INDS vs. O

Last updated Jul 17, 2026

INDS (Pacer Benchmark Industrial Real Estate SCTR ETF) is REIT fund tracking the Benchmark Industrial Real Estate SCTR Index, while O (Realty Income Corporation) is a stock. Over the past 5 years, INDS returned 1.42%/yr vs 4.73%/yr for O. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

INDS vs. O - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) and Realty Income Corporation (O). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDS achieves a 15.70% return, which is significantly lower than O's 19.70% return.

INDS

• 1D: 3.05%
• 1M: 4.50%
• 6M: 7.68%
• YTD: 15.70%
• 1Y: 19.59%
• 3Y*: 4.73%
• 5Y*: 1.42%
• 10Y*: —

O

• 1D: 3.94%
• 1M: 6.22%
• 6M: 11.13%
• YTD: 19.70%
• 1Y: 22.19%
• 3Y*: 8.22%
• 5Y*: 4.73%
• 10Y*: 4.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INDS vs. O - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	15.70%	7.78%	-12.69%	17.72%	-32.68%	54.61%	12.62%	42.25%	-1.14%
O Realty Income Corporation	19.70%	12.20%	-2.11%	-4.55%	-7.38%	23.95%	-11.60%	21.27%	23.13%

Correlation

The correlation between INDS and O is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 15, 2018	0.67

The correlation between INDS and O has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

Return for Risk

INDS vs. O — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INDS

INDS Risk / Return Rank: 39
INDS Sharpe Ratio Rank: 40
INDS Sortino Ratio Rank: 41
INDS Omega Ratio Rank: 38
INDS Calmar Ratio Rank: 38
INDS Martin Ratio Rank: 39

O

O Risk / Return Rank: 78
O Sharpe Ratio Rank: 82
O Sortino Ratio Rank: 77
O Omega Ratio Rank: 74
O Calmar Ratio Rank: 78
O Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INDS vs. O - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) and Realty Income Corporation (O). 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.

	INDS	O	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.33	-0.15
Sortino ratio: Return per unit of downside risk	1.76	1.87	-0.11
Omega ratio: Gain probability vs. loss probability	1.21	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.61	2.01	-0.40
Martin ratio: Return relative to average drawdown	4.90	4.57	+0.32

INDS vs. O - Sharpe Ratio Comparison

The current INDS Sharpe Ratio is 1.18, which is comparable to the O Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of INDS and O, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INDS vs. O - Drawdown Comparison

The maximum INDS drawdown since its inception was -40.17%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for INDS and O.

Drawdown Indicators

	INDS	O	Difference
Max Drawdown Largest peak-to-trough decline	-40.17%	-48.45%	+8.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-11.10%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-26.49%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-40.17%	-34.48%	-5.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.28%	—
Current Drawdown Current decline from peak	-13.72%	-0.97%	-12.75%
Average Drawdown Average peak-to-trough decline	-15.59%	-9.19%	-6.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	4.86%	-0.85%

Volatility

INDS vs. O - Volatility Comparison

The current volatility for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is 5.27%, while Realty Income Corporation (O) has a volatility of 6.93%. This indicates that INDS experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDS	O	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	6.93%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	13.10%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.70%	16.74%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.21%	19.06%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.03%	25.67%	-2.64%

Dividends

INDS vs. O - Dividend Comparison

INDS's dividend yield for the trailing twelve months is around 3.20%, less than O's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDS Pacer Benchmark Industrial Real Estate SCTR ETF	3.20%	3.70%	3.75%	3.11%	2.63%	1.24%	1.68%	2.26%	1.81%	0.00%	0.00%	0.00%
O Realty Income Corporation	4.93%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%

Frequently Asked Questions

Can I hold both INDS and O in my portfolio?

INDS and O have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INDS or O?

O has higher volatility (6.93%) compared to INDS (5.27%). In terms of maximum drawdown, INDS dropped -40.17% vs O's -48.45%.

Which has better risk-adjusted returns?

O currently has the higher Sharpe Ratio (1.33 vs 1.18), 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.