VNO vs. SBRA
VNO (Vornado Realty Trust) and SBRA (Sabra Health Care REIT, Inc.) are both stocks. Both are in the Real Estate sector — VNO in REIT - Office, SBRA in REIT - Healthcare Facilities. Over the past 10 years, VNO returned -3.35%/yr vs 7.64%/yr for SBRA. At a 0.37 correlation, their price movements are largely independent.
Performance
VNO vs. SBRA - Performance Comparison
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Returns By Period
In the year-to-date period, VNO achieves a 13.13% return, which is significantly higher than SBRA's 1.28% return. Over the past 10 years, VNO has underperformed SBRA with an annualized return of -3.35%, while SBRA has yielded a comparatively higher 7.64% annualized return.
VNO
- 1D
- 0.19%
- 1M
- 17.73%
- YTD
- 13.13%
- 6M
- 14.06%
- 1Y
- -2.77%
- 3Y*
- 39.61%
- 5Y*
- -1.58%
- 10Y*
- -3.35%
SBRA
- 1D
- 1.97%
- 1M
- -10.09%
- YTD
- 1.28%
- 6M
- 3.46%
- 1Y
- 6.60%
- 3Y*
- 26.66%
- 5Y*
- 8.65%
- 10Y*
- 7.64%
VNO vs. SBRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNO Vornado Realty Trust | 13.13% | -19.09% | 51.32% | 39.50% | -46.66% | 17.78% | -40.43% | 14.93% | -17.75% | -4.53% |
SBRA Sabra Health Care REIT, Inc. | 1.28% | 17.02% | 31.23% | 26.26% | 0.38% | -16.16% | -11.33% | 41.14% | -3.73% | -16.83% |
Correlation
The correlation between VNO and SBRA 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 | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2002 | 0.37 |
Over the past year, the correlation between VNO and SBRA has dropped to 0.02 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Fundamentals
VNO:
$7.14B
SBRA:
$4.77B
VNO:
$4.03
SBRA:
$0.63
VNO:
9.35
SBRA:
29.80
VNO:
0.00
SBRA:
0.15
VNO:
4.03
SBRA:
5.69
VNO:
1.19
SBRA:
1.71
VNO:
$1.81B
SBRA:
$812.84M
VNO:
$1.56B
SBRA:
$379.92M
VNO:
$1.21B
SBRA:
$438.08M
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Return for Risk
VNO vs. SBRA — Risk / Return Rank
VNO
SBRA
VNO vs. SBRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vornado Realty Trust (VNO) 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.
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.
| VNO | SBRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.41 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.13 | 1.30 | -1.43 |
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Drawdowns
VNO vs. SBRA - Drawdown Comparison
The maximum VNO drawdown since its inception was -80.89%, smaller than the maximum SBRA drawdown of -99.49%. Use the drawdown chart below to compare losses from any high point for VNO and SBRA.
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Drawdown Indicators
| VNO | SBRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -99.49% | +18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -16.10% | -25.12% |
Max Drawdown (3Y)Largest decline over 3 years | -43.88% | -16.78% | -27.10% |
Max Drawdown (5Y)Largest decline over 5 years | -71.63% | -36.79% | -34.84% |
Max Drawdown (10Y)Largest decline over 10 years | -80.89% | -74.93% | -5.96% |
Current DrawdownCurrent decline from peak | -38.96% | -11.54% | -27.42% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -37.67% | +17.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.16% | 5.09% | +16.07% |
Volatility
VNO vs. SBRA - Volatility Comparison
Vornado Realty Trust (VNO) and Sabra Health Care REIT, Inc. (SBRA) have volatilities of 9.88% and 10.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNO | SBRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 10.01% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 24.16% | 16.37% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.72% | 21.04% | +12.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.72% | 26.99% | +14.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.20% | 36.47% | +2.73% |
Dividends
VNO vs. SBRA - Dividend Comparison
VNO's dividend yield for the trailing twelve months is around 1.97%, less than SBRA's 6.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBRA Sabra Health Care REIT, Inc. | 6.44% | 6.34% | 6.93% | 8.41% | 9.65% | 8.86% | 7.77% | 8.43% | 10.92% | 9.22% | 6.84% | 7.91% |
VNO Vornado Realty Trust | 1.97% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Financials
VNO vs. SBRA - Financials Comparison
This section allows you to compare key financial metrics between Vornado Realty Trust and Sabra Health Care REIT, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
VNO vs. SBRA - Profitability Comparison
VNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vornado Realty Trust reported a gross profit of 212.47M and revenue of 459.11M. Therefore, the gross margin over that period was 46.3%.
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%.
VNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vornado Realty Trust reported an operating income of 170.23M and revenue of 459.11M, resulting in an operating margin of 37.1%.
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%.
VNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vornado Realty Trust reported a net income of -22.84M and revenue of 459.11M, resulting in a net margin of -5.0%.
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
VNO and SBRA 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.
SBRA has higher volatility (10.01%) compared to VNO (9.88%). In terms of maximum drawdown, VNO dropped -80.89% vs SBRA's -99.49%.
SBRA currently has the higher Sharpe Ratio (0.32 vs -0.08), 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.
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