CHE vs. ^SP500TR

Last updated Jul 18, 2026

CHE (Chemed Corporation) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, CHE returned 14.13%/yr vs 15.08%/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 19.52% return, which is significantly higher than ^SP500TR's 9.64% return. Over the past 10 years, CHE has underperformed ^SP500TR with an annualized return of 14.13%, while ^SP500TR has yielded a comparatively higher 15.08% annualized return.

CHE

• 1D: 1.70%
• 1M: 16.97%
• 6M: 13.16%
• YTD: 19.52%
• 1Y: 12.09%
• 3Y*: -1.96%
• 5Y*: 1.92%
• 10Y*: 14.13%

^SP500TR

• 1D: -1.01%
• 1M: 0.57%
• 6M: 8.08%
• YTD: 9.64%
• 1Y: 19.85%
• 3Y*: 19.45%
• 5Y*: 13.12%
• 10Y*: 15.08%

*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	19.52%	-18.87%	-9.11%	14.90%	-3.22%	-0.38%	21.59%	55.58%	17.01%	52.32%
^SP500TR S&P 500 Total Return	9.64%	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 -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988	0.39

The correlation between CHE and ^SP500TR shifts across timeframes, from -0.02 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

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: 57
CHE Sharpe Ratio Rank: 59
CHE Sortino Ratio Rank: 51
CHE Omega Ratio Rank: 55
CHE Calmar Ratio Rank: 58
CHE Martin Ratio Rank: 59

^SP500TR

^SP500TR Risk / Return Rank: 72
^SP500TR Sharpe Ratio Rank: 70
^SP500TR Sortino Ratio Rank: 67
^SP500TR Omega Ratio Rank: 73
^SP500TR Calmar Ratio Rank: 66
^SP500TR Martin Ratio Rank: 84

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.

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.

	CHE	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	0.39	1.58	-1.19
Sortino ratio: Return per unit of downside risk	0.69	2.20	-1.50
Omega ratio: Gain probability vs. loss probability	1.11	1.29	-0.18
Calmar ratio: Return relative to maximum drawdown	0.53	2.24	-1.71
Martin ratio: Return relative to average drawdown	1.23	9.82	-8.59

CHE vs. ^SP500TR - Sharpe Ratio Comparison

The current CHE Sharpe Ratio is 0.39, which is lower than the ^SP500TR Sharpe Ratio of 1.58. 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.

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	-22.98%	-8.89%	-14.09%
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	-20.86%	-1.86%	-19.00%
Average Drawdown Average peak-to-trough decline	-16.48%	-8.15%	-8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.84%	2.03%	+7.81%

Volatility

CHE vs. ^SP500TR - Volatility Comparison

Chemed Corporation (CHE) has a higher volatility of 5.74% compared to S&P 500 Total Return (^SP500TR) at 3.37%. 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	5.74%	3.37%	+2.37%
Volatility (6M) Calculated over the trailing 6-month period	24.77%	10.04%	+14.73%
Volatility (1Y) Calculated over the trailing 1-year period	30.82%	12.60%	+18.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.37%	17.00%	+8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.94%	18.05%	+7.89%

Frequently Asked Questions

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

CHE and ^SP500TR have a correlation of -0.02, 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 (5.74%) compared to ^SP500TR (3.37%). 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 (1.58 vs 0.39), 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.