EQR vs. MAA

Last updated Apr 2, 2026

Compare and contrast key facts about Equity Residential (EQR) and Mid-America Apartment Communities, Inc. (MAA).

Performance

EQR vs. MAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equity Residential (EQR) and Mid-America Apartment Communities, Inc. (MAA). The values are adjusted to include any dividend payments, if applicable.

EQR vs. MAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQR Equity Residential	-3.33%	-8.57%	20.81%	8.34%	-32.46%	57.33%	-23.61%	26.16%	7.08%	2.19%
MAA Mid-America Apartment Communities, Inc.	-10.78%	-6.36%	19.94%	-10.44%	-29.75%	85.87%	-0.64%	42.52%	-1.06%	6.28%

Fundamentals

Market Cap EQR : $23.15B MAA : $14.35B
EPS EQR : $2.87 MAA : $3.81
PE Ratio EQR : 20.76 MAA : 32.12
PS Ratio EQR : 7.50 MAA : 6.50
PB Ratio EQR : 2.10 MAA : 2.53
Total Revenue (TTM) EQR : $3.10B MAA : $2.21B
Gross Profit (TTM) EQR : $1.44B MAA : $703.07M
EBITDA (TTM) EQR : $2.34B MAA : $1.32B

Returns By Period

In the year-to-date period, EQR achieves a -3.33% return, which is significantly higher than MAA's -10.78% return. Over the past 10 years, EQR has underperformed MAA with an annualized return of 1.76%, while MAA has yielded a comparatively higher 5.51% annualized return.

EQR

• 1D: 0.68%
• 1M: -4.53%
• YTD: -3.33%
• 6M: -4.93%
• 1Y: -12.71%
• 3Y*: 3.97%
• 5Y*: -0.07%
• 10Y*: 1.76%

MAA

• 1D: 0.35%
• 1M: -8.62%
• YTD: -10.78%
• 6M: -9.16%
• 1Y: -23.66%
• 3Y*: -2.80%
• 5Y*: 0.09%
• 10Y*: 5.51%

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

Return for Risk

EQR vs. MAA — Risk / Return Rank

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

EQR

EQR Risk / Return Rank: 15
EQR Sharpe Ratio Rank: 17
EQR Sortino Ratio Rank: 16
EQR Omega Ratio Rank: 17
EQR Calmar Ratio Rank: 12
EQR Martin Ratio Rank: 14

MAA

MAA Risk / Return Rank: 5
MAA Sharpe Ratio Rank: 2
MAA Sortino Ratio Rank: 4
MAA Omega Ratio Rank: 6
MAA Calmar Ratio Rank: 6
MAA Martin Ratio Rank: 8

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.

EQR vs. MAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equity Residential (EQR) and Mid-America Apartment Communities, Inc. (MAA). 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.

	EQR	MAA	Difference
Sharpe ratio Return per unit of total volatility	-0.55	-1.16	+0.61
Sortino ratio Return per unit of downside risk	-0.64	-1.59	+0.95
Omega ratio Gain probability vs. loss probability	0.92	0.81	+0.11
Calmar ratio Return relative to maximum drawdown	-0.79	-0.92	+0.13
Martin ratio Return relative to average drawdown	-1.33	-1.52	+0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQR vs. MAA - Sharpe Ratio Comparison

The current EQR Sharpe Ratio is -0.55, which is higher than the MAA Sharpe Ratio of -1.16. The chart below compares the historical Sharpe Ratios of EQR and MAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EQR	MAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	-1.16	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.00	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.23	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.43	-0.10

Correlation

The correlation between EQR and MAA is 0.63, 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.

Dividends

EQR vs. MAA - Dividend Comparison

EQR's dividend yield for the trailing twelve months is around 4.67%, less than MAA's 4.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQR Equity Residential	4.67%	4.37%	2.82%	4.33%	4.24%	2.66%	4.07%	2.81%	3.27%	3.16%	20.22%	2.71%
MAA Mid-America Apartment Communities, Inc.	4.96%	4.36%	3.80%	4.96%	2.98%	1.79%	3.16%	2.91%	3.86%	3.46%	3.35%	3.39%

Drawdowns

EQR vs. MAA - Drawdown Comparison

The maximum EQR drawdown since its inception was -67.40%, which is greater than MAA's maximum drawdown of -60.29%. Use the drawdown chart below to compare losses from any high point for EQR and MAA.

Drawdown Indicators

	EQR	MAA	Difference
Max Drawdown Largest peak-to-trough decline	-67.40%	-60.29%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-25.74%	+9.19%
Max Drawdown (5Y) Largest decline over 5 years	-39.32%	-45.01%	+5.69%
Max Drawdown (10Y) Largest decline over 10 years	-45.91%	-45.01%	-0.90%
Current Drawdown Current decline from peak	-24.70%	-36.95%	+12.25%
Average Drawdown Average peak-to-trough decline	-12.10%	-10.27%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.85%	15.59%	-5.74%

Volatility

EQR vs. MAA - Volatility Comparison

Equity Residential (EQR) has a higher volatility of 5.33% compared to Mid-America Apartment Communities, Inc. (MAA) at 4.51%. This indicates that EQR's price experiences larger fluctuations and is considered to be riskier than MAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQR	MAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	4.51%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	12.65%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	20.52%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	22.01%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	24.11%	+0.87%

Financials

EQR vs. MAA - Profitability Comparison

The chart below illustrates the profitability comparison between Equity Residential and Mid-America Apartment Communities, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EQR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Equity Residential reported a gross profit of -14.23M and revenue of 789.03M. Therefore, the gross margin over that period was -1.8%.

MAA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mid-America Apartment Communities, Inc. reported a gross profit of 200.36M and revenue of 555.56M. Therefore, the gross margin over that period was 36.1%.

EQR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Equity Residential reported an operating income of 222.92M and revenue of 789.03M, resulting in an operating margin of 28.3%.

MAA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mid-America Apartment Communities, Inc. reported an operating income of 157.69M and revenue of 555.56M, resulting in an operating margin of 28.4%.

EQR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Equity Residential reported a net income of 382.09M and revenue of 789.03M, resulting in a net margin of 48.4%.

MAA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mid-America Apartment Communities, Inc. reported a net income of 57.57M and revenue of 555.56M, resulting in a net margin of 10.4%.