NNN vs. WPC
NNN (National Retail Properties, Inc.) and WPC (W. P. Carey Inc.) are both stocks. Both are in the Real Estate sector — NNN in REIT - Retail, WPC in REIT - Diversified. Over the past 10 years, NNN returned 4.59%/yr vs 7.17%/yr for WPC. At a 0.45 correlation, their price movements are largely independent.
Performance
NNN vs. WPC - Performance Comparison
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Returns By Period
In the year-to-date period, NNN achieves a 16.81% return, which is significantly higher than WPC's 12.20% return. Over the past 10 years, NNN has underperformed WPC with an annualized return of 4.59%, while WPC has yielded a comparatively higher 7.17% annualized return.
NNN
- 1D
- -0.29%
- 1M
- -0.66%
- YTD
- 16.81%
- 6M
- 16.43%
- 1Y
- 11.62%
- 3Y*
- 7.70%
- 5Y*
- 4.49%
- 10Y*
- 4.59%
WPC
- 1D
- -1.40%
- 1M
- -5.05%
- YTD
- 12.20%
- 6M
- 13.34%
- 1Y
- 18.21%
- 3Y*
- 8.15%
- 5Y*
- 5.51%
- 10Y*
- 7.17%
NNN vs. WPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNN National Retail Properties, Inc. | 16.81% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
WPC W. P. Carey Inc. | 12.20% | 24.99% | -10.59% | -7.93% | 0.47% | 22.88% | -5.99% | 28.84% | 1.08% | 25.68% |
Correlation
The correlation between NNN and WPC is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 1998 | 0.45 |
Over the past year, NNN and WPC have become more correlated (0.75) than their long-term average of 0.45, meaning their price movements have been converging.
Fundamentals
NNN:
$8.53B
WPC:
$15.78B
NNN:
$2.05
WPC:
$2.34
NNN:
21.91
WPC:
30.48
NNN:
2.48
WPC:
16.29
NNN:
9.07
WPC:
10.28
NNN:
1.94
WPC:
1.89
NNN:
$935.78M
WPC:
$1.53B
NNN:
$761.54M
WPC:
$942.27M
NNN:
$870.06M
WPC:
$1.21B
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Return for Risk
NNN vs. WPC — Risk / Return Rank
NNN
WPC
NNN vs. WPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Retail Properties, Inc. (NNN) and W. P. Carey Inc. (WPC). 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 | WPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.88 | -0.56 |
| Martin ratioReturn relative to average drawdown | 3.03 | 5.65 | -2.61 |
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Drawdowns
NNN vs. WPC - Drawdown Comparison
The maximum NNN drawdown since its inception was -56.17%, which is greater than WPC's maximum drawdown of -52.45%. Use the drawdown chart below to compare losses from any high point for NNN and WPC.
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Drawdown Indicators
| NNN | WPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -52.45% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -9.71% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -27.07% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -36.81% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -54.99% | -52.45% | -2.54% |
Current DrawdownCurrent decline from peak | -3.41% | -7.16% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -10.26% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 3.23% | +0.61% |
Volatility
NNN vs. WPC - Volatility Comparison
The current volatility for National Retail Properties, Inc. (NNN) is 5.84%, while W. P. Carey Inc. (WPC) has a volatility of 7.12%. This indicates that NNN experiences smaller price fluctuations and is considered to be less risky than WPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNN | WPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 7.12% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 13.26% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 17.22% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 20.78% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 25.85% | +2.25% |
Dividends
NNN vs. WPC - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.33%, more than WPC's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NNN National Retail Properties, Inc. | 5.33% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
WPC W. P. Carey Inc. | 5.14% | 5.62% | 6.41% | 7.93% | 5.43% | 5.12% | 5.91% | 5.17% | 6.26% | 7.26% | 6.65% | 6.48% |
Financials
NNN vs. WPC - Financials Comparison
This section allows you to compare key financial metrics between National Retail Properties, Inc. and W. P. Carey 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
NNN and WPC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPC has higher volatility (7.12%) compared to NNN (5.84%). In terms of maximum drawdown, NNN dropped -56.17% vs WPC's -52.45%.
WPC currently has the higher Sharpe Ratio (1.06 vs 0.70), 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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