SPXC vs. THC
SPXC (SPX Corporation) and THC (Tenet Healthcare Corporation) are both stocks. SPXC operates in Specialty Industrial Machinery (Industrials), while THC operates in Medical Care Facilities (Healthcare). Over the past 10 years, SPXC returned 31.53%/yr vs 20.25%/yr for THC. At a 0.25 correlation, their price movements are largely independent.
Performance
SPXC vs. THC - Performance Comparison
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Returns By Period
In the year-to-date period, SPXC achieves a 14.99% return, which is significantly higher than THC's -12.11% return. Over the past 10 years, SPXC has outperformed THC with an annualized return of 31.53%, while THC has yielded a comparatively lower 20.25% annualized return.
SPXC
- 1D
- -1.47%
- 1M
- 13.05%
- YTD
- 14.99%
- 6M
- 4.60%
- 1Y
- 48.95%
- 3Y*
- 39.38%
- 5Y*
- 31.04%
- 10Y*
- 31.53%
THC
- 1D
- 0.86%
- 1M
- -12.03%
- YTD
- -12.11%
- 6M
- -12.41%
- 1Y
- 6.26%
- 3Y*
- 32.22%
- 5Y*
- 20.49%
- 10Y*
- 20.25%
SPXC vs. THC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 14.99% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
THC Tenet Healthcare Corporation | -12.11% | 57.43% | 67.04% | 54.89% | -40.27% | 104.58% | 5.00% | 121.88% | 13.06% | 2.16% |
Correlation
The correlation between SPXC and THC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.25 |
The correlation between SPXC and THC shifts across timeframes, from 0.20 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPXC:
$11.62B
THC:
$15.30B
SPXC:
$5.19
THC:
$21.43
SPXC:
44.34
THC:
8.15
SPXC:
0.01
THC:
0.08
SPXC:
4.78
THC:
0.72
SPXC:
5.09
THC:
3.18
SPXC:
$2.35B
THC:
$21.46B
SPXC:
$909.30M
THC:
$12.91B
SPXC:
$475.30M
THC:
$4.00B
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Return for Risk
SPXC vs. THC — Risk / Return Rank
SPXC
THC
SPXC vs. THC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and Tenet Healthcare Corporation (THC). 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.
| SPXC | THC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.16 | +1.79 |
| Martin ratioReturn relative to average drawdown | 4.99 | 0.41 | +4.57 |
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Drawdowns
SPXC vs. THC - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, smaller than the maximum THC drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for SPXC and THC.
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Drawdown Indicators
| SPXC | THC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -98.28% | +17.16% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -34.08% | +10.93% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -36.90% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -58.88% | +20.56% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -71.68% | +21.42% |
Current DrawdownCurrent decline from peak | -5.34% | -28.65% | +23.31% |
Average DrawdownAverage peak-to-trough decline | -29.01% | -51.54% | +22.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.04% | 13.32% | -4.28% |
Volatility
SPXC vs. THC - Volatility Comparison
SPX Corporation (SPXC) and Tenet Healthcare Corporation (THC) have volatilities of 11.30% and 11.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXC | THC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.30% | 11.64% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 28.04% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.72% | 38.91% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.14% | 44.34% | -9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 56.28% | -18.82% |
Dividends
SPXC vs. THC - Dividend Comparison
Neither SPXC nor THC has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
THC Tenet Healthcare Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SPXC vs. THC - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation and Tenet Healthcare Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SPXC vs. THC - Profitability Comparison
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
THC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tenet Healthcare Corporation reported a gross profit of 3.19B and revenue of 5.37B. Therefore, the gross margin over that period was 59.5%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
THC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tenet Healthcare Corporation reported an operating income of 1.30B and revenue of 5.37B, resulting in an operating margin of 24.1%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
THC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tenet Healthcare Corporation reported a net income of 906.00M and revenue of 5.37B, resulting in a net margin of 16.9%.
Frequently Asked Questions
SPXC and THC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THC has higher volatility (11.64%) compared to SPXC (11.30%). In terms of maximum drawdown, SPXC dropped -81.12% vs THC's -98.28%.
SPXC currently has the higher Sharpe Ratio (1.23 vs 0.14), 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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