O vs. WPC
O (Realty Income Corporation) and WPC (W. P. Carey Inc.) are both stocks. Both are in the Real Estate sector — O in REIT - Retail, WPC in REIT - Diversified. Over the past 10 years, O returned 4.56%/yr vs 7.17%/yr for WPC. At a 0.46 correlation, their price movements are largely independent.
Performance
O vs. WPC - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 9.20% return, which is significantly lower than WPC's 12.20% return. Over the past 10 years, O has underperformed WPC with an annualized return of 4.56%, while WPC has yielded a comparatively higher 7.17% annualized return.
O
- 1D
- -0.54%
- 1M
- -2.79%
- YTD
- 9.20%
- 6M
- 9.80%
- 1Y
- 10.46%
- 3Y*
- 5.05%
- 5Y*
- 3.72%
- 10Y*
- 4.56%
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%
O vs. WPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 9.20% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
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 O and WPC is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 1998 | 0.46 |
Over the past year, O and WPC have become more correlated (0.72) than their long-term average of 0.46, meaning their price movements have been converging.
Fundamentals
O:
$1.17
WPC:
$2.34
O:
51.30
WPC:
30.48
O:
4.18
WPC:
16.29
O:
6.93
WPC:
10.28
O:
$5.92B
WPC:
$1.53B
O:
$3.89B
WPC:
$942.27M
O:
$3.93B
WPC:
$1.21B
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Return for Risk
O vs. WPC — Risk / Return Rank
O
WPC
O vs. WPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
| O | WPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.88 | -0.94 |
| Martin ratioReturn relative to average drawdown | 2.23 | 5.65 | -3.42 |
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Drawdowns
O vs. WPC - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, smaller than the maximum WPC drawdown of -52.45%. Use the drawdown chart below to compare losses from any high point for O and WPC.
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Drawdown Indicators
| O | WPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -52.45% | +4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -9.71% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -27.07% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -36.81% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -52.45% | +4.17% |
Current DrawdownCurrent decline from peak | -9.66% | -7.16% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -10.26% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 3.23% | +1.47% |
Volatility
O vs. WPC - Volatility Comparison
The current volatility for Realty Income Corporation (O) is 5.70%, while W. P. Carey Inc. (WPC) has a volatility of 7.12%. This indicates that O 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
| O | WPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 7.12% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 13.26% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 17.22% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 20.78% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 25.85% | -0.20% |
Dividends
O vs. WPC - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.37%, more than WPC's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.37% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
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
O vs. WPC - Financials Comparison
This section allows you to compare key financial metrics between Realty Income Corporation 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
O and WPC have a correlation of 0.72, 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 O (5.70%). In terms of maximum drawdown, O dropped -48.45% vs WPC's -52.45%.
WPC currently has the higher Sharpe Ratio (1.06 vs 0.64), 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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