IRT vs. SPG
IRT (Independence Realty Trust, Inc.) and SPG (Simon Property Group, Inc.) are both stocks. Both are in the Real Estate sector — IRT in REIT - Residential, SPG in REIT - Retail. Over the past 10 years, IRT returned 13.12%/yr vs 5.39%/yr for SPG. At a 0.48 correlation, their price movements are largely independent.
Performance
IRT vs. SPG - Performance Comparison
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Returns By Period
In the year-to-date period, IRT achieves a -6.09% return, which is significantly lower than SPG's 11.23% return. Over the past 10 years, IRT has outperformed SPG with an annualized return of 13.12%, while SPG has yielded a comparatively lower 5.39% annualized return.
IRT
- 1D
- 2.46%
- 1M
- -1.40%
- YTD
- -6.09%
- 6M
- -3.92%
- 1Y
- -8.70%
- 3Y*
- 0.41%
- 5Y*
- 1.78%
- 10Y*
- 13.12%
SPG
- 1D
- 0.01%
- 1M
- 1.01%
- YTD
- 11.23%
- 6M
- 14.33%
- 1Y
- 32.08%
- 3Y*
- 30.83%
- 5Y*
- 14.96%
- 10Y*
- 5.39%
IRT vs. SPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRT Independence Realty Trust, Inc. | -6.09% | -8.55% | 34.27% | -5.58% | -32.88% | 98.03% | 0.28% | 62.55% | -1.90% | 21.74% |
SPG Simon Property Group, Inc. | 11.23% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
Correlation
The correlation between IRT and SPG is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2013 | 0.48 |
The correlation between IRT and SPG has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.
Fundamentals
IRT:
$0.20
SPG:
$17.14
IRT:
80.79
SPG:
11.88
IRT:
2.09
SPG:
0.47
IRT:
7.84
SPG:
7.50
IRT:
$496.45M
SPG:
$6.65B
IRT:
$168.31M
SPG:
$5.71B
IRT:
$293.35M
SPG:
$7.77B
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Return for Risk
IRT vs. SPG — Risk / Return Rank
IRT
SPG
IRT vs. SPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Independence Realty Trust, Inc. (IRT) and Simon Property Group, Inc. (SPG). 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.
| IRT | SPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.79 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.00 | 10.06 | -11.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRT | SPG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 1.77 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.57 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.15 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.38 | +0.01 |
Drawdowns
IRT vs. SPG - Drawdown Comparison
The maximum IRT drawdown since its inception was -56.46%, smaller than the maximum SPG drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for IRT and SPG.
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Drawdown Indicators
| IRT | SPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.46% | -77.00% | +20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -11.54% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -33.83% | -24.32% | -9.51% |
Max Drawdown (5Y)Largest decline over 5 years | -54.73% | -45.84% | -8.89% |
Max Drawdown (10Y)Largest decline over 10 years | -56.46% | -77.00% | +20.54% |
Current DrawdownCurrent decline from peak | -33.24% | -1.93% | -31.31% |
Average DrawdownAverage peak-to-trough decline | -16.59% | -13.85% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.70% | 3.20% | +5.50% |
Volatility
IRT vs. SPG - Volatility Comparison
Independence Realty Trust, Inc. (IRT) and Simon Property Group, Inc. (SPG) have volatilities of 5.24% and 5.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRT | SPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 5.45% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 13.61% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.91% | 18.25% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 26.50% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 37.06% | -7.19% |
Dividends
IRT vs. SPG - Dividend Comparison
IRT's dividend yield for the trailing twelve months is around 4.19%, less than SPG's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRT Independence Realty Trust, Inc. | 4.19% | 3.83% | 3.23% | 4.05% | 3.20% | 2.24% | 4.02% | 5.11% | 7.84% | 7.14% | 8.07% | 9.59% |
SPG Simon Property Group, Inc. | 4.25% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
Financials
IRT vs. SPG - Financials Comparison
This section allows you to compare key financial metrics between Independence Realty Trust, Inc. and Simon Property Group, 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
Frequently Asked Questions
IRT and SPG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPG has higher volatility (5.45%) compared to IRT (5.24%). In terms of maximum drawdown, IRT dropped -56.46% vs SPG's -77.00%.
SPG currently has the higher Sharpe Ratio (1.77 vs -0.42), 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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