CHE vs UMH: Correlation
Chemed Corp (CHE) and UMH Properties, Inc. (UMH) 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 CHE and UMH?
Across a 3-year window, the weekly returns of CHE and UMH correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 181.6 %².
By 3-year correlation, UMH places #5 of the 16 assets tracked against CHE. Their 12-month results are close: +14.9% for CHE against +11.0% for UMH.
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 UMH: side by side
| CHE (Chemed Corp) | UMH (UMH Properties, Inc.) | |
|---|---|---|
| 1-year return | +14.9% | +11.0% |
| 5-year return | +12.2% | -11.7% |
| Volatility (ann.) | 26.0% | 20.7% |
| Beta vs S&P 500 | 0.21 | 0.45 |
| Max drawdown (3Y) | -42.9% | -27.3% |
| Market cap | $6.8B | $1.4B |
| P/E (trailing) | 27.6 | 137.5 |
| Dividend yield | 0.44% | 5.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHE | UMH |
|---|---|---|
| 2022 | -3.2% | -38.7% |
| 2023 | +14.9% | +0.2% |
| 2024 | -9.1% | +29.6% |
| 2025 | -18.9% | -11.0% |
| 2026 | +22.1% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHE and UMH good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHE and UMH?
The CHE/UMH correlation stands at 0.34 on a 3-year window (1 year: 0.44, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is UMH a good diversifier for CHE?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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-umh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/che-vs-umh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHE correlations · UMH correlations
