BRX vs. ADC

Last updated Jun 4, 2026

BRX (Brixmor Property Group Inc.) and ADC (Agree Realty Corporation) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 10 years, BRX returned 6.71%/yr vs 9.63%/yr for ADC. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

BRX vs. ADC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brixmor Property Group Inc. (BRX) and Agree Realty Corporation (ADC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRX achieves a 17.78% return, which is significantly higher than ADC's 1.77% return. Over the past 10 years, BRX has underperformed ADC with an annualized return of 6.71%, while ADC has yielded a comparatively higher 9.63% annualized return.

BRX

• 1D: 0.27%
• 1M: 1.04%
• YTD: 17.78%
• 6M: 21.72%
• 1Y: 24.98%
• 3Y*: 18.65%
• 5Y*: 10.03%
• 10Y*: 6.71%

ADC

• 1D: -0.89%
• 1M: -4.88%
• YTD: 1.77%
• 6M: -1.21%
• 1Y: 0.57%
• 3Y*: 8.22%
• 5Y*: 4.50%
• 10Y*: 9.63%

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

BRX vs. ADC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRX Brixmor Property Group Inc.	17.78%	-1.67%	25.19%	7.71%	-6.79%	60.29%	-19.44%	56.89%	-15.93%	-19.54%
ADC Agree Realty Corporation	1.77%	6.62%	17.20%	-7.07%	3.50%	11.28%	-1.40%	22.71%	19.75%	16.42%

Correlation

The correlation between BRX and ADC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 31, 2013	0.56

The correlation between BRX and ADC has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Fundamentals

Market Cap BRX : $9.29B ADC : $8.67B
EPS BRX : $1.44 ADC : $1.91
PE Ratio BRX : 20.92 ADC : 37.62
PS Ratio BRX : 6.69 ADC : 10.91
PB Ratio BRX : 3.06 ADC : 1.43
Total Revenue (TTM) BRX : $1.39B ADC : $750.05M
Gross Profit (TTM) BRX : $1.09B ADC : $667.57M
EBITDA (TTM) BRX : $1.04B ADC : $639.27M

Return for Risk

BRX vs. ADC — Risk / Return Rank

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

BRX

BRX Risk / Return Rank: 76
BRX Sharpe Ratio Rank: 79
BRX Sortino Ratio Rank: 75
BRX Omega Ratio Rank: 73
BRX Calmar Ratio Rank: 74
BRX Martin Ratio Rank: 78

ADC

ADC Risk / Return Rank: 38
ADC Sharpe Ratio Rank: 41
ADC Sortino Ratio Rank: 33
ADC Omega Ratio Rank: 33
ADC Calmar Ratio Rank: 41
ADC Martin Ratio Rank: 41

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.

BRX vs. ADC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brixmor Property Group Inc. (BRX) and Agree Realty Corporation (ADC). 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.

	BRX	ADC	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.04	+1.37
Sortino ratio Return per unit of downside risk	2.02	0.17	+1.85
Omega ratio Gain probability vs. loss probability	1.25	1.02	+0.23
Calmar ratio Return relative to maximum drawdown	2.03	0.05	+1.98
Martin ratio Return relative to average drawdown	5.87	0.13	+5.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRX vs. ADC - Sharpe Ratio Comparison

The current BRX Sharpe Ratio is 1.40, which is higher than the ADC Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of BRX and ADC, 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

	BRX	ADC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.04	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.24	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.41	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.38	-0.12

Drawdowns

BRX vs. ADC - Drawdown Comparison

The maximum BRX drawdown since its inception was -66.54%, smaller than the maximum ADC drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for BRX and ADC.

Drawdown Indicators

	BRX	ADC	Difference
Max Drawdown Largest peak-to-trough decline	-66.54%	-70.25%	+3.71%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-11.14%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-21.08%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-31.59%	-29.52%	-2.07%
Max Drawdown (10Y) Largest decline over 10 years	-66.54%	-39.00%	-27.54%
Current Drawdown Current decline from peak	-3.08%	-11.14%	+8.06%
Average Drawdown Average peak-to-trough decline	-15.83%	-9.64%	-6.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	4.37%	-0.11%

Volatility

BRX vs. ADC - Volatility Comparison

Brixmor Property Group Inc. (BRX) has a higher volatility of 5.12% compared to Agree Realty Corporation (ADC) at 3.87%. This indicates that BRX's price experiences larger fluctuations and is considered to be riskier than ADC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRX	ADC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	3.87%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	12.06%	12.04%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	15.92%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.91%	18.79%	+6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.11%	23.64%	+10.47%

Dividends

BRX vs. ADC - Dividend Comparison

BRX's dividend yield for the trailing twelve months is around 3.94%, less than ADC's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADC Agree Realty Corporation	4.35%	4.28%	4.26%	4.64%	3.95%	3.65%	3.61%	3.25%	3.65%	3.94%	4.17%	5.43%
BRX Brixmor Property Group Inc.	3.94%	4.39%	3.92%	4.47%	4.23%	3.38%	3.44%	5.18%	7.49%	5.57%	4.01%	3.49%

Financials

BRX vs. ADC - Profitability Comparison

The chart below illustrates the profitability comparison between Brixmor Property Group Inc. and Agree Realty Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BRX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brixmor Property Group Inc. reported a gross profit of 309.42M and revenue of 354.82M. Therefore, the gross margin over that period was 87.2%.

ADC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported a gross profit of 186.09M and revenue of 200.81M. Therefore, the gross margin over that period was 92.7%.

BRX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brixmor Property Group Inc. reported an operating income of 134.11M and revenue of 354.82M, resulting in an operating margin of 37.8%.

ADC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported an operating income of 98.55M and revenue of 200.81M, resulting in an operating margin of 49.1%.

BRX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brixmor Property Group Inc. reported a net income of 127.75M and revenue of 354.82M, resulting in a net margin of 36.0%.

ADC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported a net income of 60.19M and revenue of 200.81M, resulting in a net margin of 30.0%.

Frequently Asked Questions

Can I hold both BRX and ADC in my portfolio?

BRX and ADC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRX or ADC?

BRX has higher volatility (5.12%) compared to ADC (3.87%). In terms of maximum drawdown, BRX dropped -66.54% vs ADC's -70.25%.

Which has better risk-adjusted returns?

BRX currently has the higher Sharpe Ratio (1.40 vs 0.04), 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.