AIV vs. O
AIV (Apartment Investment and Management Company) and O (Realty Income Corporation) are both stocks. Both are in the Real Estate sector — AIV in REIT - Residential, O in REIT - Retail. Over the past 10 years, AIV returned 10.43%/yr vs 4.58%/yr for O. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
AIV vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, AIV achieves a 38.70% return, which is significantly higher than O's 8.26% return. Over the past 10 years, AIV has outperformed O with an annualized return of 10.43%, while O has yielded a comparatively lower 4.58% annualized return.
AIV
- 1D
- -0.23%
- 1M
- 45.39%
- YTD
- 38.70%
- 6M
- 47.65%
- 1Y
- 42.07%
- 3Y*
- 12.50%
- 5Y*
- 11.56%
- 10Y*
- 10.43%
O
- 1D
- -0.32%
- 1M
- -5.46%
- YTD
- 8.26%
- 6M
- 5.55%
- 1Y
- 12.57%
- 3Y*
- 5.73%
- 5Y*
- 2.47%
- 10Y*
- 4.58%
AIV vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIV Apartment Investment and Management Company | 38.70% | -2.20% | 16.09% | 9.97% | -7.57% | 46.21% | -18.86% | 21.58% | 4.14% | -0.66% |
O Realty Income Corporation | 8.26% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between AIV and O is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 1994 | 0.53 |
Over the past year, the correlation between AIV and O has dropped to 0.24 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
Fundamentals
AIV:
$3.93
O:
$1.17
AIV:
1.09
O:
50.86
AIV:
0.00
O:
4.14
AIV:
4.85
O:
6.87
AIV:
$122.53M
O:
$5.92B
AIV:
-$75.71M
O:
$3.89B
AIV:
$90.78M
O:
$3.93B
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Return for Risk
AIV vs. O — Risk / Return Rank
AIV
O
AIV vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apartment Investment and Management Company (AIV) and Realty Income Corporation (O). 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.
| AIV | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.14 | +1.42 |
| Martin ratioReturn relative to average drawdown | 4.40 | 2.88 | +1.52 |
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
| AIV | O | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.79 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.13 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.18 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.48 | -0.17 |
Drawdowns
AIV vs. O - Drawdown Comparison
The maximum AIV drawdown since its inception was -87.51%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for AIV and O.
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Drawdown Indicators
| AIV | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -48.45% | -39.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -11.10% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -36.11% | -26.49% | -9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -34.48% | -6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -54.42% | -48.28% | -6.14% |
Current DrawdownCurrent decline from peak | -0.23% | -10.44% | +10.21% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -9.21% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.58% | 4.37% | +5.21% |
Volatility
AIV vs. O - Volatility Comparison
Apartment Investment and Management Company (AIV) has a higher volatility of 35.94% compared to Realty Income Corporation (O) at 5.48%. This indicates that AIV's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIV | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.94% | 5.48% | +30.46% |
Volatility (6M)Calculated over the trailing 6-month period | 37.77% | 11.72% | +26.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.90% | 15.95% | +31.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.72% | 18.87% | +15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.98% | 25.63% | +8.35% |
Dividends
AIV vs. O - Dividend Comparison
AIV's dividend yield for the trailing twelve months is around 116.36%, more than O's 5.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIV Apartment Investment and Management Company | 116.36% | 47.64% | 0.00% | 0.00% | 0.28% | 0.00% | 5.18% | 6.00% | 3.46% | 3.29% | 2.90% | 2.95% |
O Realty Income Corporation | 5.42% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
AIV vs. O - Financials Comparison
This section allows you to compare key financial metrics between Apartment Investment and Management Company and Realty Income Corporation. 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
Frequently Asked Questions
AIV and O have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIV has higher volatility (35.94%) compared to O (5.48%). In terms of maximum drawdown, AIV dropped -87.51% vs O's -48.45%.
AIV currently has the higher Sharpe Ratio (0.88 vs 0.79), 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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