RNEM vs. OHI

Last updated Jun 24, 2026

RNEM (First Trust Emerging Markets Equity Select ETF) is Emerging Markets Equities fund tracking the Nasdaq Riskalyze Emerging Markets Equity Select Index, while OHI (Omega Healthcare Investors, Inc.) is a stock. Over the past 5 years, RNEM returned 4.54%/yr vs 13.63%/yr for OHI. At a 0.17 correlation, their price movements are largely independent.

Performance

RNEM vs. OHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets Equity Select ETF (RNEM) and Omega Healthcare Investors, Inc. (OHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNEM achieves a -0.01% return, which is significantly lower than OHI's 7.78% return.

RNEM

• 1D: -1.32%
• 1M: 1.05%
• YTD: -0.01%
• 6M: -0.61%
• 1Y: 4.82%
• 3Y*: 7.54%
• 5Y*: 4.54%
• 10Y*: —

OHI

• 1D: 2.90%
• 1M: -3.11%
• YTD: 7.78%
• 6M: 8.96%
• 1Y: 32.42%
• 3Y*: 24.28%
• 5Y*: 13.63%
• 10Y*: 12.15%

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

RNEM vs. OHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNEM First Trust Emerging Markets Equity Select ETF	-0.01%	15.58%	-1.47%	23.43%	-8.75%	6.16%	-8.16%	12.76%	-9.34%	11.97%
OHI Omega Healthcare Investors, Inc.	7.78%	25.52%	33.57%	19.93%	3.50%	-12.06%	-6.81%	29.01%	40.06%	-14.75%

Correlation

The correlation between RNEM and OHI 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	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 23, 2017	0.17

The correlation between RNEM and OHI shifts across timeframes, from 0.02 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RNEM vs. OHI — Risk / Return Rank

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

RNEM

RNEM Risk / Return Rank: 13
RNEM Sharpe Ratio Rank: 14
RNEM Sortino Ratio Rank: 13
RNEM Omega Ratio Rank: 13
RNEM Calmar Ratio Rank: 14
RNEM Martin Ratio Rank: 13

OHI

OHI Risk / Return Rank: 83
OHI Sharpe Ratio Rank: 84
OHI Sortino Ratio Rank: 83
OHI Omega Ratio Rank: 80
OHI Calmar Ratio Rank: 83
OHI Martin Ratio Rank: 84

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.

RNEM vs. OHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Equity Select ETF (RNEM) and Omega Healthcare Investors, Inc. (OHI). 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.

	RNEM	OHI	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.63	-1.28
Sortino ratio: Return per unit of downside risk	0.61	2.47	-1.86
Omega ratio: Gain probability vs. loss probability	1.07	1.29	-0.22
Calmar ratio: Return relative to maximum drawdown	0.45	3.00	-2.55
Martin ratio: Return relative to average drawdown	1.00	7.85	-6.85

RNEM vs. OHI - Sharpe Ratio Comparison

The current RNEM Sharpe Ratio is 0.36, which is lower than the OHI Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of RNEM and OHI, 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

RNEM vs. OHI - Drawdown Comparison

The maximum RNEM drawdown since its inception was -38.38%, smaller than the maximum OHI drawdown of -94.85%. Use the drawdown chart below to compare losses from any high point for RNEM and OHI.

Drawdown Indicators

	RNEM	OHI	Difference
Max Drawdown Largest peak-to-trough decline	-38.38%	-94.85%	+56.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-10.86%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-13.09%	-15.47%	+2.38%
Max Drawdown (5Y) Largest decline over 5 years	-21.41%	-26.70%	+5.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.92%	—
Current Drawdown Current decline from peak	-6.06%	-5.27%	-0.79%
Average Drawdown Average peak-to-trough decline	-9.28%	-24.03%	+14.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	4.15%	+0.68%

Volatility

RNEM vs. OHI - Volatility Comparison

The current volatility for First Trust Emerging Markets Equity Select ETF (RNEM) is 4.04%, while Omega Healthcare Investors, Inc. (OHI) has a volatility of 7.97%. This indicates that RNEM experiences smaller price fluctuations and is considered to be less risky than OHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNEM	OHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	7.97%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	15.48%	-4.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	19.94%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.47%	24.27%	-9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	34.30%	-17.09%

Dividends

RNEM vs. OHI - Dividend Comparison

RNEM's dividend yield for the trailing twelve months is around 2.75%, less than OHI's 5.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OHI Omega Healthcare Investors, Inc.	5.77%	6.04%	7.08%	8.74%	9.59%	9.06%	7.38%	6.26%	7.51%	9.22%	7.55%	6.23%
RNEM First Trust Emerging Markets Equity Select ETF	2.75%	2.75%	3.45%	1.63%	2.99%	3.20%	3.01%	2.85%	2.85%	2.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RNEM and OHI in my portfolio?

RNEM and OHI 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, RNEM or OHI?

OHI has higher volatility (7.97%) compared to RNEM (4.04%). In terms of maximum drawdown, RNEM dropped -38.38% vs OHI's -94.85%.

Which has better risk-adjusted returns?

OHI currently has the higher Sharpe Ratio (1.63 vs 0.36), 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.