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NHI vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

NHI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Health Investors, Inc. (NHI) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
20.52%
12.15%
NHI
SPY

Returns By Period

In the year-to-date period, NHI achieves a 43.60% return, which is significantly higher than SPY's 25.41% return. Over the past 10 years, NHI has underperformed SPY with an annualized return of 7.71%, while SPY has yielded a comparatively higher 13.07% annualized return.


NHI

YTD

43.60%

1M

3.27%

6M

20.52%

1Y

52.01%

5Y (annualized)

6.01%

10Y (annualized)

7.71%

SPY

YTD

25.41%

1M

1.18%

6M

12.15%

1Y

32.04%

5Y (annualized)

15.51%

10Y (annualized)

13.07%

Key characteristics


NHISPY
Sharpe Ratio2.462.62
Sortino Ratio3.283.50
Omega Ratio1.401.49
Calmar Ratio1.973.78
Martin Ratio13.3017.00
Ulcer Index3.84%1.87%
Daily Std Dev20.77%12.14%
Max Drawdown-83.30%-55.19%
Current Drawdown-8.43%-1.38%

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Correlation

-0.50.00.51.00.4

The correlation between NHI and SPY is 0.38, 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.

Risk-Adjusted Performance

NHI vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for National Health Investors, Inc. (NHI) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for NHI, currently valued at 2.46, compared to the broader market-4.00-2.000.002.004.002.462.62
The chart of Sortino ratio for NHI, currently valued at 3.28, compared to the broader market-4.00-2.000.002.004.003.283.50
The chart of Omega ratio for NHI, currently valued at 1.40, compared to the broader market0.501.001.502.001.401.49
The chart of Calmar ratio for NHI, currently valued at 1.97, compared to the broader market0.002.004.006.001.973.78
The chart of Martin ratio for NHI, currently valued at 13.30, compared to the broader market-10.000.0010.0020.0030.0013.3017.00
NHI
SPY

The current NHI Sharpe Ratio is 2.46, which is comparable to the SPY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of NHI and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.46
2.62
NHI
SPY

Dividends

NHI vs. SPY - Dividend Comparison

NHI's dividend yield for the trailing twelve months is around 4.67%, more than SPY's 1.19% yield.


TTM20232022202120202019201820172016201520142013
NHI
National Health Investors, Inc.
4.67%6.45%6.89%6.62%6.38%5.15%5.30%5.04%4.85%5.59%4.40%5.56%
SPY
SPDR S&P 500 ETF
1.19%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

NHI vs. SPY - Drawdown Comparison

The maximum NHI drawdown since its inception was -83.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NHI and SPY. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-8.43%
-1.38%
NHI
SPY

Volatility

NHI vs. SPY - Volatility Comparison

National Health Investors, Inc. (NHI) has a higher volatility of 7.02% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that NHI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
7.02%
4.09%
NHI
SPY