CHP-UN.TO vs. ^GSPC
CHP-UN.TO (Choice Properties Real Estate Investment Trust) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CHP-UN.TO returned 6.86%/yr vs 14.52%/yr for ^GSPC. At a 0.23 correlation, their price movements are largely independent.
Performance
CHP-UN.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CHP-UN.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CHP-UN.TO achieves a 8.52% return, which is significantly lower than ^GSPC's 12.12% return. Over the past 10 years, CHP-UN.TO has underperformed ^GSPC with an annualized return of 6.86%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.
CHP-UN.TO
- 1D
- -1.32%
- 1M
- 2.50%
- YTD
- 8.52%
- 6M
- 10.03%
- 1Y
- 12.19%
- 3Y*
- 10.77%
- 5Y*
- 7.19%
- 10Y*
- 6.86%
^GSPC
- 1D
- 0.00%
- 1M
- 7.35%
- YTD
- 12.12%
- 6M
- 10.22%
- 1Y
- 28.58%
- 3Y*
- 22.37%
- 5Y*
- 15.58%
- 10Y*
- 14.52%
CHP-UN.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHP-UN.TO Choice Properties Real Estate Investment Trust | 8.52% | 17.01% | 1.12% | -0.12% | 2.41% | 23.04% | -1.63% | 27.47% | -8.19% | 4.58% |
^GSPC S&P 500 Index | 11.75% | 11.05% | 33.90% | 21.49% | -13.70% | 25.75% | 14.29% | 22.54% | 1.71% | 11.82% |
Correlation
The correlation between CHP-UN.TO and ^GSPC is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2013 | 0.23 |
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Return for Risk
CHP-UN.TO vs. ^GSPC — Risk / Return Rank
CHP-UN.TO
^GSPC
CHP-UN.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Choice Properties Real Estate Investment Trust (CHP-UN.TO) and S&P 500 Index (^GSPC). 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.
| CHP-UN.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.47 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.24 | -1.39 |
| Martin ratioReturn relative to average drawdown | 4.19 | 12.23 | -8.04 |
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
| CHP-UN.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 2.46 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.05 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.89 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.99 | -0.42 |
Drawdowns
CHP-UN.TO vs. ^GSPC - Drawdown Comparison
The maximum CHP-UN.TO drawdown since its inception was -28.85%, roughly equal to the maximum ^GSPC drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CHP-UN.TO and ^GSPC.
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Drawdown Indicators
| CHP-UN.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.85% | -27.59% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -8.86% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -19.23% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -22.60% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.85% | -27.59% | -1.26% |
Current DrawdownCurrent decline from peak | -1.96% | 0.00% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -3.51% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.34% | +0.58% |
Volatility
CHP-UN.TO vs. ^GSPC - Volatility Comparison
Choice Properties Real Estate Investment Trust (CHP-UN.TO) has a higher volatility of 4.95% compared to S&P 500 Index (^GSPC) at 2.69%. This indicates that CHP-UN.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHP-UN.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 2.69% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 8.85% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 11.70% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 14.99% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 16.33% | +1.46% |
Frequently Asked Questions
CHP-UN.TO and ^GSPC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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