CTRE vs OHI: Correlation
CareTrust REIT, Inc. (CTRE) and Omega Healthcare Investors, Inc. (OHI) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRE and OHI?
On 3 years of weekly data the CTRE/OHI correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.66 over 3. The 5-year figure is 0.66, and annualized covariance runs at 245.3 %².
In CTRE's tracked universe of 11 assets, OHI sits right near the top at #1. Twelve-month performance is nearly a tie, at +18.3% for CTRE and +15.2% for OHI.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CTRE vs OHI: side by side
| CTRE (CareTrust REIT, Inc.) | OHI (Omega Healthcare Investors, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +15.2% |
| 5-year return | +130.3% | +107.9% |
| Volatility (ann.) | 21.1% | 17.7% |
| Beta vs S&P 500 | 0.18 | 0.09 |
| Max drawdown (3Y) | -23.2% | -15.5% |
| Market cap | $9.3B | $14.8B |
| P/E (trailing) | 24.9 | 16.5 |
| Dividend yield | 3.63% | 5.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRE | OHI |
|---|---|---|
| 2022 | -13.7% | +3.5% |
| 2023 | +27.3% | +19.9% |
| 2024 | +26.3% | +33.6% |
| 2025 | +39.4% | +25.5% |
| 2026 | +11.1% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRE and OHI good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTRE and OHI?
The CTRE/OHI correlation stands at 0.66 on a 3-year window (1 year: 0.75, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is OHI a good diversifier for CTRE?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctre-vs-ohi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctre-vs-ohi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTRE correlations · OHI correlations
