GTBIF vs. IIPR
GTBIF (Green Thumb Industries Inc) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. GTBIF operates in Drug Manufacturers - Specialty & Generic (Healthcare), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, GTBIF returned -24.71%/yr vs -15.61%/yr for IIPR. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
GTBIF vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, GTBIF achieves a -11.65% return, which is significantly lower than IIPR's 33.00% return.
GTBIF
- 1D
- 1.43%
- 1M
- -6.58%
- 6M
- 6.61%
- YTD
- -11.65%
- 1Y
- 5.19%
- 3Y*
- -0.05%
- 5Y*
- -24.71%
- 10Y*
- 70.90%
- ALL TIME*
- -2.93%
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) |
|---|---|---|---|
| $3.25M | $4.27M | $3.97M | |
| $19.89M | $19.18M | $22.61M |
GTBIF vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTBIF Green Thumb Industries Inc | -11.65% | -1.64% | -27.64% | 30.67% | -61.01% | -9.55% | 151.28% | 21.42% | 40,051.00% | -30.31% |
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 GTBIF 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. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.23 |
Fundamentals
GTBIF:
$1.65B
IIPR:
$1.71B
GTBIF:
$0.52
IIPR:
$4.14
GTBIF:
13.55
IIPR:
14.21
GTBIF:
1.38
IIPR:
6.34
GTBIF:
0.87
IIPR:
0.94
GTBIF:
$1.20B
IIPR:
$263.23M
GTBIF:
$575.26M
IIPR:
$195.78M
GTBIF:
$438.97M
IIPR:
$210.04M
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Return for Risk
GTBIF vs. IIPR — Risk / Return Rank
GTBIF
IIPR
GTBIF vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Green Thumb Industries Inc (GTBIF) 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.
| GTBIF | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.47 | -0.99 |
| Martin ratioReturn relative to average drawdown | 0.87 | 3.76 | -2.89 |
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Drawdowns
GTBIF vs. IIPR - Drawdown Comparison
The maximum GTBIF drawdown since its inception was -99.97%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for GTBIF and IIPR.
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Drawdown Indicators
| GTBIF | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -78.42% | -21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -42.24% | -21.29% | -20.95% |
Max Drawdown (3Y)Largest decline over 3 years | -68.66% | -62.92% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -85.40% | -78.42% | -6.98% |
Max Drawdown (10Y)Largest decline over 10 years | -92.86% | — | — |
Current DrawdownCurrent decline from peak | -81.53% | -68.06% | -13.47% |
Average DrawdownAverage peak-to-trough decline | -78.98% | -37.73% | -41.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.23% | 8.32% | +14.91% |
Volatility
GTBIF vs. IIPR - Volatility Comparison
Green Thumb Industries Inc (GTBIF) has a higher volatility of 11.50% compared to Innovative Industrial Properties, Inc. (IIPR) at 6.43%. This indicates that GTBIF'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
| GTBIF | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.50% | 6.43% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 46.09% | 27.57% | +18.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.24% | 41.17% | +55.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.05% | 41.65% | +30.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46,681.98% | 48.20% | +46,633.78% |
Dividends
GTBIF vs. IIPR - Dividend Comparison
GTBIF has not paid dividends to shareholders, while IIPR's dividend yield for the trailing twelve months is around 12.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GTBIF Green Thumb Industries Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Financials
GTBIF vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Green Thumb Industries 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
GTBIF vs. IIPR - Profitability Comparison
GTBIF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Green Thumb Industries Inc reported a gross profit of 143.65M and revenue of 300.19M. Therefore, the gross margin over that period was 47.9%.
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%.
GTBIF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Green Thumb Industries Inc reported an operating income of 40.73M and revenue of 300.19M, resulting in an operating margin of 13.6%.
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%.
GTBIF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Green Thumb Industries Inc reported a net income of 15.40M and revenue of 300.19M, resulting in a net margin of 5.1%.
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
GTBIF 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.
GTBIF has higher volatility (11.50%) compared to IIPR (6.43%). In terms of maximum drawdown, GTBIF dropped -99.97% vs IIPR's -78.42%.
IIPR currently has the higher Sharpe Ratio (0.76 vs 0.21), 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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