CHAI vs CHE: Correlation
Core AI Holdings, Inc. (CHAI) and Chemed Corp (CHE) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHAI and CHE?
Over the past 3 years, CHAI and CHE moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -992.7 %².
CHE is close to the least connected end of CHAI's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months CHE outperformed by 112.8 percentage points (-97.9% for CHAI against +14.9% for CHE). Note the risk asymmetry: CHAI runs 5.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CHAI vs CHE: side by side
| CHAI (Core AI Holdings, Inc.) | CHE (Chemed Corp) | |
|---|---|---|
| 1-year return | -97.9% | +14.9% |
| 5-year return | -100.0% | +12.2% |
| Volatility (ann.) | 153.8% | 26.0% |
| Beta vs S&P 500 | 0.95 | 0.21 |
| Max drawdown (3Y) | -100.0% | -42.9% |
| Market cap | – | $6.8B |
| P/E (trailing) | – | 27.6 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHAI | CHE |
|---|---|---|
| 2022 | -95.9% | -3.2% |
| 2023 | -96.1% | +14.9% |
| 2024 | -99.2% | -9.1% |
| 2025 | -93.3% | -18.9% |
| 2026 | -84.4% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHAI and CHE good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHAI and CHE?
As of 2026-08-27, the correlation of weekly returns between CHAI and CHE is -0.25 over 3 years, -0.23 over 1 year and -0.11 over 5 years.
Is CHE a good diversifier for CHAI?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chai-vs-che.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chai-vs-che/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHAI correlations · CHE correlations
