CA.PA vs. ^FCHI

Last updated Jul 21, 2026

CA.PA (Carrefour SA) is a stock, while ^FCHI (CAC 40) is an index. Over the past 10 years, CA.PA returned 0.68%/yr vs 6.77%/yr for ^FCHI. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

CA.PA vs. ^FCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Carrefour SA (CA.PA) and CAC 40 (^FCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CA.PA achieves a 24.71% return, which is significantly higher than ^FCHI's 2.32% return. Over the past 10 years, CA.PA has underperformed ^FCHI with an annualized return of 0.68%, while ^FCHI has yielded a comparatively higher 6.77% annualized return.

CA.PA

• 1D: -0.30%
• 1M: 7.65%
• 6M: 27.49%
• YTD: 24.71%
• 1Y: 45.94%
• 3Y*: 4.81%
• 5Y*: 6.62%
• 10Y*: 0.68%
• ALL TIME*: -1.79%

^FCHI

• 1D: -0.47%
• 1M: -0.98%
• 6M: 2.80%
• YTD: 2.32%
• 1Y: 6.60%
• 3Y*: 4.44%
• 5Y*: 5.24%
• 10Y*: 6.77%
• ALL TIME*: 4.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CA.PA vs. ^FCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CA.PA Carrefour SA	24.71%	12.75%	-12.48%	9.48%	-0.27%	18.16%	-4.68%	3.02%	-14.78%	-18.67%
^FCHI CAC 40	2.32%	10.42%	-2.15%	16.52%	-9.50%	28.85%	-7.14%	26.37%	-10.95%	9.26%

Correlation

The correlation between CA.PA and ^FCHI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 9, 2007	0.55

Over the past year, the correlation between CA.PA and ^FCHI has dropped to 0.18 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

CA.PA vs. ^FCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CA.PA

CA.PA Risk / Return Rank: 92
CA.PA Sharpe Ratio Rank: 93
CA.PA Sortino Ratio Rank: 90
CA.PA Omega Ratio Rank: 91
CA.PA Calmar Ratio Rank: 94
CA.PA Martin Ratio Rank: 94

^FCHI

^FCHI Risk / Return Rank: 21
^FCHI Sharpe Ratio Rank: 23
^FCHI Sortino Ratio Rank: 19
^FCHI Omega Ratio Rank: 19
^FCHI Calmar Ratio Rank: 22
^FCHI Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CA.PA vs. ^FCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carrefour SA (CA.PA) and CAC 40 (^FCHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CA.PA	^FCHI	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.46	+1.63
Sortino ratio: Return per unit of downside risk	2.75	0.76	+1.99
Omega ratio: Gain probability vs. loss probability	1.39	1.09	+0.29
Calmar ratio: Return relative to maximum drawdown	4.93	0.59	+4.34
Martin ratio: Return relative to average drawdown	13.59	1.69	+11.91

CA.PA vs. ^FCHI - Sharpe Ratio Comparison

The current CA.PA Sharpe Ratio is 2.09, which is higher than the ^FCHI Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of CA.PA and ^FCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CA.PA vs. ^FCHI - Drawdown Comparison

The maximum CA.PA drawdown since its inception was -72.97%, which is greater than ^FCHI's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for CA.PA and ^FCHI.

Drawdown Indicators

	CA.PA	^FCHI	Difference
Max Drawdown Largest peak-to-trough decline	-72.97%	-65.29%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-11.08%	+1.89%
Max Drawdown (3Y) Largest decline over 3 years	-28.78%	-16.71%	-12.07%
Max Drawdown (5Y) Largest decline over 5 years	-33.80%	-23.04%	-10.76%
Max Drawdown (10Y) Largest decline over 10 years	-45.14%	-38.56%	-6.58%
Current Drawdown Current decline from peak	-43.47%	-3.27%	-40.20%
Average Drawdown Average peak-to-trough decline	-48.89%	-24.39%	-24.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.89%	-0.54%

Volatility

CA.PA vs. ^FCHI - Volatility Comparison

Carrefour SA (CA.PA) has a higher volatility of 7.65% compared to CAC 40 (^FCHI) at 3.51%. This indicates that CA.PA's price experiences larger fluctuations and is considered to be riskier than ^FCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CA.PA	^FCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	3.51%	+4.14%
Volatility (6M) Calculated over the trailing 6-month period	17.34%	11.50%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	21.69%	14.23%	+7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.24%	16.40%	+6.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.95%	17.39%	+7.56%

Frequently Asked Questions

Can I hold both CA.PA and ^FCHI in my portfolio?

CA.PA and ^FCHI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.