PH vs SYK: Correlation
Measured on weekly returns over the past three years, Parker Hannifin (PH) and Stryker Corporation (SYK) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PH and SYK?
Over the past 3 years, PH and SYK moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 293.4 %².
Among the 57 assets we track against PH, SYK ranks #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PH ahead by 50.0 points (+32.8% versus -17.2%). Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.71.
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.
PH vs SYK: side by side
| PH (Parker Hannifin) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | +32.8% | -17.2% |
| 5-year return | +256.4% | +23.8% |
| Volatility (ann.) | 26.6% | 21.5% |
| Beta vs S&P 500 | 1.16 | 0.61 |
| Max drawdown (3Y) | -26.8% | -29.4% |
| Market cap | $127.5B | $123.6B |
| P/E (trailing) | 36.5 | 34.1 |
| Dividend yield | 0.71% | 1.06% |
| Sector / category | Industrials | Health Care |
Year-by-year returns
| Year | PH | SYK |
|---|---|---|
| 2022 | -6.9% | -7.4% |
| 2023 | +60.8% | +23.8% |
| 2024 | +39.6% | +21.3% |
| 2025 | +39.5% | -1.5% |
| 2026 | +15.5% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PH and SYK good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PH and SYK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.51 over the last year and 0.55 over 5 years.
Is SYK a good diversifier for PH?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/ph-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ph-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PH correlations · SYK correlations
