CHE vs DCI: Correlation
Chemed Corp (CHE) and Donaldson Company, Inc. (DCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHE and DCI?
On 3 years of weekly data the CHE/DCI correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.36 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 197.7 %².
Few assets follow CHE as closely as DCI, which ranks #1 of 16 tracked partners. Twelve-month performance is nearly a tie, at +14.9% for CHE and +14.0% for DCI.
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.
CHE vs DCI: side by side
| CHE (Chemed Corp) | DCI (Donaldson Company, Inc.) | |
|---|---|---|
| 1-year return | +14.9% | +14.0% |
| 5-year return | +12.2% | +44.4% |
| Volatility (ann.) | 26.0% | 21.0% |
| Beta vs S&P 500 | 0.21 | 0.74 |
| Max drawdown (3Y) | -42.9% | -26.0% |
| Market cap | $6.8B | – |
| P/E (trailing) | 27.6 | 24.8 |
| Dividend yield | 0.44% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHE | DCI |
|---|---|---|
| 2022 | -3.2% | +1.0% |
| 2023 | +14.9% | +12.8% |
| 2024 | -9.1% | +4.6% |
| 2025 | -18.9% | +33.7% |
| 2026 | +22.1% | +5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHE and DCI good diversifiers for each other?
Reasonably. At 0.36, CHE and DCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHE and DCI?
The CHE/DCI correlation stands at 0.36 on a 3-year window (1 year: 0.53, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is DCI a good diversifier for CHE?
Reasonably. At 0.36, CHE and DCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/che-vs-dci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/che-vs-dci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHE correlations · DCI correlations
