COO vs SYK: Correlation
How closely do Cooper Companies (The) (COO) and Stryker Corporation (SYK) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and SYK?
On 3 years of weekly data the COO/SYK correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 283.1 %².
Among the 38 assets we track against COO, SYK ranks #19 by 3-year correlation. Over the last 12 months COO came out ahead by 12.9 percentage points (-4.3% against -17.2%). The rolling one-year correlation moved between 0.28 and 0.61 over the past three years, a moderate range.
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.
COO vs SYK: side by side
| COO (Cooper Companies (The)) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -4.3% | -17.2% |
| 5-year return | -36.8% | +23.8% |
| Volatility (ann.) | 27.7% | 21.5% |
| Beta vs S&P 500 | 0.69 | 0.61 |
| Max drawdown (3Y) | -47.0% | -29.4% |
| Market cap | – | $123.6B |
| P/E (trailing) | 61.7 | 34.1 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | COO | SYK |
|---|---|---|
| 2022 | -21.1% | -7.4% |
| 2023 | +14.5% | +23.8% |
| 2024 | -2.8% | +21.3% |
| 2025 | -10.8% | -1.5% |
| 2026 | -13.4% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and SYK good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COO and SYK?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.57 over the last year and 0.60 over 5 years.
Is SYK a good diversifier for COO?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coo-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/coo-vs-syk/)
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Related comparisons
Hubs: COO correlations · SYK correlations
