IWS vs. IIPR
IWS (iShares Russell Mid-Cap Value ETF) is Mid Cap Value Equities fund tracking the Russell Midcap Value Index, while IIPR (Innovative Industrial Properties, Inc.) is a stock. Over the past 5 years, IWS returned 8.15%/yr vs -13.70%/yr for IIPR. At a 0.46 correlation, their price movements are largely independent.
Performance
IWS vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, IWS achieves a 13.43% return, which is significantly lower than IIPR's 29.84% return.
IWS
- 1D
- 0.04%
- 1M
- 1.01%
- YTD
- 13.43%
- 6M
- 13.77%
- 1Y
- 24.70%
- 3Y*
- 16.23%
- 5Y*
- 8.15%
- 10Y*
- 10.08%
IIPR
- 1D
- 1.08%
- 1M
- 3.32%
- YTD
- 29.84%
- 6M
- 28.01%
- 1Y
- 23.77%
- 3Y*
- 4.89%
- 5Y*
- -13.70%
- 10Y*
- —
IWS vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 13.43% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 26.73% | -12.43% | 13.14% |
IIPR Innovative Industrial Properties, Inc. | 29.84% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between IWS and IIPR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.46 |
The correlation between IWS and IIPR shifts across timeframes, from 0.46 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWS vs. IIPR — Risk / Return Rank
IWS
IIPR
IWS vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) and Innovative Industrial Properties, Inc. (IIPR). 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.
| IWS | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.12 | +2.17 |
| Martin ratioReturn relative to average drawdown | 12.38 | 2.73 | +9.65 |
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
| IWS | IIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.58 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | -0.33 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.40 | +0.02 |
Drawdowns
IWS vs. IIPR - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for IWS and IIPR.
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Drawdown Indicators
| IWS | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -78.42% | +16.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -21.29% | +13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.57% | -62.92% | +42.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -78.42% | +57.19% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -1.83% | -68.82% | +66.99% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -37.04% | +29.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 8.72% | -6.72% |
Volatility
IWS vs. IIPR - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Value ETF (IWS) is 3.45%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 5.83%. This indicates that IWS experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWS | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 5.83% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 29.58% | -19.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 40.99% | -27.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 41.59% | -24.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 48.41% | -29.04% |
Dividends
IWS vs. IIPR - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.36%, less than IIPR's 12.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.84% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
IWS iShares Russell Mid-Cap Value ETF | 1.36% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
IWS and IIPR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (5.83%) compared to IWS (3.45%). In terms of maximum drawdown, IWS dropped -62.40% vs IIPR's -78.42%.
IWS currently has the higher Sharpe Ratio (1.87 vs 0.58), 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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