IRM vs. VNOM
IRM (Iron Mountain Incorporated) and VNOM (Viper Energy Partners LP) are both stocks. IRM operates in REIT - Specialty (Real Estate), while VNOM operates in Oil & Gas Midstream (Energy). Over the past 10 years, IRM returned 19.01%/yr vs 15.22%/yr for VNOM. At a 0.17 correlation, their price movements are largely independent.
Performance
IRM vs. VNOM - 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 VNOM's 16.06% return. Over the past 10 years, IRM has outperformed VNOM with an annualized return of 19.01%, while VNOM has yielded a comparatively lower 15.22% annualized return.
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%
VNOM
- 1D
- -1.55%
- 1M
- -10.80%
- YTD
- 16.06%
- 6M
- 13.71%
- 1Y
- 8.58%
- 3Y*
- 27.80%
- 5Y*
- 25.82%
- 10Y*
- 15.22%
IRM vs. VNOM - 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% |
VNOM Viper Energy Partners LP | 16.06% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between IRM and VNOM is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.17 |
The correlation between IRM and VNOM shifts across timeframes, from 0.07 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IRM:
$37.74B
VNOM:
$7.92B
IRM:
$0.91
VNOM:
-$0.29
IRM:
5.19
VNOM:
4.27
IRM:
$7.25B
VNOM:
$1.60B
IRM:
$2.94B
VNOM:
$740.00M
IRM:
$2.40B
VNOM:
$1.04B
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Return for Risk
IRM vs. VNOM — Risk / Return Rank
IRM
VNOM
IRM vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Iron Mountain Incorporated (IRM) and Viper Energy Partners LP (VNOM). 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 | VNOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.66 | +0.52 |
| Martin ratioReturn relative to average drawdown | 2.83 | 1.20 | +1.63 |
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Drawdowns
IRM vs. VNOM - Drawdown Comparison
The maximum IRM drawdown since its inception was -55.71%, smaller than the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for IRM and VNOM.
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Drawdown Indicators
| IRM | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.71% | -86.96% | +31.25% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -13.03% | -12.12% |
Max Drawdown (3Y)Largest decline over 3 years | -39.03% | -34.46% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -39.03% | -34.46% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -39.03% | -86.96% | +47.93% |
Current DrawdownCurrent decline from peak | -3.72% | -15.99% | +12.27% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -31.64% | +18.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | 8.22% | +2.25% |
Volatility
IRM vs. VNOM - Volatility Comparison
Iron Mountain Incorporated (IRM) has a higher volatility of 7.80% compared to Viper Energy Partners LP (VNOM) at 7.25%. This indicates that IRM's price experiences larger fluctuations and is considered to be riskier than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRM | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 7.25% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 24.00% | 20.01% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 29.23% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.69% | 35.89% | -6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 45.22% | -15.57% |
Dividends
IRM vs. VNOM - Dividend Comparison
IRM's dividend yield for the trailing twelve months is around 3.30%, less than VNOM's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNOM Viper Energy Partners LP | 5.29% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
IRM vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between Iron Mountain Incorporated and Viper Energy Partners LP. 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. VNOM - 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%.
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
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%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
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%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viper Energy Partners LP reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
Frequently Asked Questions
IRM and VNOM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRM has higher volatility (7.80%) compared to VNOM (7.25%). In terms of maximum drawdown, IRM dropped -55.71% vs VNOM's -86.96%.
IRM currently has the higher Sharpe Ratio (0.93 vs 0.30), 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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