THC vs. ^SP500TR

Last updated Apr 2, 2026

Compare and contrast key facts about Tenet Healthcare Corporation (THC) and S&P 500 Total Return (^SP500TR).

Performance

THC vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tenet Healthcare Corporation (THC) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

THC vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THC Tenet Healthcare Corporation	-4.25%	57.43%	67.04%	54.89%	-40.27%	104.58%	5.00%	121.88%	13.06%	2.16%
^SP500TR S&P 500 Total Return	-3.64%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Returns By Period

In the year-to-date period, THC achieves a -4.25% return, which is significantly lower than ^SP500TR's -3.64% return. Over the past 10 years, THC has outperformed ^SP500TR with an annualized return of 20.74%, while ^SP500TR has yielded a comparatively lower 14.17% annualized return.

THC

• 1D: 0.83%
• 1M: -19.08%
• YTD: -4.25%
• 6M: -5.50%
• 1Y: 42.63%
• 3Y*: 47.39%
• 5Y*: 30.03%
• 10Y*: 20.74%

^SP500TR

• 1D: 0.72%
• 1M: -4.34%
• YTD: -3.64%
• 6M: -1.43%
• 1Y: 18.20%
• 3Y*: 18.60%
• 5Y*: 11.96%
• 10Y*: 14.17%

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

Return for Risk

THC vs. ^SP500TR — Risk / Return Rank

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

THC

THC Risk / Return Rank: 73
THC Sharpe Ratio Rank: 73
THC Sortino Ratio Rank: 70
THC Omega Ratio Rank: 70
THC Calmar Ratio Rank: 74
THC Martin Ratio Rank: 77

^SP500TR

^SP500TR Risk / Return Rank: 72
^SP500TR Sharpe Ratio Rank: 66
^SP500TR Sortino Ratio Rank: 69
^SP500TR Omega Ratio Rank: 74
^SP500TR Calmar Ratio Rank: 67
^SP500TR Martin Ratio Rank: 83

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.

THC vs. ^SP500TR - Risk-Adjusted Trends 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.

	THC	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.00	-0.01
Sortino ratio Return per unit of downside risk	1.62	1.52	+0.10
Omega ratio Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio Return relative to maximum drawdown	1.79	1.54	+0.25
Martin ratio Return relative to average drawdown	5.31	7.32	-2.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THC vs. ^SP500TR - Sharpe Ratio Comparison

The current THC Sharpe Ratio is 0.99, which is comparable to the ^SP500TR Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of THC and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THC	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.00	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.71	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.79	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.62	-0.51

Correlation

The correlation between THC and ^SP500TR is 0.38, 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.

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.

Drawdown Indicators

	THC	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-55.25%	-43.03%
Max Drawdown (1Y) Largest decline over 1 year	-23.20%	-12.12%	-11.08%
Max Drawdown (5Y) Largest decline over 5 years	-58.88%	-24.49%	-34.39%
Max Drawdown (10Y) Largest decline over 10 years	-71.68%	-33.79%	-37.89%
Current Drawdown Current decline from peak	-22.28%	-5.55%	-16.73%
Average Drawdown Average peak-to-trough decline	-51.67%	-8.20%	-43.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	2.55%	+5.26%

Volatility

THC vs. ^SP500TR - Volatility Comparison

Tenet Healthcare Corporation (THC) has a higher volatility of 8.71% compared to S&P 500 Total Return (^SP500TR) at 5.38%. 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.

Volatility by Period

	THC	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	5.38%	+3.33%
Volatility (6M) Calculated over the trailing 6-month period	28.64%	9.55%	+19.09%
Volatility (1Y) Calculated over the trailing 1-year period	43.17%	18.32%	+24.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.20%	16.90%	+27.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.32%	18.05%	+38.27%