OHI vs. SPY
Compare and contrast key facts about Omega Healthcare Investors, Inc. (OHI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OHI or SPY.
Key characteristics
| OHI | SPY | |
|---|---|---|
| YTD Return | 6.66% | 6.58% |
| 1Y Return | 17.43% | 25.57% |
| 3Y Return (Ann) | 2.36% | 8.08% |
| 5Y Return (Ann) | 5.87% | 13.25% |
| 10Y Return (Ann) | 6.79% | 12.38% |
| Sharpe Ratio | 1.27 | 2.13 |
| Daily Std Dev | 22.38% | 11.60% |
| Max Drawdown | -94.61% | -55.19% |
| Current Drawdown | -3.28% | -3.47% |
Correlation
The correlation between OHI and SPY is 0.35, 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.
Performance
OHI vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with OHI having a 6.66% return and SPY slightly lower at 6.58%. Over the past 10 years, OHI has underperformed SPY with an annualized return of 6.79%, while SPY has yielded a comparatively higher 12.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OHI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Omega Healthcare Investors, Inc. (OHI) 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.
Dividends
OHI vs. SPY - Dividend Comparison
OHI's dividend yield for the trailing twelve months is around 8.57%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OHI Omega Healthcare Investors, Inc. | 8.57% | 8.74% | 9.59% | 9.06% | 7.38% | 6.26% | 7.51% | 9.22% | 7.55% | 6.23% | 5.17% | 6.24% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OHI vs. SPY - Drawdown Comparison
The maximum OHI drawdown since its inception was -94.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OHI and SPY. For additional features, visit the drawdowns tool.
Volatility
OHI vs. SPY - Volatility Comparison
Omega Healthcare Investors, Inc. (OHI) has a higher volatility of 5.70% compared to SPDR S&P 500 ETF (SPY) at 4.03%. This indicates that OHI'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.