IP vs. VNQ
IP (International Paper Company) is a stock, while VNQ (Vanguard Real Estate ETF) is REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index. Over the past 10 years, IP returned 3.48%/yr vs 5.65%/yr for VNQ. At a 0.47 correlation, their price movements are largely independent.
Performance
IP vs. VNQ - 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 VNQ's 12.51% return. Over the past 10 years, IP has underperformed VNQ with an annualized return of 3.48%, while VNQ has yielded a comparatively higher 5.65% 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%
VNQ
- 1D
- 0.92%
- 1M
- 3.35%
- YTD
- 12.51%
- 6M
- 12.32%
- 1Y
- 14.02%
- 3Y*
- 10.14%
- 5Y*
- 2.55%
- 10Y*
- 5.65%
IP vs. VNQ - 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% |
VNQ Vanguard Real Estate ETF | 12.51% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Correlation
The correlation between IP and VNQ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.47 |
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Return for Risk
IP vs. VNQ — Risk / Return Rank
IP
VNQ
IP vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) and Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.56 | -1.99 |
| Martin ratioReturn relative to average drawdown | -0.78 | 4.90 | -5.68 |
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Drawdowns
IP vs. VNQ - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for IP and VNQ.
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Drawdown Indicators
| IP | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -73.07% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -8.34% | -37.18% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -17.46% | -31.15% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -34.48% | -14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -42.40% | -12.87% |
Current DrawdownCurrent decline from peak | -35.82% | 0.00% | -35.82% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -13.61% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 2.65% | +22.69% |
Volatility
IP vs. VNQ - Volatility Comparison
International Paper Company (IP) has a higher volatility of 15.74% compared to Vanguard Real Estate ETF (VNQ) at 4.72%. This indicates that IP's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IP | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 4.72% | +11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 9.77% | +23.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 13.54% | +29.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.86% | 18.84% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 20.72% | +11.63% |
Dividends
IP vs. VNQ - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.12%, more than VNQ's 3.54% 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% |
VNQ Vanguard Real Estate ETF | 3.54% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
IP and VNQ have a correlation of 0.47, 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 VNQ (4.72%). In terms of maximum drawdown, IP dropped -90.62% vs VNQ's -73.07%.
VNQ currently has the higher Sharpe Ratio (0.96 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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