NHI vs UHT: Correlation
Measured on weekly returns over the past three years, National Health Investors, Inc. (NHI) and Universal Health Realty Income Trust (UHT) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NHI and UHT?
On 3 years of weekly data the NHI/UHT correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 319.3 %².
UHT is one of the assets that tracks NHI most closely: it ranks #3 out of the 13 assets we track against NHI. On 12-month performance UHT holds a 11.6-point edge, -2.2% against +9.4%.
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 UHT: side by side
| NHI (National Health Investors, Inc.) | UHT (Universal Health Realty Income Trust) | |
|---|---|---|
| 1-year return | -2.2% | +9.4% |
| 5-year return | +63.1% | -3.5% |
| Volatility (ann.) | 20.8% | 25.4% |
| Beta vs S&P 500 | 0.22 | 0.40 |
| Max drawdown (3Y) | -24.1% | -27.9% |
| Market cap | $3.6B | $0.6B |
| P/E (trailing) | 21.2 | 30.2 |
| Dividend yield | 5.01% | 7.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NHI | UHT |
|---|---|---|
| 2022 | -3.3% | -15.3% |
| 2023 | +14.6% | -3.6% |
| 2024 | +30.7% | -7.4% |
| 2025 | +15.7% | +13.3% |
| 2026 | -2.8% | +9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NHI and UHT good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NHI and UHT?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.65 over the last year and 0.59 over 5 years.
Is UHT a good diversifier for NHI?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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/nhi-vs-uht.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nhi-vs-uht/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NHI correlations · UHT correlations
