AVB vs. 0823.HK
AVB (AvalonBay Communities, Inc.) and 0823.HK (Link Real Estate Investment Trust) are both stocks. Both are in the Real Estate sector — AVB in REIT - Residential, 0823.HK in REIT - Retail. Over the past 10 years, AVB returned 4.47%/yr vs 2.55%/yr for 0823.HK. At a 0.05 correlation, their price movements are largely independent.
Performance
AVB vs. 0823.HK - Performance Comparison
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Different Trading Currencies
AVB is traded in USD, while 0823.HK is traded in HKD. To make them comparable, the 0823.HK values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVB achieves a 4.63% return, which is significantly lower than 0823.HK's 11.17% return. Over the past 10 years, AVB has outperformed 0823.HK with an annualized return of 4.47%, while 0823.HK has yielded a comparatively lower 2.55% annualized return.
AVB
- 1D
- -1.11%
- 1M
- 1.92%
- YTD
- 4.63%
- 6M
- 7.83%
- 1Y
- -4.05%
- 3Y*
- 3.50%
- 5Y*
- 1.10%
- 10Y*
- 4.47%
0823.HK
- 1D
- -0.19%
- 1M
- -5.33%
- YTD
- 11.17%
- 6M
- 10.38%
- 1Y
- -0.17%
- 3Y*
- -0.13%
- 5Y*
- -6.89%
- 10Y*
- 2.55%
AVB vs. 0823.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 4.63% | -14.60% | 21.44% | 20.34% | -33.92% | 62.17% | -20.27% | 24.10% | 1.00% | 3.89% |
0823.HK Link Real Estate Investment Trust | 11.17% | 12.99% | -18.31% | -18.82% | -12.50% | 0.71% | -10.44% | 7.90% | 13.05% | 47.81% |
Correlation
The correlation between AVB and 0823.HK is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.05 |
The correlation between AVB and 0823.HK shifts across timeframes, from -0.10 (1 year) to 0.07 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
AVB vs. 0823.HK — Risk / Return Rank
AVB
0823.HK
AVB vs. 0823.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AvalonBay Communities, Inc. (AVB) and Link Real Estate Investment Trust (0823.HK). 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.
| AVB | 0823.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.04 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.10 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.37 | 0.17 | -0.54 |
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
| AVB | 0823.HK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.10 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.30 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.12 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.42 | +0.01 |
Drawdowns
AVB vs. 0823.HK - Drawdown Comparison
The maximum AVB drawdown since its inception was -70.04%, which is greater than 0823.HK's maximum drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for AVB and 0823.HK.
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Drawdown Indicators
| AVB | 0823.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -61.97% | -8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -19.98% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -31.41% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -38.36% | -54.67% | +16.31% |
Max Drawdown (10Y)Largest decline over 10 years | -46.91% | -61.97% | +15.06% |
Current DrawdownCurrent decline from peak | -16.71% | -44.36% | +27.65% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -17.77% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 11.01% | -0.06% |
Volatility
AVB vs. 0823.HK - Volatility Comparison
AvalonBay Communities, Inc. (AVB) has a higher volatility of 5.81% compared to Link Real Estate Investment Trust (0823.HK) at 4.87%. This indicates that AVB's price experiences larger fluctuations and is considered to be riskier than 0823.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVB | 0823.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 4.87% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | 12.69% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.23% | 19.70% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 23.73% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 22.59% | +2.10% |
Dividends
AVB vs. 0823.HK - Dividend Comparison
AVB's dividend yield for the trailing twelve months is around 3.75%, less than 0823.HK's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0823.HK Link Real Estate Investment Trust | 6.80% | 7.61% | 8.14% | 5.68% | 5.11% | 4.36% | 3.96% | 3.32% | 3.17% | 3.19% | 4.22% | 4.03% |
AVB AvalonBay Communities, Inc. | 3.75% | 3.86% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% |
Financials
AVB vs. 0823.HK - Financials Comparison
This section allows you to compare key financial metrics between AvalonBay Communities, Inc. and Link Real Estate Investment Trust. 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
AVB and 0823.HK have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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