IP vs. DVY
IP (International Paper Company) is a stock, while DVY (iShares Select Dividend ETF) is Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. Over the past 10 years, IP returned 3.48%/yr vs 10.49%/yr for DVY. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
IP vs. DVY - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -5.93% return, which is significantly lower than DVY's 13.40% return. Over the past 10 years, IP has underperformed DVY with an annualized return of 3.48%, while DVY has yielded a comparatively higher 10.49% annualized return.
IP
- 1D
- 3.43%
- 1M
- 16.10%
- YTD
- -5.93%
- 6M
- -3.85%
- 1Y
- -17.46%
- 3Y*
- 9.44%
- 5Y*
- -5.62%
- 10Y*
- 3.48%
DVY
- 1D
- 1.18%
- 1M
- 4.16%
- YTD
- 13.40%
- 6M
- 12.29%
- 1Y
- 25.66%
- 3Y*
- 15.86%
- 5Y*
- 9.31%
- 10Y*
- 10.49%
IP vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -5.93% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
DVY iShares Select Dividend ETF | 13.40% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 14.82% |
Correlation
The correlation between IP and DVY is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2003 | 0.63 |
The correlation between IP and DVY shifts across timeframes, from 0.55 (3 years) to 0.65 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IP vs. DVY — Risk / Return Rank
IP
DVY
IP vs. DVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) and iShares Select Dividend ETF (DVY). 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.
| IP | DVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.54 | -3.98 |
| Martin ratioReturn relative to average drawdown | -0.78 | 12.51 | -13.29 |
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Drawdowns
IP vs. DVY - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than DVY's maximum drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for IP and DVY.
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Drawdown Indicators
| IP | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -62.59% | -28.03% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -6.89% | -38.63% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -16.00% | -32.61% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -17.54% | -31.07% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -41.59% | -13.68% |
Current DrawdownCurrent decline from peak | -35.82% | 0.00% | -35.82% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -8.78% | -12.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 1.95% | +23.39% |
Volatility
IP vs. DVY - Volatility Comparison
International Paper Company (IP) has a higher volatility of 15.74% compared to iShares Select Dividend ETF (DVY) at 2.94%. This indicates that IP's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IP | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 2.94% | +12.80% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 7.54% | +25.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 11.16% | +31.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.86% | 15.22% | +17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 18.01% | +14.34% |
Dividends
IP vs. DVY - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.12%, more than DVY's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.30% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
IP International Paper Company | 5.12% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
Frequently Asked Questions
IP and DVY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (15.74%) compared to DVY (2.94%). In terms of maximum drawdown, IP dropped -90.62% vs DVY's -62.59%.
DVY currently has the higher Sharpe Ratio (2.19 vs -0.46), 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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