IIPR vs. BTI
IIPR (Innovative Industrial Properties, Inc.) and BTI (British American Tobacco p.l.c.) are both stocks. IIPR operates in REIT - Industrial (Real Estate), while BTI operates in Tobacco (Consumer Defensive). Over the past 5 years, IIPR returned -13.57%/yr vs 17.96%/yr for BTI. At a 0.14 correlation, their price movements are largely independent.
Performance
IIPR vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, IIPR achieves a 32.69% return, which is significantly higher than BTI's 11.67% return.
IIPR
- 1D
- -2.07%
- 1M
- 12.06%
- YTD
- 32.69%
- 6M
- 15.09%
- 1Y
- 24.22%
- 3Y*
- 4.81%
- 5Y*
- -13.57%
- 10Y*
- —
BTI
- 1D
- 1.51%
- 1M
- -4.26%
- YTD
- 11.67%
- 6M
- 12.20%
- 1Y
- 35.30%
- 3Y*
- 34.54%
- 5Y*
- 17.96%
- 10Y*
- 7.69%
IIPR vs. BTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 32.69% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
BTI British American Tobacco p.l.c. | 11.67% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between IIPR and BTI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.14 |
The correlation between IIPR and BTI shifts across timeframes, from 0.05 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IIPR:
$1.72B
BTI:
$136.67B
IIPR:
$4.14
BTI:
£4.93
IIPR:
14.62
BTI:
9.44
IIPR:
6.51
BTI:
1.99
IIPR:
0.96
BTI:
2.13
IIPR:
$263.23M
BTI:
£51.48B
IIPR:
$195.78M
BTI:
£42.82B
IIPR:
$210.04M
BTI:
£20.34B
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Return for Risk
IIPR vs. BTI — Risk / Return Rank
IIPR
BTI
IIPR vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and British American Tobacco p.l.c. (BTI). 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.
| IIPR | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.62 | -1.53 |
| Martin ratioReturn relative to average drawdown | 2.65 | 5.89 | -3.24 |
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Drawdowns
IIPR vs. BTI - Drawdown Comparison
The maximum IIPR drawdown since its inception was -78.42%, which is greater than BTI's maximum drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for IIPR and BTI.
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Drawdown Indicators
| IIPR | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -64.11% | -14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -21.29% | -13.75% | -7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -62.92% | -13.75% | -49.17% |
Max Drawdown (5Y)Largest decline over 5 years | -78.42% | -29.94% | -48.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.00% | — |
Current DrawdownCurrent decline from peak | -68.14% | -6.57% | -61.57% |
Average DrawdownAverage peak-to-trough decline | -37.34% | -12.93% | -24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 6.10% | +2.63% |
Volatility
IIPR vs. BTI - Volatility Comparison
Innovative Industrial Properties, Inc. (IIPR) has a higher volatility of 9.13% compared to British American Tobacco p.l.c. (BTI) at 7.53%. This indicates that IIPR's price experiences larger fluctuations and is considered to be riskier than BTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIPR | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 7.53% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 30.31% | 18.39% | +11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.56% | 22.78% | +18.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.71% | 21.16% | +20.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.46% | 24.20% | +24.26% |
Dividends
IIPR vs. BTI - Dividend Comparison
IIPR's dividend yield for the trailing twelve months is around 12.56%, more than BTI's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 4.95% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
IIPR Innovative Industrial Properties, Inc. | 12.56% | 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. BTI - Financials Comparison
This section allows you to compare key financial metrics between Innovative Industrial Properties, Inc. and British American Tobacco p.l.c.. 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. BTI - 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%.
BTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a gross profit of 11.30B and revenue of 13.54B. Therefore, the gross margin over that period was 83.4%.
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%.
BTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported an operating income of 4.93B and revenue of 13.54B, resulting in an operating margin of 36.4%.
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%.
BTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, British American Tobacco p.l.c. reported a net income of 3.25B and revenue of 13.54B, resulting in a net margin of 24.0%.
Frequently Asked Questions
IIPR and BTI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (9.13%) compared to BTI (7.53%). In terms of maximum drawdown, IIPR dropped -78.42% vs BTI's -64.11%.
BTI currently has the higher Sharpe Ratio (1.58 vs 0.56), 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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