SYK vs. IHI
Compare and contrast key facts about Stryker Corporation (SYK) and iShares U.S. Medical Devices ETF (IHI).
IHI is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Medical Equipment Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SYK or IHI.
Key characteristics
| SYK | IHI | |
|---|---|---|
| YTD Return | 11.12% | 5.15% |
| 1Y Return | 17.30% | 3.08% |
| 3Y Return (Ann) | 10.71% | 0.47% |
| 5Y Return (Ann) | 13.80% | 9.56% |
| 10Y Return (Ann) | 16.72% | 13.94% |
| Sharpe Ratio | 0.77 | 0.16 |
| Daily Std Dev | 20.89% | 16.05% |
| Max Drawdown | -58.63% | -49.64% |
| Current Drawdown | -7.45% | -14.48% |
Correlation
The correlation between SYK and IHI is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SYK vs. IHI - Performance Comparison
In the year-to-date period, SYK achieves a 11.12% return, which is significantly higher than IHI's 5.15% return. Over the past 10 years, SYK has outperformed IHI with an annualized return of 16.72%, while IHI has yielded a comparatively lower 13.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SYK vs. IHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Stryker Corporation (SYK) and iShares U.S. Medical Devices ETF (IHI). 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.
Dividends
SYK vs. IHI - Dividend Comparison
SYK's dividend yield for the trailing twelve months is around 0.93%, more than IHI's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYK Stryker Corporation | 0.93% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% | 1.34% | 1.46% |
IHI iShares U.S. Medical Devices ETF | 0.52% | 0.53% | 0.45% | 0.25% | 0.25% | 0.33% | 0.26% | 0.37% | 0.55% | 1.28% | 0.65% | 0.33% |
Drawdowns
SYK vs. IHI - Drawdown Comparison
The maximum SYK drawdown since its inception was -58.63%, which is greater than IHI's maximum drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for SYK and IHI. For additional features, visit the drawdowns tool.
Volatility
SYK vs. IHI - Volatility Comparison
Stryker Corporation (SYK) has a higher volatility of 6.15% compared to iShares U.S. Medical Devices ETF (IHI) at 4.26%. This indicates that SYK's price experiences larger fluctuations and is considered to be riskier than IHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.