CHE vs. UNH

Last updated Apr 2, 2026

Compare and contrast key facts about Chemed Corporation (CHE) and UnitedHealth Group Incorporated (UNH).

Performance

CHE vs. UNH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chemed Corporation (CHE) and UnitedHealth Group Incorporated (UNH). The values are adjusted to include any dividend payments, if applicable.

CHE vs. UNH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHE Chemed Corporation	-11.64%	-18.87%	-9.11%	14.90%	-3.22%	-0.38%	21.59%	55.58%	17.01%	52.32%
UNH UnitedHealth Group Incorporated	-16.36%	-33.14%	-2.41%	0.80%	6.94%	45.20%	21.25%	20.00%	14.52%	39.83%

Fundamentals

Market Cap CHE : $5.28B UNH : $249.32B
EPS CHE : $18.45 UNH : $15.62
PE Ratio CHE : 20.47 UNH : 17.54
PS Ratio CHE : 2.15 UNH : 0.56
PB Ratio CHE : 5.39 UNH : 2.49
Total Revenue (TTM) CHE : $2.53B UNH : $447.57B
Gross Profit (TTM) CHE : $581.78M UNH : $82.92B
EBITDA (TTM) CHE : $402.27M UNH : $23.19B

Returns By Period

In the year-to-date period, CHE achieves a -11.64% return, which is significantly higher than UNH's -16.36% return. Over the past 10 years, CHE has outperformed UNH with an annualized return of 11.11%, while UNH has yielded a comparatively lower 9.53% annualized return.

CHE

• 1D: -0.05%
• 1M: -10.40%
• YTD: -11.64%
• 6M: -14.09%
• 1Y: -38.66%
• 3Y*: -10.79%
• 5Y*: -3.80%
• 10Y*: 11.11%

UNH

• 1D: 1.25%
• 1M: -6.38%
• YTD: -16.36%
• 6M: -20.19%
• 1Y: -46.15%
• 3Y*: -14.96%
• 5Y*: -4.05%
• 10Y*: 9.53%

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

Return for Risk

CHE vs. UNH — Risk / Return Rank

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

CHE

CHE Risk / Return Rank: 5
CHE Sharpe Ratio Rank: 2
CHE Sortino Ratio Rank: 5
CHE Omega Ratio Rank: 3
CHE Calmar Ratio Rank: 4
CHE Martin Ratio Rank: 9

UNH

UNH Risk / Return Rank: 11
UNH Sharpe Ratio Rank: 6
UNH Sortino Ratio Rank: 9
UNH Omega Ratio Rank: 6
UNH Calmar Ratio Rank: 13
UNH Martin Ratio Rank: 23

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. UNH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chemed Corporation (CHE) and UnitedHealth Group Incorporated (UNH). 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	UNH	Difference
Sharpe ratio Return per unit of total volatility	-1.19	-0.91	-0.28
Sortino ratio Return per unit of downside risk	-1.53	-1.12	-0.42
Omega ratio Gain probability vs. loss probability	0.76	0.82	-0.06
Calmar ratio Return relative to maximum drawdown	-0.95	-0.77	-0.18
Martin ratio Return relative to average drawdown	-1.49	-1.02	-0.48
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. UNH - Sharpe Ratio Comparison

The current CHE Sharpe Ratio is -1.19, which is lower than the UNH Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of CHE and UNH, 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

	CHE	UNH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.19	-0.91	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	-0.13	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.32	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.61	-0.29

Correlation

The correlation between CHE and UNH is 0.24, 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

CHE vs. UNH - Dividend Comparison

CHE's dividend yield for the trailing twelve months is around 0.61%, less than UNH's 3.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHE Chemed Corporation	0.61%	0.51%	0.34%	0.27%	0.29%	0.26%	0.25%	0.28%	0.41%	0.44%	0.62%	0.61%
UNH UnitedHealth Group Incorporated	3.23%	2.64%	1.62%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%

Drawdowns

CHE vs. UNH - Drawdown Comparison

The maximum CHE drawdown since its inception was -83.78%, which is greater than UNH's maximum drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for CHE and UNH.

Drawdown Indicators

	CHE	UNH	Difference
Max Drawdown Largest peak-to-trough decline	-83.78%	-74.37%	-9.41%
Max Drawdown (1Y) Largest decline over 1 year	-40.18%	-60.06%	+19.88%
Max Drawdown (5Y) Largest decline over 5 years	-42.88%	-61.39%	+18.51%
Max Drawdown (10Y) Largest decline over 10 years	-42.88%	-61.39%	+18.51%
Current Drawdown Current decline from peak	-41.49%	-54.58%	+13.09%
Average Drawdown Average peak-to-trough decline	-16.39%	-14.63%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.70%	45.53%	-19.83%

Volatility

CHE vs. UNH - Volatility Comparison

The current volatility for Chemed Corporation (CHE) is 6.02%, while UnitedHealth Group Incorporated (UNH) has a volatility of 7.69%. This indicates that CHE experiences smaller price fluctuations and is considered to be less risky than UNH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHE	UNH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	7.69%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	23.25%	29.38%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	32.62%	51.09%	-18.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.76%	31.26%	-6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.68%	29.84%	-4.16%

Financials

CHE vs. UNH - Profitability Comparison

The chart below illustrates the profitability comparison between Chemed Corporation and UnitedHealth Group Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CHE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Chemed Corporation reported a gross profit of 0.00 and revenue of 639.34M. Therefore, the gross margin over that period was 0.0%.

UNH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, UnitedHealth Group Incorporated reported a gross profit of 18.49B and revenue of 113.22B. Therefore, the gross margin over that period was 16.3%.

CHE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Chemed Corporation reported an operating income of 100.65M and revenue of 639.34M, resulting in an operating margin of 15.7%.

UNH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, UnitedHealth Group Incorporated reported an operating income of 380.00M and revenue of 113.22B, resulting in an operating margin of 0.3%.

CHE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Chemed Corporation reported a net income of 76.75M and revenue of 639.34M, resulting in a net margin of 12.0%.

UNH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, UnitedHealth Group Incorporated reported a net income of 2.18B and revenue of 113.22B, resulting in a net margin of 1.9%.