RWT vs. IIPR
RWT (Redwood Trust, Inc.) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. Both are in the Real Estate sector — RWT in REIT - Mortgage, IIPR in REIT - Industrial. Over the past 5 years, RWT returned -7.27%/yr vs -13.76%/yr for IIPR. At a 0.35 correlation, their price movements are largely independent.
Performance
RWT vs. IIPR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RWT achieves a -6.89% return, which is significantly lower than IIPR's 30.10% return.
RWT
- 1D
- -3.49%
- 1M
- -5.68%
- YTD
- -6.89%
- 6M
- -7.23%
- 1Y
- 0.80%
- 3Y*
- 3.26%
- 5Y*
- -7.27%
- 10Y*
- -1.24%
IIPR
- 1D
- -0.49%
- 1M
- 3.94%
- YTD
- 30.10%
- 6M
- 25.41%
- 1Y
- 18.25%
- 3Y*
- 4.97%
- 5Y*
- -13.76%
- 10Y*
- —
RWT vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWT Redwood Trust, Inc. | -6.89% | -4.08% | -2.60% | 21.61% | -42.26% | 60.13% | -42.70% | 18.16% | 9.40% | 4.49% |
IIPR Innovative Industrial Properties, Inc. | 30.10% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between RWT and IIPR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.35 |
The correlation between RWT and IIPR shifts across timeframes, from 0.35 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RWT:
-$0.48
IIPR:
$4.14
RWT:
2.40
IIPR:
6.39
RWT:
$269.15M
IIPR:
$263.23M
RWT:
$1.06B
IIPR:
$195.78M
RWT:
$1.06B
IIPR:
$210.04M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RWT vs. IIPR — Risk / Return Rank
RWT
IIPR
RWT vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Trust, Inc. (RWT) 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.
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.
| RWT | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.86 | -0.83 |
| Martin ratioReturn relative to average drawdown | 0.08 | 2.09 | -2.02 |
Loading charts...
Drawdowns
RWT vs. IIPR - Drawdown Comparison
The maximum RWT drawdown since its inception was -88.91%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for RWT and IIPR.
Loading charts...
Drawdown Indicators
| RWT | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.91% | -78.42% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -22.92% | -21.29% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -33.79% | -62.92% | +29.13% |
Max Drawdown (5Y)Largest decline over 5 years | -55.83% | -78.42% | +22.59% |
Max Drawdown (10Y)Largest decline over 10 years | -85.40% | — | — |
Current DrawdownCurrent decline from peak | -60.82% | -68.76% | +7.94% |
Average DrawdownAverage peak-to-trough decline | -45.59% | -37.40% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 8.74% | +1.94% |
Volatility
RWT vs. IIPR - Volatility Comparison
Redwood Trust, Inc. (RWT) and Innovative Industrial Properties, Inc. (IIPR) have volatilities of 8.51% and 8.95%, 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.
Loading charts...
Volatility by Period
| RWT | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 8.95% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 29.46% | 29.10% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.35% | 41.65% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.14% | 41.73% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.09% | 48.41% | +0.68% |
Dividends
RWT vs. IIPR - Dividend Comparison
RWT's dividend yield for the trailing twelve months is around 14.46%, more than IIPR's 12.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.81% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
RWT Redwood Trust, Inc. | 14.46% | 13.02% | 10.26% | 9.58% | 13.61% | 5.91% | 8.26% | 7.26% | 7.83% | 7.56% | 7.36% | 8.48% |
Financials
RWT vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Redwood Trust, Inc. and Innovative Industrial 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
Frequently Asked Questions
RWT and IIPR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (8.95%) compared to RWT (8.51%). In terms of maximum drawdown, RWT dropped -88.91% vs IIPR's -78.42%.
IIPR currently has the higher Sharpe Ratio (0.44 vs 0.02), 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.
Find the right allocation for RWT and IIPR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer