IDAT vs. IIPR
Compare and contrast key facts about iShares Cloud 5G and Tech ETF (IDAT) and Innovative Industrial Properties, Inc. (IIPR).
IDAT is a passively managed fund by iShares that tracks the performance of the Morningstar Global Digital Infrastructure & Connectivity Index. It was launched on Jun 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDAT or IIPR.
Key characteristics
| IDAT | IIPR | |
|---|---|---|
| YTD Return | 18.93% | 10.83% |
| 1Y Return | 42.34% | 51.38% |
| 3Y Return (Ann) | 4.51% | -22.56% |
| Sharpe Ratio | 1.96 | 1.51 |
| Sortino Ratio | 2.56 | 2.04 |
| Omega Ratio | 1.33 | 1.28 |
| Calmar Ratio | 1.76 | 0.67 |
| Martin Ratio | 8.64 | 8.62 |
| Ulcer Index | 4.68% | 5.46% |
| Daily Std Dev | 20.67% | 31.12% |
| Max Drawdown | -38.40% | -75.43% |
| Current Drawdown | -1.28% | -54.35% |
Correlation
The correlation between IDAT and IIPR is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IDAT vs. IIPR - Performance Comparison
In the year-to-date period, IDAT achieves a 18.93% return, which is significantly higher than IIPR's 10.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IDAT vs. IIPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cloud 5G and Tech ETF (IDAT) 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.
Dividends
IDAT vs. IIPR - Dividend Comparison
IDAT's dividend yield for the trailing twelve months is around 0.76%, less than IIPR's 6.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
IDAT iShares Cloud 5G and Tech ETF | 0.76% | 0.68% | 0.85% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% |
IIPR Innovative Industrial Properties, Inc. | 6.99% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% |
Drawdowns
IDAT vs. IIPR - Drawdown Comparison
The maximum IDAT drawdown since its inception was -38.40%, smaller than the maximum IIPR drawdown of -75.43%. Use the drawdown chart below to compare losses from any high point for IDAT and IIPR. For additional features, visit the drawdowns tool.
Volatility
IDAT vs. IIPR - Volatility Comparison
The current volatility for iShares Cloud 5G and Tech ETF (IDAT) is 5.22%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 14.76%. This indicates that IDAT experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.