ARDGX vs. IIPR

Last updated Apr 1, 2026

Compare and contrast key facts about Archer Dividend Growth Fund (ARDGX) and Innovative Industrial Properties, Inc. (IIPR).

ARDGX is managed by Archer. It was launched on Sep 1, 2016.

Performance

ARDGX vs. IIPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Archer Dividend Growth Fund (ARDGX) and Innovative Industrial Properties, Inc. (IIPR). The values are adjusted to include any dividend payments, if applicable.

ARDGX vs. IIPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARDGX Archer Dividend Growth Fund	6.03%	12.86%	13.94%	0.40%	0.27%	25.41%	-7.58%	17.89%	-5.91%	8.92%
IIPR Innovative Industrial Properties, Inc.	10.03%	-18.40%	-28.55%	8.78%	-59.02%	47.49%	151.33%	72.52%	43.88%	77.33%

Returns By Period

In the year-to-date period, ARDGX achieves a 6.03% return, which is significantly lower than IIPR's 10.03% return.

ARDGX

• 1D: 0.06%
• 1M: -3.94%
• YTD: 6.03%
• 6M: 7.96%
• 1Y: 15.28%
• 3Y*: 11.81%
• 5Y*: 9.60%
• 10Y*: —

IIPR

• 1D: 2.66%
• 1M: -1.60%
• YTD: 10.03%
• 6M: 1.11%
• 1Y: 7.31%
• 3Y*: -3.14%
• 5Y*: -16.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ARDGX vs. IIPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARDGX

ARDGX Risk / Return Rank: 72
ARDGX Sharpe Ratio Rank: 74
ARDGX Sortino Ratio Rank: 73
ARDGX Omega Ratio Rank: 71
ARDGX Calmar Ratio Rank: 68
ARDGX Martin Ratio Rank: 73

IIPR

IIPR Risk / Return Rank: 40
IIPR Sharpe Ratio Rank: 49
IIPR Sortino Ratio Rank: 44
IIPR Omega Ratio Rank: 44
IIPR Calmar Ratio Rank: 33
IIPR Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARDGX vs. IIPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Archer Dividend Growth Fund (ARDGX) and Innovative Industrial Properties, Inc. (IIPR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARDGX	IIPR	Difference
Sharpe ratio Return per unit of total volatility	1.31	0.18	+1.13
Sortino ratio Return per unit of downside risk	1.81	0.56	+1.25
Omega ratio Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio Return relative to maximum drawdown	1.56	-0.29	+1.85
Martin ratio Return relative to average drawdown	6.97	-0.70	+7.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARDGX vs. IIPR - Sharpe Ratio Comparison

The current ARDGX Sharpe Ratio is 1.31, which is higher than the IIPR Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of ARDGX and IIPR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARDGX	IIPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	0.18	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	-0.40	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.37	-0.36

Correlation

The correlation between ARDGX and IIPR is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ARDGX vs. IIPR - Dividend Comparison

ARDGX's dividend yield for the trailing twelve months is around 2.40%, less than IIPR's 15.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARDGX Archer Dividend Growth Fund	2.40%	2.09%	2.74%	2.87%	2.38%	1.93%	3.04%	2.85%	3.07%	2.66%
IIPR Innovative Industrial Properties, Inc.	15.15%	16.05%	11.28%	7.16%	7.01%	2.18%	2.44%	3.73%	1.87%	1.70%

Drawdowns

ARDGX vs. IIPR - Drawdown Comparison

The maximum ARDGX drawdown since its inception was -97.41%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for ARDGX and IIPR.

Drawdown Indicators

	ARDGX	IIPR	Difference
Max Drawdown Largest peak-to-trough decline	-97.41%	-78.42%	-18.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-21.29%	+11.10%
Max Drawdown (5Y) Largest decline over 5 years	-97.41%	-78.42%	-18.99%
Current Drawdown Current decline from peak	-96.67%	-73.58%	-23.09%
Average Drawdown Average peak-to-trough decline	-17.05%	-36.35%	+19.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	8.73%	-6.45%

Volatility

ARDGX vs. IIPR - Volatility Comparison

The current volatility for Archer Dividend Growth Fund (ARDGX) is 2.65%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 9.37%. This indicates that ARDGX experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARDGX	IIPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	9.37%	-6.72%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	28.46%	-22.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	42.31%	-29.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,087.08%	41.17%	+2,045.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,535.56%	48.45%	+1,487.11%