PODD vs SYK: Correlation
Measured on weekly returns over the past three years, Insulet Corporation (PODD) and Stryker Corporation (SYK) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and SYK?
Across a 3-year window, the weekly returns of PODD and SYK correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 324.8 %².
By 3-year correlation, SYK places #16 of the 31 assets tracked against PODD. The last year tells two different stories: SYK led by 39.9 percentage points, -57.1% for PODD against -17.2% for SYK. On a rolling one-year basis the correlation drifted between 0.10 and 0.53, a moderate band. Risk is not evenly split, since PODD carries 1.8 times the volatility of the other side.
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.
PODD vs SYK: side by side
| PODD (Insulet Corporation) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -57.1% | -17.2% |
| 5-year return | -51.6% | +23.8% |
| Volatility (ann.) | 38.9% | 21.5% |
| Beta vs S&P 500 | 0.67 | 0.61 |
| Max drawdown (3Y) | -62.2% | -29.4% |
| Market cap | $9.9B | $123.6B |
| P/E (trailing) | 26.9 | 34.1 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | PODD | SYK |
|---|---|---|
| 2022 | +10.6% | -7.4% |
| 2023 | -26.3% | +23.8% |
| 2024 | +20.3% | +21.3% |
| 2025 | +8.9% | -1.5% |
| 2026 | -49.5% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and SYK good diversifiers for each other?
Reasonably. At 0.39, PODD and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PODD and SYK?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.37 over the last year and 0.38 over 5 years.
Is SYK a good diversifier for PODD?
Reasonably. At 0.39, PODD and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/podd-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/podd-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PODD correlations · SYK correlations
