CP vs. FR
CP (Canadian Pacific Kansas City Limited) and FR (First Industrial Realty Trust, Inc.) are both stocks. CP operates in Railroads (Industrials), while FR operates in REIT - Industrial (Real Estate). Over the past 10 years, CP returned 13.73%/yr vs 11.71%/yr for FR. At a 0.32 correlation, their price movements are largely independent.
Performance
CP vs. FR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CP achieves a 22.92% return, which is significantly higher than FR's 15.43% return. Over the past 10 years, CP has outperformed FR with an annualized return of 13.73%, while FR has yielded a comparatively lower 11.71% annualized return.
CP
- 1D
- -0.23%
- 1M
- 1.13%
- 6M
- 26.46%
- YTD
- 22.92%
- 1Y
- 11.27%
- 3Y*
- 5.61%
- 5Y*
- 4.68%
- 10Y*
- 13.73%
FR
- 1D
- 0.18%
- 1M
- 4.36%
- 6M
- 11.64%
- YTD
- 15.43%
- 1Y
- 35.94%
- 3Y*
- 9.78%
- 5Y*
- 6.67%
- 10Y*
- 11.71%
CP vs. FR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CP Canadian Pacific Kansas City Limited | 22.92% | 2.60% | -7.84% | 6.85% | 4.71% | 4.64% | 37.33% | 45.04% | -1.81% | 29.32% |
FR First Industrial Realty Trust, Inc. | 15.43% | 18.17% | -2.01% | 11.91% | -25.37% | 60.33% | 4.24% | 47.37% | -5.61% | 15.50% |
Correlation
The correlation between CP and FR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1994 | 0.32 |
The correlation between CP and FR shifts across timeframes, from 0.32 (all time) to 0.47 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CP:
$80.00B
FR:
$8.62B
CP:
$4.49
FR:
$4.02
CP:
20.08
FR:
16.17
CP:
5.46
FR:
7.71
CP:
$14.98B
FR:
$744.49M
CP:
$8.47B
FR:
$450.27M
CP:
$8.30B
FR:
$506.99M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CP vs. FR — Risk / Return Rank
CP
FR
CP vs. FR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Kansas City Limited (CP) and First Industrial Realty Trust, Inc. (FR). 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.
| CP | FR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 3.62 | -2.95 |
| Martin ratioReturn relative to average drawdown | 1.28 | 11.32 | -10.04 |
Loading charts...
Drawdowns
CP vs. FR - Drawdown Comparison
The maximum CP drawdown since its inception was -69.17%, smaller than the maximum FR drawdown of -95.42%. Use the drawdown chart below to compare losses from any high point for CP and FR.
Loading charts...
Drawdown Indicators
| CP | FR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.17% | -95.42% | +26.25% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -10.24% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -25.88% | -25.42% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -35.95% | +10.07% |
Max Drawdown (10Y)Largest decline over 10 years | -33.70% | -41.12% | +7.42% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -25.28% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 3.27% | +5.29% |
Volatility
CP vs. FR - Volatility Comparison
Canadian Pacific Kansas City Limited (CP) and First Industrial Realty Trust, Inc. (FR) have volatilities of 6.17% and 6.30%, 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.
Loading charts...
Volatility by Period
| CP | FR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 6.30% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.32% | 14.64% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 20.14% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.35% | 22.91% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.52% | 24.39% | +1.13% |
Dividends
CP vs. FR - Dividend Comparison
CP's dividend yield for the trailing twelve months is around 0.76%, less than FR's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CP Canadian Pacific Kansas City Limited | 0.76% | 0.86% | 0.76% | 0.78% | 0.96% | 0.84% | 0.76% | 0.93% | 1.07% | 0.92% | 0.98% | 0.98% |
FR First Industrial Realty Trust, Inc. | 2.91% | 3.11% | 2.95% | 2.43% | 2.45% | 1.63% | 2.37% | 2.22% | 3.01% | 2.67% | 2.71% | 2.30% |
Financials
CP vs. FR - Financials Comparison
This section allows you to compare key financial metrics between Canadian Pacific Kansas City Limited and First Industrial Realty Trust, 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
CP vs. FR - Profitability Comparison
CP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Canadian Pacific Kansas City Limited reported a gross profit of 2.55B and revenue of 3.70B. Therefore, the gross margin over that period was 69.0%.
FR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, First Industrial Realty Trust, Inc. reported a gross profit of 141.21M and revenue of 194.83M. Therefore, the gross margin over that period was 72.5%.
CP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Canadian Pacific Kansas City Limited reported an operating income of 1.26B and revenue of 3.70B, resulting in an operating margin of 34.0%.
FR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, First Industrial Realty Trust, Inc. reported an operating income of 118.24M and revenue of 194.83M, resulting in an operating margin of 60.7%.
CP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Canadian Pacific Kansas City Limited reported a net income of 846.00M and revenue of 3.70B, resulting in a net margin of 22.9%.
FR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, First Industrial Realty Trust, Inc. reported a net income of 155.84M and revenue of 194.83M, resulting in a net margin of 80.0%.
Frequently Asked Questions
CP and FR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FR has higher volatility (6.30%) compared to CP (6.17%). In terms of maximum drawdown, CP dropped -69.17% vs FR's -95.42%.
FR currently has the higher Sharpe Ratio (1.85 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CP and FR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer