FR vs. INGR

Last updated Jun 3, 2026

FR (First Industrial Realty Trust, Inc.) and INGR (Ingredion Incorporated) are both stocks. FR operates in REIT - Industrial (Real Estate), while INGR operates in Packaged Foods (Consumer Defensive). Over the past 10 years, FR returned 12.16%/yr vs 0.94%/yr for INGR. At a 0.32 correlation, their price movements are largely independent.

Performance

FR vs. INGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Industrial Realty Trust, Inc. (FR) and Ingredion Incorporated (INGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FR achieves a 5.78% return, which is significantly higher than INGR's -6.92% return. Over the past 10 years, FR has outperformed INGR with an annualized return of 12.16%, while INGR has yielded a comparatively lower 0.94% annualized return.

FR

• 1D: 0.60%
• 1M: -3.36%
• YTD: 5.78%
• 6M: 8.22%
• 1Y: 25.57%
• 3Y*: 7.13%
• 5Y*: 5.69%
• 10Y*: 12.16%

INGR

• 1D: -0.62%
• 1M: -8.43%
• YTD: -6.92%
• 6M: -4.69%
• 1Y: -25.20%
• 3Y*: 0.64%
• 5Y*: 3.78%
• 10Y*: 0.94%

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

FR vs. INGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FR First Industrial Realty Trust, Inc.	5.78%	18.17%	-2.01%	11.91%	-25.37%	60.33%	4.24%	47.37%	-5.61%	15.50%
INGR Ingredion Incorporated	-6.92%	-17.86%	29.22%	14.08%	4.47%	26.35%	-12.55%	4.70%	-33.10%	13.87%

Correlation

The correlation between FR and INGR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 12, 1997	0.32

Fundamentals

EPS FR : $3.57 INGR : $13.96
PE Ratio FR : 16.80 INGR : 7.24
PS Ratio FR : 8.02 INGR : 0.91
Total Revenue (TTM) FR : $744.49M INGR : $5.41B
Gross Profit (TTM) FR : $450.27M INGR : $1.36B
EBITDA (TTM) FR : $506.99M INGR : $902.00M

Return for Risk

FR vs. INGR — Risk / Return Rank

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

FR

FR Risk / Return Rank: 76
FR Sharpe Ratio Rank: 78
FR Sortino Ratio Rank: 73
FR Omega Ratio Rank: 69
FR Calmar Ratio Rank: 79
FR Martin Ratio Rank: 83

INGR

INGR Risk / Return Rank: 2
INGR Sharpe Ratio Rank: 0
INGR Sortino Ratio Rank: 2
INGR Omega Ratio Rank: 3
INGR Calmar Ratio Rank: 2
INGR Martin Ratio Rank: 3

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.

FR vs. INGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Industrial Realty Trust, Inc. (FR) and Ingredion Incorporated (INGR). 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.

	FR	INGR	Difference
Sharpe ratio Return per unit of total volatility	1.31	-1.54	+2.85
Sortino ratio Return per unit of downside risk	1.93	-2.10	+4.03
Omega ratio Gain probability vs. loss probability	1.22	0.75	+0.47
Calmar ratio Return relative to maximum drawdown	2.51	-0.97	+3.48
Martin ratio Return relative to average drawdown	8.05	-1.65	+9.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FR vs. INGR - Sharpe Ratio Comparison

The current FR Sharpe Ratio is 1.31, which is higher than the INGR Sharpe Ratio of -1.54. The chart below compares the historical Sharpe Ratios of FR and INGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FR	INGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	-1.54	+2.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.18	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.04	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.29	-0.09

Drawdowns

FR vs. INGR - Drawdown Comparison

The maximum FR drawdown since its inception was -95.42%, which is greater than INGR's maximum drawdown of -64.20%. Use the drawdown chart below to compare losses from any high point for FR and INGR.

Drawdown Indicators

	FR	INGR	Difference
Max Drawdown Largest peak-to-trough decline	-95.42%	-64.20%	-31.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-26.04%	+15.80%
Max Drawdown (3Y) Largest decline over 3 years	-25.42%	-32.62%	+7.20%
Max Drawdown (5Y) Largest decline over 5 years	-35.95%	-32.62%	-3.33%
Max Drawdown (10Y) Largest decline over 10 years	-41.12%	-56.14%	+15.02%
Current Drawdown Current decline from peak	-6.75%	-32.09%	+25.34%
Average Drawdown Average peak-to-trough decline	-25.36%	-18.31%	-7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	15.37%	-12.18%

Volatility

FR vs. INGR - Volatility Comparison

First Industrial Realty Trust, Inc. (FR) and Ingredion Incorporated (INGR) have volatilities of 5.73% and 5.92%, 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.

Volatility by Period

	FR	INGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	5.92%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	13.68%	11.73%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	16.40%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	21.28%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.36%	24.88%	-0.52%

Dividends

FR vs. INGR - Dividend Comparison

FR's dividend yield for the trailing twelve months is around 3.06%, less than INGR's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FR First Industrial Realty Trust, Inc.	3.06%	3.11%	2.95%	2.43%	2.45%	1.63%	2.37%	2.22%	3.01%	2.67%	2.71%	2.30%
INGR Ingredion Incorporated	3.22%	2.92%	1.72%	2.75%	2.78%	2.67%	3.23%	2.70%	2.68%	1.57%	1.52%	1.82%

Financials

Frequently Asked Questions

Can I hold both FR and INGR in my portfolio?

FR and INGR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FR or INGR?

INGR has higher volatility (5.92%) compared to FR (5.73%). In terms of maximum drawdown, FR dropped -95.42% vs INGR's -64.20%.

Which has better risk-adjusted returns?

FR currently has the higher Sharpe Ratio (1.31 vs -1.54), 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.