MEDI vs. CTRE
Compare and contrast key facts about Harbor Health Care ETF (MEDI) and CareTrust REIT, Inc. (CTRE).
MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDI or CTRE.
Key characteristics
| MEDI | CTRE | |
|---|---|---|
| YTD Return | 7.89% | 42.13% |
| 1Y Return | 24.84% | 44.93% |
| Sharpe Ratio | 1.68 | 2.57 |
| Sortino Ratio | 2.41 | 3.53 |
| Omega Ratio | 1.30 | 1.47 |
| Calmar Ratio | 2.77 | 4.69 |
| Martin Ratio | 6.05 | 17.73 |
| Ulcer Index | 4.19% | 2.81% |
| Daily Std Dev | 15.09% | 19.19% |
| Max Drawdown | -9.16% | -67.43% |
| Current Drawdown | -5.76% | -6.22% |
Correlation
The correlation between MEDI and CTRE is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MEDI vs. CTRE - Performance Comparison
In the year-to-date period, MEDI achieves a 7.89% return, which is significantly lower than CTRE's 42.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MEDI vs. CTRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) and CareTrust REIT, Inc. (CTRE). 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.
Dividends
MEDI vs. CTRE - Dividend Comparison
MEDI's dividend yield for the trailing twelve months is around 0.61%, less than CTRE's 3.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MEDI Harbor Health Care ETF | 0.61% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CTRE CareTrust REIT, Inc. | 3.74% | 5.00% | 5.92% | 4.64% | 4.51% | 4.36% | 5.55% | 5.52% | 4.44% | 5.84% | 48.70% |
Drawdowns
MEDI vs. CTRE - Drawdown Comparison
The maximum MEDI drawdown since its inception was -9.16%, smaller than the maximum CTRE drawdown of -67.43%. Use the drawdown chart below to compare losses from any high point for MEDI and CTRE. For additional features, visit the drawdowns tool.
Volatility
MEDI vs. CTRE - Volatility Comparison
The current volatility for Harbor Health Care ETF (MEDI) is 3.54%, while CareTrust REIT, Inc. (CTRE) has a volatility of 9.10%. This indicates that MEDI experiences smaller price fluctuations and is considered to be less risky than CTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.