THC vs. ^SP500TR
Compare and contrast key facts about Tenet Healthcare Corporation (THC) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THC or ^SP500TR.
Correlation
The correlation between THC and ^SP500TR is 0.39, 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.
Performance
THC vs. ^SP500TR - Performance Comparison
Key characteristics
THC:
0.56
^SP500TR:
0.32
THC:
1.12
^SP500TR:
0.57
THC:
1.14
^SP500TR:
1.08
THC:
0.42
^SP500TR:
0.32
THC:
1.67
^SP500TR:
1.43
THC:
14.30%
^SP500TR:
4.19%
THC:
42.79%
^SP500TR:
18.99%
THC:
-98.28%
^SP500TR:
-55.25%
THC:
-41.66%
^SP500TR:
-13.83%
Returns By Period
In the year-to-date period, THC achieves a -3.50% return, which is significantly higher than ^SP500TR's -9.83% return. Over the past 10 years, THC has underperformed ^SP500TR with an annualized return of 9.15%, while ^SP500TR has yielded a comparatively higher 11.70% annualized return.
THC
-3.50%
-4.65%
-25.67%
33.74%
40.41%
9.15%
^SP500TR
-9.83%
-6.83%
-9.33%
6.85%
14.73%
11.70%
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Risk-Adjusted Performance
THC vs. ^SP500TR — Risk-Adjusted Performance Rank
THC
^SP500TR
THC vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tenet Healthcare Corporation (THC) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
THC vs. ^SP500TR - Drawdown Comparison
The maximum THC drawdown since its inception was -98.28%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for THC and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
THC vs. ^SP500TR - Volatility Comparison
Tenet Healthcare Corporation (THC) has a higher volatility of 16.82% compared to S&P 500 Total Return (^SP500TR) at 13.59%. This indicates that THC's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.