O vs. ADC
O (Realty Income Corporation) and ADC (Agree Realty Corporation) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 10 years, O returned 3.96%/yr vs 8.78%/yr for ADC. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
O vs. ADC - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 17.30% return, which is significantly higher than ADC's 11.17% return. Over the past 10 years, O has underperformed ADC with an annualized return of 3.96%, while ADC has yielded a comparatively higher 8.78% annualized return.
O
- 1D
- -1.69%
- 1M
- 3.99%
- 6M
- 8.79%
- YTD
- 17.30%
- 1Y
- 19.74%
- 3Y*
- 7.53%
- 5Y*
- 4.02%
- 10Y*
- 3.96%
- ALL TIME*
- 13.53%
ADC
- 1D
- -2.46%
- 1M
- 3.53%
- 6M
- 11.28%
- YTD
- 11.17%
- 1Y
- 12.22%
- 3Y*
- 11.29%
- 5Y*
- 5.21%
- 10Y*
- 8.78%
- ALL TIME*
- 11.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.31M | $90.55M | $88.76M | |
| $295.58M | $323.90M | $369.01M |
O vs. ADC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 17.30% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
ADC Agree Realty Corporation | 11.17% | 6.62% | 17.20% | -7.07% | 3.50% | 11.28% | -1.40% | 22.71% | 19.75% | 16.42% |
Correlation
The correlation between O and ADC is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1994 | 0.46 |
Over the past year, O and ADC have become more correlated (0.76) than their long-term average of 0.46, meaning their price movements have been converging.
Fundamentals
O:
$60.08B
ADC:
$9.42B
O:
$1.32
ADC:
$1.91
O:
48.88
ADC:
41.05
O:
6.61
ADC:
11.75
O:
$5.92B
ADC:
$779.62M
O:
$3.89B
ADC:
$693.49M
O:
$3.93B
ADC:
$628.17M
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Return for Risk
O vs. ADC — Risk / Return Rank
O
ADC
O vs. ADC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) and Agree Realty Corporation (ADC). 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.
| O | ADC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.10 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.07 | 2.61 | +1.45 |
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Drawdowns
O vs. ADC - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, smaller than the maximum ADC drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for O and ADC.
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Drawdown Indicators
| O | ADC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -70.25% | +21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -11.14% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -23.21% | -16.28% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -29.52% | -4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -39.00% | -9.28% |
Current DrawdownCurrent decline from peak | -2.96% | -3.34% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -9.61% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 4.69% | +0.18% |
Volatility
O vs. ADC - Volatility Comparison
Realty Income Corporation (O) and Agree Realty Corporation (ADC) have volatilities of 6.29% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| O | ADC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 6.01% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 13.09% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 16.48% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 18.88% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.67% | 23.69% | +1.98% |
Dividends
O vs. ADC - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.03%, more than ADC's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADC Agree Realty Corporation | 4.01% | 4.28% | 4.26% | 4.64% | 3.95% | 3.65% | 3.61% | 3.25% | 3.65% | 3.94% | 4.17% | 5.43% |
O Realty Income Corporation | 5.03% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
O vs. ADC - Financials Comparison
This section allows you to compare key financial metrics between Realty Income Corporation and Agree Realty Corporation. 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
O vs. ADC - Profitability Comparison
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
ADC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Agree Realty Corporation reported a gross profit of 189.84M and revenue of 205.10M. Therefore, the gross margin over that period was 92.6%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
ADC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Agree Realty Corporation reported an operating income of 95.31M and revenue of 205.10M, resulting in an operating margin of 46.5%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
ADC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Agree Realty Corporation reported a net income of 52.79M and revenue of 205.10M, resulting in a net margin of 25.7%.
Frequently Asked Questions
O and ADC have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (6.29%) compared to ADC (6.01%). In terms of maximum drawdown, O dropped -48.45% vs ADC's -70.25%.
O currently has the higher Sharpe Ratio (1.20 vs 0.75), 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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