NHI vs SPY
Comparison between National Health Investors Inc (NHI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NHI, delivering a return of +14.0% compared to +8.8%
NHI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NHI vs SPY - Historical Returns
Returns include dividend reinvestment.
NHI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NHI | SPY |
|---|---|---|
| 2026 | +0.57% | +9.45% |
| 2025 | +17.22% | +18.00% |
| 2024 | +31.04% | +25.59% |
| 2023 | +13.13% | +26.72% |
| 2022 | -4.58% | -18.64% |
| 2021 | -8.31% | +30.52% |
| 2020 | -6.67% | +17.28% |
| 2019 | +15.91% | +31.09% |
| 2018 | +5.27% | -5.24% |
| 2017 | +6.23% | +20.78% |
| 2016 | +27.51% | +13.59% |
| 2015 | -9.87% | +1.31% |
| 2014 | +33.29% | +14.56% |
| 2013 | +1.68% | +29.00% |
| 2012 | +33.11% | +14.17% |
| 2011 | +1.40% | +0.85% |
| 2010 | +31.78% | +13.14% |
| 2009 | +49.71% | +22.67% |
| 2008 | +5.27% | -36.25% |
| 2007 | -7.26% | +5.32% |
| 2006 | +37.94% | +13.85% |
| 2005 | -2.24% | +5.32% |
| 2004 | +24.39% | +10.75% |
| 2003 | +88.76% | +24.18% |
| 2002 | +20.90% | -22.42% |
| 2001 | +104.05% | -10.13% |
| 2000 | -43.74% | -8.84% |
| 1999 | +1.13% | +8.61% |
NHI vs SPY Drawdown Comparison
The maximum drawdown for NHI was -64.96%, occurring on Aug 17, 2000. Recovery took 419 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NHI drawdown is -15.09%. The current SPY drawdown is -0.34%.
| Rank | NHI | SPY |
|---|---|---|
| #1 | -64.96% Dec 23, 1999 - Aug 22, 2001 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -63.04% Feb 21, 2020 - Jul 2, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -45.52% Sep 30, 2008 - Aug 4, 2009 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -27.42% Jan 29, 2015 - Jun 10, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.34% Mar 31, 2004 - Dec 1, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -25.37% May 21, 2013 - Nov 4, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -21.61% Apr 28, 2011 - Jan 25, 2012 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.96% Jun 1, 2007 - Mar 20, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -20.88% Sep 18, 2024 - Jan 15, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -20.79% Aug 24, 2001 - Dec 7, 2001 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -20.65% Dec 18, 2017 - Aug 7, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -19.95% Aug 2, 2005 - Sep 27, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -18.79% Feb 17, 2026 - May 5, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -17.77% Jun 27, 2002 - Oct 29, 2002 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -16.93% Sep 6, 2016 - Jun 28, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NHI and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
NHI vs SPY dividend yield comparison.
| Year | NHI | SPY |
|---|---|---|
| 2026 | 1.20% | 0.24% |
| 2025 | 4.77% | 1.07% |
| 2024 | 5.19% | 1.21% |
| 2023 | 6.45% | 1.40% |
| 2022 | 6.89% | 1.65% |
| 2021 | 6.62% | 1.20% |
| 2020 | 6.38% | 1.52% |
| 2019 | 5.15% | 1.75% |
| 2018 | 5.30% | 2.04% |
| 2017 | 5.04% | 1.80% |
| 2016 | 4.85% | 2.03% |
| 2015 | 5.59% | 2.06% |
| 2014 | 4.40% | 1.87% |
| 2013 | 5.56% | 1.81% |
| 2012 | 4.67% | 2.18% |
| 2011 | 6.17% | 2.05% |
| 2010 | 5.24% | 1.80% |
| 2009 | 6.22% | 1.95% |
| 2008 | 8.82% | 3.02% |
| 2007 | 10.22% | 1.85% |
| 2006 | 7.18% | 1.73% |
| 2005 | 6.93% | 1.73% |
| 2004 | 6.34% | 1.82% |
| 2003 | 16.88% | 1.47% |
| 2002 | 9.04% | 1.70% |
| 2001 | 6.63% | 1.25% |
| 2000 | 17.36% | 1.15% |
| 1999 | 4.97% | 0.24% |
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