NHI vs SBRA: Correlation
Measured on weekly returns over the past three years, National Health Investors, Inc. (NHI) and Sabra Health Care REIT, Inc. (SBRA) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NHI and SBRA?
Over the past 3 years, NHI and SBRA moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 269.5 %².
Few assets follow NHI as closely as SBRA, which ranks #2 of 13 tracked partners. Over the last 12 months SBRA came out ahead by 14.3 percentage points (-2.2% 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.
NHI vs SBRA: side by side
| NHI (National Health Investors, Inc.) | SBRA (Sabra Health Care REIT, Inc.) | |
|---|---|---|
| 1-year return | -2.2% | +12.1% |
| 5-year return | +63.1% | +92.8% |
| Volatility (ann.) | 20.8% | 20.8% |
| Beta vs S&P 500 | 0.22 | 0.19 |
| Max drawdown (3Y) | -24.1% | -16.8% |
| Market cap | $3.6B | $5.3B |
| P/E (trailing) | 21.2 | 79.6 |
| Dividend yield | 5.01% | 5.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NHI | SBRA |
|---|---|---|
| 2022 | -3.3% | +0.4% |
| 2023 | +14.6% | +26.3% |
| 2024 | +30.7% | +31.2% |
| 2025 | +15.7% | +17.0% |
| 2026 | -2.8% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NHI and SBRA good diversifiers for each other?
To a limited degree. At 0.62 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 NHI and SBRA?
As of 2026-08-27, the correlation of weekly returns between NHI and SBRA is 0.62 over 3 years, 0.63 over 1 year and 0.69 over 5 years.
Is SBRA a good diversifier for NHI?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 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/nhi-vs-sbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nhi-vs-sbra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NHI correlations · SBRA correlations
