CHE vs. ^SP500TR
CHE (Chemed Corporation) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, CHE returned 13.59%/yr vs 15.84%/yr for ^SP500TR. At a 0.39 correlation, their price movements are largely independent.
Performance
CHE vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, CHE achieves a 6.19% return, which is significantly lower than ^SP500TR's 8.11% return. Over the past 10 years, CHE has underperformed ^SP500TR with an annualized return of 13.59%, while ^SP500TR has yielded a comparatively higher 15.84% annualized return.
CHE
- 1D
- 1.31%
- 1M
- 3.76%
- YTD
- 6.19%
- 6M
- 4.38%
- 1Y
- -17.54%
- 3Y*
- -5.64%
- 5Y*
- -1.16%
- 10Y*
- 13.59%
^SP500TR
- 1D
- -0.01%
- 1M
- -2.04%
- YTD
- 8.11%
- 6M
- 6.78%
- 1Y
- 22.24%
- 3Y*
- 20.96%
- 5Y*
- 13.06%
- 10Y*
- 15.84%
CHE vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHE Chemed Corporation | 6.19% | -18.87% | -9.11% | 14.90% | -3.22% | -0.38% | 21.59% | 55.58% | 17.01% | 52.32% |
^SP500TR S&P 500 Total Return | 8.11% | 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 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
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 |
Over the past year, the correlation between CHE and ^SP500TR has dropped to 0.03 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
CHE vs. ^SP500TR — Risk / Return Rank
CHE
^SP500TR
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 ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.32 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.51 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.78 | 11.17 | -11.95 |
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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.
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Drawdown Indicators
| CHE | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.78% | -55.25% | -28.53% |
Max Drawdown (1Y)Largest decline over 1 year | -33.84% | -8.89% | -24.95% |
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 DrawdownCurrent decline from peak | -29.68% | -3.23% | -26.45% |
Average DrawdownAverage peak-to-trough decline | -16.47% | -8.16% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.45% | 2.00% | +20.45% |
Volatility
CHE vs. ^SP500TR - Volatility Comparison
Chemed Corporation (CHE) has a higher volatility of 7.68% compared to S&P 500 Total Return (^SP500TR) at 4.82%. 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.
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Volatility by Period
| CHE | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 4.82% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 9.88% | +14.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.30% | 12.50% | +20.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.29% | 17.00% | +8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 18.08% | +7.81% |
Frequently Asked Questions
CHE and ^SP500TR have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHE has higher volatility (7.68%) compared to ^SP500TR (4.82%). In terms of maximum drawdown, CHE dropped -83.78% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (1.79 vs -0.53), 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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