ZBH vs. SNN
ZBH (Zimmer Biomet Holdings, Inc.) and SNN (Smith & Nephew plc) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 10 years, ZBH returned -2.46%/yr vs 0.76%/yr for SNN. At a 0.42 correlation, their price movements are largely independent.
Performance
ZBH vs. SNN - Performance Comparison
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Returns By Period
In the year-to-date period, ZBH achieves a -5.24% return, which is significantly higher than SNN's -7.39% return. Over the past 10 years, ZBH has underperformed SNN with an annualized return of -2.46%, while SNN has yielded a comparatively higher 0.76% annualized return.
ZBH
- 1D
- 1.47%
- 1M
- 2.79%
- YTD
- -5.24%
- 6M
- -8.23%
- 1Y
- -6.51%
- 3Y*
- -12.39%
- 5Y*
- -10.52%
- 10Y*
- -2.46%
SNN
- 1D
- 1.94%
- 1M
- -3.14%
- YTD
- -7.39%
- 6M
- -7.82%
- 1Y
- 5.21%
- 3Y*
- 2.35%
- 5Y*
- -4.25%
- 10Y*
- 0.76%
ZBH vs. SNN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZBH Zimmer Biomet Holdings, Inc. | -5.24% | -14.03% | -12.46% | -3.81% | 4.24% | -17.02% | 3.77% | 45.37% | -13.30% | 17.86% |
SNN Smith & Nephew plc | -7.39% | 36.82% | -7.34% | 4.44% | -20.20% | -16.21% | -10.40% | 30.84% | 8.90% | 18.57% |
Correlation
The correlation between ZBH and SNN is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2001 | 0.42 |
The correlation between ZBH and SNN shifts across timeframes, from 0.42 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ZBH:
$16.64B
SNN:
$13.06B
ZBH:
$3.85
SNN:
$2.37
ZBH:
22.07
SNN:
12.63
ZBH:
0.32
SNN:
0.44
ZBH:
2.00
SNN:
1.09
ZBH:
1.13
SNN:
2.47
ZBH:
$8.41B
SNN:
$11.99B
ZBH:
$5.89B
SNN:
$8.25B
ZBH:
$2.21B
SNN:
$2.82B
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Return for Risk
ZBH vs. SNN — Risk / Return Rank
ZBH
SNN
ZBH vs. SNN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zimmer Biomet Holdings, Inc. (ZBH) and Smith & Nephew plc (SNN). 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.
| ZBH | SNN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.23 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.51 | 0.47 | -0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZBH | SNN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 0.18 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.16 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.03 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.28 | -0.10 |
Drawdowns
ZBH vs. SNN - Drawdown Comparison
The maximum ZBH drawdown since its inception was -65.03%, which is greater than SNN's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for ZBH and SNN.
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Drawdown Indicators
| ZBH | SNN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.03% | -55.20% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -25.54% | -23.03% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -43.94% | -32.36% | -11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -48.62% | -49.18% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -52.14% | -55.06% | +2.92% |
Current DrawdownCurrent decline from peak | -48.89% | -31.62% | -17.27% |
Average DrawdownAverage peak-to-trough decline | -20.05% | -17.64% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.72% | 11.20% | +1.52% |
Volatility
ZBH vs. SNN - Volatility Comparison
Zimmer Biomet Holdings, Inc. (ZBH) and Smith & Nephew plc (SNN) have volatilities of 7.44% and 7.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZBH | SNN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 7.37% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 17.54% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.38% | 29.55% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 27.08% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.43% | 26.91% | +1.52% |
Dividends
ZBH vs. SNN - Dividend Comparison
ZBH's dividend yield for the trailing twelve months is around 1.13%, less than SNN's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNN Smith & Nephew plc | 2.61% | 2.32% | 3.05% | 2.75% | 2.79% | 2.17% | 1.78% | 1.51% | 1.96% | 1.76% | 2.08% | 1.68% |
ZBH Zimmer Biomet Holdings, Inc. | 1.13% | 1.07% | 0.91% | 0.79% | 0.75% | 0.76% | 0.62% | 0.64% | 0.93% | 0.80% | 0.93% | 0.86% |
Financials
ZBH vs. SNN - Financials Comparison
This section allows you to compare key financial metrics between Zimmer Biomet Holdings, Inc. and Smith & Nephew plc. 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
ZBH vs. SNN - Profitability Comparison
ZBH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zimmer Biomet Holdings, Inc. reported a gross profit of 1.51B and revenue of 2.09B. Therefore, the gross margin over that period was 72.4%.
SNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smith & Nephew plc reported a gross profit of 2.09B and revenue of 3.19B. Therefore, the gross margin over that period was 65.6%.
ZBH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zimmer Biomet Holdings, Inc. reported an operating income of 373.20M and revenue of 2.09B, resulting in an operating margin of 17.9%.
SNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smith & Nephew plc reported an operating income of 570.45M and revenue of 3.19B, resulting in an operating margin of 17.9%.
ZBH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zimmer Biomet Holdings, Inc. reported a net income of 238.10M and revenue of 2.09B, resulting in a net margin of 11.4%.
SNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smith & Nephew plc reported a net income of 330.82M and revenue of 3.19B, resulting in a net margin of 10.4%.
Frequently Asked Questions
ZBH and SNN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZBH has higher volatility (7.44%) compared to SNN (7.37%). In terms of maximum drawdown, ZBH dropped -65.03% vs SNN's -55.20%.
SNN currently has the higher Sharpe Ratio (0.18 vs -0.22), 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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