LTC vs NHI: Correlation
Measured on weekly returns over the past three years, LTC Properties, Inc. (LTC) and National Health Investors, Inc. (NHI) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTC and NHI?
On 3 years of weekly data the LTC/NHI correlation comes out at 0.72, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 265.0 %².
In LTC's tracked universe of 14 assets, NHI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with LTC ahead by 20.8 points (+18.6% versus -2.2%).
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.
LTC vs NHI: side by side
| LTC (LTC Properties, Inc.) | NHI (National Health Investors, Inc.) | |
|---|---|---|
| 1-year return | +18.6% | -2.2% |
| 5-year return | +63.7% | +63.1% |
| Volatility (ann.) | 17.7% | 20.8% |
| Beta vs S&P 500 | 0.22 | 0.22 |
| Max drawdown (3Y) | -14.5% | -24.1% |
| Market cap | $2.2B | $3.6B |
| P/E (trailing) | 14.5 | 21.2 |
| Dividend yield | 5.63% | 5.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTC | NHI |
|---|---|---|
| 2022 | +10.5% | -3.3% |
| 2023 | -3.2% | +14.6% |
| 2024 | +14.9% | +30.7% |
| 2025 | +6.2% | +15.7% |
| 2026 | +23.1% | -2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTC and NHI good diversifiers for each other?
To a limited degree. At 0.72 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 LTC and NHI?
As of 2026-08-27, the correlation of weekly returns between LTC and NHI is 0.72 over 3 years, 0.77 over 1 year and 0.77 over 5 years.
Is NHI a good diversifier for LTC?
To a limited degree. At 0.72 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 0.72 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/ltc-vs-nhi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ltc-vs-nhi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LTC correlations · NHI correlations
