IIPR vs. VRTS
IIPR (Innovative Industrial Properties, Inc.) and VRTS (Virtus Investment Partners, Inc.) are both stocks. IIPR operates in REIT - Industrial (Real Estate), while VRTS operates in Asset Management (Financial Services). Over the past 5 years, IIPR returned -15.61%/yr vs -6.67%/yr for VRTS. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
IIPR vs. VRTS - Performance Comparison
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Returns By Period
In the year-to-date period, IIPR achieves a 33.00% return, which is significantly higher than VRTS's 2.29% return.
IIPR
- 1D
- -3.24%
- 1M
- -7.18%
- 6M
- 30.36%
- YTD
- 33.00%
- 1Y
- 32.04%
- 3Y*
- 1.56%
- 5Y*
- -15.61%
- 10Y*
- —
- ALL TIME*
- 18.63%
VRTS
- 1D
- -1.09%
- 1M
- 6.65%
- 6M
- 0.75%
- YTD
- 2.29%
- 1Y
- -10.69%
- 3Y*
- -3.61%
- 5Y*
- -6.67%
- 10Y*
- 9.39%
- ALL TIME*
- 20.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.89M | $19.18M | $22.61M | |
| $25.59M | $23.35M | $18.95M |
IIPR vs. VRTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 33.00% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
VRTS Virtus Investment Partners, Inc. | 2.29% | -22.12% | -5.56% | 30.90% | -33.50% | 38.98% | 82.52% | 56.62% | -29.81% | -0.99% |
Correlation
The correlation between IIPR and VRTS is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.35 |
The correlation between IIPR and VRTS shifts across timeframes, from 0.35 (all time) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IIPR:
$1.71B
VRTS:
$1.06B
IIPR:
$4.14
VRTS:
$17.54
IIPR:
14.21
VRTS:
9.08
IIPR:
6.34
VRTS:
1.35
IIPR:
$263.23M
VRTS:
$805.14M
IIPR:
$195.78M
VRTS:
$402.78M
IIPR:
$210.04M
VRTS:
$257.88M
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Return for Risk
IIPR vs. VRTS — Risk / Return Rank
IIPR
VRTS
IIPR vs. VRTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and Virtus Investment Partners, Inc. (VRTS). 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 | VRTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.35 | +1.82 |
| Martin ratioReturn relative to average drawdown | 3.76 | -0.59 | +4.35 |
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Drawdowns
IIPR vs. VRTS - Drawdown Comparison
The maximum IIPR drawdown since its inception was -78.42%, which is greater than VRTS's maximum drawdown of -74.36%. Use the drawdown chart below to compare losses from any high point for IIPR and VRTS.
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Drawdown Indicators
| IIPR | VRTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -74.36% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.29% | -35.94% | +14.65% |
Max Drawdown (3Y)Largest decline over 3 years | -62.92% | -46.59% | -16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -78.42% | -55.50% | -22.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.70% | — |
Current DrawdownCurrent decline from peak | -68.06% | -41.65% | -26.41% |
Average DrawdownAverage peak-to-trough decline | -37.73% | -31.57% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 21.00% | -12.68% |
Volatility
IIPR vs. VRTS - Volatility Comparison
The current volatility for Innovative Industrial Properties, Inc. (IIPR) is 6.43%, while Virtus Investment Partners, Inc. (VRTS) has a volatility of 9.43%. This indicates that IIPR experiences smaller price fluctuations and is considered to be less risky than VRTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIPR | VRTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 9.43% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 27.57% | 27.87% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.17% | 34.86% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.65% | 36.11% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.20% | 38.65% | +9.55% |
Dividends
IIPR vs. VRTS - Dividend Comparison
IIPR's dividend yield for the trailing twelve months is around 12.92%, more than VRTS's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.92% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
VRTS Virtus Investment Partners, Inc. | 6.02% | 5.61% | 3.60% | 2.83% | 3.21% | 1.33% | 1.30% | 1.91% | 2.39% | 1.56% | 1.52% | 1.53% |
Financials
IIPR vs. VRTS - Financials Comparison
This section allows you to compare key financial metrics between Innovative Industrial Properties, Inc. and Virtus Investment Partners, Inc.. 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. VRTS - Profitability Comparison
IIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
VRTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Virtus Investment Partners, Inc. reported a gross profit of -131.82M and revenue of 214.86M. Therefore, the gross margin over that period was -61.4%.
IIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
VRTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Virtus Investment Partners, Inc. reported an operating income of 37.54M and revenue of 214.86M, resulting in an operating margin of 17.5%.
IIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
VRTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Virtus Investment Partners, Inc. reported a net income of 45.31M and revenue of 214.86M, resulting in a net margin of 21.1%.
Frequently Asked Questions
IIPR and VRTS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRTS has higher volatility (9.43%) compared to IIPR (6.43%). In terms of maximum drawdown, IIPR dropped -78.42% vs VRTS's -74.36%.
IIPR currently has the higher Sharpe Ratio (0.76 vs -0.36), 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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