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
Returns By Period
In the year-to-date period, IIPR achieves a 7.04% return, which is significantly lower than QQQ's 21.78% return.
IIPR
7.04%
-22.86%
-6.94%
39.55%
10.48%
N/A
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| IIPR | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.34 | 1.70 |
| Sortino Ratio | 1.82 | 2.29 |
| Omega Ratio | 1.25 | 1.31 |
| Calmar Ratio | 0.59 | 2.19 |
| Martin Ratio | 6.19 | 7.96 |
| Ulcer Index | 6.55% | 3.72% |
| Daily Std Dev | 30.24% | 17.39% |
| Max Drawdown | -75.43% | -82.98% |
| Current Drawdown | -55.91% | -3.42% |
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Correlation
The correlation between IIPR and QQQ is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
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.
Dividends
IIPR vs. QQQ - Dividend Comparison
IIPR's dividend yield for the trailing twelve months is around 7.24%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 7.24% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
IIPR vs. QQQ - Drawdown Comparison
The maximum IIPR drawdown since its inception was -75.43%, 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. For additional features, visit the drawdowns tool.
Volatility
IIPR vs. QQQ - Volatility Comparison
Innovative Industrial Properties, Inc. (IIPR) has a higher volatility of 14.49% compared to Invesco QQQ (QQQ) at 5.58%. 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.