NHI vs. LTC
NHI (National Health Investors, Inc.) and LTC (LTC Properties, Inc.) are both stocks. Both operate in the REIT - Healthcare Facilities industry within the Real Estate sector. Over the past 10 years, NHI returned 5.67%/yr vs 2.89%/yr for LTC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
NHI vs. LTC - Performance Comparison
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Returns By Period
In the year-to-date period, NHI achieves a -7.92% return, which is significantly lower than LTC's 4.55% return. Over the past 10 years, NHI has outperformed LTC with an annualized return of 5.67%, while LTC has yielded a comparatively lower 2.89% annualized return.
NHI
- 1D
- -2.21%
- 1M
- -8.15%
- YTD
- -7.92%
- 6M
- -9.74%
- 1Y
- 1.59%
- 3Y*
- 15.05%
- 5Y*
- 6.92%
- 10Y*
- 5.67%
LTC
- 1D
- -2.45%
- 1M
- -7.84%
- YTD
- 4.55%
- 6M
- 1.42%
- 1Y
- 6.43%
- 3Y*
- 8.96%
- 5Y*
- 4.44%
- 10Y*
- 2.89%
NHI vs. LTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NHI National Health Investors, Inc. | -7.92% | 15.69% | 30.71% | 14.57% | -3.26% | -11.74% | -8.67% | 13.67% | 5.93% | 6.88% |
LTC LTC Properties, Inc. | 4.55% | 6.17% | 14.94% | -3.25% | 10.52% | -6.77% | -7.56% | 12.79% | 1.12% | -2.74% |
Correlation
The correlation between NHI and LTC is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 1992 | 0.51 |
The correlation between NHI and LTC shifts across timeframes, from 0.51 (all time) to 0.80 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NHI:
$3.38B
LTC:
$1.72B
NHI:
$3.12
LTC:
$2.58
NHI:
22.32
LTC:
13.61
NHI:
0.20
LTC:
0.66
NHI:
8.21
LTC:
5.32
NHI:
2.23
LTC:
1.55
NHI:
$402.19M
LTC:
$309.23M
NHI:
$210.78M
LTC:
$246.28M
NHI:
$233.74M
LTC:
$204.19M
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Return for Risk
NHI vs. LTC — Risk / Return Rank
NHI
LTC
NHI vs. LTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Health Investors, Inc. (NHI) and LTC Properties, Inc. (LTC). 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.
| NHI | LTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.08 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.55 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.23 | 1.75 | -1.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NHI | LTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | 0.37 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.21 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.11 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.35 | +0.04 |
Drawdowns
NHI vs. LTC - Drawdown Comparison
The maximum NHI drawdown since its inception was -82.88%, roughly equal to the maximum LTC drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for NHI and LTC.
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Drawdown Indicators
| NHI | LTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -80.13% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -22.74% | -11.82% | -10.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | -14.50% | -8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -27.80% | +2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -51.41% | -11.63% |
Current DrawdownCurrent decline from peak | -22.74% | -11.82% | -10.92% |
Average DrawdownAverage peak-to-trough decline | -15.01% | -15.97% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.81% | 3.68% | +3.13% |
Volatility
NHI vs. LTC - Volatility Comparison
National Health Investors, Inc. (NHI) has a higher volatility of 7.15% compared to LTC Properties, Inc. (LTC) at 5.54%. This indicates that NHI's price experiences larger fluctuations and is considered to be riskier than LTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHI | LTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 5.54% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 14.04% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 17.64% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.59% | 20.86% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.96% | 27.07% | +3.89% |
Dividends
NHI vs. LTC - Dividend Comparison
NHI's dividend yield for the trailing twelve months is around 5.26%, less than LTC's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTC LTC Properties, Inc. | 6.50% | 6.63% | 6.60% | 7.10% | 6.42% | 6.68% | 5.86% | 5.09% | 5.47% | 5.24% | 4.66% | 4.80% |
NHI National Health Investors, Inc. | 5.26% | 4.77% | 5.19% | 6.45% | 6.89% | 6.62% | 6.38% | 5.15% | 5.30% | 5.04% | 4.85% | 5.59% |
Financials
NHI vs. LTC - Financials Comparison
This section allows you to compare key financial metrics between National Health Investors, Inc. and LTC Properties, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NHI vs. LTC - Profitability Comparison
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%.
LTC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LTC Properties, Inc. reported a gross profit of 94.72M and revenue of 95.41M. Therefore, the gross margin over that period was 99.3%.
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%.
LTC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LTC Properties, Inc. reported an operating income of 58.52M and revenue of 95.41M, resulting in an operating margin of 61.3%.
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%.
LTC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LTC Properties, Inc. reported a net income of 23.59M and revenue of 95.41M, resulting in a net margin of 24.7%.
Frequently Asked Questions
NHI and LTC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHI has higher volatility (7.15%) compared to LTC (5.54%). In terms of maximum drawdown, NHI dropped -82.88% vs LTC's -80.13%.
LTC currently has the higher Sharpe Ratio (0.37 vs 0.07), 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.
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