VRTS vs. IIPR
VRTS (Virtus Investment Partners, Inc.) and IIPR (Innovative Industrial Properties, Inc.) are both stocks. VRTS operates in Asset Management (Financial Services), while IIPR operates in REIT - Industrial (Real Estate). Over the past 5 years, VRTS returned -9.74%/yr vs -13.25%/yr for IIPR. At a 0.35 correlation, their price movements are largely independent.
Performance
VRTS vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, VRTS achieves a -6.85% return, which is significantly lower than IIPR's 27.12% return.
VRTS
- 1D
- 1.15%
- 1M
- 8.29%
- YTD
- -6.85%
- 6M
- -2.31%
- 1Y
- -7.37%
- 3Y*
- -5.80%
- 5Y*
- -9.74%
- 10Y*
- 9.41%
IIPR
- 1D
- 1.10%
- 1M
- 6.35%
- YTD
- 27.12%
- 6M
- 25.51%
- 1Y
- 23.62%
- 3Y*
- 5.08%
- 5Y*
- -13.25%
- 10Y*
- —
VRTS vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRTS Virtus Investment Partners, Inc. | -6.85% | -22.12% | -5.56% | 30.90% | -33.50% | 38.98% | 82.52% | 56.62% | -29.81% | -0.99% |
IIPR Innovative Industrial Properties, Inc. | 27.12% | -18.40% | -28.55% | 8.78% | -59.02% | 47.49% | 151.33% | 72.52% | 43.88% | 82.30% |
Correlation
The correlation between VRTS and IIPR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2016 | 0.35 |
The correlation between VRTS and IIPR shifts across timeframes, from 0.35 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VRTS:
$1.00B
IIPR:
$1.65B
VRTS:
$16.98
IIPR:
$4.14
VRTS:
8.67
IIPR:
14.00
VRTS:
1.27
IIPR:
6.24
VRTS:
1.09
IIPR:
0.92
VRTS:
$799.77M
IIPR:
$263.23M
VRTS:
$646.06M
IIPR:
$195.78M
VRTS:
$384.75M
IIPR:
$210.04M
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Return for Risk
VRTS vs. IIPR — Risk / Return Rank
VRTS
IIPR
VRTS vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Investment Partners, Inc. (VRTS) 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.
| VRTS | IIPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.22 | 0.58 | -0.80 |
Sortino ratioReturn per unit of downside risk | -0.08 | 1.17 | -1.25 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.14 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.01 | -1.23 |
Martin ratioReturn relative to average drawdown | -0.39 | 2.46 | -2.85 |
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
| VRTS | IIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 0.58 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.32 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.40 | +0.03 |
Drawdowns
VRTS vs. IIPR - Drawdown Comparison
The maximum VRTS drawdown since its inception was -74.36%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for VRTS and IIPR.
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Drawdown Indicators
| VRTS | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.36% | -78.42% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -38.95% | -21.29% | -17.66% |
Max Drawdown (3Y)Largest decline over 3 years | -46.59% | -62.92% | +16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -55.50% | -78.42% | +22.92% |
Max Drawdown (10Y)Largest decline over 10 years | -58.70% | — | — |
Current DrawdownCurrent decline from peak | -46.87% | -69.47% | +22.60% |
Average DrawdownAverage peak-to-trough decline | -31.45% | -36.99% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.17% | 8.71% | +13.46% |
Volatility
VRTS vs. IIPR - Volatility Comparison
The current volatility for Virtus Investment Partners, Inc. (VRTS) is 9.74%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 15.53%. This indicates that VRTS 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
| VRTS | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 15.53% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 25.78% | 29.66% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.94% | 40.99% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.83% | 41.63% | -5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.57% | 48.44% | -9.87% |
Dividends
VRTS vs. IIPR - Dividend Comparison
VRTS's dividend yield for the trailing twelve months is around 6.42%, less than IIPR's 13.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 13.11% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% | 0.00% | 0.00% |
VRTS Virtus Investment Partners, Inc. | 6.42% | 5.61% | 3.60% | 2.83% | 3.21% | 1.33% | 1.30% | 1.91% | 2.39% | 1.56% | 1.52% | 1.53% |
Financials
VRTS vs. IIPR - Financials Comparison
This section allows you to compare key financial metrics between Virtus Investment Partners, 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
VRTS vs. IIPR - Profitability Comparison
VRTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Virtus Investment Partners, Inc. reported a gross profit of 131.82M and revenue of 186.04M. Therefore, the gross margin over that period was 70.9%.
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%.
VRTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Virtus Investment Partners, Inc. reported an operating income of 5.23M and revenue of 186.04M, resulting in an operating margin of 2.8%.
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%.
VRTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Virtus Investment Partners, Inc. reported a net income of 7.13M and revenue of 186.04M, resulting in a net margin of 3.8%.
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
VRTS and IIPR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (15.53%) compared to VRTS (9.74%). In terms of maximum drawdown, VRTS dropped -74.36% vs IIPR's -78.42%.
IIPR currently has the higher Sharpe Ratio (0.58 vs -0.22), 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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