IRM vs. HCA
IRM (Iron Mountain Incorporated) and HCA (HCA Healthcare, Inc.) are both stocks. IRM operates in REIT - Specialty (Real Estate), while HCA operates in Medical Care Facilities (Healthcare). Over the past 10 years, IRM returned 19.01%/yr vs 18.45%/yr for HCA. At a 0.31 correlation, their price movements are largely independent.
Performance
IRM vs. HCA - Performance Comparison
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Returns By Period
In the year-to-date period, IRM achieves a 54.53% return, which is significantly higher than HCA's -16.35% return. Both investments have delivered pretty close results over the past 10 years, with IRM having a 19.01% annualized return and HCA not far behind at 18.45%.
IRM
- 1D
- -0.08%
- 1M
- 1.66%
- YTD
- 54.53%
- 6M
- 55.48%
- 1Y
- 29.54%
- 3Y*
- 34.90%
- 5Y*
- 27.60%
- 10Y*
- 19.01%
HCA
- 1D
- 0.72%
- 1M
- -7.81%
- YTD
- -16.35%
- 6M
- -18.12%
- 1Y
- 5.77%
- 3Y*
- 11.15%
- 5Y*
- 14.44%
- 10Y*
- 18.45%
IRM vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRM Iron Mountain Incorporated | 54.53% | -18.24% | 54.48% | 46.52% | -0.08% | 87.74% | 0.98% | 5.87% | -7.97% | 23.56% |
HCA HCA Healthcare, Inc. | -16.35% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
Correlation
The correlation between IRM and HCA is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011 | 0.31 |
Over the past year, the correlation between IRM and HCA has dropped to 0.06 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
IRM:
$0.91
HCA:
$28.46
IRM:
138.03
HCA:
13.70
IRM:
5.19
HCA:
1.23
IRM:
$7.25B
HCA:
$75.60B
IRM:
$2.94B
HCA:
$31.37B
IRM:
$2.40B
HCA:
$15.60B
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Return for Risk
IRM vs. HCA — Risk / Return Rank
IRM
HCA
IRM vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Iron Mountain Incorporated (IRM) and HCA Healthcare, Inc. (HCA). 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.
| IRM | HCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.06 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.17 | +1.01 |
| Martin ratioReturn relative to average drawdown | 2.83 | 0.51 | +2.32 |
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Drawdowns
IRM vs. HCA - Drawdown Comparison
The maximum IRM drawdown since its inception was -55.71%, roughly equal to the maximum HCA drawdown of -54.74%. Use the drawdown chart below to compare losses from any high point for IRM and HCA.
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Drawdown Indicators
| IRM | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.71% | -54.74% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -33.62% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -39.03% | -33.62% | -5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -39.03% | -39.49% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | -54.74% | +15.71% |
Current DrawdownCurrent decline from peak | -3.72% | -28.36% | +24.64% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -11.05% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | 11.29% | -0.82% |
Volatility
IRM vs. HCA - Volatility Comparison
The current volatility for Iron Mountain Incorporated (IRM) is 7.80%, while HCA Healthcare, Inc. (HCA) has a volatility of 8.89%. This indicates that IRM experiences smaller price fluctuations and is considered to be less risky than HCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRM | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 8.89% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 24.00% | 21.34% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 27.37% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.69% | 29.90% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 32.64% | -2.99% |
Dividends
IRM vs. HCA - Dividend Comparison
IRM's dividend yield for the trailing twelve months is around 3.30%, more than HCA's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.75% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
IRM Iron Mountain Incorporated | 3.30% | 3.88% | 2.60% | 3.63% | 4.96% | 4.73% | 8.39% | 7.69% | 7.32% | 5.93% | 6.17% | 7.07% |
Financials
IRM vs. HCA - Financials Comparison
This section allows you to compare key financial metrics between Iron Mountain Incorporated and HCA Healthcare, Inc.. 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
IRM vs. HCA - Profitability Comparison
IRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a gross profit of 0.00 and revenue of 1.94B. Therefore, the gross margin over that period was 0.0%.
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
IRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported an operating income of 395.23M and revenue of 1.94B, resulting in an operating margin of 20.4%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
IRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a net income of 143.67M and revenue of 1.94B, resulting in a net margin of 7.4%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
Frequently Asked Questions
IRM and HCA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCA has higher volatility (8.89%) compared to IRM (7.80%). In terms of maximum drawdown, IRM dropped -55.71% vs HCA's -54.74%.
IRM currently has the higher Sharpe Ratio (0.93 vs 0.21), 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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