NLOP vs. CMI
NLOP (Net Lease Office Properties) and CMI (Cummins Inc.) are both stocks. NLOP operates in REIT - Office (Real Estate), while CMI operates in Specialty Industrial Machinery (Industrials). Over the past year, NLOP returned 10.82% vs 81.08% for CMI. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
NLOP vs. CMI - Performance Comparison
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Returns By Period
In the year-to-date period, NLOP achieves a 10.31% return, which is significantly lower than CMI's 25.05% return.
NLOP
- 1D
- -0.51%
- 1M
- 4.84%
- 6M
- 16.98%
- YTD
- 10.31%
- 1Y
- 10.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 48.62%
CMI
- 1D
- 0.19%
- 1M
- -4.16%
- 6M
- 10.28%
- YTD
- 25.05%
- 1Y
- 81.08%
- 3Y*
- 36.66%
- 5Y*
- 25.16%
- 10Y*
- 21.10%
- ALL TIME*
- 13.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CMI Cummins Inc. | $594.50M | $582.86M | $699.47M |
| $1.86M | $1.75M | $1.79M |
NLOP vs. CMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NLOP Net Lease Office Properties | 10.31% | 5.88% | 68.89% | 50.32% |
CMI Cummins Inc. | 25.05% | 49.36% | 48.92% | 10.70% |
Correlation
The correlation between NLOP and CMI is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.18 |
The correlation between NLOP and CMI shifts across timeframes, from 0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NLOP:
$173.32M
CMI:
$87.51B
NLOP:
-$8.15
CMI:
$19.26
NLOP:
1.91
CMI:
2.60
NLOP:
1.02
CMI:
7.13
NLOP:
$90.78M
CMI:
$33.89B
NLOP:
-$8.77M
CMI:
$8.60B
NLOP:
-$563.00K
CMI:
$4.87B
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Return for Risk
NLOP vs. CMI — Risk / Return Rank
NLOP
CMI
NLOP vs. CMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Net Lease Office Properties (NLOP) and Cummins Inc. (CMI). 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.
| NLOP | CMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.53 | -3.97 |
| Martin ratioReturn relative to average drawdown | 1.33 | 14.48 | -13.15 |
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Drawdowns
NLOP vs. CMI - Drawdown Comparison
The maximum NLOP drawdown since its inception was -19.23%, smaller than the maximum CMI drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for NLOP and CMI.
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Drawdown Indicators
| NLOP | CMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -75.66% | +56.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.65% | -16.71% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.05% | — |
Current DrawdownCurrent decline from peak | -12.49% | -12.84% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -22.17% | +15.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.43% | 5.22% | +2.21% |
Volatility
NLOP vs. CMI - Volatility Comparison
The current volatility for Net Lease Office Properties (NLOP) is 8.28%, while Cummins Inc. (CMI) has a volatility of 10.87%. This indicates that NLOP experiences smaller price fluctuations and is considered to be less risky than CMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLOP | CMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 10.87% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 31.16% | -10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.77% | 36.45% | -12.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.15% | 28.85% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.15% | 28.51% | +10.64% |
Dividends
NLOP vs. CMI - Dividend Comparison
NLOP's dividend yield for the trailing twelve months is around 191.03%, more than CMI's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.26% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
NLOP Net Lease Office Properties | 191.03% | 27.92% | 0.00% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NLOP vs. CMI - Financials Comparison
This section allows you to compare key financial metrics between Net Lease Office Properties and Cummins 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
NLOP and CMI 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.
CMI has higher volatility (10.87%) compared to NLOP (8.28%). In terms of maximum drawdown, NLOP dropped -19.23% vs CMI's -75.66%.
CMI currently has the higher Sharpe Ratio (2.08 vs 0.41), 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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