EPR vs. ESS

Last updated Jun 3, 2026

EPR (EPR Properties) and ESS (Essex Property Trust, Inc.) are both stocks. Both are in the Real Estate sector — EPR in REIT - Retail, ESS in REIT - Residential. Over the past 10 years, EPR returned 3.56%/yr vs 6.13%/yr for ESS. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

EPR vs. ESS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EPR Properties (EPR) and Essex Property Trust, Inc. (ESS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPR achieves a 16.31% return, which is significantly higher than ESS's 8.28% return. Over the past 10 years, EPR has underperformed ESS with an annualized return of 3.56%, while ESS has yielded a comparatively higher 6.13% annualized return.

EPR

• 1D: 0.46%
• 1M: 2.68%
• YTD: 16.31%
• 6M: 11.49%
• 1Y: 7.69%
• 3Y*: 16.86%
• 5Y*: 8.75%
• 10Y*: 3.56%

ESS

• 1D: 0.23%
• 1M: 5.40%
• YTD: 8.28%
• 6M: 8.67%
• 1Y: 1.42%
• 3Y*: 10.84%
• 5Y*: 1.52%
• 10Y*: 6.13%

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

EPR vs. ESS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPR EPR Properties	16.31%	20.52%	-1.25%	38.83%	-14.61%	50.60%	-52.09%	17.13%	3.59%	-3.41%
ESS Essex Property Trust, Inc.	8.28%	-4.98%	18.36%	21.97%	-37.76%	52.40%	-18.09%	25.92%	4.83%	6.82%

Correlation

The correlation between EPR and ESS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Nov 19, 1997	0.53

The correlation between EPR and ESS shifts across timeframes, from 0.41 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS EPR : $3.55 ESS : $9.59
PE Ratio EPR : 15.91 ESS : 28.94
PEG Ratio EPR : 0.34 ESS : 2.03
PS Ratio EPR : 6.17 ESS : 7.03
Total Revenue (TTM) EPR : $700.22M ESS : $1.91B
Gross Profit (TTM) EPR : $568.77M ESS : $1.32B
EBITDA (TTM) EPR : $582.57M ESS : $1.44B

Return for Risk

EPR vs. ESS — Risk / Return Rank

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

EPR

EPR Risk / Return Rank: 48
EPR Sharpe Ratio Rank: 52
EPR Sortino Ratio Rank: 44
EPR Omega Ratio Rank: 44
EPR Calmar Ratio Rank: 50
EPR Martin Ratio Rank: 49

ESS

ESS Risk / Return Rank: 39
ESS Sharpe Ratio Rank: 43
ESS Sortino Ratio Rank: 35
ESS Omega Ratio Rank: 34
ESS Calmar Ratio Rank: 42
ESS Martin Ratio Rank: 42

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.

EPR vs. ESS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EPR Properties (EPR) and Essex Property Trust, Inc. (ESS). 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.

	EPR	ESS	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.07	+0.28
Sortino ratio Return per unit of downside risk	0.62	0.23	+0.39
Omega ratio Gain probability vs. loss probability	1.08	1.03	+0.05
Calmar ratio Return relative to maximum drawdown	0.43	0.10	+0.32
Martin ratio Return relative to average drawdown	0.85	0.17	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPR vs. ESS - Sharpe Ratio Comparison

The current EPR Sharpe Ratio is 0.35, which is higher than the ESS Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of EPR and ESS, 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

	EPR	ESS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.07	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.06	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.24	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.50	-0.20

Drawdowns

EPR vs. ESS - Drawdown Comparison

The maximum EPR drawdown since its inception was -82.02%, which is greater than ESS's maximum drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for EPR and ESS.

Drawdown Indicators

	EPR	ESS	Difference
Max Drawdown Largest peak-to-trough decline	-82.02%	-62.67%	-19.35%
Max Drawdown (1Y) Largest decline over 1 year	-19.51%	-16.49%	-3.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-20.77%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-43.87%	+8.24%
Max Drawdown (10Y) Largest decline over 10 years	-82.02%	-44.84%	-37.18%
Current Drawdown Current decline from peak	-5.08%	-9.93%	+4.85%
Average Drawdown Average peak-to-trough decline	-16.60%	-10.86%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.79%	9.80%	-0.01%

Volatility

EPR vs. ESS - Volatility Comparison

EPR Properties (EPR) has a higher volatility of 5.06% compared to Essex Property Trust, Inc. (ESS) at 4.48%. This indicates that EPR's price experiences larger fluctuations and is considered to be riskier than ESS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPR	ESS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	4.48%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	14.07%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	22.25%	20.76%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.22%	23.70%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.45%	25.81%	+16.64%

Dividends

EPR vs. ESS - Dividend Comparison

EPR's dividend yield for the trailing twelve months is around 6.35%, more than ESS's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPR EPR Properties	6.35%	7.05%	7.68%	6.81%	8.62%	3.16%	4.66%	6.37%	5.62%	6.23%	5.35%	6.21%
ESS Essex Property Trust, Inc.	3.71%	3.88%	2.57%	3.73%	4.15%	2.37%	3.50%	2.59%	3.03%	2.90%	2.75%	2.41%

Financials

EPR vs. ESS - Profitability Comparison

The chart below illustrates the profitability comparison between EPR Properties and Essex Property Trust, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EPR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EPR Properties reported a gross profit of 180.96M and revenue of 181.25M. Therefore, the gross margin over that period was 99.8%.

ESS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Essex Property Trust, Inc. reported a gross profit of 343.50M and revenue of 484.76M. Therefore, the gross margin over that period was 70.9%.

EPR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EPR Properties reported an operating income of 100.62M and revenue of 181.25M, resulting in an operating margin of 55.5%.

ESS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Essex Property Trust, Inc. reported an operating income of 155.19M and revenue of 484.76M, resulting in an operating margin of 32.0%.

EPR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EPR Properties reported a net income of 62.61M and revenue of 181.25M, resulting in a net margin of 34.5%.

ESS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Essex Property Trust, Inc. reported a net income of -6.02M and revenue of 484.76M, resulting in a net margin of -1.2%.

Frequently Asked Questions

Can I hold both EPR and ESS in my portfolio?

EPR and ESS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPR or ESS?

EPR has higher volatility (5.06%) compared to ESS (4.48%). In terms of maximum drawdown, EPR dropped -82.02% vs ESS's -62.67%.

Which has better risk-adjusted returns?

EPR currently has the higher Sharpe Ratio (0.35 vs 0.07), 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.