NNN vs. VZ
NNN (National Retail Properties, Inc.) and VZ (Verizon Communications Inc.) are both stocks. NNN operates in REIT - Retail (Real Estate), while VZ operates in Telecom Services (Communication Services). Over the past 10 years, NNN returned 4.86%/yr vs 4.44%/yr for VZ. At a 0.35 correlation, their price movements are largely independent.
Performance
NNN vs. VZ - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with NNN having a 20.94% return and VZ slightly higher at 21.97%. Over the past 10 years, NNN has outperformed VZ with an annualized return of 4.86%, while VZ has yielded a comparatively lower 4.44% annualized return.
NNN
- 1D
- 1.04%
- 1M
- 6.56%
- YTD
- 20.94%
- 6M
- 18.43%
- 1Y
- 16.33%
- 3Y*
- 8.84%
- 5Y*
- 4.06%
- 10Y*
- 4.86%
VZ
- 1D
- 2.49%
- 1M
- 3.75%
- YTD
- 21.97%
- 6M
- 21.50%
- 1Y
- 19.39%
- 3Y*
- 18.39%
- 5Y*
- 2.74%
- 10Y*
- 4.44%
NNN vs. VZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNN National Retail Properties, Inc. | 20.94% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
VZ Verizon Communications Inc. | 21.97% | 8.86% | 13.14% | 2.71% | -20.02% | -7.55% | -0.13% | 13.83% | 11.26% | 3.97% |
Correlation
The correlation between NNN and VZ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2000 | 0.35 |
Fundamentals
NNN:
$8.83B
VZ:
$202.54B
NNN:
$2.05
VZ:
$4.10
NNN:
22.68
VZ:
11.72
NNN:
9.39
VZ:
1.46
NNN:
2.01
VZ:
1.96
NNN:
$935.78M
VZ:
$139.15B
NNN:
$761.54M
VZ:
$81.89B
NNN:
$870.06M
VZ:
$48.65B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NNN vs. VZ — Risk / Return Rank
NNN
VZ
NNN vs. VZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Retail Properties, Inc. (NNN) and Verizon Communications Inc. (VZ). 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.
| NNN | VZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.43 | +0.39 |
| Martin ratioReturn relative to average drawdown | 4.18 | 3.06 | +1.13 |
Loading charts...
Drawdowns
NNN vs. VZ - Drawdown Comparison
The maximum NNN drawdown since its inception was -56.17%, which is greater than VZ's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for NNN and VZ.
Loading charts...
Drawdown Indicators
| NNN | VZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -50.66% | -5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -13.32% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -14.93% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -38.38% | +13.16% |
Max Drawdown (10Y)Largest decline over 10 years | -54.99% | -41.21% | -13.78% |
Current DrawdownCurrent decline from peak | 0.00% | -4.96% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -14.82% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 6.23% | -2.40% |
Volatility
NNN vs. VZ - Volatility Comparison
The current volatility for National Retail Properties, Inc. (NNN) is 5.32%, while Verizon Communications Inc. (VZ) has a volatility of 6.87%. This indicates that NNN experiences smaller price fluctuations and is considered to be less risky than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NNN | VZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 6.87% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 17.91% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 22.78% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.69% | 21.66% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.09% | 20.36% | +7.73% |
Dividends
NNN vs. VZ - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.15%, less than VZ's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NNN National Retail Properties, Inc. | 5.15% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
VZ Verizon Communications Inc. | 5.75% | 6.68% | 6.68% | 6.96% | 6.53% | 4.85% | 4.21% | 3.95% | 4.22% | 4.39% | 4.26% | 4.79% |
Financials
NNN vs. VZ - Financials Comparison
This section allows you to compare key financial metrics between National Retail Properties, Inc. and Verizon Communications 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
NNN vs. VZ - Profitability Comparison
NNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.
VZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported a gross profit of 20.77B and revenue of 34.44B. Therefore, the gross margin over that period was 60.3%.
NNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.
VZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported an operating income of 8.24B and revenue of 34.44B, resulting in an operating margin of 23.9%.
NNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Retail Properties, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.
VZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported a net income of 5.05B and revenue of 34.44B, resulting in a net margin of 14.7%.
Frequently Asked Questions
NNN and VZ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VZ has higher volatility (6.87%) compared to NNN (5.32%). In terms of maximum drawdown, NNN dropped -56.17% vs VZ's -50.66%.
NNN currently has the higher Sharpe Ratio (0.97 vs 0.84), 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.
Find the right allocation for NNN and VZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer