VNO vs. VNOM
VNO (Vornado Realty Trust) and VNOM (Viper Energy, Inc.) are both stocks. VNO operates in REIT - Office (Real Estate), while VNOM operates in Oil & Gas E&P (Energy). Over the past 10 years, VNO returned -3.69%/yr vs 17.97%/yr for VNOM. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
VNO vs. VNOM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VNO having a 18.36% return and VNOM slightly higher at 18.51%. Over the past 10 years, VNO has underperformed VNOM with an annualized return of -3.69%, while VNOM has yielded a comparatively higher 17.97% annualized return.
VNO
- 1D
- -1.89%
- 1M
- -2.93%
- 6M
- 23.56%
- YTD
- 18.36%
- 1Y
- 6.96%
- 3Y*
- 22.47%
- 5Y*
- 1.24%
- 10Y*
- -3.69%
- ALL TIME*
- 9.72%
VNOM
- 1D
- 2.65%
- 1M
- 9.47%
- 6M
- 8.12%
- YTD
- 18.51%
- 1Y
- 28.80%
- 3Y*
- 22.65%
- 5Y*
- 27.71%
- 10Y*
- 17.97%
- ALL TIME*
- 9.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $73.17M | $67.27M | $64.76M | |
| $59.51M | $65.89M | $77.95M |
VNO vs. VNOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNO Vornado Realty Trust | 18.36% | -19.09% | 51.32% | 39.50% | -46.66% | 17.78% | -40.43% | 14.93% | -17.75% | -4.53% |
VNOM Viper Energy, Inc. | 18.51% | -16.58% | 65.52% | 4.83% | 61.69% | 94.24% | -50.69% | 0.66% | 19.60% | 55.99% |
Correlation
The correlation between VNO and VNOM is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.21 |
The correlation between VNO and VNOM shifts across timeframes, from -0.01 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
VNO:
$7.41B
VNOM:
$16.06B
VNO:
$4.08
VNOM:
-$0.28
VNO:
4.16
VNOM:
4.64
VNO:
1.24
VNOM:
1.58
VNO:
$1.81B
VNOM:
$1.60B
VNO:
$1.56B
VNOM:
$740.00M
VNO:
$1.21B
VNOM:
$1.04B
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Return for Risk
VNO vs. VNOM — Risk / Return Rank
VNO
VNOM
VNO vs. VNOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vornado Realty Trust (VNO) and Viper Energy, Inc. (VNOM). 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.
| VNO | VNOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.30 | -1.19 |
| Martin ratioReturn relative to average drawdown | 0.23 | 3.42 | -3.19 |
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Drawdowns
VNO vs. VNOM - Drawdown Comparison
The maximum VNO drawdown since its inception was -80.89%, smaller than the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for VNO and VNOM.
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Drawdown Indicators
| VNO | VNOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -86.96% | +6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -19.42% | -21.80% |
Max Drawdown (3Y)Largest decline over 3 years | -43.88% | -34.46% | -9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -71.63% | -34.46% | -37.17% |
Max Drawdown (10Y)Largest decline over 10 years | -80.89% | -86.96% | +6.07% |
Current DrawdownCurrent decline from peak | -36.14% | -14.22% | -21.92% |
Average DrawdownAverage peak-to-trough decline | -20.65% | -31.48% | +10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.14% | 7.38% | +13.76% |
Volatility
VNO vs. VNOM - Volatility Comparison
The current volatility for Vornado Realty Trust (VNO) is 8.55%, while Viper Energy, Inc. (VNOM) has a volatility of 9.38%. This indicates that VNO experiences smaller price fluctuations and is considered to be less risky than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNO | VNOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 9.38% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.69% | 19.98% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.08% | 28.54% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.67% | 35.63% | +6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.25% | 45.06% | -5.81% |
Dividends
VNO vs. VNOM - Dividend Comparison
VNO's dividend yield for the trailing twelve months is around 1.88%, less than VNOM's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNO Vornado Realty Trust | 1.88% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
VNOM Viper Energy, Inc. | 5.18% | 6.03% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% |
Financials
VNO vs. VNOM - Financials Comparison
This section allows you to compare key financial metrics between Vornado Realty Trust and Viper Energy, 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
VNO vs. VNOM - Profitability Comparison
VNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Vornado Realty Trust reported a gross profit of 212.47M and revenue of 459.11M. Therefore, the gross margin over that period was 46.3%.
VNOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Viper Energy, Inc. reported a gross profit of 255.00M and revenue of 496.00M. Therefore, the gross margin over that period was 51.4%.
VNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Vornado Realty Trust reported an operating income of 170.23M and revenue of 459.11M, resulting in an operating margin of 37.1%.
VNOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Viper Energy, Inc. reported an operating income of 238.00M and revenue of 496.00M, resulting in an operating margin of 48.0%.
VNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Vornado Realty Trust reported a net income of -22.84M and revenue of 459.11M, resulting in a net margin of -5.0%.
VNOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Viper Energy, Inc. reported a net income of 97.00M and revenue of 496.00M, resulting in a net margin of 19.6%.
Frequently Asked Questions
VNO and VNOM have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNOM has higher volatility (9.38%) compared to VNO (8.55%). In terms of maximum drawdown, VNO dropped -80.89% vs VNOM's -86.96%.
VNOM currently has the higher Sharpe Ratio (0.89 vs 0.15), 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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