SBRA vs. IWMI

Last updated Jun 4, 2026

SBRA (Sabra Health Care REIT, Inc.) is a stock, while IWMI (NEOS Russell 2000 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past year, SBRA returned 10.02% vs 34.38% for IWMI. At a 0.09 correlation, their price movements are largely independent.

Performance

SBRA vs. IWMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sabra Health Care REIT, Inc. (SBRA) and NEOS Russell 2000 High Income ETF (IWMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBRA achieves a -1.66% return, which is significantly lower than IWMI's 13.36% return.

SBRA

• 1D: -2.58%
• 1M: -10.31%
• YTD: -1.66%
• 6M: -3.09%
• 1Y: 10.02%
• 3Y*: 25.72%
• 5Y*: 8.95%
• 10Y*: 6.25%

IWMI

• 1D: -1.02%
• 1M: 3.18%
• YTD: 13.36%
• 6M: 13.24%
• 1Y: 34.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBRA vs. IWMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SBRA Sabra Health Care REIT, Inc.	-1.66%	17.02%	20.82%
IWMI NEOS Russell 2000 High Income ETF	13.36%	14.97%	6.61%

Correlation

The correlation between SBRA and IWMI 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 (All Time) Calculated using the full available price history since Jun 26, 2024	0.09

Return for Risk

SBRA vs. IWMI — Risk / Return Rank

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

SBRA

SBRA Risk / Return Rank: 54
SBRA Sharpe Ratio Rank: 58
SBRA Sortino Ratio Rank: 49
SBRA Omega Ratio Rank: 46
SBRA Calmar Ratio Rank: 56
SBRA Martin Ratio Rank: 62

IWMI

IWMI Risk / Return Rank: 73
IWMI Sharpe Ratio Rank: 69
IWMI Sortino Ratio Rank: 69
IWMI Omega Ratio Rank: 66
IWMI Calmar Ratio Rank: 79
IWMI Martin Ratio Rank: 83

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.

SBRA vs. IWMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sabra Health Care REIT, Inc. (SBRA) and NEOS Russell 2000 High Income ETF (IWMI). 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.

	SBRA	IWMI	Difference
Sharpe ratio: Return per unit of total volatility	0.51	2.33	-1.82
Sortino ratio: Return per unit of downside risk	0.83	3.25	-2.41
Omega ratio: Gain probability vs. loss probability	1.10	1.41	-0.31
Calmar ratio: Return relative to maximum drawdown	0.71	4.11	-3.40
Martin ratio: Return relative to average drawdown	2.39	17.09	-14.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBRA vs. IWMI - Sharpe Ratio Comparison

The current SBRA Sharpe Ratio is 0.51, which is lower than the IWMI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SBRA and IWMI, 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

	SBRA	IWMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	2.33	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	1.04	-1.01

Drawdowns

SBRA vs. IWMI - Drawdown Comparison

The maximum SBRA drawdown since its inception was -99.49%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SBRA and IWMI.

Drawdown Indicators

	SBRA	IWMI	Difference
Max Drawdown Largest peak-to-trough decline	-99.49%	-23.88%	-75.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.10%	-8.40%	-5.70%
Max Drawdown (3Y) Largest decline over 3 years	-16.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.93%	—	—
Current Drawdown Current decline from peak	-14.10%	-1.02%	-13.08%
Average Drawdown Average peak-to-trough decline	-37.73%	-4.12%	-33.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	2.02%	+2.19%

Volatility

SBRA vs. IWMI - Volatility Comparison

Sabra Health Care REIT, Inc. (SBRA) has a higher volatility of 6.77% compared to NEOS Russell 2000 High Income ETF (IWMI) at 4.31%. This indicates that SBRA's price experiences larger fluctuations and is considered to be riskier than IWMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBRA	IWMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.77%	4.31%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	10.74%	+4.14%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	14.84%	+4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.82%	17.89%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.40%	17.89%	+18.51%

Dividends

SBRA vs. IWMI - Dividend Comparison

SBRA's dividend yield for the trailing twelve months is around 6.63%, less than IWMI's 13.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWMI NEOS Russell 2000 High Income ETF	13.52%	14.05%	8.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SBRA Sabra Health Care REIT, Inc.	6.63%	6.34%	6.93%	8.41%	9.65%	8.86%	7.77%	8.43%	10.92%	9.22%	6.84%	7.91%

Frequently Asked Questions

Can I hold both SBRA and IWMI in my portfolio?

SBRA and IWMI 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, SBRA or IWMI?

SBRA has higher volatility (6.77%) compared to IWMI (4.31%). In terms of maximum drawdown, SBRA dropped -99.49% vs IWMI's -23.88%.

Which has better risk-adjusted returns?

IWMI currently has the higher Sharpe Ratio (2.33 vs 0.51), 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.