CWH vs. IIPR
CWH (Camping World Holdings, Inc.) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. CWH operates in Recreational Vehicles (Consumer Cyclical), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, CWH returned -27.64%/yr vs -15.61%/yr for IIPR. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
CWH vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, CWH achieves a -36.38% return, which is significantly lower than IIPR's 33.00% return.
CWH
- 1D
- -1.75%
- 1M
- -14.38%
- 6M
- -53.07%
- YTD
- -36.38%
- 1Y
- -54.55%
- 3Y*
- -40.40%
- 5Y*
- -27.64%
- 10Y*
- —
- ALL TIME*
- -8.94%
IIPR
- 1D
- -3.24%
- 1M
- -7.18%
- 6M
- 30.36%
- YTD
- 33.00%
- 1Y
- 32.04%
- 3Y*
- 1.56%
- 5Y*
- -15.61%
- 10Y*
- —
- ALL TIME*
- 18.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.95M | $15.91M | $17.18M | |
| $19.89M | $19.18M | $22.61M |
CWH vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWH Camping World Holdings, Inc. | -36.38% | -52.24% | -17.93% | 25.13% | -39.63% | 61.88% | 90.21% | 35.35% | -73.62% | 40.00% |
IIPR Innovative Industrial Properties, Inc. | 33.00% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between CWH and IIPR is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.30 |
The correlation between CWH and IIPR shifts across timeframes, from 0.30 (all time) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CWH:
$393.19M
IIPR:
$1.71B
CWH:
-$1.54
IIPR:
$4.14
CWH:
0.06
IIPR:
6.34
CWH:
1.62
IIPR:
0.94
CWH:
$6.27B
IIPR:
$263.23M
CWH:
$1.80B
IIPR:
$195.78M
CWH:
$403.69M
IIPR:
$210.04M
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Return for Risk
CWH vs. IIPR — Risk / Return Rank
CWH
IIPR
CWH vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camping World Holdings, Inc. (CWH) 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.
| CWH | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.17 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.47 | -2.27 |
| Martin ratioReturn relative to average drawdown | -1.23 | 3.76 | -4.98 |
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Drawdowns
CWH vs. IIPR - Drawdown Comparison
The maximum CWH drawdown since its inception was -90.83%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for CWH and IIPR.
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Drawdown Indicators
| CWH | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.83% | -78.42% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -67.94% | -21.29% | -46.65% |
Max Drawdown (3Y)Largest decline over 3 years | -79.12% | -62.92% | -16.20% |
Max Drawdown (5Y)Largest decline over 5 years | -84.69% | -78.42% | -6.27% |
Current DrawdownCurrent decline from peak | -83.69% | -68.06% | -15.63% |
Average DrawdownAverage peak-to-trough decline | -41.94% | -37.73% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.33% | 8.32% | +36.01% |
Volatility
CWH vs. IIPR - Volatility Comparison
Camping World Holdings, Inc. (CWH) has a higher volatility of 19.94% compared to Innovative Industrial Properties, Inc. (IIPR) at 6.43%. This indicates that CWH's price experiences larger fluctuations and is considered to be riskier than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWH | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.94% | 6.43% | +13.51% |
Volatility (6M)Calculated over the trailing 6-month period | 55.44% | 27.57% | +27.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.07% | 41.17% | +30.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.91% | 41.65% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.73% | 48.20% | +14.53% |
Dividends
CWH vs. IIPR - Dividend Comparison
CWH's dividend yield for the trailing twelve months is around 4.04%, less than IIPR's 12.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CWH Camping World Holdings, Inc. | 4.04% | 5.14% | 2.37% | 5.71% | 11.20% | 4.28% | 5.67% | 4.16% | 5.34% | 1.66% | 0.25% |
IIPR Innovative Industrial Properties, Inc. | 12.92% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% |
Financials
CWH vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Camping World Holdings, Inc. 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
CWH vs. IIPR - Profitability Comparison
CWH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Camping World Holdings, Inc. reported a gross profit of 538.38M and revenue of 1.93B. Therefore, the gross margin over that period was 27.8%.
IIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
CWH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Camping World Holdings, Inc. reported an operating income of 91.85M and revenue of 1.93B, resulting in an operating margin of 4.8%.
IIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
CWH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Camping World Holdings, Inc. reported a net income of 26.86M and revenue of 1.93B, resulting in a net margin of 1.4%.
IIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
CWH and IIPR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWH has higher volatility (19.94%) compared to IIPR (6.43%). In terms of maximum drawdown, CWH dropped -90.83% vs IIPR's -78.42%.
IIPR currently has the higher Sharpe Ratio (0.76 vs -0.76), 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.
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