OHI vs. GMG.AX

Last updated Jun 9, 2026

OHI (Omega Healthcare Investors, Inc.) and GMG.AX (Goodman Group) are both stocks. Both are in the Real Estate sector — OHI in REIT - Healthcare Facilities, GMG.AX in Real Estate - Diversified. Over the past 10 years, OHI returned 11.37%/yr vs 17.34%/yr for GMG.AX. At a 0.11 correlation, their price movements are largely independent.

Performance

OHI vs. GMG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Omega Healthcare Investors, Inc. (OHI) and Goodman Group (GMG.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

OHI is traded in USD, while GMG.AX is traded in AUD. To make them comparable, the GMG.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, OHI achieves a 1.72% return, which is significantly lower than GMG.AX's 7.72% return. Over the past 10 years, OHI has underperformed GMG.AX with an annualized return of 11.37%, while GMG.AX has yielded a comparatively higher 17.34% annualized return.

OHI

• 1D: -1.51%
• 1M: -7.18%
• YTD: 1.72%
• 6M: -1.29%
• 1Y: 24.57%
• 3Y*: 20.56%
• 5Y*: 11.79%
• 10Y*: 11.37%

GMG.AX

• 1D: -1.56%
• 1M: 1.61%
• YTD: 7.72%
• 6M: 14.22%
• 1Y: 3.17%
• 3Y*: 19.69%
• 5Y*: 8.48%
• 10Y*: 17.34%

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

OHI vs. GMG.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OHI Omega Healthcare Investors, Inc.	1.72%	25.52%	33.57%	19.93%	3.50%	-12.06%	-6.81%	29.01%	40.06%	-4.70%
GMG.AX Goodman Group	7.72%	-5.42%	28.55%	47.61%	-37.57%	33.35%	56.45%	26.69%	17.26%	32.17%

Correlation

The correlation between OHI and GMG.AX is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.11

The correlation between OHI and GMG.AX shifts across timeframes, from -0.03 (1 year) to 0.11 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

OHI vs. GMG.AX — Risk / Return Rank

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

OHI

OHI Risk / Return Rank: 77
OHI Sharpe Ratio Rank: 78
OHI Sortino Ratio Rank: 75
OHI Omega Ratio Rank: 72
OHI Calmar Ratio Rank: 78
OHI Martin Ratio Rank: 81

GMG.AX

GMG.AX Risk / Return Rank: 32
GMG.AX Sharpe Ratio Rank: 33
GMG.AX Sortino Ratio Rank: 29
GMG.AX Omega Ratio Rank: 28
GMG.AX Calmar Ratio Rank: 36
GMG.AX Martin Ratio Rank: 35

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. GMG.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Omega Healthcare Investors, Inc. (OHI) and Goodman Group (GMG.AX). 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.

	OHI	GMG.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	0.14	+1.12
Sortino ratio: Return per unit of downside risk	1.94	0.44	+1.50
Omega ratio: Gain probability vs. loss probability	1.23	1.05	+0.18
Calmar ratio: Return relative to maximum drawdown	2.27	0.16	+2.11
Martin ratio: Return relative to average drawdown	6.35	0.38	+5.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OHI vs. GMG.AX - Sharpe Ratio Comparison

The current OHI Sharpe Ratio is 1.27, which is higher than the GMG.AX Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of OHI and GMG.AX, 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

	OHI	GMG.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	0.14	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.28	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.59	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.05	+0.21

Drawdowns

OHI vs. GMG.AX - Drawdown Comparison

The maximum OHI drawdown since its inception was -94.85%, roughly equal to the maximum GMG.AX drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for OHI and GMG.AX.

Drawdown Indicators

	OHI	GMG.AX	Difference
Max Drawdown Largest peak-to-trough decline	-94.85%	-98.16%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-26.03%	+15.17%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-38.74%	+23.27%
Max Drawdown (5Y) Largest decline over 5 years	-27.26%	-48.87%	+21.61%
Max Drawdown (10Y) Largest decline over 10 years	-66.92%	-49.98%	-16.94%
Current Drawdown Current decline from peak	-10.59%	-12.72%	+2.13%
Average Drawdown Average peak-to-trough decline	-24.05%	-54.13%	+30.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	10.87%	-6.97%

Volatility

OHI vs. GMG.AX - Volatility Comparison

The current volatility for Omega Healthcare Investors, Inc. (OHI) is 6.55%, while Goodman Group (GMG.AX) has a volatility of 8.23%. This indicates that OHI experiences smaller price fluctuations and is considered to be less risky than GMG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OHI	GMG.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	8.23%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	14.62%	23.92%	-9.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.48%	28.71%	-9.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	30.09%	-5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.25%	29.40%	+4.85%

Dividends

OHI vs. GMG.AX - Dividend Comparison

OHI's dividend yield for the trailing twelve months is around 6.12%, more than GMG.AX's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMG.AX Goodman Group	0.96%	0.97%	0.42%	1.19%	1.73%	0.74%	0.80%	1.17%	2.75%	3.20%	3.48%	3.67%
OHI Omega Healthcare Investors, Inc.	6.12%	6.04%	7.08%	8.74%	9.59%	9.06%	7.38%	6.26%	7.51%	9.22%	7.55%	6.23%

Financials

Frequently Asked Questions

Can I hold both OHI and GMG.AX in my portfolio?

OHI and GMG.AX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.