NHC vs. ^SP500TR

Last updated Jun 5, 2026

NHC (National HealthCare Corporation) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, NHC returned 14.72%/yr vs 15.58%/yr for ^SP500TR. At a 0.32 correlation, their price movements are largely independent.

Performance

NHC vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National HealthCare Corporation (NHC) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NHC achieves a 37.69% return, which is significantly higher than ^SP500TR's 11.36% return. Over the past 10 years, NHC has underperformed ^SP500TR with an annualized return of 14.72%, while ^SP500TR has yielded a comparatively higher 15.58% annualized return.

NHC

• 1D: 0.85%
• 1M: 12.55%
• YTD: 37.69%
• 6M: 38.84%
• 1Y: 83.72%
• 3Y*: 48.84%
• 5Y*: 24.15%
• 10Y*: 14.72%

^SP500TR

• 1D: 0.42%
• 1M: 4.61%
• YTD: 11.36%
• 6M: 11.27%
• 1Y: 28.58%
• 3Y*: 22.72%
• 5Y*: 14.02%
• 10Y*: 15.58%

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

NHC vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NHC National HealthCare Corporation	37.69%	30.34%	19.05%	60.84%	-9.42%	5.39%	-20.66%	13.02%	32.43%	-17.26%
^SP500TR S&P 500 Total Return	11.36%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Correlation

The correlation between NHC and ^SP500TR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988	0.32

The correlation between NHC and ^SP500TR shifts across timeframes, from 0.25 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

NHC vs. ^SP500TR — Risk / Return Rank

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

NHC

NHC Risk / Return Rank: 92
NHC Sharpe Ratio Rank: 93
NHC Sortino Ratio Rank: 92
NHC Omega Ratio Rank: 90
NHC Calmar Ratio Rank: 94
NHC Martin Ratio Rank: 94

^SP500TR

^SP500TR Risk / Return Rank: 84
^SP500TR Sharpe Ratio Rank: 83
^SP500TR Sortino Ratio Rank: 85
^SP500TR Omega Ratio Rank: 83
^SP500TR Calmar Ratio Rank: 80
^SP500TR Martin Ratio Rank: 90

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.

NHC vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National HealthCare Corporation (NHC) and S&P 500 Total Return (^SP500TR). 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.

	NHC	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.42	+0.22
Sortino ratio: Return per unit of downside risk	3.48	3.30	+0.18
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	6.41	3.23	+3.18
Martin ratio: Return relative to average drawdown	17.14	15.09	+2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NHC vs. ^SP500TR - Sharpe Ratio Comparison

The current NHC Sharpe Ratio is 2.64, which is comparable to the ^SP500TR Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of NHC and ^SP500TR, 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

	NHC	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.42	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.83	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.87	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.65	-0.40

Drawdowns

NHC vs. ^SP500TR - Drawdown Comparison

The maximum NHC drawdown since its inception was -96.33%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for NHC and ^SP500TR.

Drawdown Indicators

	NHC	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-96.33%	-55.25%	-41.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-8.89%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-33.40%	-18.75%	-14.65%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	-24.49%	-8.91%
Max Drawdown (10Y) Largest decline over 10 years	-35.27%	-33.79%	-1.48%
Current Drawdown Current decline from peak	-5.76%	-0.32%	-5.44%
Average Drawdown Average peak-to-trough decline	-26.43%	-8.16%	-18.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	1.90%	+3.00%

Volatility

NHC vs. ^SP500TR - Volatility Comparison

National HealthCare Corporation (NHC) has a higher volatility of 12.75% compared to S&P 500 Total Return (^SP500TR) at 2.87%. This indicates that NHC's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NHC	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.75%	2.87%	+9.88%
Volatility (6M) Calculated over the trailing 6-month period	25.42%	9.00%	+16.42%
Volatility (1Y) Calculated over the trailing 1-year period	31.93%	11.88%	+20.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.72%	16.90%	+10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.18%	18.06%	+10.12%

Frequently Asked Questions

Can I hold both NHC and ^SP500TR in my portfolio?

NHC and ^SP500TR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NHC or ^SP500TR?

NHC has higher volatility (12.75%) compared to ^SP500TR (2.87%). In terms of maximum drawdown, NHC dropped -96.33% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

NHC currently has the higher Sharpe Ratio (2.64 vs 2.42), 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.