RWT vs. IIPR
Compare and contrast key facts about Redwood Trust, Inc. (RWT) and Innovative Industrial Properties, Inc. (IIPR).
Performance
RWT vs. IIPR - Performance Comparison
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RWT vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWT Redwood Trust, Inc. | 4.89% | -4.08% | -2.60% | 21.61% | -42.26% | 60.13% | -42.70% | 18.16% | 9.40% | 4.49% |
IIPR Innovative Industrial Properties, Inc. | 10.03% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Fundamentals
RWT:
$710.06M
IIPR:
$1.42B
RWT:
-$0.61
IIPR:
$4.14
RWT:
2.99
IIPR:
5.34
RWT:
0.72
IIPR:
0.79
RWT:
$243.15M
IIPR:
$265.96M
RWT:
$154.79M
IIPR:
$235.78M
RWT:
$733.18M
IIPR:
$205.79M
Returns By Period
In the year-to-date period, RWT achieves a 4.89% return, which is significantly lower than IIPR's 10.03% return.
RWT
- 1D
- 4.28%
- 1M
- -4.13%
- YTD
- 4.89%
- 6M
- 3.42%
- 1Y
- 5.14%
- 3Y*
- 4.86%
- 5Y*
- -2.27%
- 10Y*
- 0.73%
IIPR
- 1D
- 2.66%
- 1M
- -1.60%
- YTD
- 10.03%
- 6M
- 1.11%
- 1Y
- 7.31%
- 3Y*
- -3.14%
- 5Y*
- -16.29%
- 10Y*
- —
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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.
| RWT | IIPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.18 | -0.05 |
Sortino ratioReturn per unit of downside risk | 0.50 | 0.56 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.29 | +0.60 |
Martin ratioReturn relative to average drawdown | 0.69 | -0.70 | +1.40 |
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
| RWT | IIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.18 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.40 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.37 | -0.25 |
Correlation
The correlation between RWT and IIPR is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RWT vs. IIPR - Dividend Comparison
RWT's dividend yield for the trailing twelve months is around 12.83%, less than IIPR's 15.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWT Redwood Trust, Inc. | 12.83% | 13.02% | 10.26% | 9.58% | 13.61% | 5.91% | 8.26% | 7.26% | 7.83% | 7.56% | 7.36% | 8.48% |
IIPR Innovative Industrial Properties, Inc. | 15.15% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
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.
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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 | -19.91% | -21.29% | +1.38% |
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 | -55.86% | -73.58% | +17.72% |
Average DrawdownAverage peak-to-trough decline | -45.52% | -36.35% | -9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.93% | 8.73% | +0.20% |
Volatility
RWT vs. IIPR - Volatility Comparison
Redwood Trust, Inc. (RWT) has a higher volatility of 12.44% compared to Innovative Industrial Properties, Inc. (IIPR) at 9.37%. This indicates that RWT's price experiences larger fluctuations and is considered to be riskier than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWT | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.44% | 9.37% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 29.42% | 28.46% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.25% | 42.31% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.05% | 41.17% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.01% | 48.45% | +0.56% |
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
RWT vs. IIPR - Profitability Comparison
RWT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Redwood Trust, Inc. reported a gross profit of 0.00 and revenue of 61.30M. Therefore, the gross margin over that period was 0.0%.
IIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Innovative Industrial Properties, Inc. reported a gross profit of 58.68M and revenue of 66.66M. Therefore, the gross margin over that period was 88.0%.
RWT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Redwood Trust, Inc. reported an operating income of 0.00 and revenue of 61.30M, resulting in an operating margin of 0.0%.
IIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Innovative Industrial Properties, Inc. reported an operating income of 31.85M and revenue of 66.66M, resulting in an operating margin of 47.8%.
RWT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Redwood Trust, Inc. reported a net income of 3.00M and revenue of 61.30M, resulting in a net margin of 4.9%.
IIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Innovative Industrial Properties, Inc. reported a net income of 30.71M and revenue of 66.66M, resulting in a net margin of 46.1%.