IP vs. O
IP (International Paper Company) and O (Realty Income Corporation) are both stocks. IP operates in Packaging & Containers (Consumer Cyclical), while O operates in REIT - Retail (Real Estate). Over the past 10 years, IP returned 3.48%/yr vs 4.89%/yr for O. At a 0.28 correlation, their price movements are largely independent.
Performance
IP vs. O - 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 O's 13.70% return. Over the past 10 years, IP has underperformed O with an annualized return of 3.48%, while O has yielded a comparatively higher 4.89% 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%
O
- 1D
- 1.31%
- 1M
- 1.67%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.88%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
IP vs. O - 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% |
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between IP and O is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1994 | 0.28 |
The correlation between IP and O shifts across timeframes, from 0.18 (3 years) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IP:
-$6.29
O:
$1.17
IP:
0.77
O:
7.22
IP:
$24.97B
O:
$5.92B
IP:
$7.44B
O:
$3.89B
IP:
-$41.00M
O:
$3.93B
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Return for Risk
IP vs. O — Risk / Return Rank
IP
O
IP vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.15 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.29 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.78 | 3.12 | -3.89 |
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Drawdowns
IP vs. O - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for IP and O.
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Drawdown Indicators
| IP | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -48.45% | -42.17% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -11.10% | -34.42% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -26.49% | -22.12% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -34.48% | -14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -48.28% | -6.99% |
Current DrawdownCurrent decline from peak | -35.82% | -5.94% | -29.88% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -9.20% | -11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 4.58% | +20.76% |
Volatility
IP vs. O - Volatility Comparison
International Paper Company (IP) has a higher volatility of 15.74% compared to Realty Income Corporation (O) at 5.29%. This indicates that IP's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IP | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 5.29% | +10.45% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 11.98% | +20.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 16.21% | +26.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.86% | 18.92% | +13.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 25.64% | +6.71% |
Dividends
IP vs. O - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.12%, which matches O's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
IP vs. O - Financials Comparison
This section allows you to compare key financial metrics between International Paper Company and Realty Income Corporation. 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
IP vs. O - Profitability Comparison
IP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a gross profit of 1.73B and revenue of 5.97B. Therefore, the gross margin over that period was 28.9%.
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
IP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported an operating income of 76.00M and revenue of 5.97B, resulting in an operating margin of 1.3%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
IP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a net income of 76.00M and revenue of 5.97B, resulting in a net margin of 1.3%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
Frequently Asked Questions
IP and O have a correlation of 0.20, 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 O (5.29%). In terms of maximum drawdown, IP dropped -90.62% vs O's -48.45%.
O currently has the higher Sharpe Ratio (0.88 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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