CTRE vs SBRA: Correlation
Measured on weekly returns over the past three years, CareTrust REIT, Inc. (CTRE) and Sabra Health Care REIT, Inc. (SBRA) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRE and SBRA?
On 3 years of weekly data the CTRE/SBRA correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.61 over 3. The 5-year figure is 0.66, and annualized covariance runs at 266.4 %².
In CTRE's tracked universe of 11 assets, SBRA sits right near the top at #2. On 12-month performance CTRE holds a 6.2-point edge, +18.3% against +12.1%.
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 SBRA: side by side
| CTRE (CareTrust REIT, Inc.) | SBRA (Sabra Health Care REIT, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | +12.1% |
| 5-year return | +130.3% | +92.8% |
| Volatility (ann.) | 21.1% | 20.8% |
| Beta vs S&P 500 | 0.18 | 0.19 |
| Max drawdown (3Y) | -23.2% | -16.8% |
| Market cap | $9.3B | $5.3B |
| P/E (trailing) | 24.9 | 79.6 |
| Dividend yield | 3.63% | 5.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRE | SBRA |
|---|---|---|
| 2022 | -13.7% | +0.4% |
| 2023 | +27.3% | +26.3% |
| 2024 | +26.3% | +31.2% |
| 2025 | +39.4% | +17.0% |
| 2026 | +11.1% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRE and SBRA good diversifiers for each other?
To a limited degree. At 0.61 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 SBRA?
As of 2026-08-27, the correlation of weekly returns between CTRE and SBRA is 0.61 over 3 years, 0.65 over 1 year and 0.66 over 5 years.
Is SBRA a good diversifier for CTRE?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctre-vs-sbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctre-vs-sbra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTRE correlations · SBRA correlations
