AVB vs. AHR

Last updated Jun 9, 2026

AVB (AvalonBay Communities, Inc.) and AHR (American Healthcare REIT, Inc.) are both stocks. Both are in the Real Estate sector — AVB in REIT - Residential, AHR in REIT - Healthcare Facilities. Over the past year, AVB returned -4.05% vs 31.87% for AHR. At a 0.34 correlation, their price movements are largely independent.

Performance

AVB vs. AHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AvalonBay Communities, Inc. (AVB) and American Healthcare REIT, Inc. (AHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVB achieves a 4.63% return, which is significantly higher than AHR's -2.37% 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%

AHR

• 1D: -3.75%
• 1M: -11.62%
• YTD: -2.37%
• 6M: -7.33%
• 1Y: 31.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVB vs. AHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVB AvalonBay Communities, Inc.	4.63%	-14.60%	31.11%
AHR American Healthcare REIT, Inc.	-2.37%	70.03%	126.69%

Correlation

The correlation between AVB and AHR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024	0.34

The correlation between AVB and AHR shifts across timeframes, from 0.20 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AVB : $26.42B AHR : $8.59B
EPS AVB : $8.02 AHR : $140.17
PE Ratio AVB : 23.40 AHR : 0.33
PEG Ratio AVB : 13.46 AHR : 0.00
PS Ratio AVB : 8.72 AHR : 0.01
PB Ratio AVB : 2.26 AHR : 0.00
Total Revenue (TTM) AVB : $3.06B AHR : $652.49B
Gross Profit (TTM) AVB : $2.08B AHR : $637.91B
EBITDA (TTM) AVB : $1.99B AHR : $72.76B

Return for Risk

AVB vs. AHR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVB

AVB Risk / Return Rank: 32
AVB Sharpe Ratio Rank: 34
AVB Sortino Ratio Rank: 28
AVB Omega Ratio Rank: 28
AVB Calmar Ratio Rank: 36
AVB Martin Ratio Rank: 35

AHR

AHR Risk / Return Rank: 78
AHR Sharpe Ratio Rank: 80
AHR Sortino Ratio Rank: 74
AHR Omega Ratio Rank: 74
AHR Calmar Ratio Rank: 79
AHR Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVB vs. AHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AvalonBay Communities, Inc. (AVB) and American Healthcare REIT, Inc. (AHR). 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	AHR	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.34	-1.54
Sortino ratio: Return per unit of downside risk	-0.14	1.86	-2.01
Omega ratio: Gain probability vs. loss probability	0.98	1.24	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.19	2.35	-2.55
Martin ratio: Return relative to average drawdown	-0.37	6.89	-7.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVB vs. AHR - Sharpe Ratio Comparison

The current AVB Sharpe Ratio is -0.20, which is lower than the AHR Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of AVB and AHR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVB	AHR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	1.34	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	2.88	-2.45

Drawdowns

AVB vs. AHR - Drawdown Comparison

The maximum AVB drawdown since its inception was -70.04%, which is greater than AHR's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for AVB and AHR.

Drawdown Indicators

	AVB	AHR	Difference
Max Drawdown Largest peak-to-trough decline	-70.04%	-13.62%	-56.42%
Max Drawdown (1Y) Largest decline over 1 year	-20.87%	-13.62%	-7.25%
Max Drawdown (3Y) Largest decline over 3 years	-29.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.91%	—	—
Current Drawdown Current decline from peak	-16.71%	-13.62%	-3.09%
Average Drawdown Average peak-to-trough decline	-11.74%	-2.99%	-8.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.95%	4.64%	+6.31%

Volatility

AVB vs. AHR - Volatility Comparison

The current volatility for AvalonBay Communities, Inc. (AVB) is 5.81%, while American Healthcare REIT, Inc. (AHR) has a volatility of 10.27%. This indicates that AVB experiences smaller price fluctuations and is considered to be less risky than AHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVB	AHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	10.27%	-4.46%
Volatility (6M) Calculated over the trailing 6-month period	15.17%	19.04%	-3.87%
Volatility (1Y) Calculated over the trailing 1-year period	20.23%	23.92%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	26.83%	-4.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	26.83%	-2.14%

Dividends

AVB vs. AHR - Dividend Comparison

AVB's dividend yield for the trailing twelve months is around 3.75%, more than AHR's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHR American Healthcare REIT, Inc.	2.19%	2.12%	3.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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. AHR - Profitability Comparison

The chart below illustrates the profitability comparison between AvalonBay Communities, Inc. and American Healthcare REIT, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvalonBay Communities, Inc. reported a gross profit of 521.68M and revenue of 770.28M. Therefore, the gross margin over that period was 67.7%.

AHR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Healthcare REIT, Inc. reported a gross profit of 637.67B and revenue of 650.77B. Therefore, the gross margin over that period was 98.0%.

AVB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvalonBay Communities, Inc. reported an operating income of 218.54M and revenue of 770.28M, resulting in an operating margin of 28.4%.

AHR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Healthcare REIT, Inc. reported an operating income of 138.60B and revenue of 650.77B, resulting in an operating margin of 21.3%.

AVB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvalonBay Communities, Inc. reported a net income of 325.73M and revenue of 770.28M, resulting in a net margin of 42.3%.

AHR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Healthcare REIT, Inc. reported a net income of 23.71B and revenue of 650.77B, resulting in a net margin of 3.6%.

Frequently Asked Questions

Can I hold both AVB and AHR in my portfolio?

AVB and AHR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVB or AHR?

AHR has higher volatility (10.27%) compared to AVB (5.81%). In terms of maximum drawdown, AVB dropped -70.04% vs AHR's -13.62%.

Which has better risk-adjusted returns?

AHR currently has the higher Sharpe Ratio (1.34 vs -0.20), 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.