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CHX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CHX and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.4

Performance

CHX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ChampionX Corporation (CHX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
-29.89%
146.54%
CHX
SPY

Key characteristics

Sharpe Ratio

CHX:

-0.47

SPY:

2.21

Sortino Ratio

CHX:

-0.55

SPY:

2.93

Omega Ratio

CHX:

0.94

SPY:

1.41

Calmar Ratio

CHX:

-0.35

SPY:

3.26

Martin Ratio

CHX:

-0.86

SPY:

14.43

Ulcer Index

CHX:

17.19%

SPY:

1.90%

Daily Std Dev

CHX:

31.04%

SPY:

12.41%

Max Drawdown

CHX:

-93.37%

SPY:

-55.19%

Current Drawdown

CHX:

-41.49%

SPY:

-2.74%

Returns By Period

In the year-to-date period, CHX achieves a -10.71% return, which is significantly lower than SPY's 25.54% return.


CHX

YTD

-10.71%

1M

-15.99%

6M

-18.96%

1Y

-13.84%

5Y*

-4.08%

10Y*

N/A

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

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Risk-Adjusted Performance

CHX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ChampionX Corporation (CHX) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for CHX, currently valued at -0.47, compared to the broader market-4.00-2.000.002.00-0.472.21
The chart of Sortino ratio for CHX, currently valued at -0.55, compared to the broader market-4.00-2.000.002.004.00-0.552.93
The chart of Omega ratio for CHX, currently valued at 0.94, compared to the broader market0.501.001.502.000.941.41
The chart of Calmar ratio for CHX, currently valued at -0.35, compared to the broader market0.002.004.006.00-0.353.26
The chart of Martin ratio for CHX, currently valued at -0.86, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.8614.43
CHX
SPY

The current CHX Sharpe Ratio is -0.47, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of CHX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.47
2.21
CHX
SPY

Dividends

CHX vs. SPY - Dividend Comparison

CHX's dividend yield for the trailing twelve months is around 1.43%, more than SPY's 0.86% yield.


TTM20232022202120202019201820172016201520142013
CHX
ChampionX Corporation
1.43%1.13%0.78%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

CHX vs. SPY - Drawdown Comparison

The maximum CHX drawdown since its inception was -93.37%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CHX and SPY. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-41.49%
-2.74%
CHX
SPY

Volatility

CHX vs. SPY - Volatility Comparison

ChampionX Corporation (CHX) has a higher volatility of 7.24% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that CHX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
7.24%
3.72%
CHX
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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