MZTI vs SYK: Correlation
Measured on weekly returns over the past three years, The Marzetti Company (MZTI) and Stryker Corporation (SYK) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MZTI and SYK?
On 3 years of weekly data the MZTI/SYK correlation comes out at 0.31, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.31 over 3 years. The 5-year figure is 0.18, and annualized covariance runs at 197.2 %².
Among the 11 assets we track against MZTI, SYK ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SYK outperformed by 19.2 percentage points (-36.4% for MZTI against -17.2% for SYK).
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.
MZTI vs SYK: side by side
| MZTI (The Marzetti Company) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -36.4% | -17.2% |
| 5-year return | -29.4% | +23.8% |
| Volatility (ann.) | 29.3% | 21.5% |
| Beta vs S&P 500 | 0.29 | 0.61 |
| Max drawdown (3Y) | -46.8% | -29.4% |
| Market cap | $3.1B | $123.6B |
| P/E (trailing) | 16.1 | 34.1 |
| Dividend yield | 3.48% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MZTI | SYK |
|---|---|---|
| 2022 | +21.6% | -7.4% |
| 2023 | -14.0% | +23.8% |
| 2024 | +6.1% | +21.3% |
| 2025 | -2.9% | -1.5% |
| 2026 | -30.5% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MZTI and SYK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MZTI and SYK?
The MZTI/SYK correlation stands at 0.31 on a 3-year window (1 year: 0.59, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SYK a good diversifier for MZTI?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/mzti-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mzti-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MZTI correlations · SYK correlations
