AMH vs. ESS
AMH (American Homes 4 Rent) and ESS (Essex Property Trust, Inc.) are both stocks. Both operate in the REIT - Residential industry within the Real Estate sector. Over the past 10 years, AMH returned 6.38%/yr vs 5.52%/yr for ESS. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
AMH vs. ESS - Performance Comparison
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Returns By Period
In the year-to-date period, AMH achieves a 6.38% return, which is significantly lower than ESS's 11.82% return. Over the past 10 years, AMH has outperformed ESS with an annualized return of 6.38%, while ESS has yielded a comparatively lower 5.52% annualized return.
AMH
- 1D
- 0.63%
- 1M
- -1.94%
- 6M
- 9.03%
- YTD
- 6.38%
- 1Y
- -1.15%
- 3Y*
- -0.41%
- 5Y*
- -1.84%
- 10Y*
- 6.38%
- ALL TIME*
- 7.80%
ESS
- 1D
- 0.81%
- 1M
- -4.76%
- 6M
- 15.04%
- YTD
- 11.82%
- 1Y
- 15.09%
- 3Y*
- 9.24%
- 5Y*
- 0.75%
- 10Y*
- 5.52%
- ALL TIME*
- 13.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $67.86M | $65.07M | $89.64M | |
| $153.87M | $150.04M | $137.97M |
AMH vs. ESS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMH American Homes 4 Rent | 6.38% | -11.12% | 6.99% | 22.44% | -29.46% | 46.91% | 15.28% | 33.13% | -8.23% | 5.05% |
ESS Essex Property Trust, Inc. | 11.82% | -4.98% | 18.36% | 21.97% | -37.76% | 52.40% | -18.09% | 25.92% | 4.83% | 6.82% |
Correlation
The correlation between AMH and ESS is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2013 | 0.60 |
The correlation between AMH and ESS shifts across timeframes, from 0.60 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AMH:
$12.00B
ESS:
$18.26B
AMH:
$1.28
ESS:
$4.91
AMH:
26.02
ESS:
57.82
AMH:
0.81
ESS:
4.05
AMH:
13.08
ESS:
7.13
AMH:
$937.72M
ESS:
$1.93B
AMH:
$284.38M
ESS:
$1.35B
AMH:
$1.20B
ESS:
$855.19M
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Return for Risk
AMH vs. ESS — Risk / Return Rank
AMH
ESS
AMH vs. ESS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Homes 4 Rent (AMH) and Essex Property Trust, Inc. (ESS). 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.
| AMH | ESS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.13 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.42 | -1.41 |
| Martin ratioReturn relative to average drawdown | 0.03 | 3.88 | -3.85 |
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Drawdowns
AMH vs. ESS - Drawdown Comparison
The maximum AMH drawdown since its inception was -38.40%, smaller than the maximum ESS drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for AMH and ESS.
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Drawdown Indicators
| AMH | ESS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -62.67% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -21.23% | -9.59% | -11.64% |
Max Drawdown (3Y)Largest decline over 3 years | -29.73% | -20.77% | -8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | -43.87% | +12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.40% | -44.84% | +6.44% |
Current DrawdownCurrent decline from peak | -13.37% | -6.99% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -10.84% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 3.52% | +6.51% |
Volatility
AMH vs. ESS - Volatility Comparison
The current volatility for American Homes 4 Rent (AMH) is 5.25%, while Essex Property Trust, Inc. (ESS) has a volatility of 7.03%. This indicates that AMH experiences smaller price fluctuations and is considered to be less risky than ESS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMH | ESS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 7.03% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 14.74% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 20.09% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.39% | 23.84% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 25.82% | -2.22% |
Dividends
AMH vs. ESS - Dividend Comparison
AMH's dividend yield for the trailing twelve months is around 3.77%, more than ESS's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMH American Homes 4 Rent | 3.77% | 3.74% | 2.78% | 2.45% | 2.39% | 0.92% | 0.67% | 0.76% | 1.01% | 0.92% | 0.95% | 1.20% |
ESS Essex Property Trust, Inc. | 3.63% | 3.88% | 2.57% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% |
Financials
AMH vs. ESS - Financials Comparison
This section allows you to compare key financial metrics between American Homes 4 Rent and Essex Property Trust, 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
AMH vs. ESS - Profitability Comparison
AMH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, American Homes 4 Rent reported a gross profit of -16.46M and revenue of -472.02M. Therefore, the gross margin over that period was 3.5%.
ESS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Essex Property Trust, Inc. reported a gross profit of 348.03M and revenue of 489.05M. Therefore, the gross margin over that period was 71.2%.
AMH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, American Homes 4 Rent reported an operating income of -118.30M and revenue of -472.02M, resulting in an operating margin of 25.1%.
ESS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Essex Property Trust, Inc. reported an operating income of 109.37M and revenue of 489.05M, resulting in an operating margin of 22.4%.
AMH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, American Homes 4 Rent reported a net income of 110.14M and revenue of -472.02M, resulting in a net margin of -23.3%.
ESS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Essex Property Trust, Inc. reported a net income of -116.68M and revenue of 489.05M, resulting in a net margin of -23.9%.
Frequently Asked Questions
AMH and ESS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESS has higher volatility (7.03%) compared to AMH (5.25%). In terms of maximum drawdown, AMH dropped -38.40% vs ESS's -62.67%.
ESS currently has the higher Sharpe Ratio (0.69 vs 0.01), 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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