BetterThanSPY

Relative Intelligence · Healthcare REITs

How Ventas (VTR) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on VTR alone. It places VTR (Ventas, Inc.) against 17 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where VTR stands in the market, and of the alternatives worth a closer look.

Period covered: VTR's full trading record, from September 1989 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

Data as of October 22, 2026. Full tables and charts read best on a larger screen.

Rank the market against VTR →Chart VTR vs. 17 alternatives →

This page answers the following questions about VTR

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

How much would $10,000 in VTR have grown?

This chart tracks a hypothetical $10,000 investment in VTR over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of VTR over the same span and VTR's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 273 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of VTR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000199720022007201220172022$1,000$10,000$100,00019972004201120182025
  • WELL$467,035+4,570% total · +14.2% a year
  • RY$442,765+4,328% total · +14.0% a year
  • TD$422,896+4,129% total · +13.8% a year
  • BTI$388,024+3,780% total · +13.4% a year
  • MO$372,045+3,620% total · +13.3% a year
  • VTR$219,687+2,097% total · +11.2% a year
  • LTC$148,178+1,382% total · +9.7% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • OHI$101,776+918% total · +8.3% a year
  • DOC$86,723+767% total · +7.7% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 1,034 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of VTR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000202120222023202420252026$0$10,000$20,000$30,000$40,000202120222023202420252026
  • WELL$31,492+215% total · +25.8% a year
  • DHC$25,372+154% total · +20.5% a year
  • ENSG$23,206+132% total · +18.3% a year
  • CTRE$22,963+130% total · +18.1% a year
  • OHI$22,926+129% total · +18.0% a year
  • SBRA$19,879+98.8% total · +14.7% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • HCA$18,335+83.3% total · +12.9% a year
  • VTR$18,167+81.7% total · +12.7% a year
  • BKD$17,191+71.9% total · +11.4% a year
Change the dates or add tickers to this chart in EasyCompare

VTR at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$45B
Industry
REIT - Healthcare Facilities
Price history from
September 1989

Returns

Past 1 year
+26.5%total return
Past 3 years
+129%+31.9% a year
Past 5 years
+86.4%+13.3% a year
Past 10 years
+91.6%+6.7% a year
Best calendar year
+130%2001
Worst calendar year
−64.1%1999
Losing years
8 of 29full calendar years

Risk

Volatility
25.3%typical yearly swing, 5 years
Sharpe ratio
0.62return per unit of risk, 5 years
Worst decline ever
−89.5%Jun 1997 to Mar 2000
From its all-time high
−13.0%below the peak

VTR against the whole market

Where VTR ranks among every stock and fund, and what across the market has done better.

How does VTR rank among all stocks?

This section ranks VTR on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how VTR stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureVTRRankStanding
1-year return+26.5%1,091 of 3,282top 33%
3-year return+129%722 of 3,016top 24%
5-year return+86.4%787 of 2,897top 27%
10-year return+91.6%1,372 of 2,201bottom 39%
Volatility, 5 years25.3%355 of 2,897top 12%
Sharpe ratio, 5 years0.62630 of 2,897top 22%
Worst decline, past 10 years−76.9%1,521 of 2,184bottom 31%

What has beaten VTR on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). VTR sits where the dashed lines cross. Anything in the green box above and to the left earned more than VTR with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to VTR; faint dots are 60 more of the 88 in the green region (the strongest, one per fund family). 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%12.5%15.0%17.5%20.0%22.5%25.0%27.5%30.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than VTRPM: +21.3% a year, volatility 23.4%TD: +16.5% a year, volatility 20.0%BTI: +19.4% a year, volatility 22.0%MO: +18.3% a year, volatility 21.4%CB: +15.8% a year, volatility 20.4%CM: +19.5% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%MFC: +23.3% a year, volatility 24.0%CTAS: +17.1% a year, volatility 23.1%WRB: +18.6% a year, volatility 22.9%FDL: +14.6% a year, volatility 14.5%VLUE: +16.2% a year, volatility 18.4%THG: +15.2% a year, volatility 22.9%MLPX: +19.0% a year, volatility 19.7%IXC: +20.9% a year, volatility 23.2%FRDM: +16.8% a year, volatility 22.9%ORLY: +15.8% a year, volatility 23.4%ETR: +19.8% a year, volatility 22.4%CHCO: +15.1% a year, volatility 22.8%ATO: +15.9% a year, volatility 18.5%DBJP: +20.9% a year, volatility 19.3%CRAK: +19.5% a year, volatility 20.9%GSG: +15.5% a year, volatility 22.9%IGE: +18.1% a year, volatility 22.0%NI: +15.5% a year, volatility 20.3%NXTG: +16.1% a year, volatility 19.1%PNW: +14.6% a year, volatility 19.9%WMT: +21.1% a year, volatility 22.6%COST: +17.4% a year, volatility 22.9%TJX: +19.8% a year, volatility 22.3%EPD: +16.3% a year, volatility 17.1%COR: +23.6% a year, volatility 22.8%KMI: +20.1% a year, volatility 22.3%AFL: +19.5% a year, volatility 20.8%MSI: +15.2% a year, volatility 23.6%DYNF: +14.4% a year, volatility 17.5%SDCI: +21.1% a year, volatility 18.4%HIG: +15.8% a year, volatility 22.0%DFIV: +14.8% a year, volatility 16.4%SPMO: +18.1% a year, volatility 20.9%L: +15.0% a year, volatility 19.2%PVAL: +15.9% a year, volatility 15.1%PAVE: +14.6% a year, volatility 21.7%IOO: +15.6% a year, volatility 17.2%ITA: +14.4% a year, volatility 20.4%ORI: +17.3% a year, volatility 22.2%EMLP: +15.2% a year, volatility 14.5%GCOW: +14.4% a year, volatility 13.6%WTM: +15.4% a year, volatility 23.6%MPLX: +24.0% a year, volatility 18.8%ILF: +15.6% a year, volatility 23.1%EUFN: +18.1% a year, volatility 21.8%GARP: +16.6% a year, volatility 22.5%SPUS: +14.8% a year, volatility 19.5%DIVB: +14.6% a year, volatility 15.5%FFLC: +15.5% a year, volatility 16.8%IUS: +14.7% a year, volatility 14.9%VFMF: +14.5% a year, volatility 17.6%EWJV: +15.1% a year, volatility 18.2%AMLP: +16.4% a year, volatility 18.9%VTR: +13.3% a year, volatility 25.3%SPY (S&P 500): +12.5% a year, volatility 17.2%WELL: +27.0% a year, volatility 23.8%OHI: +17.6% a year, volatility 24.3%ENSG: +20.1% a year, volatility 26.9%CTRE: +17.0% a year, volatility 24.6%ABBV: +25.5% a year, volatility 23.4%EHC: +18.7% a year, volatility 26.9%NHC: +31.2% a year, volatility 28.6%NVS: +17.4% a year, volatility 20.7%JNJ: +13.5% a year, volatility 18.0%REZ: +2.8% a year, volatility 19.1%KO: +15.2% a year, volatility 16.8%RY: +17.5% a year, volatility 18.2%CCEP: +20.4% a year, volatility 23.3%DXJ: +26.6% a year, volatility 19.1%LVHI: +16.9% a year, volatility 11.1%RSG: +14.1% a year, volatility 18.6%CAH: +41.7% a year, volatility 24.7%GLD: +17.1% a year, volatility 19.0%VTRSPY (S&P 500)WELLOHIENSGCTREABBVEHCNHCNVSREZKORYCCEPDXJLVHICAHGLD10.0%15.0%20.0%25.0%30.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than VTRPM: +21.3% a year, volatility 23.4%TD: +16.5% a year, volatility 20.0%BTI: +19.4% a year, volatility 22.0%MO: +18.3% a year, volatility 21.4%CB: +15.8% a year, volatility 20.4%CM: +19.5% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%MFC: +23.3% a year, volatility 24.0%CTAS: +17.1% a year, volatility 23.1%WRB: +18.6% a year, volatility 22.9%FDL: +14.6% a year, volatility 14.5%VLUE: +16.2% a year, volatility 18.4%THG: +15.2% a year, volatility 22.9%MLPX: +19.0% a year, volatility 19.7%IXC: +20.9% a year, volatility 23.2%FRDM: +16.8% a year, volatility 22.9%ORLY: +15.8% a year, volatility 23.4%ETR: +19.8% a year, volatility 22.4%CHCO: +15.1% a year, volatility 22.8%ATO: +15.9% a year, volatility 18.5%DBJP: +20.9% a year, volatility 19.3%CRAK: +19.5% a year, volatility 20.9%GSG: +15.5% a year, volatility 22.9%IGE: +18.1% a year, volatility 22.0%NI: +15.5% a year, volatility 20.3%NXTG: +16.1% a year, volatility 19.1%PNW: +14.6% a year, volatility 19.9%WMT: +21.1% a year, volatility 22.6%COST: +17.4% a year, volatility 22.9%TJX: +19.8% a year, volatility 22.3%EPD: +16.3% a year, volatility 17.1%COR: +23.6% a year, volatility 22.8%KMI: +20.1% a year, volatility 22.3%AFL: +19.5% a year, volatility 20.8%MSI: +15.2% a year, volatility 23.6%DYNF: +14.4% a year, volatility 17.5%SDCI: +21.1% a year, volatility 18.4%HIG: +15.8% a year, volatility 22.0%DFIV: +14.8% a year, volatility 16.4%SPMO: +18.1% a year, volatility 20.9%L: +15.0% a year, volatility 19.2%PVAL: +15.9% a year, volatility 15.1%PAVE: +14.6% a year, volatility 21.7%IOO: +15.6% a year, volatility 17.2%ITA: +14.4% a year, volatility 20.4%ORI: +17.3% a year, volatility 22.2%EMLP: +15.2% a year, volatility 14.5%GCOW: +14.4% a year, volatility 13.6%WTM: +15.4% a year, volatility 23.6%MPLX: +24.0% a year, volatility 18.8%ILF: +15.6% a year, volatility 23.1%EUFN: +18.1% a year, volatility 21.8%GARP: +16.6% a year, volatility 22.5%SPUS: +14.8% a year, volatility 19.5%DIVB: +14.6% a year, volatility 15.5%FFLC: +15.5% a year, volatility 16.8%IUS: +14.7% a year, volatility 14.9%VFMF: +14.5% a year, volatility 17.6%EWJV: +15.1% a year, volatility 18.2%AMLP: +16.4% a year, volatility 18.9%VTR: +13.3% a year, volatility 25.3%SPY (S&P 500): +12.5% a year, volatility 17.2%WELL: +27.0% a year, volatility 23.8%OHI: +17.6% a year, volatility 24.3%ENSG: +20.1% a year, volatility 26.9%CTRE: +17.0% a year, volatility 24.6%ABBV: +25.5% a year, volatility 23.4%EHC: +18.7% a year, volatility 26.9%NHC: +31.2% a year, volatility 28.6%NVS: +17.4% a year, volatility 20.7%JNJ: +13.5% a year, volatility 18.0%REZ: +2.8% a year, volatility 19.1%KO: +15.2% a year, volatility 16.8%RY: +17.5% a year, volatility 18.2%CCEP: +20.4% a year, volatility 23.3%DXJ: +26.6% a year, volatility 19.1%LVHI: +16.9% a year, volatility 11.1%RSG: +14.1% a year, volatility 18.6%CAH: +41.7% a year, volatility 24.7%GLD: +17.1% a year, volatility 19.0%VTRSPY (S&P 500)WELLOHIENSGCTREABBVNHCNVSJNJREZRYCCEPDXJLVHICAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region
  • 1 with more than 1.6× VTR's volatility is in the table only

Is there a better investment than VTR?

Investments that beat VTR over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat VTR over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks VTR's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than VTR follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than VTR's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× VTR's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than VTR's.

Screen the whole market against VTR for any period in BetterThanSPYOpen these 20 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with VTR?lower diversifies moreExpenseper year
VTRVentas, Inc. · this page
+13.3%25.3%0.62−76.9%+91.6%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.5%17.2%0.78−33.7%+316%0.410.09%
Popular alternativesbest 5 shownThe investments people most often weigh against VTR. 5 of 16 passed at least one test.
WELLWelltower Inc. · Healthcare REITs
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+27.0%23.8%1.13−63.3%+378%0.83—
OHIOmega Healthcare Investors, Inc. · Healthcare REITs
Higher return, similar volatilityHigher Sharpe, smaller worst decline+17.6%24.3%0.79−66.9%+208%0.38—
ENSGThe Ensign Group, Inc. · Health Care Facilities
Higher return, similar volatilityHigher Sharpe, smaller worst decline+20.1%26.9%0.82−55.5%+919%0.30—
CTRECareTrust REIT, Inc. · Healthcare REITs
Higher return, similar volatilityHigher Sharpe, smaller worst decline+17.0%24.6%0.76−67.4%+316%0.51—
DHCDiversified Healthcare Trust · Healthcare REITs
Higher return in most periods+18.2%68.8%0.57−96.3%−46.4%0.15—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Healthcare REITs and the categories next to it (Health Care Facilities, Office REITs, Pharmaceuticals, Gaming REITs), plus VTR's specific themes. 14 of 67 passed at least one test.
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+25.5%23.4%1.09−45.1%+600%0.30—
EHCEncompass Health Corporation · Health Care Facilities
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.7%26.9%0.77−39.5%+354%0.40—
NHCNational HealthCare Corporation · Health Care Facilities
Higher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+31.2%28.6%1.10−35.3%+385%0.28—
NVSNovartis AG · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst decline+17.4%20.7%0.89−26.8%+234%0.50—
JNJJohnson & Johnson · Pharmaceuticals
Similar return, lower volatilityHigher Sharpe, smaller worst decline+13.5%18.0%0.80−27.4%+209%0.44—
REZiShares Residential and Multisector Real Estate ETF · Residential REITs · Senior Housing theme
Smaller losses in recent crashes+2.8%19.1%0.24−44.1%+97.6%0.730.48%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 558 of 3,561 passed at least one test.
KOThe Coca-Cola Company · Nonalcoholic Beverages
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+15.2%16.8%0.93−37.0%+205%0.52—
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+17.5%18.2%0.98−40.0%+361%0.59—
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+20.4%23.3%0.92−48.8%+294%0.53—
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+26.6%19.1%1.34−39.1%+415%0.280.48%
LVHIFranklin International Low Volatility High Dividend Index ETF · International Dividend Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.9%11.1%1.48−32.4%+194%0.640.40%
RSGRepublic Services, Inc. · Waste Management
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.1%18.6%0.80−34.0%+461%0.28—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+41.7%24.7%1.54−46.1%+345%0.25—
GLDSPDR Gold Shares · Gold
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+17.1%19.0%0.93−26.4%+206%0.320.40%
What these numbers mean for VTR
Annual return
VTR returned 13.3% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $18,600. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
VTR's volatility over the past 5 years was 25.3%, 1.5 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, VTR's return lands within 25.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
VTR's Sharpe ratio over the past 5 years was 0.62, against 0.78 for the S&P 500, so VTR earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
VTR's worst fall from a peak to a low over the past 10 years was 76.9%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 76.9% fall takes a 333% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, VTR's monthly returns had a correlation of 0.41 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against VTR instead: the lower it is, the more that option would diversify a VTR holding. Guide: Correlation and diversification →
Show all 88 stocks and funds worth at least $500 million that earned more than VTR with less volatility

Out of 3,641 tested over 5 years. The strongest 69 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with VTRExpense
1
KOThe Coca-Cola Company · Nonalcoholic Beverages
Whole market+15.2%16.8%0.93−37.0%+205%0.52—
2
RYRoyal Bank of Canada · Banks
Whole market+17.5%18.2%0.98−40.0%+361%0.59—
3
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+20.4%23.3%0.92−48.8%+294%0.53—
4
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
Whole market+26.6%19.1%1.34−39.1%+415%0.280.48%
5
LVHIFranklin International Low Volatility High Dividend Index ETF · International Dividend Equity
Whole market+16.9%11.1%1.48−32.4%+194%0.640.40%
6
PMPhilip Morris International Inc. · Tobacco
Whole market+21.3%23.4%0.94−42.9%+240%0.48—
7
WELLWelltower Inc. · Healthcare REITs
Popular alternative+27.0%23.8%1.13−63.3%+378%0.83—
8
TDThe Toronto-Dominion Bank · Banks
Whole market+16.5%20.0%0.87−42.0%+319%0.45—
9
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+19.4%22.0%0.92−56.1%+110%0.35—
10
MOAltria Group, Inc. · Tobacco
Whole market+18.3%21.4%0.90−53.7%+133%0.41—
11
CBChubb Limited · Property & Casualty Insurance
Whole market+15.8%20.4%0.82−42.6%+256%0.41—
12
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.5%21.6%0.94−47.3%+409%0.55—
13
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+360%0.46—
14
MFCManulife Financial Corporation · Life Insurance
Whole market+23.3%24.0%1.00−57.5%+386%0.62—
15
CTASCintas Corporation · Business Services
Whole market+17.1%23.1%0.80−48.4%+834%0.35—
16
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Same or nearby category+25.5%23.4%1.09−45.1%+600%0.30—
17
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.6%22.9%0.86−45.3%+466%0.25—
18
FDLFirst Trust Morningstar Dividend Leaders Index Fund · High Dividend Yield
Whole market+14.6%14.5%1.02−41.4%+207%0.590.43%
19
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+16.2%18.4%0.91−39.5%+286%0.400.15%
20
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Whole market+15.2%22.9%0.73−40.1%+309%0.37—
21
GLDSPDR Gold Shares · Gold
Whole market+17.1%19.0%0.93−26.4%+206%0.320.40%
22
MLPXGlobal X - MLP & Energy Infrastructure ETF · Energy Infrastructure
Whole market+19.0%19.7%0.98−64.6%+189%0.470.45%
23
IXCiShares Global Energy ETF · Energy Equity
Whole market+20.9%23.2%0.94−64.2%+183%0.320.37%
24
FRDMFreedom 100 Emerging Markets ETF · Emerging Markets Equity
Whole market+16.8%22.9%0.80−40.5%—0.460.49%
25
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.8%23.4%0.75−42.0%+394%0.17—
26
ETREntergy Corporation · Electric Utilities
Whole market+19.8%22.4%0.92−42.0%+326%0.54—
27
CHCOCity Holding Company · Regional Banks
Whole market+15.1%22.8%0.73−32.3%+272%0.31—
28
ATOAtmos Energy Corporation · Gas Utilities
Whole market+15.9%18.5%0.90−32.9%+207%0.67—
29
DBJPXtrackers MSCI Japan Hedged Equity ETF · Japan Equity
Whole market+20.9%19.3%1.09−31.3%+339%0.250.45%
30
CRAKVanEck Oil Refiners ETF · Oil Refining
Whole market+19.5%20.9%0.96−58.8%+325%0.330.61%
31
GSGiShares S&P GSCI Commodity-Indexed Trust · Broad Commodities
Whole market+15.5%22.9%0.75−57.6%+144%0.110.75%
32
IGEiShares North American Natural Resources ETF · Natural Resources Equity
Whole market+18.1%22.0%0.87−60.6%+158%0.400.37%
33
NINiSource Inc · Gas Utilities
Whole market+15.5%20.3%0.81−30.9%+166%0.68—
34
NXTGFirst Trust Indxx NextG ETF · Technology Equity
Whole market+16.1%19.1%0.88−33.6%+323%0.370.70%
35
PNWPinnacle West Capital Corporation · Electric Utilities
Whole market+14.6%19.9%0.79−39.3%+110%0.59—
36
WMTWalmart Inc. · Discount Retail
Whole market+21.1%22.6%0.97−25.7%+521%0.34—
37
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+692%0.38—
38
TJXThe TJX Companies, Inc. · Apparel Retail
Whole market+19.8%22.3%0.93−42.5%+357%0.24—
39
EPDEnterprise Products Partners L.P. · Oil & Gas Midstream
Whole market+16.3%17.1%0.98−58.1%+178%0.35—
40
CORCencora, Inc. · Health Care Distribution
Whole market+23.6%22.8%1.05−32.4%+403%0.40—
41
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+20.1%22.3%0.94−55.1%+159%0.43—
42
AFLAflac Incorporated · Life Insurance
Whole market+19.5%20.8%0.97−54.9%+344%0.56—
43
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+15.2%23.6%0.72−32.8%+639%0.32—
44
DYNFiShares U.S. Equity Factor Rotation Active ETF · US Multifactor Equity
Whole market+14.4%17.5%0.86−34.7%—0.370.26%
45
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Broad Commodities
Whole market+21.1%18.4%1.14−45.7%—0.220.80%
46
HIGThe Hartford Insurance Group, Inc. · Property & Casualty Insurance
Whole market+15.8%22.0%0.78−57.6%+302%0.41—
47
DFIVDimensional - International Value ETF · International Large-Cap Value
Whole market+14.8%16.4%0.93−25.4%—0.660.27%
48
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.1%20.9%0.91−30.9%+485%0.220.13%
49
LLoews Corporation · Property & Casualty Insurance
Whole market+15.0%19.2%0.83−48.5%+190%0.47—
50
PVALPutnam Focused Large Cap Value ETF · US Large-Cap Value
Whole market+15.9%15.1%1.06−41.3%—0.510.56%
51
NVSNovartis AG · Pharmaceuticals
Same or nearby category+17.4%20.7%0.89−26.8%+234%0.50—
52
PAVEGlobal X - U.S. Infrastructure Development ETF · Infrastructure Equity
Whole market+14.6%21.7%0.74−44.1%—0.420.47%
53
IOOiShares Global 100 ETF · Global Equity
Whole market+15.6%17.2%0.94−31.4%+357%0.420.40%
54
ITAiShares U.S. Aerospace & Defense ETF · Aerospace & Defense
Whole market+14.4%20.4%0.77−51.0%+253%0.340.37%
55
ORIOld Republic International Corporation · Property & Casualty Insurance
Whole market+17.3%22.2%0.83−47.8%+353%0.49—
56
EMLPFirst Trust North American Energy Infrastructure Fund · Energy Infrastructure
Whole market+15.2%14.5%1.06−43.6%+155%0.590.95%
57
GCOWPacer Global Cash Cows Dividend ETF · Global Equity
Whole market+14.4%13.6%1.06−37.6%+170%0.660.60%
58
WTMWhite Mountains Insurance Group, Ltd. · Insurance
Whole market+15.4%23.6%0.73−40.2%+174%0.20—
59
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+24.0%18.8%1.25−75.2%+337%0.33—
60
ILFiShares Latin America 40 ETF · International Equity
Whole market+15.6%23.1%0.75−57.8%+93.1%0.490.47%
61
EUFNiShares MSCI Europe Financials ETF · Financial Sector Equity
Whole market+18.1%21.8%0.88−53.2%+224%0.640.49%
62
GARPiShares MSCI USA Quality GARP ETF · US Large-Cap Growth
Whole market+16.6%22.5%0.80−31.4%—0.220.15%
63
SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF · US Large-Cap Equity
Whole market+14.8%19.5%0.81−30.8%—0.270.45%
64
DIVBiShares Core Dividend ETF · High Dividend Yield
Whole market+14.6%15.5%0.96−36.9%—0.530.05%
65
FFLCFidelity Fundamental Large Cap Core ETF · Active Core Equity
Whole market+15.5%16.8%0.94−19.7%—0.400.38%
66
IUSInvesco RAFI Strategic US ETF · US Total Market
Whole market+14.7%14.9%1.00−34.7%—0.510.19%
67
VFMFVanguard U.S. Multifactor ETF · US Multifactor Equity
Whole market+14.5%17.6%0.86−41.3%—0.430.18%
68
EWJViShares MSCI Japan Value ETF · Japan Equity
Whole market+15.1%18.2%0.87−30.1%—0.490.15%
69
AMLPAlerian MLP ETF · Energy Equity
Whole market+16.4%18.9%0.90−72.9%+90.8%0.281.01%

VTR against its popular alternatives

The investments people most often weigh against VTR, compared period by period and year by year.

How do VTR's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at VTR, which divides the map into what did better or worse on each measure.

Green points earned more than VTR with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityVTR: 13.3% a year, volatility 25.3%SPY (S&P 500): 12.5% a year, volatility 17.2%WELL: 27.0% a year, volatility 23.8%OHI: 17.6% a year, volatility 24.3%CTRE: 17.0% a year, volatility 24.6%BKD: 9.0% a year, volatility 52.9%DOC: −4.1% a year, volatility 26.7%HR: −1.8% a year, volatility 28.6%CHCT: −16.4% a year, volatility 28.8%ARE: −23.5% a year, volatility 34.7%DHC: 18.2% a year, volatility 68.8%HCA: 14.0% a year, volatility 30.1%ENSG: 20.1% a year, volatility 26.9%SBRA: 14.1% a year, volatility 27.2%LTC: 12.1% a year, volatility 21.2%VICI: 1.0% a year, volatility 20.9%NHI: 9.7% a year, volatility 23.8%UHT: −1.7% a year, volatility 24.4%VTRSPY (S&P 500)WELLOHICTREBKDDOCHRCHCTAREDHCHCAENSGVICINHIUHT0.0%20.0%40.0%60.0%80.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityVTR: 13.3% a year, volatility 25.3%SPY (S&P 500): 12.5% a year, volatility 17.2%WELL: 27.0% a year, volatility 23.8%OHI: 17.6% a year, volatility 24.3%CTRE: 17.0% a year, volatility 24.6%BKD: 9.0% a year, volatility 52.9%DOC: −4.1% a year, volatility 26.7%HR: −1.8% a year, volatility 28.6%CHCT: −16.4% a year, volatility 28.8%ARE: −23.5% a year, volatility 34.7%DHC: 18.2% a year, volatility 68.8%HCA: 14.0% a year, volatility 30.1%ENSG: 20.1% a year, volatility 26.9%SBRA: 14.1% a year, volatility 27.2%LTC: 12.1% a year, volatility 21.2%VICI: 1.0% a year, volatility 20.9%NHI: 9.7% a year, volatility 23.8%UHT: −1.7% a year, volatility 24.4%VTRSPY (S&P 500)WELLOHICTREBKDDOCHRCHCTAREDHCENSGVICINHI
All figures
InvestmentAnnual returnVolatility
WELL Welltower Inc.+27.0%23.8%
ENSG The Ensign Group, Inc.+20.1%26.9%
DHC Diversified Healthcare Trust+18.2%68.8%
OHI Omega Healthcare Investors, Inc.+17.6%24.3%
CTRE CareTrust REIT, Inc.+17.0%24.6%
SBRA Sabra Health Care REIT, Inc.+14.1%27.2%
HCA HCA Healthcare, Inc.+14.0%30.1%
VTR This pageVentas, Inc.+13.3%25.3%
SPY S&P 500State Street SPDR S&P 500 ETF+12.5%17.2%
LTC LTC Properties, Inc.+12.1%21.2%
NHI National Health Investors, Inc.+9.7%23.8%
BKD Brookdale Senior Living Inc.+9.0%52.9%
VICI VICI Properties Inc.+1.0%20.9%
UHT Universal Health Realty Income Trust−1.7%24.4%
HR Healthcare Realty Trust Incorporated−1.8%28.6%
DOC Healthpeak Properties, Inc.−4.1%26.7%
CHCT Community Healthcare Trust Incorporated−16.4%28.8%
ARE Alexandria Real Estate Equities, Inc.−23.5%34.7%
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Has VTR consistently beaten its popular alternatives?

This section compares VTR with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than VTR helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than VTR over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
VTR Ventas, Inc. (this page)—+0.8%−9.9%+9.9%+14.6%+26.5%+129%+86.4%+91.6%25.3%0.62−76.9%—$45B—
WELL QualifiedWelltower Inc.5/5 short3/3 longAll-weather+3.0%−2.8%+19.7%+28.4%+36.9%+203%+230%+378%23.8%1.13−63.3%—$171B—
DHC QualifiedDiversified Healthcare Trust3/5 short2/3 long−3.6%−15.1%+13.6%+59.0%+88.3%+374%+131%−46.4%68.8%0.57−96.3%—$1.9B—
HCA Medical - Care FacilitiesHCA Healthcare, Inc.2/5 short2/3 long+6.7%+25.9%−0.5%−0.1%+6.6%+98.5%+92.5%+517%30.1%0.59−54.7%—$101B—
ENSG Medical - Care FacilitiesThe Ensign Group, Inc.1/5 short2/3 long+1.2%+5.5%−4.2%+2.7%−3.3%+87.4%+150%+919%26.9%0.82−55.5%—$10B—
OHI REIT - Healthcare FacilitiesOmega Healthcare Investors, Inc.1/5 short2/3 long−0.4%−7.3%+5.8%+8.5%+20.8%+71.9%+125%+208%24.3%0.79−66.9%—$14B—
CTRE REIT - Healthcare FacilitiesCareTrust REIT, Inc.0/5 short2/3 long−1.1%−12.7%+0.2%+4.0%+8.9%+95.4%+119%+316%24.6%0.76−67.4%—$8.7B—
SBRA REIT - Healthcare FacilitiesSabra Health Care REIT, Inc.0/5 short1/3 long−1.1%−9.5%+3.1%+6.9%+14.1%+72.8%+93.3%+73.6%27.2%0.62−74.9%—$5.0B—
BKD Medical - Care FacilitiesBrookdale Senior Living Inc.0/5 short1/3 long−10.5%−30.4%−24.1%−6.0%+17.1%+175%+53.7%−34.9%52.9%0.43−89.3%—$2.4B—
LTC REIT - Healthcare FacilitiesLTC Properties, Inc.5/5 short0/3 long+2.6%+4.5%+19.2%+31.2%+30.7%+69.0%+77.2%+52.9%21.2%0.65−51.4%—$2.3B—
AHR REIT - Healthcare FacilitiesAmerican Healthcare REIT, Inc.3/5 short0/3 long+3.8%−6.0%+12.9%+14.7%+26.4%—————−14.1%—$12B—
DOC REIT - Healthcare FacilitiesHealthpeak Properties, Inc.2/5 short0/3 long−5.6%−11.5%+22.0%+26.0%+11.0%+44.8%−18.8%+17.7%26.7%-0.02−50.7%—$13B—
VICI REIT - DiversifiedVICI Properties Inc.1/5 short0/3 long+0.2%−7.9%−11.8%−10.2%−17.8%+5.2%+5.0%—20.9%0.15−60.2%—$26B—
NHI REIT - Healthcare FacilitiesNational Health Investors, Inc.0/5 short0/3 long+0.8%−15.1%−10.2%−9.6%−6.9%+60.6%+58.6%+51.5%23.8%0.51−63.0%—$3.3B—
HR REIT - Healthcare FacilitiesHealthcare Realty Trust Incorporated0/5 short0/3 long−1.4%−14.7%+0.3%+9.8%+1.6%+53.2%−8.5%+26.4%28.6%0.08−47.4%—$6.2B—
CHCT REIT - Healthcare FacilitiesCommunity Healthcare Trust Incorporated0/5 short0/3 long−10.4%−27.8%−20.6%−14.3%+2.3%−37.2%−59.3%+4.4%28.8%-0.48−65.7%—$370M—
UHT REIT - Healthcare FacilitiesUniversal Health Realty Income Trust0/5 short0/3 long−2.9%−11.0%−3.4%+2.0%+11.5%+25.5%−8.2%+3.0%24.4%0.05−69.2%—$526M—
ARE REIT - OfficeAlexandria Real Estate Equities, Inc.0/5 short0/3 long−18.3%−11.4%−4.5%−7.6%−41.0%−46.0%−73.8%−41.2%34.7%-0.60−77.9%—$7.6B—
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How did VTR do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where VTR ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with VTR and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of VTR; gray means the two finished within a fraction of a point. The rank row places VTR among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of VTR20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
VTR This pageVentas, Inc.—+35.1%+22.2%+15.1%−8.6%+7.7%−9.8%+3.4%+3.5%+0.7%+16.1%−4.9%+32.7%−6.4%+23.8%+11.2%+27.2%+41.3%−20.7%+13.8%+40.0%+24.4%+32.9%+110%+10.7%+130%+68.4%−64.1%−20.5%−22.6%
Rank among alternativesTop quarter in 6 of 297 of 186 of 178 of 178 of 1710 of 1712 of 1716 of 179 of 1710 of 168 of 166 of 158 of 1411 of 148 of 145 of 134 of 134 of 1310 of 132 of 126 of 121 of 114 of 114 of 117 of 101 of 101 of 109 of 98 of 98 of 8
SPY S&P 500State Street SPDR S&P 500 ETF11 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
WELL Welltower Inc.13 of 29+49.9%+43.1%+41.8%−21.2%+37.0%−17.2%+23.1%+15.3%+0.2%+3.4%−5.8%+48.6%−8.4%+18.2%+21.1%+14.2%+12.6%+0.2%+9.7%+37.1%−4.7%+13.6%+44.0%+20.7%+66.3%+22.9%−35.0%+0.2%+24.6%
DHC Diversified Healthcare Trust7 of 26+114%−37.9%+498%−78.6%−24.1%−49.9%−22.0%−32.8%+9.3%+38.6%−26.5%+6.6%−0.1%+12.9%+9.3%+7.1%+32.8%−15.4%−1.7%+55.3%−4.0%+18.0%+78.5%−11.2%+61.5%−9.0%———
HCA HCA Healthcare, Inc.10 of 14+56.7%+11.8%+13.8%−5.6%+57.6%+11.6%+20.2%+43.4%+18.7%+9.4%−7.8%+53.8%+58.1%+70.9%———————————————
ENSG The Ensign Group, Inc.11 of 18+31.3%+18.6%+18.9%+13.0%+15.4%+61.4%+25.6%+75.6%+0.8%−1.1%+2.6%+78.3%+64.0%+11.9%−0.8%+63.7%−7.0%+18.3%———————————
OHI Omega Healthcare Investors, Inc.16 of 29+25.5%+33.6%+19.9%+3.5%−12.1%−6.8%+29.0%+40.0%−4.8%−3.9%−5.3%+38.7%+32.6%+30.7%−7.1%+22.9%+31.8%+7.1%−2.8%+51.1%+14.3%+35.4%+154%−38.1%+61.2%−66.0%−53.0%−10.1%+26.5%
CTRE CareTrust REIT, Inc.8 of 11+39.4%+26.3%+27.3%−13.6%+7.9%+13.7%+16.4%+16.0%+14.0%+47.1%−6.6%——————————————————
SBRA Sabra Health Care REIT, Inc.11 of 23+17.1%+31.2%+26.2%+0.4%−16.2%−11.3%+41.1%−3.7%−18.2%+31.2%−29.0%+22.9%+26.5%+94.0%−29.0%+45.2%+3.5%−48.4%+36.0%+90.8%−28.1%−7.6%+616%——————
BKD Brookdale Senior Living Inc.9 of 20+115%−13.6%+113%−47.1%+16.5%−39.1%+8.5%−30.9%−21.9%−32.7%−49.7%+34.9%+7.3%+45.6%−18.8%+17.7%+226%−79.6%−37.8%+66.8%—————————
LTC LTC Properties, Inc.13 of 29+6.2%+14.9%−3.3%+10.6%−6.8%−7.5%+12.8%+1.1%−2.7%+14.1%+4.8%+28.5%+5.6%+20.4%+16.9%+11.4%+41.6%−13.6%−2.4%+38.2%+12.8%+43.8%+134%+11.5%+78.6%−49.5%−41.4%−12.5%+20.3%
AHR American Healthcare REIT, Inc.1 of 1+70.1%————————————————————————————
DOC Healthpeak Properties, Inc.11 of 29−15.2%+10.1%−12.6%−25.2%+27.3%−4.6%+33.1%+17.9%−4.5%−16.8%−8.5%+32.1%−16.2%+13.7%+18.0%+26.9%+17.8%−15.9%−0.8%+52.4%−2.3%+15.6%+57.1%+14.3%+32.5%+39.4%−14.1%−12.8%+15.8%
VICI VICI Properties Inc.4 of 8+1.9%−3.1%+3.6%+13.0%+23.8%+6.1%+43.1%−3.7%—————————————————————
NHI National Health Investors, Inc.15 of 29+15.7%+30.7%+14.6%−3.3%−11.8%−8.7%+13.7%+5.9%+6.9%+28.1%−8.2%+31.0%+4.6%+35.1%+3.9%+28.7%+45.6%+6.5%−7.2%+38.1%−4.8%+25.0%+68.5%+18.9%+106%−44.4%−30.2%−35.4%+19.3%
HR Healthcare Realty Trust Incorporated13 of 29+6.9%+6.3%−4.1%−20.7%+11.5%−8.3%+26.6%−3.6%+14.0%+15.4%+13.8%+41.4%−2.3%+40.2%−6.3%+4.1%−0.2%−1.7%−31.4%+28.2%−12.3%+22.1%+32.2%+13.2%+44.4%+52.3%−21.4%−18.3%+17.6%
CHCT Community Healthcare Trust Incorporated5 of 10−3.8%−21.4%−21.5%−20.7%+4.1%+14.3%+54.9%+9.0%+30.0%+35.1%———————————————————
UHT Universal Health Realty Income Trust11 of 29+13.3%−7.5%−3.6%−15.3%−3.4%−43.2%+96.9%−14.9%+18.8%+37.2%+9.6%+27.1%−16.4%+37.5%+13.8%+22.3%+5.1%−0.4%−2.8%+32.5%+4.1%+13.8%+23.1%+20.3%+28.4%+51.6%−18.1%−2.0%+15.9%
ARE Alexandria Real Estate Equities, Inc.10 of 28−46.6%−19.4%−9.1%−32.6%+28.1%+13.3%+44.0%−9.0%+20.9%+26.9%+5.3%+44.8%−4.5%+3.5%−3.3%+16.4%+11.3%−38.3%+4.4%+28.5%+12.2%+33.7%+42.4%+9.7%+15.8%+21.6%+8.8%+4.7%—
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Risk and diversification

How VTR has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were VTR's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents VTR's five deepest drawdowns since it began trading in 1989, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means VTR fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringVTR fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−89.5%+65.0%Jun 1997Mar 20002.8 yearsJul 20033.3 years
Covid crash−76.9%−18.1%Oct 2019Mar 20205 monthsAug 20244.4 years
2008 financial crisis−64.1%−33.9%Sep 2008Dec 20083 monthsMar 201015 months
No named crash−49.0%—Jan 1992Sep 199320 monthsAug 199411 months
No named crash−36.1%−1.7%Mar 1996Jul 19964 monthsApr 19979 months

How did VTR do in stock market crashes?

This section measures how far VTR, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than VTR.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
VTR This pageVentas, Inc.—−6.9%−41.0%−73.1%−12.2%−6.3%−17.3%−20.8%−0.8%−64.1%−24.1%
SPY S&P 500State Street SPDR S&P 500 ETF6 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
WELL Welltower Inc.4 of 10−9.2%−40.8%−61.9%−11.1%−6.5%−22.3%−23.3%−0.5%−47.5%−18.1%
DHC Diversified Healthcare Trust3 of 10−22.4%−72.7%−73.2%−35.4%−5.0%−18.1%−22.1%−0.2%−57.9%−35.8%
HCA HCA Healthcare, Inc.4 of 7−2.2%−39.5%−54.4%−20.6%−3.8%−31.3%−49.0%———
ENSG The Ensign Group, Inc.5 of 8−2.4%−24.6%−52.2%−24.1%−1.0%−24.6%−29.6%0.0%——
OHI Omega Healthcare Investors, Inc.5 of 10−2.8%−18.9%−66.9%−11.8%−3.8%−23.3%−30.7%−2.3%−44.3%−83.6%
CTRE CareTrust REIT, Inc.4 of 6−4.5%−29.0%−65.7%−11.7%−4.3%−17.7%————
SBRA Sabra Health Care REIT, Inc.3 of 9−5.7%−24.6%−73.5%−29.8%−6.8%−40.9%−41.8%−0.8%−58.2%—
BKD Brookdale Senior Living Inc.0 of 9−14.3%−46.4%−79.3%−35.6%−7.4%−59.0%−50.8%−4.5%−93.5%—
LTC LTC Properties, Inc.6 of 10−3.8%−19.3%−49.4%−13.0%−5.8%−12.0%−22.8%−2.5%−51.1%−57.7%
DOC Healthpeak Properties, Inc.7 of 10−8.9%−37.7%−46.5%−11.4%−5.1%−34.0%−23.1%0.0%−61.1%−11.4%
VICI VICI Properties Inc.4 of 5−5.6%−16.3%−60.2%−18.6%−5.3%—————
NHI National Health Investors, Inc.7 of 10−2.9%−22.6%−63.0%−8.8%−6.1%−14.0%−19.5%−0.9%−45.6%−60.1%
HR Healthcare Realty Trust Incorporated6 of 10−3.8%−28.5%−34.8%−13.4%−5.8%−11.5%−25.7%−2.1%−57.8%−16.7%
CHCT Community Healthcare Trust Incorporated4 of 6−6.2%−33.7%−57.5%−12.4%−6.3%−14.3%————
UHT Universal Health Realty Income Trust7 of 10−2.4%−29.2%−54.7%−19.2%−8.0%−13.5%−23.8%0.0%−40.6%−16.2%
ARE Alexandria Real Estate Equities, Inc.2 of 10−12.6%−40.6%−32.1%−13.2%−7.7%−23.5%−32.1%−2.9%−70.7%−21.0%
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How closely does VTR move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares VTR with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than VTR's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
VTR This pageVentas, Inc.70%98%0.720.96
ENSG The Ensign Group, Inc.105%55%1.930.83
WELL Welltower Inc.87%72%1.220.90
OHI Omega Healthcare Investors, Inc.70%67%1.050.77
CTRE CareTrust REIT, Inc.93%90%1.040.91
HCA HCA Healthcare, Inc.135%140%0.971.37
LTC LTC Properties, Inc.48%68%0.700.75
SBRA Sabra Health Care REIT, Inc.76%111%0.681.05
NHI National Health Investors, Inc.60%92%0.650.71
CHCT Community Healthcare Trust Incorporated47%79%0.590.61
HR Healthcare Realty Trust Incorporated59%104%0.570.80
DOC Healthpeak Properties, Inc.61%110%0.550.88
UHT Universal Health Realty Income Trust63%123%0.510.80
DHC Diversified Healthcare Trust94%223%0.421.84
ARE Alexandria Real Estate Equities, Inc.58%145%0.400.97
BKD Brookdale Senior Living Inc.40%111%0.361.15
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What diversifies VTR?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with VTR's. Because such investments tend not to fall at the same time, pairing VTR with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which VTR lost money. The last two columns show a portfolio that is 80% VTR and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2022202020152013200819991998199780/20 mix volatility80/20 mix annual return
VTR Ventas, Inc. (this page)1.00+86.4%0.62−8.6%−9.8%−4.9%−6.4%−20.7%−64.1%−20.5%−22.6%27.6%+12.7%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.28+225%1.34+6.0%+3.9%+7.7%+41.3%−20.8%———22.9%+16.1%
MLPX EnergyGlobal X - MLP & Energy Infrastructure ETF0.47+138%0.98+21.5%−20.3%−35.3%—————24.1%+14.7%
SMH TechnologyVanEck Semiconductor ETF0.19+304%0.94−33.5%+55.5%−0.3%+33.4%−44.7%———24.3%+18.7%
DIVO Dividend & IncomeAmplify CWP Enhanced Dividend Income ETF0.47+67.8%0.94−1.5%+12.4%——————23.3%+13.0%
XLE EnergyState Street Energy Select Sector SPDR ETF0.26+178%0.94+64.4%−32.7%−21.5%+26.3%−39.0%+18.1%——24.0%+15.6%
GLD CommoditiesSPDR Gold Shares0.32+120%0.93−0.8%+24.8%−10.7%−28.3%+4.9%———23.4%+14.4%
VLUE Broad MarketiShares MSCI USA Value Factor ETF0.40+112%0.91−14.2%−0.2%−4.1%—————23.9%+14.2%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.22+130%0.91−10.4%+28.2%——————23.3%+15.2%

Stocks

InvestmentCorrelation5Y returnSharpe2022202020152013200819991998199780/20 mix volatility80/20 mix annual return
VTR Ventas, Inc. (this page)1.00+86.4%0.62−8.6%−9.8%−4.9%−6.4%−20.7%−64.1%−20.5%−22.6%27.6%+12.7%
CAH Medical - DistributionCardinal Health, Inc.0.25+471%1.54+54.1%+10.1%+12.6%+66.0%−39.6%−36.8%+51.7%+29.1%23.9%+18.3%
CLS Hardware, Equipment & PartsCelestica Inc.0.06+2,780%1.43+1.3%−2.4%−6.0%+27.6%−20.5%+350%——25.6%+31.5%
MCK Medical - DistributionMcKesson Corporation0.18+397%1.41+51.8%+27.1%−4.5%+67.7%−40.4%−71.3%+46.9%+96.3%23.5%+17.8%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.07+1,452%1.41+17.0%+6.7%+67.7%+61.7%−15.2%−58.7%−9.5%—24.4%+27.4%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.12+660%1.39+86.6%−27.4%+17.4%+48.6%————23.7%+20.5%
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Common questions

What was VTR's worst drawdown?

VTR's deepest decline since it began trading in 1989 was 89.5%, from June 1997 to March 2000. It took about three years from the low to climb back to its old high.

What were VTR's best and worst years?

Over 29 full calendar years, VTR's best year was 2001, when it returned 130%. Its worst was 1999, with a return of -64.1%.

Is there a better investment than VTR?

Among VTR's popular alternatives, WELL earned more than VTR with less volatility over the past 5 years: 27.0% a year at 23.8% volatility, against 13.3% a year at 25.3%. Looking beyond its popular alternatives, ABBV (specialty pharmaceuticals) and NVS (pharmaceuticals) earned more than VTR with less volatility over the past 5 years. ABBV returned 25.5% a year at 23.4% volatility, against 13.3% a year at 25.3%.

Is VTR more volatile than the S&P 500?

Yes. VTR's volatility over the past 5 years was 25.3%, 1.5 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, VTR's return lands within 25.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is VTR's Sharpe ratio?

VTR's Sharpe ratio over the past 5 years was 0.62, against 0.78 for the S&P 500, so VTR earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is VTR with the S&P 500?

Over the past 5 years, VTR's monthly returns had a correlation of 0.41 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against VTR instead: the lower it is, the more that option would diversify a VTR holding.

What are the best alternatives to VTR?

Of the 17 popular alternatives we compared, two outperformed VTR in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: WELL and DHC.

Did VTR outperform the S&P 500?

VTR finished ahead of the S&P 500 (SPY) in 18 of 29 full calendar years. In 2025, it returned +35.1%, against +17.7% for the index.

How did VTR do in stock market crashes?

VTR fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in six. The clearest case was the Covid crash, when VTR fell 73.1% and the S&P 500 fell 33.7%.

What diversifies VTR?

These had a low correlation with VTR over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.28), MLPX (correlation 0.47) and SMH (correlation 0.19); among large stocks, CAH (correlation 0.25), CLS (correlation 0.06) and MCK (correlation 0.18). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to VTR

Other stocks and ETFs