IP vs. XLRE
IP (International Paper Company) is a stock, while XLRE (Real Estate Select Sector SPDR Fund) is REIT fund tracking the Real Estate Select Sector Index. Over the past 10 years, IP returned 3.48%/yr vs 7.15%/yr for XLRE. At a 0.37 correlation, their price movements are largely independent.
Performance
IP vs. XLRE - 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 XLRE's 13.17% return. Over the past 10 years, IP has underperformed XLRE with an annualized return of 3.48%, while XLRE has yielded a comparatively higher 7.15% 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%
XLRE
- 1D
- 0.98%
- 1M
- 3.30%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
IP vs. XLRE - 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% |
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between IP and XLRE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.37 |
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Return for Risk
IP vs. XLRE — Risk / Return Rank
IP
XLRE
IP vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) and Real Estate Select Sector SPDR Fund (XLRE). 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 | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.15 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.34 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.78 | 3.69 | -4.47 |
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Drawdowns
IP vs. XLRE - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for IP and XLRE.
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Drawdown Indicators
| IP | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -38.83% | -51.79% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -8.33% | -37.19% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -16.74% | -31.87% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -34.12% | -14.49% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -38.83% | -16.44% |
Current DrawdownCurrent decline from peak | -35.82% | 0.00% | -35.82% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -9.58% | -11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 3.03% | +22.31% |
Volatility
IP vs. XLRE - Volatility Comparison
International Paper Company (IP) has a higher volatility of 15.74% compared to Real Estate Select Sector SPDR Fund (XLRE) at 4.81%. This indicates that IP's price experiences larger fluctuations and is considered to be riskier than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IP | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 4.81% | +10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 10.20% | +22.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 13.83% | +28.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.86% | 19.10% | +13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.35% | 20.42% | +11.93% |
Dividends
IP vs. XLRE - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.12%, more than XLRE's 3.08% 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% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
IP and XLRE have a correlation of 0.46, 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 XLRE (4.81%). In terms of maximum drawdown, IP dropped -90.62% vs XLRE's -38.83%.
XLRE currently has the higher Sharpe Ratio (0.81 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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