CHDN vs. ADBE
CHDN (Churchill Downs Incorporated) and ADBE (Adobe Inc) are both stocks. CHDN operates in Gambling (Consumer Cyclical), while ADBE operates in Software - Infrastructure (Technology). Over the past 10 years, CHDN returned 14.99%/yr vs 10.06%/yr for ADBE. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
CHDN vs. ADBE - Performance Comparison
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Returns By Period
In the year-to-date period, CHDN achieves a -25.91% return, which is significantly higher than ADBE's -28.45% return. Over the past 10 years, CHDN has outperformed ADBE with an annualized return of 14.99%, while ADBE has yielded a comparatively lower 10.06% annualized return.
CHDN
- 1D
- 1.95%
- 1M
- -7.27%
- 6M
- -14.29%
- YTD
- -25.91%
- 1Y
- -20.46%
- 3Y*
- -10.30%
- 5Y*
- -1.60%
- 10Y*
- 14.99%
- ALL TIME*
- 11.09%
ADBE
- 1D
- 1.01%
- 1M
- 13.97%
- 6M
- -14.61%
- YTD
- -28.45%
- 1Y
- -28.00%
- 3Y*
- -23.03%
- 5Y*
- -16.63%
- 10Y*
- 10.06%
- ALL TIME*
- 19.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ADBE Adobe Inc | $1.43B | $1.35B | $1.47B |
| $102.86M | $85.15M | $87.04M |
CHDN vs. ADBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHDN Churchill Downs Incorporated | -25.91% | -14.47% | -0.74% | 28.06% | -11.95% | 24.05% | 42.47% | 69.49% | 5.47% | 55.74% |
ADBE Adobe Inc | -28.45% | -21.29% | -25.46% | 77.28% | -40.65% | 13.38% | 51.64% | 45.78% | 29.10% | 70.22% |
Correlation
The correlation between CHDN and ADBE is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 1993 | 0.26 |
The correlation between CHDN and ADBE shifts across timeframes, from 0.23 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CHDN:
$5.88B
ADBE:
$99.54B
CHDN:
$5.79
ADBE:
$17.42
CHDN:
14.55
ADBE:
14.38
CHDN:
0.81
ADBE:
1.01
CHDN:
1.99
ADBE:
4.12
CHDN:
4.40
ADBE:
8.74
CHDN:
$2.99B
ADBE:
$25.20B
CHDN:
$604.00M
ADBE:
$22.46B
CHDN:
$1.02B
ADBE:
$9.68B
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Return for Risk
CHDN vs. ADBE — Risk / Return Rank
CHDN
ADBE
CHDN vs. ADBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Churchill Downs Incorporated (CHDN) and Adobe Inc (ADBE). 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.
| CHDN | ADBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.88 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.64 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.21 | +0.05 |
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Drawdowns
CHDN vs. ADBE - Drawdown Comparison
The maximum CHDN drawdown since its inception was -62.86%, smaller than the maximum ADBE drawdown of -79.89%. Use the drawdown chart below to compare losses from any high point for CHDN and ADBE.
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Drawdown Indicators
| CHDN | ADBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.86% | -79.89% | +17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -30.15% | -47.37% | +17.22% |
Max Drawdown (3Y)Largest decline over 3 years | -43.91% | -69.53% | +25.62% |
Max Drawdown (5Y)Largest decline over 5 years | -44.34% | -71.90% | +27.56% |
Max Drawdown (10Y)Largest decline over 10 years | -62.86% | -71.90% | +9.04% |
Current DrawdownCurrent decline from peak | -42.88% | -63.62% | +20.74% |
Average DrawdownAverage peak-to-trough decline | -17.66% | -26.13% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.26% | 24.94% | -6.68% |
Volatility
CHDN vs. ADBE - Volatility Comparison
The current volatility for Churchill Downs Incorporated (CHDN) is 10.76%, while Adobe Inc (ADBE) has a volatility of 16.26%. This indicates that CHDN experiences smaller price fluctuations and is considered to be less risky than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHDN | ADBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.76% | 16.26% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 27.76% | 33.07% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.71% | 38.55% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.73% | 37.37% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.66% | 34.84% | +2.82% |
Dividends
CHDN vs. ADBE - Dividend Comparison
CHDN's dividend yield for the trailing twelve months is around 0.52%, while ADBE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADBE Adobe Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHDN Churchill Downs Incorporated | 0.52% | 0.38% | 0.31% | 0.28% | 0.34% | 0.28% | 0.32% | 0.42% | 0.67% | 0.65% | 0.88% | 0.81% |
Financials
CHDN vs. ADBE - Financials Comparison
This section allows you to compare key financial metrics between Churchill Downs Incorporated and Adobe Inc. 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
CHDN vs. ADBE - Profitability Comparison
CHDN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Churchill Downs Incorporated reported a gross profit of 0.00 and revenue of 980.00M. Therefore, the gross margin over that period was 0.0%.
ADBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Adobe Inc reported a gross profit of 5.90B and revenue of 6.62B. Therefore, the gross margin over that period was 89.2%.
CHDN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Churchill Downs Incorporated reported an operating income of 357.00M and revenue of 980.00M, resulting in an operating margin of 36.4%.
ADBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Adobe Inc reported an operating income of 2.24B and revenue of 6.62B, resulting in an operating margin of 33.8%.
CHDN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Churchill Downs Incorporated reported a net income of 241.00M and revenue of 980.00M, resulting in a net margin of 24.6%.
ADBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Adobe Inc reported a net income of 1.71B and revenue of 6.62B, resulting in a net margin of 25.9%.
Frequently Asked Questions
CHDN and ADBE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADBE has higher volatility (16.26%) compared to CHDN (10.76%). In terms of maximum drawdown, CHDN dropped -62.86% vs ADBE's -79.89%.
CHDN currently has the higher Sharpe Ratio (-0.63 vs -0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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