WELL vs. DMLP

Last updated Apr 1, 2026

Compare and contrast key facts about Welltower Inc. (WELL) and Dorchester Minerals, L.P. (DMLP).

Performance

WELL vs. DMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Welltower Inc. (WELL) and Dorchester Minerals, L.P. (DMLP). The values are adjusted to include any dividend payments, if applicable.

WELL vs. DMLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WELL Welltower Inc.	6.90%	49.86%	43.07%	41.79%	-21.18%	36.98%	-17.19%	23.04%	15.31%	0.22%
DMLP Dorchester Minerals, L.P.	24.91%	-25.92%	16.59%	18.99%	71.68%	98.93%	-37.39%	48.52%	6.12%	-6.93%

Fundamentals

EPS WELL : -$0.64 DMLP : $1.14
PS Ratio WELL : 12.63 DMLP : 8.54
Total Revenue (TTM) WELL : $10.77B DMLP : $150.69M
Gross Profit (TTM) WELL : $3.04B DMLP : $85.68M
EBITDA (TTM) WELL : $2.28B DMLP : $121.82M

Returns By Period

In the year-to-date period, WELL achieves a 6.90% return, which is significantly lower than DMLP's 24.91% return. Over the past 10 years, WELL has underperformed DMLP with an annualized return of 15.28%, while DMLP has yielded a comparatively higher 20.98% annualized return.

WELL

• 1D: 1.23%
• 1M: -4.54%
• YTD: 6.90%
• 6M: 11.81%
• 1Y: 31.19%
• 3Y*: 43.37%
• 5Y*: 25.13%
• 10Y*: 15.28%

DMLP

• 1D: -2.80%
• 1M: 4.27%
• YTD: 24.91%
• 6M: 10.91%
• 1Y: 0.12%
• 3Y*: 7.23%
• 5Y*: 27.02%
• 10Y*: 20.98%

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

Return for Risk

WELL vs. DMLP — Risk / Return Rank

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

WELL

WELL Risk / Return Rank: 81
WELL Sharpe Ratio Rank: 85
WELL Sortino Ratio Rank: 78
WELL Omega Ratio Rank: 78
WELL Calmar Ratio Rank: 82
WELL Martin Ratio Rank: 81

DMLP

DMLP Risk / Return Rank: 39
DMLP Sharpe Ratio Rank: 42
DMLP Sortino Ratio Rank: 35
DMLP Omega Ratio Rank: 34
DMLP Calmar Ratio Rank: 42
DMLP Martin Ratio Rank: 42

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.

WELL vs. DMLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Welltower Inc. (WELL) and Dorchester Minerals, L.P. (DMLP). 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.

	WELL	DMLP	Difference
Sharpe ratio Return per unit of total volatility	1.47	0.00	+1.47
Sortino ratio Return per unit of downside risk	1.97	0.18	+1.78
Omega ratio Gain probability vs. loss probability	1.26	1.02	+0.24
Calmar ratio Return relative to maximum drawdown	2.46	0.01	+2.45
Martin ratio Return relative to average drawdown	6.07	0.02	+6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WELL vs. DMLP - Sharpe Ratio Comparison

The current WELL Sharpe Ratio is 1.47, which is higher than the DMLP Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of WELL and DMLP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WELL	DMLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	0.00	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.90	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.65	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.37	+0.19

Correlation

The correlation between WELL and DMLP is 0.14, 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.

Dividends

WELL vs. DMLP - Dividend Comparison

WELL's dividend yield for the trailing twelve months is around 1.46%, less than DMLP's 10.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WELL Welltower Inc.	1.46%	1.52%	2.03%	2.71%	3.72%	2.84%	4.18%	4.26%	5.01%	5.46%	5.14%	4.85%
DMLP Dorchester Minerals, L.P.	10.30%	12.41%	10.46%	10.67%	11.68%	7.75%	12.75%	10.32%	11.87%	7.60%	4.88%	11.67%

Drawdowns

WELL vs. DMLP - Drawdown Comparison

The maximum WELL drawdown since its inception was -63.33%, smaller than the maximum DMLP drawdown of -72.35%. Use the drawdown chart below to compare losses from any high point for WELL and DMLP.

Drawdown Indicators

	WELL	DMLP	Difference
Max Drawdown Largest peak-to-trough decline	-63.33%	-72.35%	+9.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-24.52%	+11.91%
Max Drawdown (5Y) Largest decline over 5 years	-40.78%	-32.31%	-8.47%
Max Drawdown (10Y) Largest decline over 10 years	-63.33%	-56.80%	-6.53%
Current Drawdown Current decline from peak	-7.92%	-11.07%	+3.15%
Average Drawdown Average peak-to-trough decline	-10.37%	-19.91%	+9.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	12.28%	-7.17%

Volatility

WELL vs. DMLP - Volatility Comparison

Welltower Inc. (WELL) has a higher volatility of 6.70% compared to Dorchester Minerals, L.P. (DMLP) at 6.04%. This indicates that WELL's price experiences larger fluctuations and is considered to be riskier than DMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WELL	DMLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.70%	6.04%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	14.89%	17.67%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	24.39%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.52%	30.13%	-6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.83%	32.22%	-0.39%

Financials

WELL vs. DMLP - Profitability Comparison

The chart below illustrates the profitability comparison between Welltower Inc. and Dorchester Minerals, L.P. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WELL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Welltower Inc. reported a gross profit of 0.00 and revenue of 3.18B. Therefore, the gross margin over that period was 0.0%.

DMLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Dorchester Minerals, L.P. reported a gross profit of 31.09M and revenue of 35.42M. Therefore, the gross margin over that period was 87.8%.

WELL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Welltower Inc. reported an operating income of 117.77M and revenue of 3.18B, resulting in an operating margin of 3.7%.

DMLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Dorchester Minerals, L.P. reported an operating income of 28.16M and revenue of 35.42M, resulting in an operating margin of 79.5%.

WELL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Welltower Inc. reported a net income of -1.28B and revenue of 3.18B, resulting in a net margin of -40.1%.

DMLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Dorchester Minerals, L.P. reported a net income of 10.77M and revenue of 35.42M, resulting in a net margin of 30.4%.