PXS vs. IIPR

Last updated Jun 4, 2026

PXS (Pyxis Tankers Inc.) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. PXS operates in Marine Shipping (Industrials), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, PXS returned 4.21%/yr vs -13.55%/yr for IIPR. At a 0.07 correlation, their price movements are largely independent.

Performance

PXS vs. IIPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pyxis Tankers Inc. (PXS) and Innovative Industrial Properties, Inc. (IIPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXS achieves a 54.45% return, which is significantly higher than IIPR's 25.63% return.

PXS

• 1D: 2.36%
• 1M: -6.26%
• YTD: 54.45%
• 6M: 49.14%
• 1Y: 53.90%
• 3Y*: 2.25%
• 5Y*: 4.21%
• 10Y*: -9.70%

IIPR

• 1D: -1.17%
• 1M: 8.26%
• YTD: 25.63%
• 6M: 20.32%
• 1Y: 18.90%
• 3Y*: 4.66%
• 5Y*: -13.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PXS vs. IIPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXS Pyxis Tankers Inc.	54.45%	-28.50%	-5.76%	-13.49%	151.04%	-42.16%	-26.69%	13.52%	-69.03%	23.85%
IIPR Innovative Industrial Properties, Inc.	25.63%	-18.40%	-28.55%	8.78%	-59.02%	47.49%	151.33%	72.52%	43.88%	82.30%

Correlation

The correlation between PXS and IIPR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 2, 2016	0.07

Fundamentals

Market Cap PXS : $44.87M IIPR : $1.63B
EPS PXS : $0.35 IIPR : $4.14
PE Ratio PXS : 12.39 IIPR : 13.84
PS Ratio PXS : 1.15 IIPR : 6.17
PB Ratio PXS : 0.46 IIPR : 0.91
Total Revenue (TTM) PXS : $39.36M IIPR : $263.23M
Gross Profit (TTM) PXS : $17.65M IIPR : $195.78M
EBITDA (TTM) PXS : $16.05M IIPR : $210.04M

Return for Risk

PXS vs. IIPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXS

PXS Risk / Return Rank: 75
PXS Sharpe Ratio Rank: 75
PXS Sortino Ratio Rank: 72
PXS Omega Ratio Rank: 70
PXS Calmar Ratio Rank: 80
PXS Martin Ratio Rank: 80

IIPR

IIPR Risk / Return Rank: 56
IIPR Sharpe Ratio Rank: 57
IIPR Sortino Ratio Rank: 53
IIPR Omega Ratio Rank: 52
IIPR Calmar Ratio Rank: 59
IIPR Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PXS vs. IIPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pyxis Tankers Inc. (PXS) and Innovative Industrial Properties, Inc. (IIPR). 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.

	PXS	IIPR	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.46	+0.66
Sortino ratio Return per unit of downside risk	1.81	1.02	+0.80
Omega ratio Gain probability vs. loss probability	1.22	1.12	+0.10
Calmar ratio Return relative to maximum drawdown	2.71	0.89	+1.82
Martin ratio Return relative to average drawdown	6.64	2.17	+4.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXS vs. IIPR - Sharpe Ratio Comparison

The current PXS Sharpe Ratio is 1.12, which is higher than the IIPR Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of PXS and IIPR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PXS	IIPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.46	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	-0.33	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.39	-0.51

Drawdowns

PXS vs. IIPR - Drawdown Comparison

The maximum PXS drawdown since its inception was -93.93%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for PXS and IIPR.

Drawdown Indicators

	PXS	IIPR	Difference
Max Drawdown Largest peak-to-trough decline	-93.93%	-78.42%	-15.51%
Max Drawdown (1Y) Largest decline over 1 year	-20.00%	-21.29%	+1.29%
Max Drawdown (3Y) Largest decline over 3 years	-54.50%	-62.92%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-59.41%	-78.42%	+19.01%
Max Drawdown (10Y) Largest decline over 10 years	-93.93%	—	—
Current Drawdown Current decline from peak	-83.76%	-69.83%	-13.93%
Average Drawdown Average peak-to-trough decline	-77.26%	-37.00%	-40.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.15%	8.72%	-0.57%

Volatility

PXS vs. IIPR - Volatility Comparison

Pyxis Tankers Inc. (PXS) and Innovative Industrial Properties, Inc. (IIPR) have volatilities of 15.06% and 15.24%, 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.

Volatility by Period

	PXS	IIPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.06%	15.24%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	37.43%	29.68%	+7.75%
Volatility (1Y) Calculated over the trailing 1-year period	48.37%	40.97%	+7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.13%	41.62%	+20.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.86%	48.43%	+51.43%

Dividends

PXS vs. IIPR - Dividend Comparison

PXS has not paid dividends to shareholders, while IIPR's dividend yield for the trailing twelve months is around 13.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IIPR Innovative Industrial Properties, Inc.	13.27%	16.05%	11.28%	7.16%	7.01%	2.18%	2.44%	3.73%	1.87%	1.70%
PXS Pyxis Tankers Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

PXS vs. IIPR - Profitability Comparison

The chart below illustrates the profitability comparison between Pyxis Tankers Inc. and Innovative Industrial Properties, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PXS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pyxis Tankers Inc. reported a gross profit of 4.55M and revenue of 9.98M. Therefore, the gross margin over that period was 45.6%.

IIPR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innovative Industrial Properties, Inc. reported a gross profit of 61.42M and revenue of 69.00M. Therefore, the gross margin over that period was 89.0%.

PXS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pyxis Tankers Inc. reported an operating income of 3.36M and revenue of 9.98M, resulting in an operating margin of 33.7%.

IIPR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innovative Industrial Properties, Inc. reported an operating income of 32.91M and revenue of 69.00M, resulting in an operating margin of 47.7%.

PXS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pyxis Tankers Inc. reported a net income of 2.42M and revenue of 9.98M, resulting in a net margin of 24.3%.

IIPR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innovative Industrial Properties, Inc. reported a net income of 30.16M and revenue of 69.00M, resulting in a net margin of 43.7%.

Frequently Asked Questions

Can I hold both PXS and IIPR in my portfolio?

PXS and IIPR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXS or IIPR?

IIPR has higher volatility (15.24%) compared to PXS (15.06%). In terms of maximum drawdown, PXS dropped -93.93% vs IIPR's -78.42%.

Which has better risk-adjusted returns?

PXS currently has the higher Sharpe Ratio (1.12 vs 0.46), 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.