SYK vs USO: Correlation
Measured on weekly returns over the past three years, Stryker Corporation (SYK) and United States Oil Fund (USO) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYK and USO?
On 3 years of weekly data the SYK/USO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.25 over 3. The 5-year figure is -0.10, and annualized covariance runs at -211.6 %².
USO is close to the least connected end of SYK's tracked universe, ranking #35 of 38. Correlation aside, the last 12 months split them widely, with USO ahead by 91.3 points (-17.2% versus +74.1%). On a rolling one-year basis the correlation drifted between -0.40 and -0.00, a moderate band. Note the risk asymmetry: USO runs 1.8 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 USO: side by side
| SYK (Stryker Corporation) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -17.2% | +74.1% |
| 5-year return | +23.8% | +168.6% |
| Volatility (ann.) | 21.5% | 39.4% |
| Beta vs S&P 500 | 0.61 | -0.20 |
| Max drawdown (3Y) | -29.4% | -32.5% |
| Market cap | $123.6B | – |
| P/E (trailing) | 34.1 | – |
| Dividend yield | 1.06% | – |
| Sector / category | Health Care | ETF · Commodities |
Year-by-year returns
| Year | SYK | USO |
|---|---|---|
| 2022 | -7.4% | +29.0% |
| 2023 | +23.8% | -4.9% |
| 2024 | +21.3% | +13.4% |
| 2025 | -1.5% | -8.5% |
| 2026 | -7.9% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYK and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between SYK and USO?
As of 2026-08-27, the correlation of weekly returns between SYK and USO is -0.25 over 3 years, -0.24 over 1 year and -0.10 over 5 years.
Is USO a good diversifier for SYK?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/syk-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/syk-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SYK correlations · USO correlations
