CAH vs. HO.PA
CAH (Cardinal Health, Inc.) and HO.PA (Thales S.A.) are both stocks. CAH operates in Medical Distribution (Healthcare), while HO.PA operates in Aerospace & Defense (Industrials). Over the past 10 years, CAH returned 13.19%/yr vs 13.97%/yr for HO.PA. At a 0.21 correlation, their price movements are largely independent.
Performance
CAH vs. HO.PA - Performance Comparison
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Different Trading Currencies
CAH is traded in USD, while HO.PA is traded in EUR. To make them comparable, the HO.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CAH achieves a -0.01% return, which is significantly lower than HO.PA's 0.29% return. Over the past 10 years, CAH has underperformed HO.PA with an annualized return of 13.19%, while HO.PA has yielded a comparatively higher 13.97% annualized return.
CAH
- 1D
- -0.60%
- 1M
- 11.34%
- YTD
- -0.01%
- 6M
- 3.32%
- 1Y
- 33.66%
- 3Y*
- 35.29%
- 5Y*
- 31.41%
- 10Y*
- 13.19%
HO.PA
- 1D
- 2.38%
- 1M
- 0.78%
- YTD
- 0.29%
- 6M
- 2.47%
- 1Y
- -8.74%
- 3Y*
- 25.95%
- 5Y*
- 23.57%
- 10Y*
- 13.97%
CAH vs. HO.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | -0.01% | 76.25% | 19.01% | 34.15% | 54.08% | -0.40% | 10.09% | 18.04% | -24.50% | -12.65% |
HO.PA Thales S.A. | 0.29% | 90.97% | -0.78% | 18.41% | 53.36% | -4.66% | -11.42% | -9.02% | 10.01% | 13.33% |
Correlation
The correlation between CAH and HO.PA is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 29, 2007 | 0.21 |
The correlation between CAH and HO.PA shifts across timeframes, from 0.08 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CAH vs. HO.PA — Risk / Return Rank
CAH
HO.PA
CAH vs. HO.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) and Thales S.A. (HO.PA). 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.
| CAH | HO.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | -0.54 | +2.20 |
| Martin ratioReturn relative to average drawdown | 4.37 | -0.99 | +5.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAH | HO.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | -0.34 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.79 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.48 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.20 |
Drawdowns
CAH vs. HO.PA - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, which is greater than HO.PA's maximum drawdown of -56.96%. Use the drawdown chart below to compare losses from any high point for CAH and HO.PA.
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Drawdown Indicators
| CAH | HO.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -56.96% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -20.33% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -24.08% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -25.64% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | -56.96% | +10.83% |
Current DrawdownCurrent decline from peak | -10.83% | -15.00% | +4.17% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -18.37% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 10.12% | -2.40% |
Volatility
CAH vs. HO.PA - Volatility Comparison
The current volatility for Cardinal Health, Inc. (CAH) is 6.59%, while Thales S.A. (HO.PA) has a volatility of 8.91%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than HO.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAH | HO.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 8.91% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 24.06% | -4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.99% | 32.36% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 29.45% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.23% | 28.72% | +0.51% |
Dividends
CAH vs. HO.PA - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 1.00%, less than HO.PA's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 1.00% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
HO.PA Thales S.A. | 1.70% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
Financials
CAH vs. HO.PA - Financials Comparison
This section allows you to compare key financial metrics between Cardinal Health, Inc. and Thales S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CAH and HO.PA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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