CTRE vs. NHI

Last updated Jun 9, 2026

CTRE (CareTrust REIT, Inc.) and NHI (National Health Investors, Inc.) are both stocks. Both operate in the REIT - Healthcare Facilities industry within the Real Estate sector. Over the past 10 years, CTRE returned 15.71%/yr vs 5.56%/yr for NHI. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

CTRE vs. NHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CareTrust REIT, Inc. (CTRE) and National Health Investors, Inc. (NHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTRE achieves a 3.20% return, which is significantly higher than NHI's -8.06% return. Over the past 10 years, CTRE has outperformed NHI with an annualized return of 15.71%, while NHI has yielded a comparatively lower 5.56% annualized return.

CTRE

• 1D: -2.77%
• 1M: -11.25%
• YTD: 3.20%
• 6M: -0.19%
• 1Y: 32.18%
• 3Y*: 29.03%
• 5Y*: 14.79%
• 10Y*: 15.71%

NHI

• 1D: -1.42%
• 1M: -7.75%
• YTD: -8.06%
• 6M: -9.85%
• 1Y: 0.43%
• 3Y*: 15.68%
• 5Y*: 6.66%
• 10Y*: 5.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CTRE vs. NHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTRE CareTrust REIT, Inc.	3.20%	39.35%	26.31%	27.31%	-13.67%	7.91%	13.67%	16.31%	15.89%	14.12%
NHI National Health Investors, Inc.	-8.06%	15.69%	30.71%	14.57%	-3.26%	-11.74%	-8.67%	13.67%	5.93%	6.88%

Correlation

The correlation between CTRE and NHI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 30, 2014	0.66

The correlation between CTRE and NHI has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Fundamentals

Market Cap CTRE : $8.27B NHI : $3.37B
EPS CTRE : $1.61 NHI : $3.12
PE Ratio CTRE : 22.96 NHI : 22.28
PEG Ratio CTRE : 0.58 NHI : 0.20
PS Ratio CTRE : 16.43 NHI : 8.20
PB Ratio CTRE : 2.00 NHI : 2.23
Total Revenue (TTM) CTRE : $468.13M NHI : $402.19M
Gross Profit (TTM) CTRE : $406.50M NHI : $210.78M
EBITDA (TTM) CTRE : $490.99M NHI : $233.74M

Return for Risk

CTRE vs. NHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTRE

CTRE Risk / Return Rank: 79
CTRE Sharpe Ratio Rank: 80
CTRE Sortino Ratio Rank: 74
CTRE Omega Ratio Rank: 73
CTRE Calmar Ratio Rank: 80
CTRE Martin Ratio Rank: 87

NHI

NHI Risk / Return Rank: 40
NHI Sharpe Ratio Rank: 43
NHI Sortino Ratio Rank: 36
NHI Omega Ratio Rank: 35
NHI Calmar Ratio Rank: 43
NHI Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTRE vs. NHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CareTrust REIT, Inc. (CTRE) and National Health Investors, Inc. (NHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CTRE	NHI	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.02	+1.33
Sortino ratio: Return per unit of downside risk	1.89	0.17	+1.71
Omega ratio: Gain probability vs. loss probability	1.24	1.02	+0.22
Calmar ratio: Return relative to maximum drawdown	2.49	0.02	+2.47
Martin ratio: Return relative to average drawdown	9.27	0.06	+9.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTRE vs. NHI - Sharpe Ratio Comparison

The current CTRE Sharpe Ratio is 1.35, which is higher than the NHI Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of CTRE and NHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CTRE	NHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.02	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.28	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.18	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.39	+0.03

Drawdowns

CTRE vs. NHI - Drawdown Comparison

The maximum CTRE drawdown since its inception was -67.43%, smaller than the maximum NHI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for CTRE and NHI.

Drawdown Indicators

	CTRE	NHI	Difference
Max Drawdown Largest peak-to-trough decline	-67.43%	-82.88%	+15.45%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-24.09%	+11.08%
Max Drawdown (3Y) Largest decline over 3 years	-23.19%	-24.09%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-30.98%	-25.68%	-5.30%
Max Drawdown (10Y) Largest decline over 10 years	-67.43%	-63.04%	-4.39%
Current Drawdown Current decline from peak	-13.01%	-22.86%	+9.85%
Average Drawdown Average peak-to-trough decline	-10.58%	-15.01%	+4.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	7.26%	-3.78%

Volatility

CTRE vs. NHI - Volatility Comparison

CareTrust REIT, Inc. (CTRE) has a higher volatility of 9.84% compared to National Health Investors, Inc. (NHI) at 7.07%. This indicates that CTRE's price experiences larger fluctuations and is considered to be riskier than NHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTRE	NHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.84%	7.07%	+2.77%
Volatility (6M) Calculated over the trailing 6-month period	19.50%	18.09%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	23.93%	21.70%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	23.64%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.34%	30.98%	+4.36%

Dividends

CTRE vs. NHI - Dividend Comparison

CTRE's dividend yield for the trailing twelve months is around 3.78%, less than NHI's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTRE CareTrust REIT, Inc.	3.78%	3.71%	4.29%	5.00%	5.92%	4.64%	4.51%	4.36%	4.44%	4.42%	4.44%	5.84%
NHI National Health Investors, Inc.	5.27%	4.77%	5.19%	6.45%	6.89%	6.62%	6.38%	5.15%	5.30%	5.04%	4.85%	5.59%

Financials

CTRE vs. NHI - Profitability Comparison

The chart below illustrates the profitability comparison between CareTrust REIT, Inc. and National Health Investors, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CTRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CareTrust REIT, Inc. reported a gross profit of 142.28M and revenue of 142.78M. Therefore, the gross margin over that period was 99.7%.

NHI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Health Investors, Inc. reported a gross profit of 0.00 and revenue of 115.13M. Therefore, the gross margin over that period was 0.0%.

CTRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CareTrust REIT, Inc. reported an operating income of 127.94M and revenue of 142.78M, resulting in an operating margin of 89.6%.

NHI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Health Investors, Inc. reported an operating income of 35.00K and revenue of 115.13M, resulting in an operating margin of 0.0%.

CTRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CareTrust REIT, Inc. reported a net income of 80.21M and revenue of 142.78M, resulting in a net margin of 56.2%.

NHI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Health Investors, Inc. reported a net income of 40.02M and revenue of 115.13M, resulting in a net margin of 34.8%.

Frequently Asked Questions

Can I hold both CTRE and NHI in my portfolio?

CTRE and NHI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTRE or NHI?

CTRE has higher volatility (9.84%) compared to NHI (7.07%). In terms of maximum drawdown, CTRE dropped -67.43% vs NHI's -82.88%.

Which has better risk-adjusted returns?

CTRE currently has the higher Sharpe Ratio (1.35 vs 0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.