MDT correlations (Medtronic)
MDT measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Health Care · Health Care Equipment
Volatility (ann.)
21.0%
3y weekly
Beta vs S&P 500
0.37
3y weekly
1-year return
+0.9%
price, adjusted
5-year return
-21.4%
price, adjusted
Market cap
$115.2B
latest
P/E ratio
24.1
trailing
Dividend yield
3.09%
trailing
Max drawdown
-28.9%
3y, daily closes
MDT over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with MDT
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 0.55 | |
| SOLV | Solventum | 0.51 | |
| SYK | Stryker Corporation | 0.51 | |
| GRX | The Gabelli Healthcare & Wellness Trust | 0.51 | |
| ABT | Abbott Laboratories | 0.50 | |
| DGRO | iShares Core Dividend Growth ETF | 0.50 | |
| ZBH | Zimmer Biomet | 0.50 | |
| COO | Cooper Companies (The) | 0.49 | |
| JNJ | Johnson & Johnson | 0.49 | |
| SCHD | Schwab US Dividend Equity ETF | 0.48 | |
| SNN | Smith & Nephew SNATS, Inc. | 0.47 | |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.47 | |
| VTV | Vanguard Value ETF | 0.47 | |
| RQI | Cohen & Steers Quality Income Realty Fund Inc | 0.46 | |
| BDJ | Blackrock Enhanced Equity Dividend Trust | 0.46 |
Best diversifiers for MDT
If the goal is offsetting MDT, these tracked assets have historically moved the most on their own terms.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.26 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.24 | |
| PODC | PodcastOne, Inc. | -0.22 | |
| LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | -0.19 | |
| CPSH | CPS Technologies Corp. | -0.19 | |
| MOBX | Mobix Labs, Inc. | -0.18 | |
| SOC | Sable Offshore Corp. | -0.17 | |
| NCI | Neo-Concept International Group Holdings Limited - Class A | -0.17 | |
| ASTC | Astrotech Corporation | -0.17 | |
| NNVC | NanoViricides, Inc. | -0.17 |
MDT vs benchmarks
MDT vs its peers
Get MDT data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/mdt.jsonCorrelations, diversifiers, beta and volatility for MDT, plus one endpoint per pair. API documentation.
MDT inside major ETFs
| ETF | MDT weight | |
|---|---|---|
| XLV | Health Care Select Sector SPDR Fund | 1.89% |
| DGRO | iShares Core Dividend Growth ETF | 0.88% |
| VIG | Vanguard Dividend Appreciation ETF | 0.48% |
| VYM | Vanguard High Dividend Yield ETF | 0.45% |
| VTV | Vanguard Value ETF | 0.41% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.39% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.21% |
| IVV | iShares Core S&P 500 ETF | 0.18% |
| SPY | SPDR S&P 500 ETF Trust | 0.18% |
| VOO | Vanguard S&P 500 ETF | 0.17% |
