OHI vs. FEZ

Last updated Jun 13, 2026

OHI (Omega Healthcare Investors, Inc.) is a stock, while FEZ (State Street SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, OHI returned 11.91%/yr vs 11.34%/yr for FEZ. At a 0.35 correlation, their price movements are largely independent.

Performance

OHI vs. FEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Omega Healthcare Investors, Inc. (OHI) and State Street SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OHI achieves a 6.29% return, which is significantly lower than FEZ's 7.29% return. Both investments have delivered pretty close results over the past 10 years, with OHI having a 11.91% annualized return and FEZ not far behind at 11.34%.

OHI

• 1D: 1.08%
• 1M: -3.30%
• YTD: 6.29%
• 6M: 7.19%
• 1Y: 31.58%
• 3Y*: 22.48%
• 5Y*: 12.56%
• 10Y*: 11.91%

FEZ

• 1D: 0.09%
• 1M: 6.20%
• YTD: 7.29%
• 6M: 8.07%
• 1Y: 19.95%
• 3Y*: 17.98%
• 5Y*: 10.21%
• 10Y*: 11.34%

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

OHI vs. FEZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OHI Omega Healthcare Investors, Inc.	6.29%	25.52%	33.57%	19.93%	3.50%	-12.06%	-6.81%	29.01%	40.06%	-4.70%
FEZ State Street SPDR EURO STOXX 50 ETF	7.29%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%

Correlation

The correlation between OHI and FEZ is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 21, 2002	0.35

The correlation between OHI and FEZ shifts across timeframes, from -0.02 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OHI vs. FEZ — Risk / Return Rank

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

OHI

OHI Risk / Return Rank: 83
OHI Sharpe Ratio Rank: 85
OHI Sortino Ratio Rank: 83
OHI Omega Ratio Rank: 80
OHI Calmar Ratio Rank: 83
OHI Martin Ratio Rank: 85

FEZ

FEZ Risk / Return Rank: 30
FEZ Sharpe Ratio Rank: 30
FEZ Sortino Ratio Rank: 30
FEZ Omega Ratio Rank: 28
FEZ Calmar Ratio Rank: 30
FEZ Martin Ratio Rank: 34

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.

OHI vs. FEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Omega Healthcare Investors, Inc. (OHI) and State Street SPDR EURO STOXX 50 ETF (FEZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OHI	FEZ	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.96	+0.64
Sortino ratio: Return per unit of downside risk	2.40	1.45	+0.95
Omega ratio: Gain probability vs. loss probability	1.29	1.17	+0.11
Calmar ratio: Return relative to maximum drawdown	2.92	1.29	+1.63
Martin ratio: Return relative to average drawdown	7.97	4.40	+3.57

OHI vs. FEZ - Sharpe Ratio Comparison

The current OHI Sharpe Ratio is 1.60, which is higher than the FEZ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of OHI and FEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OHI vs. FEZ - Drawdown Comparison

The maximum OHI drawdown since its inception was -94.85%, which is greater than FEZ's maximum drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for OHI and FEZ.

Drawdown Indicators

	OHI	FEZ	Difference
Max Drawdown Largest peak-to-trough decline	-94.85%	-64.21%	-30.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-13.63%	+2.77%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-15.85%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-26.70%	-35.05%	+8.35%
Max Drawdown (10Y) Largest decline over 10 years	-66.92%	-39.69%	-27.23%
Current Drawdown Current decline from peak	-6.57%	-0.37%	-6.20%
Average Drawdown Average peak-to-trough decline	-24.04%	-17.05%	-6.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	4.01%	-0.04%

Volatility

OHI vs. FEZ - Volatility Comparison

Omega Healthcare Investors, Inc. (OHI) has a higher volatility of 7.52% compared to State Street SPDR EURO STOXX 50 ETF (FEZ) at 6.57%. This indicates that OHI's price experiences larger fluctuations and is considered to be riskier than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OHI	FEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	6.57%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	15.17%	15.48%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	19.86%	18.45%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	20.70%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.27%	21.11%	+13.16%

Dividends

OHI vs. FEZ - Dividend Comparison

OHI's dividend yield for the trailing twelve months is around 5.86%, more than FEZ's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEZ State Street SPDR EURO STOXX 50 ETF	2.52%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
OHI Omega Healthcare Investors, Inc.	5.86%	6.04%	7.08%	8.74%	9.59%	9.06%	7.38%	6.26%	7.51%	9.22%	7.55%	6.23%

Frequently Asked Questions

Can I hold both OHI and FEZ in my portfolio?

OHI and FEZ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OHI or FEZ?

OHI has higher volatility (7.52%) compared to FEZ (6.57%). In terms of maximum drawdown, OHI dropped -94.85% vs FEZ's -64.21%.

Which has better risk-adjusted returns?

OHI currently has the higher Sharpe Ratio (1.60 vs 0.96), 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.