TCNNF vs. IIPR
TCNNF (Trulieve Cannabis Corp) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. TCNNF operates in Drug Manufacturers - Specialty & Generic (Healthcare), while IIPR operates in REIT - Industrial (Real Estate). At a correlation of -0.13, they often move in opposite directions.
Performance
TCNNF vs. IIPR - Performance Comparison
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Returns By Period
TCNNF
- 1D
- 0.00%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IIPR
- 1D
- 2.28%
- 1M
- 6.31%
- YTD
- 33.06%
- 6M
- 32.17%
- 1Y
- 20.57%
- 3Y*
- 5.77%
- 5Y*
- -13.64%
- 10Y*
- —
TCNNF vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TCNNF Trulieve Cannabis Corp | -5.71% |
IIPR Innovative Industrial Properties, Inc. | 3.59% |
Correlation
The correlation between TCNNF and IIPR is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026 | -0.13 |
Fundamentals
TCNNF:
$2.28B
IIPR:
$1.73B
TCNNF:
-$0.42
IIPR:
$4.14
TCNNF:
1.90
IIPR:
6.53
TCNNF:
1.99
IIPR:
0.97
TCNNF:
$1.17B
IIPR:
$263.23M
TCNNF:
$670.85M
IIPR:
$195.78M
TCNNF:
$276.20M
IIPR:
$210.04M
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Return for Risk
TCNNF vs. IIPR — Risk / Return Rank
TCNNF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IIPR
TCNNF vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trulieve Cannabis Corp (TCNNF) 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.
| TCNNF | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.97 | — |
| Martin ratioReturn relative to average drawdown | — | 2.36 | — |
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Drawdowns
TCNNF vs. IIPR - Drawdown Comparison
The maximum TCNNF drawdown since its inception was -11.15%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for TCNNF and IIPR.
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Drawdown Indicators
| TCNNF | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -78.42% | +67.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.42% | — |
Current DrawdownCurrent decline from peak | -11.15% | -68.05% | +56.90% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -37.41% | +27.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.74% | — |
Volatility
TCNNF vs. IIPR - Volatility Comparison
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Volatility by Period
| TCNNF | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.42% | 41.62% | +21.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.42% | 41.74% | +21.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.42% | 48.41% | +15.01% |
Dividends
TCNNF vs. IIPR - Dividend Comparison
TCNNF has not paid dividends to shareholders, while IIPR's dividend yield for the trailing twelve months is around 12.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.53% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% |
TCNNF Trulieve Cannabis Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TCNNF vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Trulieve Cannabis Corp 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
TCNNF vs. IIPR - Profitability Comparison
TCNNF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trulieve Cannabis Corp reported a gross profit of 170.08M and revenue of 286.75M. Therefore, the gross margin over that period was 59.3%.
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%.
TCNNF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trulieve Cannabis Corp reported an operating income of 35.73M and revenue of 286.75M, resulting in an operating margin of 12.5%.
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%.
TCNNF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trulieve Cannabis Corp reported a net income of 2.41M and revenue of 286.75M, resulting in a net margin of 0.8%.
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
TCNNF and IIPR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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