CHE vs WY: Correlation
Chemed Corp (CHE) and Weyerhaeuser (WY) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHE and WY?
On 3 years of weekly data the CHE/WY correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 223.8 %².
Few assets follow CHE as closely as WY, which ranks #3 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with CHE ahead by 21.0 points (+14.9% versus -6.1%).
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 WY: side by side
| CHE (Chemed Corp) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +14.9% | -6.1% |
| 5-year return | +12.2% | -19.5% |
| Volatility (ann.) | 26.0% | 24.8% |
| Beta vs S&P 500 | 0.21 | 0.64 |
| Max drawdown (3Y) | -42.9% | -38.0% |
| Market cap | $6.8B | $17.1B |
| P/E (trailing) | 27.6 | 36.5 |
| Dividend yield | 0.44% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | CHE | WY |
|---|---|---|
| 2022 | -3.2% | -20.4% |
| 2023 | +14.9% | +18.0% |
| 2024 | -9.1% | -16.6% |
| 2025 | -18.9% | -13.0% |
| 2026 | +22.1% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHE and WY good diversifiers for each other?
Reasonably. At 0.35, CHE and WY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHE and WY?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.32 over the last year and 0.31 over 5 years.
Is WY a good diversifier for CHE?
Reasonably. At 0.35, CHE and WY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/che-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHE correlations · WY correlations
