NSA vs. VICI
NSA (National Storage Affiliates Trust) and VICI (VICI Properties Inc.) are both stocks. Both are in the Real Estate sector — NSA in REIT - Industrial, VICI in REIT - Diversified. Over the past 5 years, NSA returned 3.33%/yr vs 2.26%/yr for VICI. At a 0.50 correlation, their price movements are largely independent.
Performance
NSA vs. VICI - Performance Comparison
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Returns By Period
In the year-to-date period, NSA achieves a 53.01% return, which is significantly higher than VICI's -1.41% return.
NSA
- 1D
- 1.19%
- 1M
- 1.83%
- YTD
- 53.01%
- 6M
- 46.74%
- 1Y
- 34.35%
- 3Y*
- 10.59%
- 5Y*
- 3.33%
- 10Y*
- 12.39%
VICI
- 1D
- -0.94%
- 1M
- -2.88%
- YTD
- -1.41%
- 6M
- -0.45%
- 1Y
- -8.78%
- 3Y*
- 0.70%
- 5Y*
- 2.26%
- 10Y*
- —
NSA vs. VICI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSA National Storage Affiliates Trust | 53.01% | -20.19% | -3.53% | 21.94% | -45.37% | 98.04% | 11.67% | 32.41% | 1.21% | 11.33% |
VICI VICI Properties Inc. | -1.41% | 1.90% | -3.07% | 3.58% | 13.01% | 23.77% | 6.00% | 43.23% | -3.62% | 10.51% |
Correlation
The correlation between NSA and VICI 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 | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2017 | 0.50 |
The correlation between NSA and VICI has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
Fundamentals
NSA:
$3.27B
VICI:
$29.15B
NSA:
$1.16
VICI:
$2.92
NSA:
36.39
VICI:
9.35
NSA:
3.23
VICI:
0.53
NSA:
4.34
VICI:
7.17
NSA:
3.58
VICI:
1.03
NSA:
$749.98M
VICI:
$4.05B
NSA:
$212.81M
VICI:
$3.01B
NSA:
$396.95M
VICI:
$2.90B
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Return for Risk
NSA vs. VICI — Risk / Return Rank
NSA
VICI
NSA vs. VICI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Storage Affiliates Trust (NSA) and VICI Properties Inc. (VICI). 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.
| NSA | VICI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.92 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | -0.49 | +2.82 |
| Martin ratioReturn relative to average drawdown | 4.96 | -0.85 | +5.81 |
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
| NSA | VICI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | -0.54 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.11 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.34 | +0.20 |
Drawdowns
NSA vs. VICI - Drawdown Comparison
The maximum NSA drawdown since its inception was -55.05%, smaller than the maximum VICI drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for NSA and VICI.
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Drawdown Indicators
| NSA | VICI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.05% | -60.21% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.81% | -17.88% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -39.08% | -17.88% | -21.20% |
Max Drawdown (5Y)Largest decline over 5 years | -55.05% | -18.61% | -36.44% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | — | — |
Current DrawdownCurrent decline from peak | -21.53% | -15.81% | -5.72% |
Average DrawdownAverage peak-to-trough decline | -18.02% | -8.17% | -9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 10.35% | -3.41% |
Volatility
NSA vs. VICI - Volatility Comparison
National Storage Affiliates Trust (NSA) has a higher volatility of 7.45% compared to VICI Properties Inc. (VICI) at 4.24%. This indicates that NSA's price experiences larger fluctuations and is considered to be riskier than VICI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSA | VICI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 4.24% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 32.34% | 12.29% | +20.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.30% | 16.44% | +22.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.59% | 20.97% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 29.29% | +1.75% |
Dividends
NSA vs. VICI - Dividend Comparison
NSA's dividend yield for the trailing twelve months is around 5.38%, less than VICI's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSA National Storage Affiliates Trust | 5.38% | 8.08% | 5.94% | 5.38% | 5.95% | 2.30% | 3.75% | 3.78% | 4.38% | 3.82% | 3.99% | 3.15% |
VICI VICI Properties Inc. | 6.53% | 6.28% | 5.80% | 5.05% | 4.63% | 4.58% | 4.92% | 4.58% | 5.31% | 0.00% | 0.00% | 0.00% |
Financials
NSA vs. VICI - Financials Comparison
This section allows you to compare key financial metrics between National Storage Affiliates Trust and VICI Properties 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
NSA vs. VICI - Profitability Comparison
NSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported a gross profit of 0.00 and revenue of 185.40M. Therefore, the gross margin over that period was 0.0%.
VICI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, VICI Properties Inc. reported a gross profit of 0.00 and revenue of 1.02B. Therefore, the gross margin over that period was 0.0%.
NSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported an operating income of 0.00 and revenue of 185.40M, resulting in an operating margin of 0.0%.
VICI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, VICI Properties Inc. reported an operating income of 0.00 and revenue of 1.02B, resulting in an operating margin of 0.0%.
NSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Storage Affiliates Trust reported a net income of 28.64M and revenue of 185.40M, resulting in a net margin of 15.5%.
VICI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, VICI Properties Inc. reported a net income of 872.39M and revenue of 1.02B, resulting in a net margin of 85.7%.
Frequently Asked Questions
NSA and VICI 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.
NSA has higher volatility (7.45%) compared to VICI (4.24%). In terms of maximum drawdown, NSA dropped -55.05% vs VICI's -60.21%.
NSA currently has the higher Sharpe Ratio (0.88 vs -0.54), 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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