ZBRA vs. IRM
ZBRA (Zebra Technologies Corporation) and IRM (Iron Mountain Incorporated) are both stocks. ZBRA operates in Communication Equipment (Technology), while IRM operates in REIT - Specialty (Real Estate). Over the past 10 years, ZBRA returned 15.25%/yr vs 19.08%/yr for IRM. At a 0.29 correlation, their price movements are largely independent.
Performance
ZBRA vs. IRM - Performance Comparison
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Returns By Period
In the year-to-date period, ZBRA achieves a -5.93% return, which is significantly lower than IRM's 54.64% return. Over the past 10 years, ZBRA has underperformed IRM with an annualized return of 15.25%, while IRM has yielded a comparatively higher 19.08% annualized return.
ZBRA
- 1D
- 2.69%
- 1M
- -7.43%
- YTD
- -5.93%
- 6M
- -14.89%
- 1Y
- -21.96%
- 3Y*
- -6.94%
- 5Y*
- -14.79%
- 10Y*
- 15.25%
IRM
- 1D
- 1.65%
- 1M
- 0.89%
- YTD
- 54.64%
- 6M
- 55.51%
- 1Y
- 28.47%
- 3Y*
- 35.74%
- 5Y*
- 27.45%
- 10Y*
- 19.08%
ZBRA vs. IRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZBRA Zebra Technologies Corporation | -5.93% | -37.13% | 41.30% | 6.60% | -56.92% | 54.87% | 50.46% | 60.42% | 53.40% | 21.04% |
IRM Iron Mountain Incorporated | 54.64% | -18.24% | 54.48% | 46.52% | -0.08% | 87.74% | 0.98% | 5.87% | -7.97% | 23.56% |
Correlation
The correlation between ZBRA and IRM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 1996 | 0.29 |
The correlation between ZBRA and IRM shifts across timeframes, from 0.29 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ZBRA:
$11.57B
IRM:
$38.02B
ZBRA:
$8.16
IRM:
$0.91
ZBRA:
27.99
IRM:
139.08
ZBRA:
2.10
IRM:
5.23
ZBRA:
$5.58B
IRM:
$7.25B
ZBRA:
$2.65B
IRM:
$2.94B
ZBRA:
$1.02B
IRM:
$2.40B
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Return for Risk
ZBRA vs. IRM — Risk / Return Rank
ZBRA
IRM
ZBRA vs. IRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zebra Technologies Corporation (ZBRA) and Iron Mountain Incorporated (IRM). 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.
| ZBRA | IRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.18 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.14 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.90 | 2.73 | -3.63 |
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Drawdowns
ZBRA vs. IRM - Drawdown Comparison
The maximum ZBRA drawdown since its inception was -73.42%, which is greater than IRM's maximum drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for ZBRA and IRM.
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Drawdown Indicators
| ZBRA | IRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.42% | -55.71% | -17.71% |
Max Drawdown (1Y)Largest decline over 1 year | -41.62% | -25.15% | -16.47% |
Max Drawdown (3Y)Largest decline over 3 years | -52.67% | -39.03% | -13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -67.78% | -39.03% | -28.75% |
Max Drawdown (10Y)Largest decline over 10 years | -67.78% | -39.03% | -28.75% |
Current DrawdownCurrent decline from peak | -62.83% | -3.65% | -59.18% |
Average DrawdownAverage peak-to-trough decline | -27.71% | -13.16% | -14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.36% | 10.47% | +13.89% |
Volatility
ZBRA vs. IRM - Volatility Comparison
Zebra Technologies Corporation (ZBRA) has a higher volatility of 14.63% compared to Iron Mountain Incorporated (IRM) at 7.91%. This indicates that ZBRA's price experiences larger fluctuations and is considered to be riskier than IRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZBRA | IRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 7.91% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 31.30% | 24.13% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.22% | 32.04% | +10.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.49% | 29.68% | +10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.38% | 29.64% | +9.74% |
Dividends
ZBRA vs. IRM - Dividend Comparison
ZBRA has not paid dividends to shareholders, while IRM's dividend yield for the trailing twelve months is around 2.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRM Iron Mountain Incorporated | 2.59% | 3.88% | 2.60% | 3.63% | 4.96% | 4.73% | 8.39% | 7.69% | 7.32% | 5.93% | 6.17% | 7.07% |
ZBRA Zebra Technologies Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ZBRA vs. IRM - Financials Comparison
This section allows you to compare key financial metrics between Zebra Technologies Corporation and Iron Mountain Incorporated. 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
ZBRA vs. IRM - Profitability Comparison
ZBRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported a gross profit of 742.00M and revenue of 1.50B. Therefore, the gross margin over that period was 49.6%.
IRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a gross profit of 0.00 and revenue of 1.94B. Therefore, the gross margin over that period was 0.0%.
ZBRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported an operating income of 215.00M and revenue of 1.50B, resulting in an operating margin of 14.4%.
IRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported an operating income of 395.23M and revenue of 1.94B, resulting in an operating margin of 20.4%.
ZBRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported a net income of 135.00M and revenue of 1.50B, resulting in a net margin of 9.0%.
IRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a net income of 143.67M and revenue of 1.94B, resulting in a net margin of 7.4%.
Frequently Asked Questions
ZBRA and IRM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZBRA has higher volatility (14.63%) compared to IRM (7.91%). In terms of maximum drawdown, ZBRA dropped -73.42% vs IRM's -55.71%.
IRM currently has the higher Sharpe Ratio (0.89 vs -0.52), 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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