CRARY vs. ^FCHI

Last updated Jun 5, 2026

CRARY (Credit Agricole SA PK) is a stock, while ^FCHI (CAC 40) is an index. Over the past 10 years, CRARY returned 14.58%/yr vs 6.66%/yr for ^FCHI. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

CRARY vs. ^FCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Agricole SA PK (CRARY) and CAC 40 (^FCHI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CRARY is traded in USD, while ^FCHI is traded in EUR. To make them comparable, the ^FCHI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CRARY achieves a -0.30% return, which is significantly lower than ^FCHI's 0.02% return. Over the past 10 years, CRARY has outperformed ^FCHI with an annualized return of 14.58%, while ^FCHI has yielded a comparatively lower 6.66% annualized return.

CRARY

• 1D: 0.74%
• 1M: 5.19%
• YTD: -0.30%
• 6M: 4.43%
• 1Y: 11.63%
• 3Y*: 26.43%
• 5Y*: 13.49%
• 10Y*: 14.58%

^FCHI

• 1D: 1.28%
• 1M: 1.56%
• YTD: 0.02%
• 6M: 1.23%
• 1Y: 7.45%
• 3Y*: 7.47%
• 5Y*: 3.85%
• 10Y*: 6.66%

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

CRARY vs. ^FCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRARY Credit Agricole SA PK	-0.30%	59.48%	3.66%	48.97%	-18.65%	20.76%	-13.69%	44.59%	-31.83%	39.60%
^FCHI CAC 40	0.02%	25.25%	-8.20%	20.20%	-14.94%	20.07%	1.08%	23.91%	-15.11%	24.71%

Correlation

The correlation between CRARY and ^FCHI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Oct 28, 2008	0.58

The correlation between CRARY and ^FCHI has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.

Return for Risk

CRARY vs. ^FCHI — Risk / Return Rank

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

CRARY

CRARY Risk / Return Rank: 54
CRARY Sharpe Ratio Rank: 58
CRARY Sortino Ratio Rank: 50
CRARY Omega Ratio Rank: 49
CRARY Calmar Ratio Rank: 55
CRARY Martin Ratio Rank: 57

^FCHI

^FCHI Risk / Return Rank: 28
^FCHI Sharpe Ratio Rank: 29
^FCHI Sortino Ratio Rank: 26
^FCHI Omega Ratio Rank: 28
^FCHI Calmar Ratio Rank: 27
^FCHI Martin Ratio Rank: 30

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.

CRARY vs. ^FCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Agricole SA PK (CRARY) and CAC 40 (^FCHI). 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.

	CRARY	^FCHI	Difference
Sharpe ratio: Return per unit of total volatility	0.47	0.46	+0.02
Sortino ratio: Return per unit of downside risk	0.80	0.77	+0.03
Omega ratio: Gain probability vs. loss probability	1.10	1.09	+0.01
Calmar ratio: Return relative to maximum drawdown	0.58	0.57	+0.01
Martin ratio: Return relative to average drawdown	1.56	1.67	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRARY vs. ^FCHI - Sharpe Ratio Comparison

The current CRARY Sharpe Ratio is 0.47, which is comparable to the ^FCHI Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of CRARY and ^FCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRARY	^FCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.46	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.19	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.33	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.03	+0.15

Drawdowns

CRARY vs. ^FCHI - Drawdown Comparison

The maximum CRARY drawdown since its inception was -84.21%, which is greater than ^FCHI's maximum drawdown of -62.50%. Use the drawdown chart below to compare losses from any high point for CRARY and ^FCHI.

Drawdown Indicators

	CRARY	^FCHI	Difference
Max Drawdown Largest peak-to-trough decline	-84.21%	-62.50%	-21.71%
Max Drawdown (1Y) Largest decline over 1 year	-19.98%	-12.83%	-7.15%
Max Drawdown (3Y) Largest decline over 3 years	-21.02%	-16.30%	-4.72%
Max Drawdown (5Y) Largest decline over 5 years	-45.46%	-33.85%	-11.61%
Max Drawdown (10Y) Largest decline over 10 years	-62.72%	-40.39%	-22.33%
Current Drawdown Current decline from peak	-8.98%	-5.87%	-3.11%
Average Drawdown Average peak-to-trough decline	-29.65%	-27.25%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	4.42%	+3.04%

Volatility

CRARY vs. ^FCHI - Volatility Comparison

Credit Agricole SA PK (CRARY) has a higher volatility of 6.53% compared to CAC 40 (^FCHI) at 4.87%. This indicates that CRARY's price experiences larger fluctuations and is considered to be riskier than ^FCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRARY	^FCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	4.87%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	18.09%	12.83%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	24.73%	16.12%	+8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.72%	19.68%	+8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.49%	19.97%	+13.52%

Frequently Asked Questions

Can I hold both CRARY and ^FCHI in my portfolio?

CRARY and ^FCHI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRARY or ^FCHI?

CRARY has higher volatility (6.53%) compared to ^FCHI (4.87%). In terms of maximum drawdown, CRARY dropped -84.21% vs ^FCHI's -62.50%.

Which has better risk-adjusted returns?

CRARY currently has the higher Sharpe Ratio (0.47 vs 0.46), 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.