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IIPR vs SPY

Comparison between Innovative Industrial Properties Inc (IIPR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed IIPR, delivering a return of +13.3% compared to -13.1%

IIPR vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
IIPR
$1.64B
Winner
SPY
$735B
Expense Ratio
IIPR
N/A
SPY
0.09%
Max Drawdown
IIPR
84.42%
Winner
SPY
56.47%
Sharpe Ratio
IIPR
0.61
Winner
SPY
1.62
5Y Beta
Winner
IIPR
0.69
SPY
1.00
Industry
IIPR
Reit - Industrial
SPY
N/A
P/E Ratio
Winner
IIPR
13.53
SPY
28.99
Forward P/E
Winner
IIPR
13.37
SPY
22.37
PEG Ratio
IIPR
0.00
SPY
N/A
Dividend Yield
IIPR
13.00%
SPY
N/A
5Y Dividends CAGR
Winner
IIPR
14.68%
SPY
5.43%
5Y EPS CAGR
IIPR
3.72%
Winner
SPY
26.05%
Debt to Equity
Winner
IIPR
0.00%
SPY
32.40%
Free Cash Flow Yield
IIPR
12.23%
SPY
N/A
P/S Ratio
IIPR
6.29
Winner
SPY
3.74
P/B Ratio
Winner
IIPR
0.93
SPY
5.61

IIPR vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
IIPR
-2.88%
Winner
SPY
+1.90%
3M
Winner
IIPR
+10.42%
SPY
+8.55%
6M
Winner
IIPR
+26.12%
SPY
+8.18%
1Y
IIPR
+23.65%
Winner
SPY
+25.79%
5Y(CAGR)
IIPR
-13.10%
Winner
SPY
+13.32%
10Y(CAGR)
Winner
IIPR
+19.26%
SPY
+15.19%
Max(CAGR)
Winner
IIPR
+19.26%
SPY
+8.47%

IIPR vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearIIPRSPY
2026+22.90%+8.26%
2025-19.45%+18.00%
2024-28.90%+25.59%
2023+12.26%+26.72%
2022-56.68%-18.64%
2021+52.15%+30.52%
2020+158.90%+17.28%
2019+70.62%+31.09%
2018+27.13%-5.24%
2017+77.27%+20.78%
2016-5.01%+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

IIPR vs SPY Drawdown Comparison

The maximum drawdown for IIPR was -78.34%, occurring on Aug 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current IIPR drawdown is -69.05%. The current SPY drawdown is -2.90%.

RankIIPRSPY
#1-78.34%
Nov 15, 2021 - Aug 8, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-65.46%
Jul 11, 2019 - Oct 9, 2020		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-33.22%
Jan 2, 2018 - May 25, 2018		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-24.76%
Feb 24, 2021 - Aug 6, 2021		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-21.36%
Jan 5, 2017 - Oct 25, 2017		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-20.75%
Nov 23, 2018 - Jan 17, 2019		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-19.58%
Dec 1, 2016 - Jan 5, 2017		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-16.79%
Jun 11, 2018 - Aug 24, 2018		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-16.65%
Sep 28, 2018 - Nov 16, 2018		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-14.18%
Mar 21, 2019 - Jun 5, 2019		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-14.10%
Oct 13, 2020 - Nov 5, 2020		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-12.87%
Feb 27, 2019 - Mar 15, 2019		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-12.76%
Jun 20, 2019 - Jul 11, 2019		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-11.21%
Dec 22, 2020 - Jan 21, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-9.44%
Sep 3, 2021 - Oct 20, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between IIPR and SPY is 0.32 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.32
-101

Dividend Comparison (1999 - 2026)

IIPR vs SPY dividend yield comparison.

YearIIPRSPY
20263.24%0.24%
202516.05%1.07%
202411.28%1.21%
20237.16%1.40%
20227.01%1.65%
20212.18%1.20%
20202.44%1.52%
20193.73%1.75%
20181.87%2.04%
20171.70%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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