REED vs SYK: Correlation
Reed's, Inc. (REED) and Stryker Corporation (SYK) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REED and SYK?
Across a 3-year window, the weekly returns of REED and SYK correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.19). Stretching to 5 years gives -0.07, with an annualized covariance of -437.2 %².
By 3-year correlation, SYK places #12 of the 31 assets tracked against REED. The last year tells two different stories: SYK led by 66.9 percentage points, -84.1% for REED against -17.2% for SYK. Risk is not evenly split, since REED carries 4.9 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.
REED vs SYK: side by side
| REED (Reed's, Inc.) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -84.1% | -17.2% |
| 5-year return | -99.5% | +23.8% |
| Volatility (ann.) | 104.6% | 21.5% |
| Beta vs S&P 500 | -0.39 | 0.61 |
| Max drawdown (3Y) | -96.4% | -29.4% |
| Market cap | – | $123.6B |
| P/E (trailing) | – | 34.1 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | REED | SYK |
|---|---|---|
| 2022 | -80.6% | -7.4% |
| 2023 | -54.3% | +23.8% |
| 2024 | -60.6% | +21.3% |
| 2025 | -44.4% | -1.5% |
| 2026 | -53.6% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REED and SYK good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REED and SYK?
As of 2026-08-27, the correlation of weekly returns between REED and SYK is -0.19 over 3 years, -0.35 over 1 year and -0.07 over 5 years.
Is SYK a good diversifier for REED?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/reed-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/reed-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REED correlations · SYK correlations
