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AVB vs. REZ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

AVB vs. REZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AvalonBay Communities, Inc. (AVB) and iShares Residential Real Estate ETF (REZ). The values are adjusted to include any dividend payments, if applicable.

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AVB vs. REZ - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
AVB
AvalonBay Communities, Inc.
-8.90%-14.60%21.44%20.34%-33.92%62.17%-20.27%24.10%1.00%3.89%
REZ
iShares Residential Real Estate ETF
0.69%4.80%12.73%10.97%-28.31%47.86%-6.62%24.49%3.89%3.87%

Returns By Period

In the year-to-date period, AVB achieves a -8.90% return, which is significantly lower than REZ's 0.69% return. Over the past 10 years, AVB has underperformed REZ with an annualized return of 1.90%, while REZ has yielded a comparatively higher 5.55% annualized return.


AVB

1D
2.23%
1M
-6.80%
YTD
-8.90%
6M
-13.68%
1Y
-20.92%
3Y*
2.65%
5Y*
0.73%
10Y*
1.90%

REZ

1D
1.02%
1M
-7.10%
YTD
0.69%
6M
-1.00%
1Y
-1.49%
3Y*
8.30%
5Y*
4.57%
10Y*
5.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

AVB vs. REZ — Risk / Return Rank

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

AVB
AVB Risk / Return Rank: 88
Overall Rank
AVB Sharpe Ratio Rank: 66
Sharpe Ratio Rank
AVB Sortino Ratio Rank: 99
Sortino Ratio Rank
AVB Omega Ratio Rank: 99
Omega Ratio Rank
AVB Calmar Ratio Rank: 1010
Calmar Ratio Rank
AVB Martin Ratio Rank: 77
Martin Ratio Rank

REZ
REZ Risk / Return Rank: 1010
Overall Rank
REZ Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
REZ Sortino Ratio Rank: 1010
Sortino Ratio Rank
REZ Omega Ratio Rank: 1010
Omega Ratio Rank
REZ Calmar Ratio Rank: 1111
Calmar Ratio Rank
REZ Martin Ratio Rank: 1111
Martin Ratio Rank
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. REZ - Risk-Adjusted Trends 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.


AVBREZDifference

Sharpe ratio

Return per unit of total volatility

-0.92

-0.09

-0.83

Sortino ratio

Return per unit of downside risk

-1.19

-0.01

-1.18

Omega ratio

Gain probability vs. loss probability

0.85

1.00

-0.15

Calmar ratio

Return relative to maximum drawdown

-0.85

-0.07

-0.78

Martin ratio

Return relative to average drawdown

-1.61

-0.22

-1.39

AVB vs. REZ - Sharpe Ratio Comparison

The current AVB Sharpe Ratio is -0.92, which is lower than the REZ Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of AVB and REZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


AVBREZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.92

-0.09

-0.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.03

0.24

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.08

0.26

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.23

+0.18

Correlation

The correlation between AVB and REZ is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

AVB vs. REZ - Dividend Comparison

AVB's dividend yield for the trailing twelve months is around 4.30%, more than REZ's 2.28% yield.


TTM20252024202320222021202020192018201720162015
AVB
AvalonBay Communities, Inc.
4.30%3.86%3.09%3.53%3.94%2.52%3.96%2.90%3.38%3.18%3.05%2.72%
REZ
iShares Residential Real Estate ETF
2.28%2.74%2.26%2.94%3.37%1.81%3.17%2.90%3.63%3.57%5.55%3.18%

Drawdowns

AVB vs. REZ - Drawdown Comparison

The maximum AVB drawdown since its inception was -70.04%, roughly equal to the maximum REZ drawdown of -66.87%. Use the drawdown chart below to compare losses from any high point for AVB and REZ.


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Drawdown Indicators


AVBREZDifference

Max Drawdown

Largest peak-to-trough decline

-70.04%

-66.87%

-3.17%

Max Drawdown (1Y)

Largest decline over 1 year

-23.36%

-11.82%

-11.54%

Max Drawdown (5Y)

Largest decline over 5 years

-38.36%

-35.05%

-3.31%

Max Drawdown (10Y)

Largest decline over 10 years

-46.91%

-44.15%

-2.76%

Current Drawdown

Current decline from peak

-27.48%

-7.70%

-19.78%

Average Drawdown

Average peak-to-trough decline

-11.69%

-12.79%

+1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.36%

3.84%

+8.52%

Volatility

AVB vs. REZ - Volatility Comparison

AvalonBay Communities, Inc. (AVB) has a higher volatility of 5.41% compared to iShares Residential Real Estate ETF (REZ) at 4.65%. 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.


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Volatility by Period


AVBREZDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.41%

4.65%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

13.97%

10.18%

+3.79%

Volatility (1Y)

Calculated over the trailing 1-year period

22.95%

16.81%

+6.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.03%

18.88%

+3.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.65%

21.52%

+3.13%