CHE vs MPU: Correlation
How closely do Chemed Corp (CHE) and Mega Matrix Inc. Class A (MPU) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHE and MPU?
On 3 years of weekly data the CHE/MPU correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.26). The 5-year figure is -0.18, and annualized covariance runs at -929.3 %².
Out of 16 assets tracked against CHE, MPU lands near the bottom at #12. The last year tells two different stories: CHE led by 106.2 percentage points, +14.9% for CHE against -91.3% for MPU. One caveat on sizing: MPU is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MPU: side by side
| CHE (Chemed Corp) | MPU (Mega Matrix Inc. Class A) | |
|---|---|---|
| 1-year return | +14.9% | -91.3% |
| 5-year return | +12.2% | -96.8% |
| Volatility (ann.) | 26.0% | 137.9% |
| Beta vs S&P 500 | 0.21 | 1.05 |
| Max drawdown (3Y) | -42.9% | -95.1% |
| Market cap | $6.8B | – |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHE | MPU |
|---|---|---|
| 2022 | -3.2% | -85.3% |
| 2023 | +14.9% | -19.9% |
| 2024 | -9.1% | -1.4% |
| 2025 | -18.9% | -34.5% |
| 2026 | +22.1% | -75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHE and MPU good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHE and MPU?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.08 over the last year and -0.18 over 5 years.
Is MPU a good diversifier for CHE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/che-vs-mpu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/che-vs-mpu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHE correlations · MPU correlations
