DLR vs. FR
DLR (Digital Realty Trust, Inc.) and FR (First Industrial Realty Trust, Inc.) are both stocks. Both are in the Real Estate sector — DLR in REIT - Specialty, FR in REIT - Industrial. Over the past 10 years, DLR returned 9.76%/yr vs 11.45%/yr for FR. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
DLR vs. FR - Performance Comparison
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Returns By Period
In the year-to-date period, DLR achieves a 23.50% return, which is significantly higher than FR's 16.90% return. Over the past 10 years, DLR has underperformed FR with an annualized return of 9.76%, while FR has yielded a comparatively higher 11.45% annualized return.
DLR
- 1D
- -2.42%
- 1M
- 8.78%
- 6M
- 15.14%
- YTD
- 23.50%
- 1Y
- 12.63%
- 3Y*
- 18.81%
- 5Y*
- 7.72%
- 10Y*
- 9.76%
- ALL TIME*
- 18.05%
FR
- 1D
- -0.21%
- 1M
- 5.51%
- 6M
- 15.37%
- YTD
- 16.90%
- 1Y
- 42.13%
- 3Y*
- 11.75%
- 5Y*
- 6.64%
- 10Y*
- 11.45%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $649.02M | $598.96M | $548.08M | |
| $80.31M | $90.64M | $71.86M |
DLR vs. FR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLR Digital Realty Trust, Inc. | 23.50% | -10.07% | 35.90% | 39.95% | -41.00% | 30.66% | 20.37% | 16.52% | -3.00% | 19.80% |
FR First Industrial Realty Trust, Inc. | 16.90% | 18.17% | -2.01% | 11.91% | -25.37% | 60.33% | 4.24% | 47.37% | -5.61% | 15.50% |
Correlation
The correlation between DLR and FR is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2004 | 0.53 |
The correlation between DLR and FR shifts across timeframes, from 0.36 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DLR:
$69.75B
FR:
$8.73B
DLR:
$1.39
FR:
$3.80
DLR:
135.95
FR:
17.35
DLR:
9.13
FR:
8.61
DLR:
$5.44B
FR:
$759.61M
DLR:
$780.71M
FR:
$463.00M
DLR:
$2.41B
FR:
$389.82M
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Return for Risk
DLR vs. FR — Risk / Return Rank
DLR
FR
DLR vs. FR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Digital Realty Trust, Inc. (DLR) 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.
| DLR | FR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.89 | -3.30 |
| Martin ratioReturn relative to average drawdown | 1.36 | 12.89 | -11.53 |
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Drawdowns
DLR vs. FR - Drawdown Comparison
The maximum DLR drawdown since its inception was -56.80%, smaller than the maximum FR drawdown of -95.42%. Use the drawdown chart below to compare losses from any high point for DLR and FR.
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Drawdown Indicators
| DLR | FR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.80% | -95.42% | +38.62% |
Max Drawdown (1Y)Largest decline over 1 year | -16.83% | -10.24% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -25.11% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -48.52% | -35.95% | -12.57% |
Max Drawdown (10Y)Largest decline over 10 years | -48.52% | -41.12% | -7.40% |
Current DrawdownCurrent decline from peak | -6.93% | -4.39% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -25.24% | +14.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 3.09% | +4.36% |
Volatility
DLR vs. FR - Volatility Comparison
Digital Realty Trust, Inc. (DLR) has a higher volatility of 12.89% compared to First Industrial Realty Trust, Inc. (FR) at 6.25%. This indicates that DLR's price experiences larger fluctuations and is considered to be riskier than FR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLR | FR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.89% | 6.25% | +6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 15.07% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.82% | 20.26% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.27% | 22.98% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.49% | 24.44% | +4.05% |
Dividends
DLR vs. FR - Dividend Comparison
DLR's dividend yield for the trailing twelve months is around 2.59%, less than FR's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLR Digital Realty Trust, Inc. | 2.59% | 3.15% | 2.75% | 3.63% | 4.87% | 2.62% | 3.21% | 3.61% | 3.79% | 3.27% | 3.58% | 4.50% |
FR First Industrial Realty Trust, Inc. | 2.87% | 3.11% | 2.95% | 2.43% | 2.45% | 1.63% | 2.37% | 2.22% | 3.01% | 2.67% | 2.71% | 2.30% |
Financials
DLR vs. FR - Financials Comparison
This section allows you to compare key financial metrics between Digital Realty Trust, Inc. 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
Frequently Asked Questions
DLR and FR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLR has higher volatility (12.89%) compared to FR (6.25%). In terms of maximum drawdown, DLR dropped -56.80% vs FR's -95.42%.
FR currently has the higher Sharpe Ratio (1.97 vs 0.37), 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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