ICF vs. O
ICF (iShares Cohen & Steers REIT ETF) is REIT fund tracking the Cohen & Steers Realty Majors Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, ICF returned 5.11%/yr vs 4.13%/yr for O. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
ICF vs. O - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ICF having a 15.53% return and O slightly lower at 15.17%. Over the past 10 years, ICF has outperformed O with an annualized return of 5.11%, while O has yielded a comparatively lower 4.13% annualized return.
ICF
- 1D
- -0.12%
- 1M
- -0.34%
- 6M
- 12.79%
- YTD
- 15.53%
- 1Y
- 15.37%
- 3Y*
- 9.09%
- 5Y*
- 2.59%
- 10Y*
- 5.11%
O
- 1D
- -0.80%
- 1M
- 2.24%
- 6M
- 7.65%
- YTD
- 15.17%
- 1Y
- 17.83%
- 3Y*
- 7.11%
- 5Y*
- 3.93%
- 10Y*
- 4.13%
ICF vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 15.53% | 1.85% | 5.30% | 10.36% | -26.12% | 44.17% | -5.43% | 25.48% | -2.55% | 4.90% |
O Realty Income Corporation | 15.17% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between ICF and O is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2001 | 0.77 |
The correlation between ICF and O has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
ICF vs. O — Risk / Return Rank
ICF
O
ICF vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) and Realty Income Corporation (O). 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.
| ICF | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.61 | +0.27 |
| Martin ratioReturn relative to average drawdown | 5.36 | 3.67 | +1.68 |
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Drawdowns
ICF vs. O - Drawdown Comparison
The maximum ICF drawdown since its inception was -76.74%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for ICF and O.
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Drawdown Indicators
| ICF | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -48.45% | -28.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -11.10% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.25% | -26.49% | +9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -34.74% | -34.48% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -48.28% | +8.06% |
Current DrawdownCurrent decline from peak | -1.36% | -4.72% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -9.20% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 4.86% | -1.99% |
Volatility
ICF vs. O - Volatility Comparison
The current volatility for iShares Cohen & Steers REIT ETF (ICF) is 4.88%, while Realty Income Corporation (O) has a volatility of 5.92%. This indicates that ICF experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICF | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 5.92% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 12.55% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 16.67% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 18.98% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 25.65% | -5.03% |
Dividends
ICF vs. O - Dividend Comparison
ICF's dividend yield for the trailing twelve months is around 2.43%, less than O's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 2.43% | 2.88% | 2.66% | 2.76% | 2.64% | 1.82% | 2.38% | 2.55% | 3.20% | 3.10% | 4.21% | 3.30% |
O Realty Income Corporation | 5.12% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Frequently Asked Questions
ICF and O have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.92%) compared to ICF (4.88%). In terms of maximum drawdown, ICF dropped -76.74% vs O's -48.45%.
O currently has the higher Sharpe Ratio (1.10 vs 1.08), 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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