IIPR vs. IDAT
Compare and contrast key facts about Innovative Industrial Properties, Inc. (IIPR) and iShares Cloud 5G and Tech ETF (IDAT).
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: IIPR or IDAT.
Performance
IIPR vs. IDAT - Performance Comparison
Returns By Period
In the year-to-date period, IIPR achieves a 7.04% return, which is significantly lower than IDAT's 13.63% return.
IIPR
7.04%
-22.86%
-6.94%
39.55%
10.48%
N/A
IDAT
13.63%
-4.13%
3.94%
27.27%
N/A
N/A
Key characteristics
| IIPR | IDAT | |
|---|---|---|
| Sharpe Ratio | 1.34 | 1.33 |
| Sortino Ratio | 1.82 | 1.82 |
| Omega Ratio | 1.25 | 1.23 |
| Calmar Ratio | 0.59 | 1.46 |
| Martin Ratio | 6.19 | 5.74 |
| Ulcer Index | 6.55% | 4.71% |
| Daily Std Dev | 30.24% | 20.37% |
| Max Drawdown | -75.43% | -38.40% |
| Current Drawdown | -55.91% | -5.67% |
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Correlation
The correlation between IIPR and IDAT 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.
Risk-Adjusted Performance
IIPR vs. IDAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and iShares Cloud 5G and Tech ETF (IDAT). 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
IIPR vs. IDAT - Dividend Comparison
IIPR's dividend yield for the trailing twelve months is around 7.24%, more than IDAT's 0.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 7.24% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% |
IDAT iShares Cloud 5G and Tech ETF | 0.79% | 0.68% | 0.85% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IIPR vs. IDAT - Drawdown Comparison
The maximum IIPR drawdown since its inception was -75.43%, which is greater than IDAT's maximum drawdown of -38.40%. Use the drawdown chart below to compare losses from any high point for IIPR and IDAT. For additional features, visit the drawdowns tool.
Volatility
IIPR vs. IDAT - Volatility Comparison
Innovative Industrial Properties, Inc. (IIPR) has a higher volatility of 14.49% compared to iShares Cloud 5G and Tech ETF (IDAT) at 5.34%. This indicates that IIPR's price experiences larger fluctuations and is considered to be riskier than IDAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.