VFF vs. IIPR
VFF (Village Farms International, Inc.) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. VFF operates in Farm Products (Consumer Defensive), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, VFF returned -25.33%/yr vs -13.55%/yr for IIPR. At a 0.33 correlation, their price movements are largely independent.
Performance
VFF vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, VFF achieves a -34.25% return, which is significantly lower than IIPR's 25.63% return.
VFF
- 1D
- -4.00%
- 1M
- -13.67%
- YTD
- -34.25%
- 6M
- -33.33%
- 1Y
- 90.48%
- 3Y*
- 60.09%
- 5Y*
- -25.33%
- 10Y*
- 5.84%
IIPR
- 1D
- -1.17%
- 1M
- 8.26%
- YTD
- 25.63%
- 6M
- 20.32%
- 1Y
- 18.90%
- 3Y*
- 4.66%
- 5Y*
- -13.55%
- 10Y*
- —
VFF vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFF Village Farms International, Inc. | -34.25% | 373.41% | 1.31% | -43.21% | -79.13% | -36.69% | 62.76% | 92.28% | -46.80% | 534.37% |
IIPR Innovative Industrial Properties, Inc. | 25.63% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between VFF and IIPR is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2016 | 0.33 |
The correlation between VFF and IIPR shifts across timeframes, from 0.29 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VFF:
$0.51
IIPR:
$4.14
VFF:
4.70
IIPR:
13.84
VFF:
0.94
IIPR:
6.17
VFF:
$226.50M
IIPR:
$263.23M
VFF:
$94.49M
IIPR:
$195.78M
VFF:
$48.63M
IIPR:
$210.04M
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Return for Risk
VFF vs. IIPR — Risk / Return Rank
VFF
IIPR
VFF vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Village Farms International, Inc. (VFF) 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.
| VFF | IIPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.46 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.02 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 0.89 | +1.24 |
Martin ratioReturn relative to average drawdown | 4.40 | 2.17 | +2.23 |
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
| VFF | IIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.46 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.33 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.39 | -0.32 |
Drawdowns
VFF vs. IIPR - Drawdown Comparison
The maximum VFF drawdown since its inception was -97.52%, which is greater than IIPR's maximum drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for VFF and IIPR.
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Drawdown Indicators
| VFF | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.52% | -78.42% | -19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -42.58% | -21.29% | -21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -68.56% | -62.92% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -95.70% | -78.42% | -17.28% |
Max Drawdown (10Y)Largest decline over 10 years | -97.52% | — | — |
Current DrawdownCurrent decline from peak | -87.61% | -69.83% | -17.78% |
Average DrawdownAverage peak-to-trough decline | -51.49% | -37.00% | -14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.62% | 8.72% | +11.90% |
Volatility
VFF vs. IIPR - Volatility Comparison
The current volatility for Village Farms International, Inc. (VFF) is 11.73%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 15.24%. This indicates that VFF 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
| VFF | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.73% | 15.24% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 44.70% | 29.68% | +15.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.75% | 40.97% | +42.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.04% | 41.62% | +35.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.84% | 48.43% | +31.41% |
Dividends
VFF vs. IIPR - Dividend Comparison
VFF has not paid dividends to shareholders, while IIPR's dividend yield for the trailing twelve months is around 13.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 13.27% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% |
VFF Village Farms International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
VFF vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Village Farms International, 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
VFF vs. IIPR - Profitability Comparison
VFF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Village Farms International, Inc. reported a gross profit of 20.99M and revenue of 50.24M. Therefore, the gross margin over that period was 41.8%.
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%.
VFF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Village Farms International, Inc. reported an operating income of 2.73M and revenue of 50.24M, resulting in an operating margin of 5.4%.
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%.
VFF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Village Farms International, Inc. reported a net income of 6.07M and revenue of 50.24M, resulting in a net margin of 12.1%.
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
VFF and IIPR have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (15.24%) compared to VFF (11.73%). In terms of maximum drawdown, VFF dropped -97.52% vs IIPR's -78.42%.
VFF currently has the higher Sharpe Ratio (1.09 vs 0.46), 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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