Churchill Downs Incorporated

10-Year Study

CHDN.US · Consumer Cyclical · US · Common Stock

Executive Summary: Churchill Downs Incorporated has compounded at 16.8% annually over the last 10 years, with a maximum drawdown of 38.0% and an annualized volatility of 26.0%.

1Y CAGR
-2.1%
3Y CAGR
-11.8%
5Y CAGR
-1.0%
10Y CAGR
+16.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
38.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.50
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.03
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
31.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +69.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -18.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-13.6-6.5-2.33.8————————-18.0%
2025-7.5-4.1-6.3-18.65.65.86.0-3.1-6.52.310.04.7-14.5%
2024-10.30.71.54.20.47.82.8-3.2-2.73.61.4-5.8-0.7%
202317.3-0.94.613.8-7.12.5-16.88.1-7.4-5.35.716.628.1%
2022-12.714.5-7.9-8.5-0.3-5.49.5-6.1-6.612.96.8-4.4-12.0%
2021-3.823.0-1.4-7.0-5.7-0.6-6.313.314.1-4.2-2.57.824.1%
20205.2-13.0-18.1-2.732.40.44.026.2-6.3-9.020.68.642.5%
201913.12.0-3.811.7-2.316.74.03.00.25.30.06.069.5%
201811.3-0.3-5.512.59.0-1.0-3.6-1.2-1.7-10.111.3-11.65.5%
2017-4.74.85.75.00.59.32.04.55.51.113.5-1.055.7%
2016———-9.3-6.50.73.813.9-2.0-7.113.5-1.72.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 26.0%. The dominant macroeconomic risk driver is VTI.US, accounting for 27.8% of variance. Idiosyncratic stock-specific factors contribute 43.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019073.609990230641
2016-05-018487.321072080873
2016-06-018544.790383553498
2016-07-018867.349105891348
2016-08-0110101.47389882343
2016-09-019896.572229537442
2016-10-019196.661428025316
2016-11-0110441.490039502189
2016-12-0110260.75691288281
2017-01-019776.536550142293
2017-02-0110250.520324512592
2017-03-0110833.623582381175
2017-04-0111375.822962239308
2017-05-0111433.801979356924
2017-06-0112501.12559996602
2017-07-0112756.870407339762
2017-08-0113326.33903920486
2017-09-0114062.906171685852
2017-10-0114223.166121564796
2017-11-0116137.705475088138
2017-12-0115979.739200611646
2018-01-0117785.796202692945
2018-02-0117730.87541944527
2018-03-0116759.164082742216
2018-04-0118857.070042050716
2018-05-0120560.12402837361
2018-06-0120360.956547593763
2018-07-0119636.494924181286
2018-08-0119406.447776409124
2018-09-0119069.95709977488
2018-10-0117140.976086310155
2018-11-0119074.077220405215
2018-12-0116853.96933271036
2019-01-0119064.902518795396
2019-02-0119442.127171558426
2019-03-0118708.36342012488
2019-04-0120903.410780274393
2019-05-0120432.867519007774
2019-06-0123850.78367242917
2019-07-0124800.110436223084
2019-08-0125548.358323068427
2019-09-0125588.794970904302
2019-10-0126943.29524699486
2019-11-0126947.457843095613
2019-12-0128565.560888586842
2020-01-0130060.44259440173
2020-02-0126158.730832943977
2020-03-0121434.566537824405
2020-04-0120866.159792719704
2020-05-0127622.39306800323
2020-06-0127722.337849891686
2020-07-0128840.37718217729
2020-08-0136385.67727137578
2020-09-0134107.93017032663
2020-10-0131053.60404366478
2020-11-0137460.00934460349
2020-12-0140696.555239349276
2021-01-0139163.06333092639
2021-02-0148184.47096801598
2021-03-0147513.783290149935
2021-04-0144187.699103767576
2021-05-0141686.870832094464
2021-06-0141421.52656840675
2021-07-0138818.33241303147
2021-08-0143978.8047402625
2021-09-0150158.815783884806
2021-10-0148052.8394851973
2021-11-0146845.26186127512
2021-12-0150484.89997026717
2022-01-0144072.12334876609
2022-02-0150478.61360064563
2022-03-0146477.933993118975
2022-04-0142529.711591555875
2022-05-0142422.80083251923
2022-06-0140138.51250902603
2022-07-0143967.33636325022
2022-08-0141303.74208894364
2022-09-0138591.895680244656
2022-10-0143571.25260162257
2022-11-0146515.69468631865
2022-12-0144451.89652975406
2023-01-0152161.576689461835
2023-02-0151673.78838720639
2023-03-0154043.24002888332
2023-04-0161502.697192371415
2023-05-0157110.73355137409
2023-06-0158519.34757677442
2023-07-0148713.545427515615
2023-08-0152678.75801724505
2023-09-0148793.441787367796
2023-10-0146186.4248396551
2023-11-0148841.56649534894
2023-12-0156924.90336830481
2024-01-0151035.38206685639
2024-02-0151415.07029690354
2024-03-0152208.21475597842
2024-04-0154423.09816081213
2024-05-0154634.031346897165
2024-06-0158895.085588072885
2024-07-0160565.73079046851
2024-08-0158629.31656968101
2024-09-0157043.02765153124
2024-10-0159106.01877415792
2024-11-0159953.999065539654
2024-12-0156502.399864078485
2025-01-0152288.19606677144
2025-02-0150138.80983731894
2025-03-0146995.072845431765
2025-04-0138253.578558382535
2025-05-0140394.512169222275
2025-06-0142734.315932548954
2025-07-0145289.93756105849
2025-08-0143889.43635050759
2025-09-0141046.1283608716
2025-10-0141972.73074799304
2025-11-0146157.329142420254
2025-12-0148328.590239136895
2026-01-0141778.87270101516
2026-02-0139047.69995327699
2026-03-0138155.71507454445
2026-04-0139616.87125684917
Annual Return Matrix
YearAnnual Return
20170.5573645625059507
20180.05470866083128878
20190.6948862505134921
20200.42467201670138666
20210.24052022765439385
2022-0.11950114676004531
20230.2805956058635628
2024-0.007422120710380731
2025-0.1446630522704241
2026-0.18026015116892258
Total Factor Risk
0.2596617353003922
VTI.US Exposure
0.27817307174285416
VEA.US Exposure
0.012156485623422876
VWO.US Exposure
-0.004114824990480016
QQQ.US Exposure
-0.08661856047553834
VTV.US Exposure
-0.011806453834980035
IJR.US Exposure
0.15150620030540832
QUAL.US Exposure
-0.026557298376704997
SHV.US Exposure
0.09055836104560575
TLT.US Exposure
-0.004521906182660103
LQD.US Exposure
0.03381598235652383
HYG.US Exposure
0.024228153536042105
GLD.US Exposure
-0.0010799569547616454
USO.US Exposure
0.006703514230502298
VNQ.US Exposure
0.006577304675335873
BTC-USD.CC Exposure
0.009136871001464365
CPER.US Exposure
0.0369725362392325
VIX.INDX Exposure
0.05293323377374363
UUP.US Exposure
-0.0010750413857170988
TIP.US Exposure
-0.00020179267016543962
Idiosyncratic Exposure
0.43321412034087187
Value Score
43.3
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
5.9
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
26.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →16.8x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.49%
Market Cap$6.2B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+4.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-6.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
20.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.65
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Churchill Downs Incorporated a high-risk investment?

Churchill Downs Incorporated (CHDN.US) has an annualized volatility of 26.0% and experienced a maximum drawdown of 38.0% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of CHDN.US?

Over the past 10 years, CHDN.US has generated a Compound Annual Growth Rate (CAGR) of 16.8%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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