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 5.54%/yr vs 4.58%/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
In the year-to-date period, ICF achieves a 12.19% return, which is significantly higher than O's 8.26% return. Over the past 10 years, ICF has outperformed O with an annualized return of 5.54%, while O has yielded a comparatively lower 4.58% annualized return.
ICF
- 1D
- 0.17%
- 1M
- -0.92%
- YTD
- 12.19%
- 6M
- 11.56%
- 1Y
- 11.29%
- 3Y*
- 10.12%
- 5Y*
- 3.01%
- 10Y*
- 5.54%
O
- 1D
- -0.32%
- 1M
- -5.46%
- YTD
- 8.26%
- 6M
- 5.55%
- 1Y
- 12.57%
- 3Y*
- 5.73%
- 5Y*
- 2.47%
- 10Y*
- 4.58%
ICF vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 12.19% | 1.85% | 5.30% | 10.36% | -26.12% | 44.17% | -5.43% | 25.48% | -2.55% | 4.90% |
O Realty Income Corporation | 8.26% | 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 0.67, 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 | 0.67 |
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 5, 2001 | 0.77 |
The correlation between ICF and O shifts across timeframes, from 0.67 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.
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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.
| ICF | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.14 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.92 | 2.88 | +1.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICF | O | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.79 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.13 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.18 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.48 | -0.17 |
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 | -2.67% | -10.44% | +7.77% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -9.21% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 4.37% | -1.49% |
Volatility
ICF vs. O - Volatility Comparison
The current volatility for iShares Cohen & Steers REIT ETF (ICF) is 3.71%, while Realty Income Corporation (O) has a volatility of 5.48%. 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 | 3.71% | 5.48% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 11.72% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 15.95% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 18.87% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 25.63% | -5.05% |
Dividends
ICF vs. O - Dividend Comparison
ICF's dividend yield for the trailing twelve months is around 2.48%, less than O's 5.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 2.48% | 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 | 5.42% | 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 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.48%) compared to ICF (3.71%). In terms of maximum drawdown, ICF dropped -76.74% vs O's -48.45%.
ICF currently has the higher Sharpe Ratio (0.84 vs 0.79), 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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