SYK vs VTV: Correlation
Stryker Corporation (SYK) and Vanguard Value ETF (VTV) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYK and VTV?
Across a 3-year window, the weekly returns of SYK and VTV correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 127.7 %².
Within SYK's tracked universe of 38 assets, VTV comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTV outperformed by 42.9 percentage points (-17.2% for SYK against +25.7% for VTV). The rolling one-year correlation moved between 0.29 and 0.74 over the past three years, a moderate range. Note the risk asymmetry: SYK 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 VTV: side by side
| SYK (Stryker Corporation) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -17.2% | +25.7% |
| 5-year return | +23.8% | +79.1% |
| Volatility (ann.) | 21.5% | 11.9% |
| Beta vs S&P 500 | 0.61 | 0.65 |
| Max drawdown (3Y) | -29.4% | -14.5% |
| Market cap | $123.6B | – |
| P/E (trailing) | 34.1 | – |
| Dividend yield | 1.06% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Health Care | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | SYK | VTV |
|---|---|---|
| 2022 | -7.4% | -2.1% |
| 2023 | +23.8% | +9.3% |
| 2024 | +21.3% | +16.0% |
| 2025 | -1.5% | +15.3% |
| 2026 | -7.9% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds SYK at a 0.21% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SYK and VTV good diversifiers for each other?
Only partially. A correlation of 0.50 means SYK and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SYK and VTV?
As of 2026-08-27, the correlation of weekly returns between SYK and VTV is 0.50 over 3 years, 0.41 over 1 year and 0.59 over 5 years.
Is VTV a good diversifier for SYK?
Only partially. A correlation of 0.50 means SYK and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/syk-vs-vtv.json
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[](https://www.pairbook.io/pair/syk-vs-vtv/)
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Related comparisons
Hubs: SYK correlations · VTV correlations
