MEDI vs. CTRE

Last updated Jun 4, 2026

MEDI (Harbor Health Care ETF) is Health & Biotech Equities fund actively managed by Harbor, while CTRE (CareTrust REIT, Inc.) is a stock. Over the past 3 years, MEDI returned 12.46%/yr vs 30.22%/yr for CTRE. At a 0.24 correlation, their price movements are largely independent.

Performance

MEDI vs. CTRE - Performance Comparison

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

Returns By Period

In the year-to-date period, MEDI achieves a -4.02% return, which is significantly lower than CTRE's 6.30% return.

MEDI

• 1D: 1.06%
• 1M: -0.93%
• YTD: -4.02%
• 6M: -4.83%
• 1Y: 18.27%
• 3Y*: 12.46%
• 5Y*: —
• 10Y*: —

CTRE

• 1D: -1.81%
• 1M: -3.72%
• YTD: 6.30%
• 6M: 2.89%
• 1Y: 37.48%
• 3Y*: 30.22%
• 5Y*: 15.96%
• 10Y*: 16.26%

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

MEDI vs. CTRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MEDI Harbor Health Care ETF	-4.02%	27.11%	0.58%	24.87%	2.60%
CTRE CareTrust REIT, Inc.	6.30%	39.35%	26.31%	27.31%	0.58%

Correlation

The correlation between MEDI and CTRE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022	0.24

Return for Risk

MEDI vs. CTRE — Risk / Return Rank

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

MEDI

MEDI Risk / Return Rank: 26
MEDI Sharpe Ratio Rank: 26
MEDI Sortino Ratio Rank: 27
MEDI Omega Ratio Rank: 24
MEDI Calmar Ratio Rank: 25
MEDI Martin Ratio Rank: 26

CTRE

CTRE Risk / Return Rank: 82
CTRE Sharpe Ratio Rank: 82
CTRE Sortino Ratio Rank: 77
CTRE Omega Ratio Rank: 77
CTRE Calmar Ratio Rank: 82
CTRE Martin Ratio Rank: 89

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.

MEDI vs. CTRE - Risk-Adjusted Trends 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.

	MEDI	CTRE	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.59	-0.67
Sortino ratio Return per unit of downside risk	1.46	2.16	-0.70
Omega ratio Gain probability vs. loss probability	1.17	1.28	-0.12
Calmar ratio Return relative to maximum drawdown	1.20	3.07	-1.88
Martin ratio Return relative to average drawdown	3.59	11.61	-8.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEDI vs. CTRE - Sharpe Ratio Comparison

The current MEDI Sharpe Ratio is 0.93, which is lower than the CTRE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of MEDI and CTRE, 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

	MEDI	CTRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.59	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.43	+0.31

Drawdowns

MEDI vs. CTRE - Drawdown Comparison

The maximum MEDI drawdown since its inception was -19.24%, 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.

Drawdown Indicators

	MEDI	CTRE	Difference
Max Drawdown Largest peak-to-trough decline	-19.24%	-67.43%	+48.19%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-12.25%	-3.09%
Max Drawdown (3Y) Largest decline over 3 years	-19.24%	-23.19%	+3.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.43%	—
Current Drawdown Current decline from peak	-8.01%	-10.39%	+2.38%
Average Drawdown Average peak-to-trough decline	-4.28%	-10.58%	+6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	3.24%	+1.86%

Volatility

MEDI vs. CTRE - Volatility Comparison

The current volatility for Harbor Health Care ETF (MEDI) is 6.02%, while CareTrust REIT, Inc. (CTRE) has a volatility of 9.26%. 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.

Volatility by Period

	MEDI	CTRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	9.26%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	15.42%	19.20%	-3.78%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	23.63%	-3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	24.48%	-5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.63%	35.32%	-16.69%

Dividends

MEDI vs. CTRE - Dividend Comparison

MEDI's dividend yield for the trailing twelve months is around 0.29%, less than CTRE's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTRE CareTrust REIT, Inc.	3.67%	3.71%	4.29%	5.00%	5.92%	4.64%	4.51%	4.36%	4.44%	4.42%	4.44%	5.84%
MEDI Harbor Health Care ETF	0.29%	0.28%	0.54%	1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEDI and CTRE in my portfolio?

MEDI and CTRE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEDI or CTRE?

CTRE has higher volatility (9.26%) compared to MEDI (6.02%). In terms of maximum drawdown, MEDI dropped -19.24% vs CTRE's -67.43%.

Which has better risk-adjusted returns?

CTRE currently has the higher Sharpe Ratio (1.59 vs 0.93), 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.