CHDN vs. ADBE

Last updated Apr 1, 2026

Compare and contrast key facts about Churchill Downs Incorporated (CHDN) and Adobe Inc (ADBE).

Performance

CHDN vs. ADBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Churchill Downs Incorporated (CHDN) and Adobe Inc (ADBE). The values are adjusted to include any dividend payments, if applicable.

CHDN vs. ADBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHDN Churchill Downs Incorporated	-21.05%	-14.47%	-0.74%	28.06%	-11.95%	24.05%	42.47%	69.49%	5.47%	55.74%
ADBE Adobe Inc	-30.55%	-21.29%	-25.46%	77.28%	-40.65%	13.38%	51.64%	45.78%	29.10%	70.22%

Fundamentals

Market Cap CHDN : $6.45B ADBE : $99.91B
EPS CHDN : $5.71 ADBE : $17.05
PE Ratio CHDN : 15.74 ADBE : 14.26
PEG Ratio CHDN : 0.05 ADBE : 1.00
PS Ratio CHDN : 2.20 ADBE : 4.20
Total Revenue (TTM) CHDN : $2.93B ADBE : $24.45B
Gross Profit (TTM) CHDN : $975.40M ADBE : $21.82B
EBITDA (TTM) CHDN : $1.06B ADBE : $9.71B

Returns By Period

In the year-to-date period, CHDN achieves a -21.05% return, which is significantly higher than ADBE's -30.55% return. Over the past 10 years, CHDN has outperformed ADBE with an annualized return of 14.32%, while ADBE has yielded a comparatively lower 9.83% annualized return.

CHDN

• 1D: 4.62%
• 1M: -2.28%
• YTD: -21.05%
• 6M: -7.04%
• 1Y: -18.81%
• 3Y*: -10.96%
• 5Y*: -4.61%
• 10Y*: 14.32%

ADBE

• 1D: 0.81%
• 1M: -7.37%
• YTD: -30.55%
• 6M: -31.09%
• 1Y: -36.62%
• 3Y*: -14.24%
• 5Y*: -12.84%
• 10Y*: 9.83%

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

Return for Risk

CHDN vs. ADBE — Risk / Return Rank

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

CHDN

CHDN Risk / Return Rank: 18
CHDN Sharpe Ratio Rank: 18
CHDN Sortino Ratio Rank: 19
CHDN Omega Ratio Rank: 18
CHDN Calmar Ratio Rank: 19
CHDN Martin Ratio Rank: 15

ADBE

ADBE Risk / Return Rank: 6
ADBE Sharpe Ratio Rank: 2
ADBE Sortino Ratio Rank: 4
ADBE Omega Ratio Rank: 5
ADBE Calmar Ratio Rank: 11
ADBE Martin Ratio Rank: 5

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.

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.

	CHDN	ADBE	Difference
Sharpe ratio Return per unit of total volatility	-0.54	-1.19	+0.64
Sortino ratio Return per unit of downside risk	-0.55	-1.66	+1.12
Omega ratio Gain probability vs. loss probability	0.92	0.79	+0.13
Calmar ratio Return relative to maximum drawdown	-0.66	-0.84	+0.18
Martin ratio Return relative to average drawdown	-1.31	-1.73	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHDN vs. ADBE - Sharpe Ratio Comparison

The current CHDN Sharpe Ratio is -0.54, which is higher than the ADBE Sharpe Ratio of -1.19. The chart below compares the historical Sharpe Ratios of CHDN and ADBE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CHDN	ADBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	-1.19	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	-0.36	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.29	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.41	-0.12

Correlation

The correlation between CHDN and ADBE is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CHDN vs. ADBE - Dividend Comparison

CHDN's dividend yield for the trailing twelve months is around 0.49%, while ADBE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHDN Churchill Downs Incorporated	0.49%	0.38%	0.31%	0.28%	0.34%	0.28%	0.32%	0.42%	0.67%	0.65%	0.88%	0.81%
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%

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.

Drawdown Indicators

	CHDN	ADBE	Difference
Max Drawdown Largest peak-to-trough decline	-62.86%	-79.89%	+17.03%
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	-44.18%	+15.29%
Max Drawdown (5Y) Largest decline over 5 years	-43.34%	-65.88%	+22.54%
Max Drawdown (10Y) Largest decline over 10 years	-62.86%	-65.88%	+3.02%
Current Drawdown Current decline from peak	-39.13%	-64.69%	+25.56%
Average Drawdown Average peak-to-trough decline	-17.44%	-25.80%	+8.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.39%	21.32%	-6.93%

Volatility

CHDN vs. ADBE - Volatility Comparison

Churchill Downs Incorporated (CHDN) has a higher volatility of 12.73% compared to Adobe Inc (ADBE) at 12.02%. This indicates that CHDN's price experiences larger fluctuations and is considered to be riskier than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHDN	ADBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.73%	12.02%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	23.55%	23.69%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	34.76%	30.98%	+3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.07%	35.53%	-3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.25%	33.87%	+3.38%

Financials

CHDN vs. ADBE - Profitability Comparison

The chart below illustrates the profitability comparison between Churchill Downs Incorporated and Adobe Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CHDN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Churchill Downs Incorporated reported a gross profit of 189.50M and revenue of 665.90M. Therefore, the gross margin over that period was 28.5%.

ADBE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Adobe Inc reported a gross profit of 5.73B and revenue of 6.40B. Therefore, the gross margin over that period was 89.6%.

CHDN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Churchill Downs Incorporated reported an operating income of 123.50M and revenue of 665.90M, resulting in an operating margin of 18.6%.

ADBE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Adobe Inc reported an operating income of 2.42B and revenue of 6.40B, resulting in an operating margin of 37.8%.

CHDN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Churchill Downs Incorporated reported a net income of 77.70M and revenue of 665.90M, resulting in a net margin of 11.7%.

ADBE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Adobe Inc reported a net income of 1.89B and revenue of 6.40B, resulting in a net margin of 29.5%.