -44.08% | +22.40% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -66.52% | +53.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.07% | 4.79% | +8.28% |
Volatility
SYK vs. ICLN - Volatility Comparison
The current volatility for Stryker Corporation (SYK) is 8.63%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 13.41%. This indicates that SYK experiences smaller price fluctuations and is considered to be less risky than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYK | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.63% | 13.41% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 18.95% | 23.13% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.20% | 28.54% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.31% | 27.69% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 27.33% | -0.94% |
Dividends
SYK vs. ICLN - Dividend Comparison
SYK's dividend yield for the trailing twelve months is around 1.10%, more than ICLN's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 0.90% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
SYK Stryker Corporation | 1.10% | 0.97% | 0.90% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% |
Frequently Asked Questions
SYK and ICLN have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (13.41%) compared to SYK (8.63%). In terms of maximum drawdown, SYK dropped -58.63% vs ICLN's -87.15%.
ICLN currently has the higher Sharpe Ratio (2.11 vs -0.78), 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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