ADUS vs CHE: Correlation
Addus HomeCare Corporation (ADUS) and Chemed Corp (CHE) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADUS and CHE?
Over the past 3 years, ADUS and CHE moved with a correlation of 0.34, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.34 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 241.3 %².
By 3-year correlation, CHE places #6 of the 11 assets tracked against ADUS. On 12-month performance CHE holds a 12.7-point edge, +2.2% against +14.9%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADUS vs CHE: side by side
| ADUS (Addus HomeCare Corporation) | CHE (Chemed Corp) | |
|---|---|---|
| 1-year return | +2.2% | +14.9% |
| 5-year return | +31.2% | +12.2% |
| Volatility (ann.) | 27.2% | 26.0% |
| Beta vs S&P 500 | 0.41 | 0.21 |
| Max drawdown (3Y) | -34.9% | -42.9% |
| Market cap | $2.2B | $6.8B |
| P/E (trailing) | 20.7 | 27.6 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADUS | CHE |
|---|---|---|
| 2022 | +6.4% | -3.2% |
| 2023 | -6.7% | +14.9% |
| 2024 | +35.0% | -9.1% |
| 2025 | -14.3% | -18.9% |
| 2026 | +9.9% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADUS and CHE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADUS and CHE?
As of 2026-08-27, the correlation of weekly returns between ADUS and CHE is 0.34 over 3 years, 0.60 over 1 year and 0.42 over 5 years.
Is CHE a good diversifier for ADUS?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adus-vs-che.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adus-vs-che/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADUS correlations · CHE correlations
