OHI vs SBRA: Correlation
Measured on weekly returns over the past three years, Omega Healthcare Investors, Inc. (OHI) and Sabra Health Care REIT, Inc. (SBRA) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OHI and SBRA?
Across a 3-year window, the weekly returns of OHI and SBRA correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 263.1 %².
SBRA is one of the assets that tracks OHI most closely: it ranks #1 out of the 12 assets we track against OHI. Their 12-month results are close: +15.2% for OHI against +12.1% for SBRA.
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.
OHI vs SBRA: side by side
| OHI (Omega Healthcare Investors, Inc.) | SBRA (Sabra Health Care REIT, Inc.) | |
|---|---|---|
| 1-year return | +15.2% | +12.1% |
| 5-year return | +107.9% | +92.8% |
| Volatility (ann.) | 17.7% | 20.8% |
| Beta vs S&P 500 | 0.09 | 0.19 |
| Max drawdown (3Y) | -15.5% | -16.8% |
| Market cap | $14.8B | $5.3B |
| P/E (trailing) | 16.5 | 79.6 |
| Dividend yield | 5.73% | 5.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OHI | SBRA |
|---|---|---|
| 2022 | +3.5% | +0.4% |
| 2023 | +19.9% | +26.3% |
| 2024 | +33.6% | +31.2% |
| 2025 | +25.5% | +17.0% |
| 2026 | +9.0% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OHI and SBRA good diversifiers for each other?
To a limited degree. At 0.71 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 OHI and SBRA?
As of 2026-08-27, the correlation of weekly returns between OHI and SBRA is 0.71 over 3 years, 0.80 over 1 year and 0.76 over 5 years.
Is SBRA a good diversifier for OHI?
To a limited degree. At 0.71 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 0.71 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/ohi-vs-sbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ohi-vs-sbra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OHI correlations · SBRA correlations
