GLPI vs. VICI

Last updated Apr 1, 2026

Compare and contrast key facts about Gaming and Leisure Properties, Inc. (GLPI) and VICI Properties Inc. (VICI).

Performance

GLPI vs. VICI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gaming and Leisure Properties, Inc. (GLPI) and VICI Properties Inc. (VICI). The values are adjusted to include any dividend payments, if applicable.

GLPI vs. VICI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLPI Gaming and Leisure Properties, Inc.	0.91%	-0.80%	3.95%	0.92%	13.49%	22.10%	4.18%	42.88%	-5.89%	2.69%
VICI VICI Properties Inc.	-1.26%	1.90%	-3.07%	3.58%	13.01%	23.77%	6.00%	43.23%	-3.62%	10.51%

Fundamentals

Market Cap GLPI : $12.42B VICI : $29.19B
EPS GLPI : $2.94 VICI : $2.61
PE Ratio GLPI : 15.08 VICI : 10.48
PEG Ratio GLPI : 0.08 VICI : 0.59
PB Ratio GLPI : 2.68 VICI : 1.05
Total Revenue (TTM) GLPI : $0.00 VICI : $4.01B
Gross Profit (TTM) GLPI : $0.00 VICI : $2.98B
EBITDA (TTM) GLPI : $926.88M VICI : $2.85B

Returns By Period

In the year-to-date period, GLPI achieves a 0.91% return, which is significantly higher than VICI's -1.26% return.

GLPI

• 1D: 0.96%
• 1M: -7.80%
• YTD: 0.91%
• 6M: -1.45%
• 1Y: -6.74%
• 3Y*: 1.05%
• 5Y*: 6.83%
• 10Y*: 10.49%

VICI

• 1D: 0.77%
• 1M: -8.09%
• YTD: -1.26%
• 6M: -13.48%
• 1Y: -11.11%
• 3Y*: -0.30%
• 5Y*: 4.30%
• 10Y*: —

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

Return for Risk

GLPI vs. VICI — Risk / Return Rank

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

GLPI

GLPI Risk / Return Rank: 26
GLPI Sharpe Ratio Rank: 26
GLPI Sortino Ratio Rank: 22
GLPI Omega Ratio Rank: 23
GLPI Calmar Ratio Rank: 29
GLPI Martin Ratio Rank: 29

VICI

VICI Risk / Return Rank: 19
VICI Sharpe Ratio Rank: 15
VICI Sortino Ratio Rank: 15
VICI Omega Ratio Rank: 16
VICI Calmar Ratio Rank: 25
VICI Martin Ratio Rank: 24

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.

GLPI vs. VICI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gaming and Leisure Properties, Inc. (GLPI) and VICI Properties Inc. (VICI). 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.

	GLPI	VICI	Difference
Sharpe ratio Return per unit of total volatility	-0.36	-0.62	+0.26
Sortino ratio Return per unit of downside risk	-0.40	-0.79	+0.39
Omega ratio Gain probability vs. loss probability	0.96	0.91	+0.05
Calmar ratio Return relative to maximum drawdown	-0.40	-0.53	+0.13
Martin ratio Return relative to average drawdown	-0.80	-1.04	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLPI vs. VICI - Sharpe Ratio Comparison

The current GLPI Sharpe Ratio is -0.36, which is higher than the VICI Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of GLPI and VICI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLPI	VICI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	-0.62	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.20	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.35	+0.01

Correlation

The correlation between GLPI and VICI is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GLPI vs. VICI - Dividend Comparison

GLPI's dividend yield for the trailing twelve months is around 7.03%, more than VICI's 6.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLPI Gaming and Leisure Properties, Inc.	7.03%	6.94%	6.31%	6.38%	5.38%	5.96%	5.33%	6.36%	7.95%	6.76%	7.58%	7.84%
VICI VICI Properties Inc.	6.52%	6.28%	5.80%	5.05%	4.63%	4.58%	4.92%	4.58%	5.31%	0.00%	0.00%	0.00%

Drawdowns

GLPI vs. VICI - Drawdown Comparison

The maximum GLPI drawdown since its inception was -69.44%, which is greater than VICI's maximum drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for GLPI and VICI.

Drawdown Indicators

	GLPI	VICI	Difference
Max Drawdown Largest peak-to-trough decline	-69.44%	-60.21%	-9.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	-17.88%	+3.55%
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	-18.61%	+1.49%
Max Drawdown (10Y) Largest decline over 10 years	-69.44%	—	—
Current Drawdown Current decline from peak	-9.48%	-15.69%	+6.21%
Average Drawdown Average peak-to-trough decline	-8.36%	-8.07%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	9.07%	-1.76%

Volatility

GLPI vs. VICI - Volatility Comparison

The current volatility for Gaming and Leisure Properties, Inc. (GLPI) is 4.28%, while VICI Properties Inc. (VICI) has a volatility of 6.75%. This indicates that GLPI experiences smaller price fluctuations and is considered to be less risky than VICI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLPI	VICI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	6.75%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	12.15%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	18.12%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	21.14%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.81%	29.50%	-0.69%

Financials

GLPI vs. VICI - Profitability Comparison

The chart below illustrates the profitability comparison between Gaming and Leisure Properties, Inc. and VICI Properties Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GLPI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Gaming and Leisure Properties, Inc. reported a gross profit of -1.15B and revenue of -1.19B. Therefore, the gross margin over that period was 96.5%.

VICI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, VICI Properties Inc. reported a gross profit of 0.00 and revenue of 1.01B. Therefore, the gross margin over that period was 0.0%.

GLPI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Gaming and Leisure Properties, Inc. reported an operating income of -838.06M and revenue of -1.19B, resulting in an operating margin of 70.6%.

VICI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, VICI Properties Inc. reported an operating income of 0.00 and revenue of 1.01B, resulting in an operating margin of 0.0%.

GLPI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Gaming and Leisure Properties, Inc. reported a net income of 267.30M and revenue of -1.19B, resulting in a net margin of -22.5%.

VICI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, VICI Properties Inc. reported a net income of 604.77M and revenue of 1.01B, resulting in a net margin of 60.2%.