SUN vs. IIPR
SUN (Sunoco LP) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. SUN operates in Oil & Gas Refining & Marketing (Energy), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, SUN returned 19.32%/yr vs -13.57%/yr for IIPR. At a 0.20 correlation, their price movements are largely independent.
Performance
SUN vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, SUN achieves a 28.53% return, which is significantly lower than IIPR's 32.69% return.
SUN
- 1D
- 1.57%
- 1M
- -6.67%
- YTD
- 28.53%
- 6M
- 25.21%
- 1Y
- 29.03%
- 3Y*
- 21.16%
- 5Y*
- 19.32%
- 10Y*
- 18.66%
IIPR
- 1D
- -2.07%
- 1M
- 10.12%
- YTD
- 32.69%
- 6M
- 15.09%
- 1Y
- 23.07%
- 3Y*
- 4.81%
- 5Y*
- -13.57%
- 10Y*
- —
SUN vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUN Sunoco LP | 28.53% | 8.88% | -8.59% | 49.38% | 13.95% | 55.26% | 6.28% | 24.78% | 7.71% | 17.86% |
IIPR Innovative Industrial Properties, Inc. | 32.69% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between SUN and IIPR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.20 |
The correlation between SUN and IIPR shifts across timeframes, from 0.04 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SUN:
$3.37T
IIPR:
$1.72B
SUN:
$0.06
IIPR:
$4.14
SUN:
1.02K
IIPR:
14.62
SUN:
42.37
IIPR:
6.51
SUN:
1.30K
IIPR:
0.96
SUN:
$20.02B
IIPR:
$263.23M
SUN:
$1.75B
IIPR:
$195.78M
SUN:
$2.10B
IIPR:
$210.04M
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Return for Risk
SUN vs. IIPR — Risk / Return Rank
SUN
IIPR
SUN vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunoco LP (SUN) 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.
| SUN | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.09 | +1.55 |
| Martin ratioReturn relative to average drawdown | 6.54 | 2.65 | +3.89 |
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Drawdowns
SUN vs. IIPR - Drawdown Comparison
The maximum SUN drawdown since its inception was -65.47%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for SUN and IIPR.
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Drawdown Indicators
| SUN | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.47% | -78.42% | +12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -21.29% | +10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.29% | -62.92% | +41.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.29% | -78.42% | +57.13% |
Max Drawdown (10Y)Largest decline over 10 years | -62.94% | — | — |
Current DrawdownCurrent decline from peak | -9.53% | -68.14% | +58.61% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -37.34% | +21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 8.73% | -4.26% |
Volatility
SUN vs. IIPR - Volatility Comparison
The current volatility for Sunoco LP (SUN) is 8.22%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 9.13%. This indicates that SUN experiences smaller price fluctuations and is considered to be less risky 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
| SUN | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 9.13% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 30.31% | -13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.06% | 41.56% | -18.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 41.71% | -18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.76% | 48.46% | -16.70% |
Dividends
SUN vs. IIPR - Dividend Comparison
SUN's dividend yield for the trailing twelve months is around 5.74%, less than IIPR's 12.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.56% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
SUN Sunoco LP | 5.74% | 6.89% | 6.74% | 5.59% | 7.66% | 8.09% | 11.47% | 10.79% | 12.14% | 11.63% | 12.16% | 6.78% |
Financials
SUN vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Sunoco LP 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
SUN and IIPR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (9.13%) compared to SUN (8.22%). In terms of maximum drawdown, SUN dropped -65.47% vs IIPR's -78.42%.
SUN currently has the higher Sharpe Ratio (1.27 vs 0.56), 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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