Correlation
The correlation between IIPR and QQQ is 0.42, 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.
IIPR vs. QQQ
Compare and contrast key facts about Innovative Industrial Properties, Inc. (IIPR) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IIPR or QQQ.
Performance
IIPR vs. QQQ - Performance Comparison
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Key characteristics
IIPR:
-1.01
QQQ:
0.51
IIPR:
-1.38
QQQ:
0.86
IIPR:
0.78
QQQ:
1.12
IIPR:
-0.59
QQQ:
0.54
IIPR:
-1.34
QQQ:
1.77
IIPR:
34.28%
QQQ:
7.01%
IIPR:
43.57%
QQQ:
25.51%
IIPR:
-78.14%
QQQ:
-82.98%
IIPR:
-74.72%
QQQ:
-5.47%
Returns By Period
In the year-to-date period, IIPR achieves a -14.11% return, which is significantly lower than QQQ's -0.24% return.
IIPR
-14.11%
3.68%
-47.32%
-44.38%
-16.86%
-1.72%
N/A
QQQ
-0.24%
7.76%
0.84%
11.88%
21.85%
18.00%
17.56%
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Risk-Adjusted Performance
IIPR vs. QQQ — Risk-Adjusted Performance Rank
IIPR
QQQ
IIPR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and Invesco QQQ (QQQ). 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.
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Dividends
IIPR vs. QQQ - Dividend Comparison
IIPR's dividend yield for the trailing twelve months is around 13.69%, more than QQQ's 0.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 13.69% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
IIPR vs. QQQ - Drawdown Comparison
The maximum IIPR drawdown since its inception was -78.14%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IIPR and QQQ.
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Volatility
IIPR vs. QQQ - Volatility Comparison
Innovative Industrial Properties, Inc. (IIPR) has a higher volatility of 8.79% compared to Invesco QQQ (QQQ) at 5.25%. This indicates that IIPR's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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