INGR vs. FR

Last updated Jun 4, 2026

INGR (Ingredion Incorporated) and FR (First Industrial Realty Trust, Inc.) are both stocks. INGR operates in Packaged Foods (Consumer Defensive), while FR operates in REIT - Industrial (Real Estate). Over the past 10 years, INGR returned 0.92%/yr vs 12.22%/yr for FR. At a 0.32 correlation, their price movements are largely independent.

Performance

INGR vs. FR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ingredion Incorporated (INGR) and First Industrial Realty Trust, Inc. (FR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INGR achieves a -7.13% return, which is significantly lower than FR's 6.39% return. Over the past 10 years, INGR has underperformed FR with an annualized return of 0.92%, while FR has yielded a comparatively higher 12.22% annualized return.

INGR

• 1D: -0.22%
• 1M: -5.60%
• YTD: -7.13%
• 6M: -5.98%
• 1Y: -25.09%
• 3Y*: 0.57%
• 5Y*: 3.77%
• 10Y*: 0.92%

FR

• 1D: 0.58%
• 1M: -1.08%
• YTD: 6.39%
• 6M: 9.78%
• 1Y: 26.63%
• 3Y*: 7.34%
• 5Y*: 5.89%
• 10Y*: 12.22%

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

INGR vs. FR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INGR Ingredion Incorporated	-7.13%	-17.86%	29.22%	14.08%	4.47%	26.35%	-12.55%	4.70%	-33.10%	13.87%
FR First Industrial Realty Trust, Inc.	6.39%	18.17%	-2.01%	11.91%	-25.37%	60.33%	4.24%	47.37%	-5.61%	15.50%

Correlation

The correlation between INGR and FR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 12, 1997	0.32

Fundamentals

EPS INGR : $13.96 FR : $3.57
PE Ratio INGR : 7.23 FR : 16.90
PS Ratio INGR : 0.91 FR : 8.06
Total Revenue (TTM) INGR : $5.41B FR : $744.49M
Gross Profit (TTM) INGR : $1.36B FR : $450.27M
EBITDA (TTM) INGR : $902.00M FR : $506.99M

Return for Risk

INGR vs. FR — Risk / Return Rank

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

INGR

INGR Risk / Return Rank: 2
INGR Sharpe Ratio Rank: 0
INGR Sortino Ratio Rank: 2
INGR Omega Ratio Rank: 3
INGR Calmar Ratio Rank: 3
INGR Martin Ratio Rank: 3

FR

FR Risk / Return Rank: 77
FR Sharpe Ratio Rank: 79
FR Sortino Ratio Rank: 74
FR Omega Ratio Rank: 70
FR Calmar Ratio Rank: 79
FR Martin Ratio Rank: 84

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.

INGR vs. FR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ingredion Incorporated (INGR) and First Industrial Realty Trust, Inc. (FR). 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.

	INGR	FR	Difference
Sharpe ratio: Return per unit of total volatility	-1.54	1.36	-2.90
Sortino ratio: Return per unit of downside risk	-2.09	2.00	-4.08
Omega ratio: Gain probability vs. loss probability	0.75	1.23	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.97	2.61	-3.58
Martin ratio: Return relative to average drawdown	-1.63	8.30	-9.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INGR vs. FR - Sharpe Ratio Comparison

The current INGR Sharpe Ratio is -1.54, which is lower than the FR Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of INGR and FR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INGR	FR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.54	1.36	-2.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.26	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.50	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.20	+0.09

Drawdowns

INGR vs. FR - Drawdown Comparison

The maximum INGR drawdown since its inception was -64.20%, smaller than the maximum FR drawdown of -95.42%. Use the drawdown chart below to compare losses from any high point for INGR and FR.

Drawdown Indicators

	INGR	FR	Difference
Max Drawdown Largest peak-to-trough decline	-64.20%	-95.42%	+31.22%
Max Drawdown (1Y) Largest decline over 1 year	-26.04%	-10.24%	-15.80%
Max Drawdown (3Y) Largest decline over 3 years	-32.62%	-25.42%	-7.20%
Max Drawdown (5Y) Largest decline over 5 years	-32.62%	-35.95%	+3.33%
Max Drawdown (10Y) Largest decline over 10 years	-56.14%	-41.12%	-15.02%
Current Drawdown Current decline from peak	-32.24%	-6.21%	-26.03%
Average Drawdown Average peak-to-trough decline	-18.31%	-25.36%	+7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.45%	3.22%	+12.23%

Volatility

INGR vs. FR - Volatility Comparison

The current volatility for Ingredion Incorporated (INGR) is 5.11%, while First Industrial Realty Trust, Inc. (FR) has a volatility of 5.52%. This indicates that INGR experiences smaller price fluctuations and is considered to be less risky than FR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INGR	FR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	5.52%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	13.69%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	19.61%	-3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.28%	22.81%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	24.35%	+0.53%

Dividends

INGR vs. FR - Dividend Comparison

INGR's dividend yield for the trailing twelve months is around 3.23%, more than FR's 3.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FR First Industrial Realty Trust, Inc.	3.04%	3.11%	2.95%	2.43%	2.45%	1.63%	2.37%	2.22%	3.01%	2.67%	2.71%	2.30%
INGR Ingredion Incorporated	3.23%	2.92%	1.72%	2.75%	2.78%	2.67%	3.23%	2.70%	2.68%	1.57%	1.52%	1.82%

Financials

Frequently Asked Questions

Can I hold both INGR and FR in my portfolio?

INGR and FR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INGR or FR?

FR has higher volatility (5.52%) compared to INGR (5.11%). In terms of maximum drawdown, INGR dropped -64.20% vs FR's -95.42%.

Which has better risk-adjusted returns?

FR currently has the higher Sharpe Ratio (1.36 vs -1.54), 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.