BA.L vs. IIPR
BA.L (BAE Systems plc) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. BA.L operates in Aerospace & Defense (Industrials), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, BA.L returned 32.37%/yr vs -12.68%/yr for IIPR. At a 0.06 correlation, their price movements are largely independent.
Performance
BA.L vs. IIPR - Performance Comparison
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Different Trading Currencies
BA.L is traded in GBp, while IIPR is traded in USD. To make them comparable, the IIPR values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BA.L achieves a 12.71% return, which is significantly lower than IIPR's 33.37% return.
BA.L
- 1D
- -1.62%
- 1M
- 3.27%
- YTD
- 12.71%
- 6M
- 13.60%
- 1Y
- 0.36%
- 3Y*
- 28.80%
- 5Y*
- 32.37%
- 10Y*
- 18.87%
IIPR
- 1D
- -1.99%
- 1M
- 11.37%
- YTD
- 33.37%
- 6M
- 14.80%
- 1Y
- 25.77%
- 3Y*
- 2.70%
- 5Y*
- -12.68%
- 10Y*
- —
BA.L vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 12.71% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
IIPR Innovative Industrial Properties, Inc. | 33.37% | -24.22% | -27.30% | 3.35% | -54.14% | 48.88% | 143.95% | 65.95% | 52.42% | 66.54% |
Correlation
The correlation between BA.L and IIPR is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.06 |
Fundamentals
BA.L:
£57.97B
IIPR:
$1.72B
BA.L:
£1.33
IIPR:
$4.14
BA.L:
14.41
IIPR:
14.62
BA.L:
1.06
IIPR:
6.51
BA.L:
4.92
IIPR:
0.96
BA.L:
£54.65B
IIPR:
$263.23M
BA.L:
£4.75B
IIPR:
$195.78M
BA.L:
£7.55B
IIPR:
$210.04M
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Return for Risk
BA.L vs. IIPR — Risk / Return Rank
BA.L
IIPR
BA.L vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BA.L | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.23 | -1.08 |
| Martin ratioReturn relative to average drawdown | 0.33 | 2.93 | -2.60 |
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Drawdowns
BA.L vs. IIPR - Drawdown Comparison
The maximum BA.L drawdown since its inception was -43.67%, smaller than the maximum IIPR drawdown of -78.48%. Use the drawdown chart below to compare losses from any high point for BA.L and IIPR.
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Drawdown Indicators
| BA.L | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.67% | -78.48% | +34.81% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -20.48% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -64.19% | +42.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -78.48% | +57.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | — | — |
Current DrawdownCurrent decline from peak | -17.12% | -68.12% | +51.00% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -36.73% | +23.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 8.56% | +1.28% |
Volatility
BA.L vs. IIPR - Volatility Comparison
BAE Systems plc (BA.L) and Innovative Industrial Properties, Inc. (IIPR) have volatilities of 8.48% and 8.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA.L | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 8.58% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 30.12% | -6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.85% | 40.95% | -11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 41.03% | -15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 48.04% | -22.97% |
Dividends
BA.L vs. IIPR - Dividend Comparison
BA.L's dividend yield for the trailing twelve months is around 1.90%, less than IIPR's 12.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 1.90% | 1.99% | 2.69% | 2.53% | 2.99% | 4.40% | 4.75% | 4.00% | 4.79% | 3.75% | 3.57% | 4.14% |
IIPR Innovative Industrial Properties, Inc. | 12.56% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
Financials
BA.L vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between BAE Systems plc and Innovative Industrial Properties, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BA.L vs. IIPR - Profitability Comparison
BA.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a gross profit of 1.35B and revenue of 14.77B. Therefore, the gross margin over that period was 9.2%.
IIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innovative Industrial Properties, Inc. reported a gross profit of 61.42M and revenue of 69.00M. Therefore, the gross margin over that period was 89.0%.
BA.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported an operating income of 1.35B and revenue of 14.77B, resulting in an operating margin of 9.2%.
IIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innovative Industrial Properties, Inc. reported an operating income of 32.91M and revenue of 69.00M, resulting in an operating margin of 47.7%.
BA.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems plc reported a net income of 1.09B and revenue of 14.77B, resulting in a net margin of 7.4%.
IIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innovative Industrial Properties, Inc. reported a net income of 30.16M and revenue of 69.00M, resulting in a net margin of 43.7%.
Frequently Asked Questions
BA.L and IIPR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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