OHI vs. SBRA

Last updated Jun 3, 2026

OHI (Omega Healthcare Investors, Inc.) and SBRA (Sabra Health Care REIT, Inc.) are both stocks. Both operate in the REIT - Healthcare Facilities industry within the Real Estate sector. Over the past 10 years, OHI returned 11.76%/yr vs 6.53%/yr for SBRA. At a 0.48 correlation, their price movements are largely independent.

Performance

OHI vs. SBRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Omega Healthcare Investors, Inc. (OHI) and Sabra Health Care REIT, Inc. (SBRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OHI achieves a 4.06% return, which is significantly higher than SBRA's 0.95% return. Over the past 10 years, OHI has outperformed SBRA with an annualized return of 11.76%, while SBRA has yielded a comparatively lower 6.53% annualized return.

OHI

• 1D: -1.26%
• 1M: -3.24%
• YTD: 4.06%
• 6M: 0.26%
• 1Y: 28.68%
• 3Y*: 22.92%
• 5Y*: 12.22%
• 10Y*: 11.76%

SBRA

• 1D: -2.52%
• 1M: -7.48%
• YTD: 0.95%
• 6M: -1.50%
• 1Y: 13.01%
• 3Y*: 26.82%
• 5Y*: 9.30%
• 10Y*: 6.53%

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

OHI vs. SBRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OHI Omega Healthcare Investors, Inc.	4.06%	25.52%	33.57%	19.93%	3.50%	-12.06%	-6.81%	29.01%	40.06%	-4.70%
SBRA Sabra Health Care REIT, Inc.	0.95%	17.02%	31.23%	26.26%	0.38%	-16.16%	-11.33%	41.14%	-3.73%	-16.83%

Correlation

The correlation between OHI and SBRA is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 3, 2002	0.48

Over the past year, OHI and SBRA have become more correlated (0.72) than their long-term average of 0.48, meaning their price movements have been converging.

Fundamentals

EPS OHI : $2.79 SBRA : $0.63
PE Ratio OHI : 16.03 SBRA : 29.70
PEG Ratio OHI : 1.50 SBRA : 0.15
PS Ratio OHI : 8.36 SBRA : 5.67
Total Revenue (TTM) OHI : $1.24B SBRA : $812.84M
Gross Profit (TTM) OHI : $739.29M SBRA : $379.92M
EBITDA (TTM) OHI : $1.21B SBRA : $438.08M

Return for Risk

OHI vs. SBRA — Risk / Return Rank

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

OHI

OHI Risk / Return Rank: 80
OHI Sharpe Ratio Rank: 81
OHI Sortino Ratio Rank: 78
OHI Omega Ratio Rank: 76
OHI Calmar Ratio Rank: 82
OHI Martin Ratio Rank: 83

SBRA

SBRA Risk / Return Rank: 59
SBRA Sharpe Ratio Rank: 62
SBRA Sortino Ratio Rank: 54
SBRA Omega Ratio Rank: 51
SBRA Calmar Ratio Rank: 62
SBRA Martin Ratio Rank: 67

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. SBRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Omega Healthcare Investors, Inc. (OHI) and Sabra Health Care REIT, Inc. (SBRA). 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	SBRA	Difference
Sharpe ratio Return per unit of total volatility	1.50	0.67	+0.83
Sortino ratio Return per unit of downside risk	2.24	1.04	+1.20
Omega ratio Gain probability vs. loss probability	1.27	1.12	+0.15
Calmar ratio Return relative to maximum drawdown	3.05	1.07	+1.98
Martin ratio Return relative to average drawdown	7.80	3.16	+4.64
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. SBRA - Sharpe Ratio Comparison

The current OHI Sharpe Ratio is 1.50, which is higher than the SBRA Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of OHI and SBRA, 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	SBRA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	0.67	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.35	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.18	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.04	+0.23

Drawdowns

OHI vs. SBRA - Drawdown Comparison

The maximum OHI drawdown since its inception was -94.85%, roughly equal to the maximum SBRA drawdown of -99.49%. Use the drawdown chart below to compare losses from any high point for OHI and SBRA.

Drawdown Indicators

	OHI	SBRA	Difference
Max Drawdown Largest peak-to-trough decline	-94.85%	-99.49%	+4.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-12.18%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-16.78%	+1.31%
Max Drawdown (5Y) Largest decline over 5 years	-27.26%	-36.79%	+9.53%
Max Drawdown (10Y) Largest decline over 10 years	-66.92%	-74.93%	+8.01%
Current Drawdown Current decline from peak	-8.53%	-11.82%	+3.29%
Average Drawdown Average peak-to-trough decline	-24.06%	-37.74%	+13.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	4.11%	-0.41%

Volatility

OHI vs. SBRA - Volatility Comparison

The current volatility for Omega Healthcare Investors, Inc. (OHI) is 5.84%, while Sabra Health Care REIT, Inc. (SBRA) has a volatility of 6.46%. This indicates that OHI experiences smaller price fluctuations and is considered to be less risky than SBRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OHI	SBRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	6.46%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	14.70%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.22%	19.59%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	26.81%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.24%	36.40%	-2.16%

Dividends

OHI vs. SBRA - Dividend Comparison

OHI's dividend yield for the trailing twelve months is around 5.98%, less than SBRA's 6.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OHI Omega Healthcare Investors, Inc.	5.98%	6.04%	7.08%	8.74%	9.59%	9.06%	7.38%	6.26%	7.51%	9.22%	7.55%	6.23%
SBRA Sabra Health Care REIT, Inc.	6.46%	6.34%	6.93%	8.41%	9.65%	8.86%	7.77%	8.43%	10.92%	9.22%	6.84%	7.91%

Financials

OHI vs. SBRA - Profitability Comparison

The chart below illustrates the profitability comparison between Omega Healthcare Investors, Inc. and Sabra Health Care REIT, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OHI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Omega Healthcare Investors, Inc. reported a gross profit of 0.00 and revenue of 322.96M. Therefore, the gross margin over that period was 0.0%.

SBRA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sabra Health Care REIT, Inc. reported a gross profit of 0.00 and revenue of 221.75M. Therefore, the gross margin over that period was 0.0%.

OHI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Omega Healthcare Investors, Inc. reported an operating income of 0.00 and revenue of 322.96M, resulting in an operating margin of 0.0%.

SBRA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sabra Health Care REIT, Inc. reported an operating income of 0.00 and revenue of 221.75M, resulting in an operating margin of 0.0%.

OHI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Omega Healthcare Investors, Inc. reported a net income of 165.02M and revenue of 322.96M, resulting in a net margin of 51.1%.

SBRA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sabra Health Care REIT, Inc. reported a net income of 39.95M and revenue of 221.75M, resulting in a net margin of 18.0%.

Frequently Asked Questions

Can I hold both OHI and SBRA in my portfolio?

OHI and SBRA have a correlation of 0.72, 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 SBRA?

SBRA has higher volatility (6.46%) compared to OHI (5.84%). In terms of maximum drawdown, OHI dropped -94.85% vs SBRA's -99.49%.

Which has better risk-adjusted returns?

OHI currently has the higher Sharpe Ratio (1.50 vs 0.67), 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.