UHT vs. NHI

Last updated Jun 4, 2026

UHT (Universal Health Realty Income Trust) and NHI (National Health Investors, Inc.) are both stocks. Both operate in the REIT - Healthcare Facilities industry within the Real Estate sector. Over the past 10 years, UHT returned 1.77%/yr vs 5.67%/yr for NHI. At a 0.46 correlation, their price movements are largely independent.

Performance

UHT vs. NHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Universal Health Realty Income Trust (UHT) and National Health Investors, Inc. (NHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UHT achieves a 3.28% return, which is significantly higher than NHI's -7.92% return. Over the past 10 years, UHT has underperformed NHI with an annualized return of 1.77%, while NHI has yielded a comparatively higher 5.67% annualized return.

UHT

• 1D: -2.09%
• 1M: -0.28%
• YTD: 3.28%
• 6M: 1.55%
• 1Y: 4.99%
• 3Y*: 2.68%
• 5Y*: -5.04%
• 10Y*: 1.77%

NHI

• 1D: -2.21%
• 1M: -8.15%
• YTD: -7.92%
• 6M: -9.74%
• 1Y: 1.59%
• 3Y*: 15.05%
• 5Y*: 6.92%
• 10Y*: 5.67%

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

UHT vs. NHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UHT Universal Health Realty Income Trust	3.28%	13.29%	-7.45%	-3.63%	-15.25%	-3.35%	-43.24%	96.94%	-14.89%	18.83%
NHI National Health Investors, Inc.	-7.92%	15.69%	30.71%	14.57%	-3.26%	-11.74%	-8.67%	13.67%	5.93%	6.88%

Correlation

The correlation between UHT and NHI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Oct 10, 1991	0.46

The correlation between UHT and NHI shifts across timeframes, from 0.46 (all time) to 0.63 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UHT : $551.53M NHI : $3.38B
EPS UHT : $1.29 NHI : $3.12
PE Ratio UHT : 30.87 NHI : 22.32
PS Ratio UHT : 4.44 NHI : 8.21
PB Ratio UHT : 3.73 NHI : 2.23
Total Revenue (TTM) UHT : $124.13M NHI : $402.19M
Gross Profit (TTM) UHT : $117.21M NHI : $210.78M
EBITDA (TTM) UHT : $55.15M NHI : $233.74M

Return for Risk

UHT vs. NHI — Risk / Return Rank

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

UHT

UHT Risk / Return Rank: 46
UHT Sharpe Ratio Rank: 49
UHT Sortino Ratio Rank: 40
UHT Omega Ratio Rank: 40
UHT Calmar Ratio Rank: 48
UHT Martin Ratio Rank: 51

NHI

NHI Risk / Return Rank: 40
NHI Sharpe Ratio Rank: 43
NHI Sortino Ratio Rank: 36
NHI Omega Ratio Rank: 35
NHI Calmar Ratio Rank: 42
NHI Martin Ratio Rank: 43

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.

UHT vs. NHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Universal Health Realty Income Trust (UHT) and National Health Investors, Inc. (NHI). 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.

	UHT	NHI	Difference
Sharpe ratio Return per unit of total volatility	0.24	0.07	+0.16
Sortino ratio Return per unit of downside risk	0.46	0.24	+0.22
Omega ratio Gain probability vs. loss probability	1.06	1.03	+0.03
Calmar ratio Return relative to maximum drawdown	0.35	0.07	+0.28
Martin ratio Return relative to average drawdown	0.93	0.23	+0.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UHT vs. NHI - Sharpe Ratio Comparison

The current UHT Sharpe Ratio is 0.24, which is higher than the NHI Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of UHT and NHI, 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

	UHT	NHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	0.07	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.29	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	0.18	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.39	+0.03

Drawdowns

UHT vs. NHI - Drawdown Comparison

The maximum UHT drawdown since its inception was -69.20%, smaller than the maximum NHI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for UHT and NHI.

Drawdown Indicators

	UHT	NHI	Difference
Max Drawdown Largest peak-to-trough decline	-69.20%	-82.88%	+13.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.43%	-22.74%	+8.31%
Max Drawdown (3Y) Largest decline over 3 years	-30.63%	-22.74%	-7.89%
Max Drawdown (5Y) Largest decline over 5 years	-47.84%	-25.68%	-22.16%
Max Drawdown (10Y) Largest decline over 10 years	-69.20%	-63.04%	-6.16%
Current Drawdown Current decline from peak	-56.33%	-22.74%	-33.59%
Average Drawdown Average peak-to-trough decline	-15.31%	-15.01%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	6.81%	-1.45%

Volatility

UHT vs. NHI - Volatility Comparison

The current volatility for Universal Health Realty Income Trust (UHT) is 5.50%, while National Health Investors, Inc. (NHI) has a volatility of 7.15%. This indicates that UHT experiences smaller price fluctuations and is considered to be less risky than NHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UHT	NHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	7.15%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	17.71%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	21.07%	21.41%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.03%	23.59%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.46%	30.96%	+2.50%

Dividends

UHT vs. NHI - Dividend Comparison

UHT's dividend yield for the trailing twelve months is around 7.47%, more than NHI's 5.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NHI National Health Investors, Inc.	5.26%	4.77%	5.19%	6.45%	6.89%	6.62%	6.38%	5.15%	5.30%	5.04%	4.85%	5.59%
UHT Universal Health Realty Income Trust	7.47%	7.55%	7.85%	6.66%	5.95%	4.71%	4.29%	2.32%	4.37%	3.51%	3.96%	5.12%

Financials

Frequently Asked Questions

Can I hold both UHT and NHI in my portfolio?

UHT and NHI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UHT or NHI?

NHI has higher volatility (7.15%) compared to UHT (5.50%). In terms of maximum drawdown, UHT dropped -69.20% vs NHI's -82.88%.

Which has better risk-adjusted returns?

UHT currently has the higher Sharpe Ratio (0.24 vs 0.07), 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.