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:
1.77
^SP500TR:
2.20
THC:
2.71
^SP500TR:
2.91
THC:
1.33
^SP500TR:
1.40
THC:
1.09
^SP500TR:
3.35
THC:
7.34
^SP500TR:
13.95
THC:
9.16%
^SP500TR:
2.03%
THC:
38.06%
^SP500TR:
12.85%
THC:
-98.28%
^SP500TR:
-55.25%
THC:
-35.62%
^SP500TR:
-0.53%
Returns By Period
In the year-to-date period, THC achieves a 6.50% return, which is significantly higher than ^SP500TR's 2.91% return. Over the past 10 years, THC has underperformed ^SP500TR with an annualized return of 11.88%, while ^SP500TR has yielded a comparatively higher 13.50% annualized return.
THC
6.50%
3.84%
-3.06%
65.15%
29.92%
11.88%
^SP500TR
2.91%
2.09%
9.61%
26.43%
14.56%
13.50%
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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 8.76% compared to S&P 500 Total Return (^SP500TR) at 5.14%. 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.