TTD vs. IIPR
TTD (The Trade Desk, Inc.) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. TTD operates in Software - Application (Technology), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, TTD returned -20.31%/yr vs -13.57%/yr for IIPR. At a 0.31 correlation, their price movements are largely independent.
Performance
TTD vs. IIPR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TTD achieves a -49.21% return, which is significantly lower than IIPR's 32.69% return.
TTD
- 1D
- 2.01%
- 1M
- -8.84%
- YTD
- -49.21%
- 6M
- -47.39%
- 1Y
- -71.63%
- 3Y*
- -37.11%
- 5Y*
- -20.31%
- 10Y*
- —
IIPR
- 1D
- -2.07%
- 1M
- 12.06%
- YTD
- 32.69%
- 6M
- 15.09%
- 1Y
- 24.22%
- 3Y*
- 4.81%
- 5Y*
- -13.57%
- 10Y*
- —
TTD vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTD The Trade Desk, Inc. | -49.21% | -67.70% | 63.33% | 60.52% | -51.08% | 14.41% | 208.34% | 123.83% | 153.79% | 65.27% |
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 TTD and IIPR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2016 | 0.31 |
The correlation between TTD and IIPR shifts across timeframes, from 0.13 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TTD:
$9.19B
IIPR:
$1.72B
TTD:
$0.89
IIPR:
$4.14
TTD:
21.71
IIPR:
14.62
TTD:
3.16
IIPR:
6.51
TTD:
3.75
IIPR:
0.96
TTD:
$2.97B
IIPR:
$263.23M
TTD:
$2.31B
IIPR:
$195.78M
TTD:
$725.01M
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
TTD vs. IIPR — Risk / Return Rank
TTD
IIPR
TTD vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Trade Desk, Inc. (TTD) 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.
| TTD | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 1.14 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 1.09 | -2.01 |
| Martin ratioReturn relative to average drawdown | -1.28 | 2.65 | -3.93 |
Loading charts...
Drawdowns
TTD vs. IIPR - Drawdown Comparison
The maximum TTD drawdown since its inception was -86.45%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for TTD and IIPR.
Loading charts...
Drawdown Indicators
| TTD | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.45% | -78.42% | -8.03% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -21.29% | -57.65% |
Max Drawdown (3Y)Largest decline over 3 years | -86.45% | -62.92% | -23.53% |
Max Drawdown (5Y)Largest decline over 5 years | -86.45% | -78.42% | -8.03% |
Current DrawdownCurrent decline from peak | -86.18% | -68.14% | -18.04% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -37.34% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.84% | 8.73% | +48.11% |
Volatility
TTD vs. IIPR - Volatility Comparison
The Trade Desk, Inc. (TTD) has a higher volatility of 18.89% compared to Innovative Industrial Properties, Inc. (IIPR) at 9.13%. This indicates that TTD'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.
Loading charts...
Volatility by Period
| TTD | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.89% | 9.13% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 41.21% | 30.31% | +10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.24% | 41.56% | +22.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.34% | 41.71% | +25.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.43% | 48.46% | +19.97% |
Dividends
TTD vs. IIPR - Dividend Comparison
TTD has not paid dividends to shareholders, while IIPR's dividend yield for the trailing twelve months is around 12.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TTD The Trade Desk, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TTD vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between The Trade Desk, 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
TTD vs. IIPR - Profitability Comparison
TTD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported a gross profit of 506.89M and revenue of 688.86M. Therefore, the gross margin over that period was 73.6%.
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%.
TTD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported an operating income of 66.65M and revenue of 688.86M, resulting in an operating margin of 9.7%.
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%.
TTD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Trade Desk, Inc. reported a net income of 40.00M and revenue of 688.86M, resulting in a net margin of 5.8%.
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
TTD 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.
TTD has higher volatility (18.89%) compared to IIPR (9.13%). In terms of maximum drawdown, TTD dropped -86.45% vs IIPR's -78.42%.
IIPR currently has the higher Sharpe Ratio (0.56 vs -1.13), 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 TTD 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