ABT vs SYK: Correlation
Measured on weekly returns over the past three years, Abbott Laboratories (ABT) and Stryker Corporation (SYK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and SYK?
On 3 years of weekly data the ABT/SYK correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 198.3 %².
By 3-year correlation, SYK places #6 of the 29 assets tracked against ABT. Twelve-month performance is nearly a tie, at -13.2% for ABT and -17.2% for SYK. Across three years, the rolling one-year figure varied moderately, from 0.30 to 0.60.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABT vs SYK: side by side
| ABT (Abbott Laboratories) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -13.2% | -17.2% |
| 5-year return | -2.3% | +23.8% |
| Volatility (ann.) | 22.0% | 21.5% |
| Beta vs S&P 500 | 0.16 | 0.61 |
| Max drawdown (3Y) | -39.6% | -29.4% |
| Market cap | $193.1B | $123.6B |
| P/E (trailing) | 37.0 | 34.1 |
| Dividend yield | 2.17% | 1.06% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABT | SYK |
|---|---|---|
| 2022 | -20.7% | -7.4% |
| 2023 | +2.3% | +23.8% |
| 2024 | +4.8% | +21.3% |
| 2025 | +12.9% | -1.5% |
| 2026 | -9.3% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and SYK good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABT and SYK?
The ABT/SYK correlation stands at 0.42 on a 3-year window (1 year: 0.35, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SYK a good diversifier for ABT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abt-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abt-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABT correlations · SYK correlations
