RYN vs. PKG
RYN (Rayonier Inc.) and PKG (Packaging Corporation of America) are both stocks. RYN operates in REIT - Specialty (Real Estate), while PKG operates in Packaging & Containers (Consumer Cyclical). Over the past 10 years, RYN returned 2.80%/yr vs 16.77%/yr for PKG. At a 0.46 correlation, their price movements are largely independent.
Performance
RYN vs. PKG - Performance Comparison
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Returns By Period
In the year-to-date period, RYN achieves a 0.26% return, which is significantly lower than PKG's 14.31% return. Over the past 10 years, RYN has underperformed PKG with an annualized return of 2.80%, while PKG has yielded a comparatively higher 16.77% annualized return.
RYN
- 1D
- 1.24%
- 1M
- 5.25%
- YTD
- 0.26%
- 6M
- 0.03%
- 1Y
- -1.11%
- 3Y*
- -2.69%
- 5Y*
- -4.57%
- 10Y*
- 2.80%
PKG
- 1D
- -0.51%
- 1M
- 8.55%
- YTD
- 14.31%
- 6M
- 13.98%
- 1Y
- 26.43%
- 3Y*
- 25.03%
- 5Y*
- 15.06%
- 10Y*
- 16.77%
RYN vs. PKG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYN Rayonier Inc. | 0.26% | -12.01% | -13.30% | 5.76% | -15.80% | 41.56% | -6.47% | 22.65% | -9.70% | 23.06% |
PKG Packaging Corporation of America | 14.31% | -6.08% | 41.70% | 31.90% | -2.62% | 1.55% | 27.20% | 38.35% | -28.85% | 45.51% |
Correlation
The correlation between RYN and PKG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2000 | 0.46 |
Fundamentals
RYN:
$5.42B
PKG:
$20.75B
RYN:
$2.11
PKG:
$8.25
RYN:
10.03
PKG:
28.21
RYN:
0.78
PKG:
37.17
RYN:
5.71
PKG:
2.27
RYN:
1.02
PKG:
4.52
RYN:
$678.37M
PKG:
$9.22B
RYN:
$185.84M
PKG:
$1.89B
RYN:
$141.97M
PKG:
$1.84B
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Return for Risk
RYN vs. PKG — Risk / Return Rank
RYN
PKG
RYN vs. PKG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayonier Inc. (RYN) and Packaging Corporation of America (PKG). 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.
| RYN | PKG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.54 | -1.59 |
| Martin ratioReturn relative to average drawdown | -0.08 | 3.37 | -3.44 |
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Drawdowns
RYN vs. PKG - Drawdown Comparison
The maximum RYN drawdown since its inception was -53.16%, smaller than the maximum PKG drawdown of -66.88%. Use the drawdown chart below to compare losses from any high point for RYN and PKG.
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Drawdown Indicators
| RYN | PKG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.16% | -66.88% | +13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -24.61% | -17.21% | -7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -33.93% | -28.43% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -45.30% | -31.78% | -13.52% |
Max Drawdown (10Y)Largest decline over 10 years | -49.84% | -38.18% | -11.66% |
Current DrawdownCurrent decline from peak | -39.89% | -4.29% | -35.60% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -11.71% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.40% | 7.87% | +6.53% |
Volatility
RYN vs. PKG - Volatility Comparison
The current volatility for Rayonier Inc. (RYN) is 7.52%, while Packaging Corporation of America (PKG) has a volatility of 8.14%. This indicates that RYN experiences smaller price fluctuations and is considered to be less risky than PKG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYN | PKG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.52% | 8.14% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 20.72% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 27.75% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.72% | 25.47% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.58% | 27.36% | +1.22% |
Dividends
RYN vs. PKG - Dividend Comparison
RYN's dividend yield for the trailing twelve months is around 6.68%, more than PKG's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKG Packaging Corporation of America | 2.25% | 2.42% | 2.22% | 3.07% | 3.71% | 2.94% | 2.44% | 2.82% | 3.59% | 2.09% | 2.78% | 3.49% |
RYN Rayonier Inc. | 6.68% | 6.65% | 12.03% | 4.01% | 3.41% | 2.68% | 3.68% | 3.30% | 3.83% | 3.16% | 3.76% | 4.50% |
Financials
RYN vs. PKG - Financials Comparison
This section allows you to compare key financial metrics between Rayonier Inc. and Packaging Corporation of America. 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
RYN vs. PKG - Profitability Comparison
RYN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rayonier Inc. reported a gross profit of 46.50M and revenue of 276.80M. Therefore, the gross margin over that period was 16.8%.
PKG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported a gross profit of 452.90M and revenue of 2.37B. Therefore, the gross margin over that period was 19.1%.
RYN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rayonier Inc. reported an operating income of -45.70M and revenue of 276.80M, resulting in an operating margin of -16.5%.
PKG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported an operating income of 272.60M and revenue of 2.37B, resulting in an operating margin of 11.5%.
RYN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rayonier Inc. reported a net income of -91.30M and revenue of 276.80M, resulting in a net margin of -33.0%.
PKG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported a net income of 170.90M and revenue of 2.37B, resulting in a net margin of 7.2%.
Frequently Asked Questions
RYN and PKG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PKG has higher volatility (8.14%) compared to RYN (7.52%). In terms of maximum drawdown, RYN dropped -53.16% vs PKG's -66.88%.
PKG currently has the higher Sharpe Ratio (0.96 vs -0.04), 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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