Computed head-to-head · 6 dimensions

NLY vs VICI

Annaly Capital Management, Inc. versus Vici Properties Inc. — yield, safety, growth trend, cost, scale, and tax treatment.

VICI wins 3–2 on our six-dimension comparison, but NLY can still be the better fit depending on your priorities — see each dimension below.

Scorecard at a glance

Dimension	NLY	VICI	Winner
Yield	12.92%	6.84%	NLY wins
Dividend safety	4.2/10	5.0/10	VICI wins
Growth trend	-0.72% vs 5y	+1.69% vs 5y	NLY wins
Volatility (beta)	1.27	0.68	VICI wins
Scale	$15.9B	$29.0B	VICI wins
Tax efficiency	Ordinary income	Ordinary income	Tie
Overall	2 wins	3 wins	VICI wins

Dimension by dimension

NLY wins on yield (12.92% vs 6.84%)

On a $10,000 investment that's about $608 more in annual dividend income before taxes — though higher yield often comes with higher risk.

NLY's higher yield (12.92%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus VICI's 6.84% — especially if the higher yield is driven by covered calls or a falling share price.

NLY: 12.92%VICI: 6.84%

VICI wins on safety (5.0/10 vs 4.2/10)

Our score combines yield zone, payout ratio, trend vs 5-year average, instrument type, and size. VICI scores better on the weighted average of those factors.

VICI (5.0/10) scores 0.8 points higher than NLY (4.2/10). A higher safety score means lower historical indicators of dividend cut risk — payout ratio, yield zone, and trend all factor in.

NLY: 4.2/10VICI: 5.0/10

NLY shows healthier dividend-vs-price trend

NLY's yield is 0.72% below its 5y average, versus 1.69% for VICI. Lower (or below-average) yield trend often means price appreciation outpaced distributions — a healthier signal.

NLY: -0.72% vs 5yVICI: +1.69% vs 5y

VICI is less volatile (beta 0.68 vs 1.27)

Lower beta means smaller swings vs the S&P 500 — generally a steadier hold for income investors.

NLY: 1.27VICI: 0.68

VICI is 1.8× larger by market cap

Larger companies tend to have tighter spreads, deeper liquidity, and lower closure risk.

NLY: $15.9BVICI: $29.0B

Both have similar tax-treatment concerns

Both pay primarily ordinary-income distributions (covered call ETF, REIT, or mREIT). Hold in a tax-advantaged account for the cleanest treatment.

NLY: Ordinary incomeVICI: Ordinary income

How we compare these

Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.

This is educational, not investment advice.Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.

Frequently asked

Which is better for income, NLY or VICI?

VICI wins 3–2 on our six-dimension comparison, but NLY can still be the better fit depending on your priorities — see each dimension below.

NLY vs VICI: which has a higher dividend yield?

NLY yields 12.92% and VICI yields 6.84%. On a $10,000 investment that's about $608 more in annual dividend income before taxes — though higher yield often comes with higher risk.

Is NLY or VICI a safer dividend in 2026?

NLY scores 4.2/10 (Weak) on the Infnits dividend safety scale. VICI scores 5.0/10 (Mixed). VICI is the safer pick on our scoring model.

Which has better dividend growth, NLY or VICI?