DHC vs. MWA

Last updated Jun 3, 2026

DHC (Diversified Healthcare Trust) and MWA (Mueller Water Products, Inc.) are both stocks. DHC operates in REIT - Healthcare Facilities (Real Estate), while MWA operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, DHC returned -3.86%/yr vs 10.36%/yr for MWA. At a 0.36 correlation, their price movements are largely independent.

Performance

DHC vs. MWA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Diversified Healthcare Trust (DHC) and Mueller Water Products, Inc. (MWA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DHC achieves a 75.81% return, which is significantly higher than MWA's 5.82% return. Over the past 10 years, DHC has underperformed MWA with an annualized return of -3.86%, while MWA has yielded a comparatively higher 10.36% annualized return.

DHC

• 1D: 3.53%
• 1M: 8.42%
• YTD: 75.81%
• 6M: 79.13%
• 1Y: 171.24%
• 3Y*: 73.66%
• 5Y*: 20.29%
• 10Y*: -3.86%

MWA

• 1D: 1.66%
• 1M: -8.19%
• YTD: 5.82%
• 6M: 3.05%
• 1Y: 4.35%
• 3Y*: 21.23%
• 5Y*: 13.39%
• 10Y*: 10.36%

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

DHC vs. MWA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DHC Diversified Healthcare Trust	75.81%	113.91%	-37.64%	497.73%	-78.60%	-24.27%	-49.85%	-21.84%	-32.84%	9.35%
MWA Mueller Water Products, Inc.	5.82%	7.01%	58.45%	36.27%	-23.81%	18.06%	5.45%	34.32%	-26.09%	-4.59%

Correlation

The correlation between DHC and MWA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 30, 2006	0.36

Fundamentals

Market Cap DHC : $2.05B MWA : $3.95B
EPS DHC : -$1.33 MWA : $1.32
PS Ratio DHC : 1.35 MWA : 2.70
PB Ratio DHC : 1.26 MWA : 3.69
Total Revenue (TTM) DHC : $1.52B MWA : $1.46B
Gross Profit (TTM) DHC : $81.96M MWA : $550.00M
EBITDA (TTM) DHC : $87.81M MWA : $311.80M

Return for Risk

DHC vs. MWA — Risk / Return Rank

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

DHC

DHC Risk / Return Rank: 97
DHC Sharpe Ratio Rank: 98
DHC Sortino Ratio Rank: 96
DHC Omega Ratio Rank: 94
DHC Calmar Ratio Rank: 98
DHC Martin Ratio Rank: 97

MWA

MWA Risk / Return Rank: 43
MWA Sharpe Ratio Rank: 46
MWA Sortino Ratio Rank: 39
MWA Omega Ratio Rank: 39
MWA Calmar Ratio Rank: 44
MWA Martin Ratio Rank: 46

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.

DHC vs. MWA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diversified Healthcare Trust (DHC) and Mueller Water Products, Inc. (MWA). 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.

	DHC	MWA	Difference
Sharpe ratio Return per unit of total volatility	4.26	0.17	+4.09
Sortino ratio Return per unit of downside risk	4.58	0.42	+4.17
Omega ratio Gain probability vs. loss probability	1.55	1.05	+0.50
Calmar ratio Return relative to maximum drawdown	11.08	0.18	+10.90
Martin ratio Return relative to average drawdown	29.32	0.42	+28.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DHC vs. MWA - Sharpe Ratio Comparison

The current DHC Sharpe Ratio is 4.26, which is higher than the MWA Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of DHC and MWA, 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

	DHC	MWA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.26	0.17	+4.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.44	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	0.32	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.07	+0.06

Drawdowns

DHC vs. MWA - Drawdown Comparison

The maximum DHC drawdown since its inception was -96.32%, roughly equal to the maximum MWA drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for DHC and MWA.

Drawdown Indicators

	DHC	MWA	Difference
Max Drawdown Largest peak-to-trough decline	-96.32%	-91.80%	-4.52%
Max Drawdown (1Y) Largest decline over 1 year	-15.70%	-18.55%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-51.17%	-25.85%	-25.32%
Max Drawdown (5Y) Largest decline over 5 years	-84.81%	-41.27%	-43.54%
Max Drawdown (10Y) Largest decline over 10 years	-96.32%	-46.67%	-49.65%
Current Drawdown Current decline from peak	-46.91%	-17.20%	-29.71%
Average Drawdown Average peak-to-trough decline	-30.33%	-40.39%	+10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	7.89%	-1.96%

Volatility

DHC vs. MWA - Volatility Comparison

Diversified Healthcare Trust (DHC) has a higher volatility of 13.34% compared to Mueller Water Products, Inc. (MWA) at 6.71%. This indicates that DHC's price experiences larger fluctuations and is considered to be riskier than MWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHC	MWA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.34%	6.71%	+6.63%
Volatility (6M) Calculated over the trailing 6-month period	29.85%	17.65%	+12.20%
Volatility (1Y) Calculated over the trailing 1-year period	40.49%	26.21%	+14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.08%	30.62%	+38.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.04%	32.24%	+31.80%

Dividends

DHC vs. MWA - Dividend Comparison

DHC's dividend yield for the trailing twelve months is around 0.47%, less than MWA's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHC Diversified Healthcare Trust	0.47%	0.82%	1.74%	1.07%	6.18%	1.29%	4.37%	9.95%	13.31%	8.15%	8.24%	11.40%
MWA Mueller Water Products, Inc.	1.10%	1.14%	1.15%	1.72%	2.18%	1.55%	1.72%	1.71%	2.20%	1.28%	0.83%	0.91%

Financials

DHC vs. MWA - Profitability Comparison

The chart below illustrates the profitability comparison between Diversified Healthcare Trust and Mueller Water Products, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DHC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diversified Healthcare Trust reported a gross profit of 0.00 and revenue of 366.47M. Therefore, the gross margin over that period was 0.0%.

MWA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mueller Water Products, Inc. reported a gross profit of 144.50M and revenue of 384.40M. Therefore, the gross margin over that period was 37.6%.

DHC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diversified Healthcare Trust reported an operating income of 0.00 and revenue of 366.47M, resulting in an operating margin of 0.0%.

MWA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mueller Water Products, Inc. reported an operating income of 77.10M and revenue of 384.40M, resulting in an operating margin of 20.1%.

DHC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diversified Healthcare Trust reported a net income of -43.28M and revenue of 366.47M, resulting in a net margin of -11.8%.

MWA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mueller Water Products, Inc. reported a net income of 59.10M and revenue of 384.40M, resulting in a net margin of 15.4%.

Frequently Asked Questions

Can I hold both DHC and MWA in my portfolio?

DHC and MWA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DHC or MWA?

DHC has higher volatility (13.34%) compared to MWA (6.71%). In terms of maximum drawdown, DHC dropped -96.32% vs MWA's -91.80%.

Which has better risk-adjusted returns?

DHC currently has the higher Sharpe Ratio (4.26 vs 0.17), 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.