AVB vs. REZ
Compare and contrast key facts about AvalonBay Communities, Inc. (AVB) and iShares Residential Real Estate ETF (REZ).
REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVB or REZ.
Correlation
The correlation between AVB and REZ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AVB vs. REZ - Performance Comparison
Key characteristics
AVB:
0.59
REZ:
1.09
AVB:
0.95
REZ:
1.56
AVB:
1.12
REZ:
1.20
AVB:
0.59
REZ:
0.80
AVB:
2.10
REZ:
3.59
AVB:
5.99%
REZ:
5.52%
AVB:
21.47%
REZ:
18.21%
AVB:
-70.04%
REZ:
-66.84%
AVB:
-12.08%
REZ:
-9.99%
Returns By Period
In the year-to-date period, AVB achieves a -5.69% return, which is significantly lower than REZ's 1.66% return. Over the past 10 years, AVB has underperformed REZ with an annualized return of 5.28%, while REZ has yielded a comparatively higher 6.36% annualized return.
AVB
-5.69%
-3.89%
-7.63%
11.03%
9.09%
5.28%
REZ
1.66%
-3.59%
-3.99%
19.53%
11.09%
6.36%
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Risk-Adjusted Performance
AVB vs. REZ — Risk-Adjusted Performance Rank
AVB
REZ
AVB vs. REZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AvalonBay Communities, Inc. (AVB) and iShares Residential Real Estate ETF (REZ). 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.
Dividends
AVB vs. REZ - Dividend Comparison
AVB's dividend yield for the trailing twelve months is around 3.33%, more than REZ's 2.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 3.33% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% | 2.84% |
REZ iShares Residential Real Estate ETF | 2.31% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% |
Drawdowns
AVB vs. REZ - Drawdown Comparison
The maximum AVB drawdown since its inception was -70.04%, roughly equal to the maximum REZ drawdown of -66.84%. Use the drawdown chart below to compare losses from any high point for AVB and REZ. For additional features, visit the drawdowns tool.
Volatility
AVB vs. REZ - Volatility Comparison
AvalonBay Communities, Inc. (AVB) has a higher volatility of 12.90% compared to iShares Residential Real Estate ETF (REZ) at 9.93%. This indicates that AVB's price experiences larger fluctuations and is considered to be riskier than REZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.