SYK vs USAR: Correlation
How closely do Stryker Corporation (SYK) and USA Rare Earth, Inc. (USAR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYK and USAR?
Over the past 3 years, SYK and USAR moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -401.6 %².
By 3-year correlation, USAR places #32 of the 38 assets tracked against SYK. Correlation aside, the last 12 months split them widely, with USAR ahead by 39.9 points (-17.2% versus +22.7%). Note the risk asymmetry: USAR runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SYK vs USAR: side by side
| SYK (Stryker Corporation) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | -17.2% | +22.7% |
| 5-year return | +23.8% | n/a |
| Volatility (ann.) | 21.5% | 98.3% |
| Beta vs S&P 500 | 0.61 | -0.14 |
| Max drawdown (3Y) | -29.4% | -69.2% |
| Market cap | $123.6B | $4.7B |
| P/E (trailing) | 34.1 | – |
| Dividend yield | 1.06% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | SYK | USAR |
|---|---|---|
| 2022 | -7.4% | – |
| 2023 | +23.8% | – |
| 2024 | +21.3% | +11.1% |
| 2025 | -1.5% | +3.7% |
| 2026 | -7.9% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYK and USAR 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 SYK and USAR?
As of 2026-08-27, the correlation of weekly returns between SYK and USAR is -0.19 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is USAR a good diversifier for SYK?
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?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/syk-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/syk-vs-usar/)
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Related comparisons
Hubs: SYK correlations · USAR correlations
