ISRG vs SYK: Correlation
Intuitive Surgical (ISRG) and Stryker Corporation (SYK) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISRG and SYK?
On 3 years of weekly data the ISRG/SYK correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.46). The 5-year figure is 0.58, and annualized covariance runs at 306.9 %².
Within ISRG's tracked universe of 36 assets, SYK comes in at #19 by 3-year correlation. Their 12-month results are close: -22.1% for ISRG against -17.2% for SYK. The rolling one-year correlation moved between 0.26 and 0.64 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.
ISRG vs SYK: side by side
| ISRG (Intuitive Surgical) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -22.1% | -17.2% |
| 5-year return | +4.0% | +23.8% |
| Volatility (ann.) | 31.1% | 21.5% |
| Beta vs S&P 500 | 1.20 | 0.61 |
| Max drawdown (3Y) | -45.6% | -29.4% |
| Market cap | $131.5B | $123.6B |
| P/E (trailing) | 42.5 | 34.1 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ISRG | SYK |
|---|---|---|
| 2022 | -26.1% | -7.4% |
| 2023 | +27.1% | +23.8% |
| 2024 | +54.7% | +21.3% |
| 2025 | +8.5% | -1.5% |
| 2026 | -35.2% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISRG and SYK good diversifiers for each other?
Reasonably. At 0.46, ISRG and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ISRG and SYK?
The ISRG/SYK correlation stands at 0.46 on a 3-year window (1 year: 0.31, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is SYK a good diversifier for ISRG?
Reasonably. At 0.46, ISRG and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/isrg-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/isrg-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ISRG correlations · SYK correlations
