CHE-UN.TO vs. DLO
CHE-UN.TO (Chemtrade Logistics Income Fund) and DLO (DLocal Limited) are both stocks. CHE-UN.TO operates in Chemicals (Basic Materials), while DLO operates in Software - Infrastructure (Technology). Over the past 5 years, CHE-UN.TO returned 25.74%/yr vs -15.96%/yr for DLO. At a 0.19 correlation, their price movements are largely independent.
Performance
CHE-UN.TO vs. DLO - Performance Comparison
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Different Trading Currencies
CHE-UN.TO is traded in CAD, while DLO is traded in USD. To make them comparable, the DLO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHE-UN.TO achieves a 15.34% return, which is significantly higher than DLO's -14.20% return.
CHE-UN.TO
- 1D
- 1.33%
- 1M
- -4.56%
- YTD
- 15.34%
- 6M
- 21.31%
- 1Y
- 58.29%
- 3Y*
- 33.16%
- 5Y*
- 25.74%
- 10Y*
- 7.48%
DLO
- 1D
- 3.35%
- 1M
- -10.78%
- YTD
- -14.20%
- 6M
- -11.46%
- 1Y
- 17.60%
- 3Y*
- 9.77%
- 5Y*
- -15.96%
- 10Y*
- —
CHE-UN.TO vs. DLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CHE-UN.TO Chemtrade Logistics Income Fund | 15.34% | 43.14% | 37.53% | 1.90% | 30.66% | 3.97% |
DLO DLocal Limited | -14.20% | 25.68% | -30.88% | 11.11% | -53.27% | 15.07% |
Correlation
The correlation between CHE-UN.TO and DLO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2021 | 0.19 |
Fundamentals
CHE-UN.TO:
CA$1.88B
DLO:
$3.53B
CHE-UN.TO:
CA$1.02
DLO:
$0.64
CHE-UN.TO:
16.36
DLO:
18.46
CHE-UN.TO:
2.10
DLO:
0.58
CHE-UN.TO:
0.93
DLO:
2.92
CHE-UN.TO:
2.49
DLO:
6.38
CHE-UN.TO:
CA$2.03B
DLO:
$1.21B
CHE-UN.TO:
CA$452.05M
DLO:
$436.56M
CHE-UN.TO:
CA$505.08M
DLO:
$280.42M
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Return for Risk
CHE-UN.TO vs. DLO — Risk / Return Rank
CHE-UN.TO
DLO
CHE-UN.TO vs. DLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chemtrade Logistics Income Fund (CHE-UN.TO) and DLocal Limited (DLO). 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.
| CHE-UN.TO | DLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.12 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 0.55 | +2.64 |
| Martin ratioReturn relative to average drawdown | 12.49 | 1.14 | +11.35 |
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
| CHE-UN.TO | DLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.32 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | -0.22 | +1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.21 | +0.58 |
Drawdowns
CHE-UN.TO vs. DLO - Drawdown Comparison
The maximum CHE-UN.TO drawdown since its inception was -77.56%, smaller than the maximum DLO drawdown of -89.01%. Use the drawdown chart below to compare losses from any high point for CHE-UN.TO and DLO.
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Drawdown Indicators
| CHE-UN.TO | DLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.56% | -89.01% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -18.36% | -31.90% | +13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.10% | -67.91% | +41.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.06% | -89.01% | +60.95% |
Max Drawdown (10Y)Largest decline over 10 years | -77.56% | — | — |
Current DrawdownCurrent decline from peak | -8.92% | -79.92% | +71.00% |
Average DrawdownAverage peak-to-trough decline | -19.19% | -68.79% | +49.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 15.40% | -10.72% |
Volatility
CHE-UN.TO vs. DLO - Volatility Comparison
The current volatility for Chemtrade Logistics Income Fund (CHE-UN.TO) is 13.00%, while DLocal Limited (DLO) has a volatility of 18.62%. This indicates that CHE-UN.TO experiences smaller price fluctuations and is considered to be less risky than DLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHE-UN.TO | DLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.00% | 18.62% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 29.66% | 32.70% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.73% | 55.10% | -22.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.04% | 73.07% | -44.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.79% | 73.10% | -38.31% |
Dividends
CHE-UN.TO vs. DLO - Dividend Comparison
CHE-UN.TO's dividend yield for the trailing twelve months is around 4.21%, more than DLO's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHE-UN.TO Chemtrade Logistics Income Fund | 4.21% | 4.68% | 6.03% | 7.04% | 6.69% | 8.11% | 12.01% | 10.88% | 11.45% | 6.19% | 6.34% | 6.72% |
DLO DLocal Limited | 1.65% | 3.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CHE-UN.TO vs. DLO - Financials Comparison
This section allows you to compare key financial metrics between Chemtrade Logistics Income Fund and DLocal Limited. 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
CHE-UN.TO vs. DLO - Profitability Comparison
CHE-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chemtrade Logistics Income Fund reported a gross profit of 96.10M and revenue of 503.00M. Therefore, the gross margin over that period was 19.1%.
DLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DLocal Limited reported a gross profit of 118.68M and revenue of 335.86M. Therefore, the gross margin over that period was 35.3%.
CHE-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chemtrade Logistics Income Fund reported an operating income of 55.70M and revenue of 503.00M, resulting in an operating margin of 11.1%.
DLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DLocal Limited reported an operating income of 53.55M and revenue of 335.86M, resulting in an operating margin of 15.9%.
CHE-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chemtrade Logistics Income Fund reported a net income of 25.40M and revenue of 503.00M, resulting in a net margin of 5.1%.
DLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DLocal Limited reported a net income of 41.98M and revenue of 335.86M, resulting in a net margin of 12.5%.
Frequently Asked Questions
CHE-UN.TO and DLO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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