AVB vs. GARP
AVB (AvalonBay Communities, Inc.) is a stock, while GARP (iShares MSCI USA Quality GARP ETF) is Large Cap Growth Equities fund tracking the MSCI USA Quality GARP Select Index. Over the past 5 years, AVB returned 0.52%/yr vs 20.26%/yr for GARP. At a 0.32 correlation, their price movements are largely independent.
Performance
AVB vs. GARP - Performance Comparison
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Returns By Period
In the year-to-date period, AVB achieves a 2.16% return, which is significantly lower than GARP's 21.29% return.
AVB
- 1D
- -0.10%
- 1M
- 0.41%
- YTD
- 2.16%
- 6M
- 3.02%
- 1Y
- -6.68%
- 3Y*
- 4.00%
- 5Y*
- 0.52%
- 10Y*
- 4.02%
GARP
- 1D
- -0.72%
- 1M
- 11.92%
- YTD
- 21.29%
- 6M
- 21.80%
- 1Y
- 43.57%
- 3Y*
- 33.60%
- 5Y*
- 20.26%
- 10Y*
- —
AVB vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 2.16% | -14.60% | 21.44% | 20.34% | -33.92% | 62.17% | -22.20% |
GARP iShares MSCI USA Quality GARP ETF | 21.29% | 21.49% | 37.42% | 42.86% | -26.75% | 27.99% | 26.51% |
Correlation
The correlation between AVB and GARP is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2020 | 0.32 |
Over the past year, the correlation between AVB and GARP has dropped to 0.09 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
AVB vs. GARP — Risk / Return Rank
AVB
GARP
AVB vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AvalonBay Communities, Inc. (AVB) and iShares MSCI USA Quality GARP ETF (GARP). 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 | GARP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.41 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.20 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.61 | 12.85 | -13.46 |
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 | GARP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 2.45 | -2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.93 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.90 | -0.48 |
Drawdowns
AVB vs. GARP - Drawdown Comparison
The maximum AVB drawdown since its inception was -70.04%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for AVB and GARP.
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Drawdown Indicators
| AVB | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -31.34% | -38.70% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -13.69% | -7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -29.40% | -23.73% | -5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -38.36% | -30.61% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -46.91% | — | — |
Current DrawdownCurrent decline from peak | -18.67% | -0.73% | -17.94% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -7.36% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.93% | 3.40% | +7.53% |
Volatility
AVB vs. GARP - Volatility Comparison
AvalonBay Communities, Inc. (AVB) and iShares MSCI USA Quality GARP ETF (GARP) have volatilities of 4.96% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVB | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 5.03% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 13.89% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 17.89% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.16% | 21.97% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 23.89% | +0.78% |
Dividends
AVB vs. GARP - Dividend Comparison
AVB's dividend yield for the trailing twelve months is around 3.84%, more than GARP's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 3.84% | 3.86% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% |
GARP iShares MSCI USA Quality GARP ETF | 0.25% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVB and GARP have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GARP has higher volatility (5.03%) compared to AVB (4.96%). In terms of maximum drawdown, AVB dropped -70.04% vs GARP's -31.34%.
GARP currently has the higher Sharpe Ratio (2.45 vs -0.34), 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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