IIPR vs. BAC
IIPR (Innovative Industrial Properties, Inc.) and BAC (Bank of America Corporation) are both stocks. IIPR operates in REIT - Industrial (Real Estate), while BAC operates in Banks - Diversified (Financial Services). Over the past 5 years, IIPR returned -13.70%/yr vs 7.45%/yr for BAC. At a 0.26 correlation, their price movements are largely independent.
Performance
IIPR vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, IIPR achieves a 29.84% return, which is significantly higher than BAC's -1.43% return.
IIPR
- 1D
- 1.08%
- 1M
- 3.32%
- YTD
- 29.84%
- 6M
- 28.01%
- 1Y
- 23.77%
- 3Y*
- 4.89%
- 5Y*
- -13.70%
- 10Y*
- —
BAC
- 1D
- -0.37%
- 1M
- 5.06%
- YTD
- -1.43%
- 6M
- 0.58%
- 1Y
- 21.86%
- 3Y*
- 25.47%
- 5Y*
- 7.45%
- 10Y*
- 17.09%
IIPR vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 29.84% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
BAC Bank of America Corporation | -1.43% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between IIPR and BAC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.26 |
The correlation between IIPR and BAC shifts across timeframes, from 0.26 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IIPR:
$1.68B
BAC:
$397.80B
IIPR:
$4.14
BAC:
$4.19
IIPR:
14.30
BAC:
12.79
IIPR:
6.37
BAC:
2.32
IIPR:
0.94
BAC:
1.44
IIPR:
$263.23M
BAC:
$174.85B
IIPR:
$195.78M
BAC:
$110.47B
IIPR:
$210.04M
BAC:
$41.74B
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Return for Risk
IIPR vs. BAC — Risk / Return Rank
IIPR
BAC
IIPR vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and Bank of America Corporation (BAC). 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.
| IIPR | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.22 | -0.10 |
| Martin ratioReturn relative to average drawdown | 2.73 | 3.15 | -0.42 |
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
| IIPR | BAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.02 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.28 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.20 | +0.20 |
Drawdowns
IIPR vs. BAC - Drawdown Comparison
The maximum IIPR drawdown since its inception was -78.42%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for IIPR and BAC.
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Drawdown Indicators
| IIPR | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -93.10% | +14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -21.29% | -17.93% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -62.92% | -27.51% | -35.41% |
Max Drawdown (5Y)Largest decline over 5 years | -78.42% | -46.64% | -31.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.95% | — |
Current DrawdownCurrent decline from peak | -68.82% | -5.30% | -63.52% |
Average DrawdownAverage peak-to-trough decline | -37.04% | -28.31% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 6.95% | +1.77% |
Volatility
IIPR vs. BAC - Volatility Comparison
The current volatility for Innovative Industrial Properties, Inc. (IIPR) is 5.83%, while Bank of America Corporation (BAC) has a volatility of 6.59%. This indicates that IIPR experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIPR | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 6.59% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 29.58% | 16.36% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.99% | 21.50% | +19.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.59% | 26.89% | +14.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.41% | 30.70% | +17.71% |
Dividends
IIPR vs. BAC - Dividend Comparison
IIPR's dividend yield for the trailing twelve months is around 12.84%, more than BAC's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.09% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
IIPR Innovative Industrial Properties, Inc. | 12.84% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
Financials
IIPR vs. BAC - Financials Comparison
This section allows you to compare key financial metrics between Innovative Industrial Properties, Inc. and Bank of America Corporation. 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
IIPR vs. BAC - Profitability Comparison
IIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a gross profit of 28.94B and revenue of 30.27B. Therefore, the gross margin over that period was 95.6%.
IIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
BAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported an operating income of 10.40B and revenue of 30.27B, resulting in an operating margin of 34.4%.
IIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
BAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a net income of 8.58B and revenue of 30.27B, resulting in a net margin of 28.4%.
Frequently Asked Questions
IIPR and BAC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (6.59%) compared to IIPR (5.83%). In terms of maximum drawdown, IIPR dropped -78.42% vs BAC's -93.10%.
BAC currently has the higher Sharpe Ratio (1.02 vs 0.58), 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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