CHE vs. ^SP500TR

Last updated Jun 5, 2026

CHE (Chemed Corporation) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, CHE returned 12.89%/yr vs 15.58%/yr for ^SP500TR. At a 0.39 correlation, their price movements are largely independent.

Performance

CHE vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chemed Corporation (CHE) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHE achieves a 1.31% return, which is significantly lower than ^SP500TR's 11.36% return. Over the past 10 years, CHE has underperformed ^SP500TR with an annualized return of 12.89%, while ^SP500TR has yielded a comparatively higher 15.58% annualized return.

CHE

• 1D: 1.28%
• 1M: 1.26%
• YTD: 1.31%
• 6M: 2.16%
• 1Y: -22.61%
• 3Y*: -6.98%
• 5Y*: -2.46%
• 10Y*: 12.89%

^SP500TR

• 1D: 0.42%
• 1M: 4.61%
• YTD: 11.36%
• 6M: 11.27%
• 1Y: 28.58%
• 3Y*: 22.72%
• 5Y*: 14.02%
• 10Y*: 15.58%

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

CHE vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHE Chemed Corporation	1.31%	-18.87%	-9.11%	14.90%	-3.22%	-0.38%	21.59%	55.58%	17.01%	52.32%
^SP500TR S&P 500 Total Return	11.36%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Correlation

The correlation between CHE and ^SP500TR is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988	0.39

Over the past year, the correlation between CHE and ^SP500TR has dropped to 0.09 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Return for Risk

CHE vs. ^SP500TR — Risk / Return Rank

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

CHE

CHE Risk / Return Rank: 16
CHE Sharpe Ratio Rank: 12
CHE Sortino Ratio Rank: 16
CHE Omega Ratio Rank: 13
CHE Calmar Ratio Rank: 17
CHE Martin Ratio Rank: 21

^SP500TR

^SP500TR Risk / Return Rank: 84
^SP500TR Sharpe Ratio Rank: 83
^SP500TR Sortino Ratio Rank: 85
^SP500TR Omega Ratio Rank: 83
^SP500TR Calmar Ratio Rank: 80
^SP500TR Martin Ratio Rank: 90

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.

CHE vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chemed Corporation (CHE) and S&P 500 Total Return (^SP500TR). 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	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	2.42	-3.11
Sortino ratio: Return per unit of downside risk	-0.74	3.30	-4.04
Omega ratio: Gain probability vs. loss probability	0.88	1.44	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.66	3.23	-3.89
Martin ratio: Return relative to average drawdown	-1.02	15.09	-16.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHE vs. ^SP500TR - Sharpe Ratio Comparison

The current CHE Sharpe Ratio is -0.69, which is lower than the ^SP500TR Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of CHE and ^SP500TR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHE	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.69	2.42	-3.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.83	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.87	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.65	-0.33

Drawdowns

CHE vs. ^SP500TR - Drawdown Comparison

The maximum CHE drawdown since its inception was -83.78%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CHE and ^SP500TR.

Drawdown Indicators

	CHE	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-83.78%	-55.25%	-28.53%
Max Drawdown (1Y) Largest decline over 1 year	-34.20%	-8.89%	-25.31%
Max Drawdown (3Y) Largest decline over 3 years	-42.88%	-18.75%	-24.13%
Max Drawdown (5Y) Largest decline over 5 years	-42.88%	-24.49%	-18.39%
Max Drawdown (10Y) Largest decline over 10 years	-42.88%	-33.79%	-9.09%
Current Drawdown Current decline from peak	-32.91%	-0.32%	-32.59%
Average Drawdown Average peak-to-trough decline	-16.45%	-8.16%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.27%	1.90%	+20.37%

Volatility

CHE vs. ^SP500TR - Volatility Comparison

Chemed Corporation (CHE) has a higher volatility of 5.52% compared to S&P 500 Total Return (^SP500TR) at 2.87%. This indicates that CHE's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHE	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	2.87%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	24.02%	9.00%	+15.02%
Volatility (1Y) Calculated over the trailing 1-year period	32.94%	11.88%	+21.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.22%	16.90%	+8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.84%	18.06%	+7.78%

Frequently Asked Questions

Can I hold both CHE and ^SP500TR in my portfolio?

CHE and ^SP500TR have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHE or ^SP500TR?

CHE has higher volatility (5.52%) compared to ^SP500TR (2.87%). In terms of maximum drawdown, CHE dropped -83.78% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.42 vs -0.69), 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.