ESS vs. PSA
ESS (Essex Property Trust, Inc.) and PSA (Public Storage) are both stocks. Both are in the Real Estate sector — ESS in REIT - Residential, PSA in REIT - Industrial. Over the past 10 years, ESS returned 5.90%/yr vs 7.08%/yr for PSA. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
ESS vs. PSA - Performance Comparison
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Returns By Period
In the year-to-date period, ESS achieves a 7.78% return, which is significantly lower than PSA's 25.81% return. Over the past 10 years, ESS has underperformed PSA with an annualized return of 5.90%, while PSA has yielded a comparatively higher 7.08% annualized return.
ESS
- 1D
- 0.94%
- 1M
- -0.15%
- YTD
- 7.78%
- 6M
- 8.12%
- 1Y
- 1.06%
- 3Y*
- 12.08%
- 5Y*
- 1.46%
- 10Y*
- 5.90%
PSA
- 1D
- 0.66%
- 1M
- 5.88%
- YTD
- 25.81%
- 6M
- 24.89%
- 1Y
- 14.97%
- 3Y*
- 8.44%
- 5Y*
- 5.59%
- 10Y*
- 7.08%
ESS vs. PSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 7.78% | -4.98% | 18.36% | 21.97% | -37.76% | 52.40% | -18.09% | 25.92% | 4.83% | 6.82% |
PSA Public Storage | 25.81% | -9.69% | 2.09% | 13.60% | -20.20% | 66.63% | 12.69% | 8.96% | 0.62% | -2.89% |
Correlation
The correlation between ESS and PSA 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 | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 1994 | 0.55 |
The correlation between ESS and PSA shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ESS:
$9.59
PSA:
$10.84
ESS:
28.81
PSA:
29.55
ESS:
2.02
PSA:
1.78
ESS:
7.00
PSA:
11.59
ESS:
$1.91B
PSA:
$4.86B
ESS:
$1.32B
PSA:
$2.95B
ESS:
$1.44B
PSA:
$3.38B
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Return for Risk
ESS vs. PSA — Risk / Return Rank
ESS
PSA
ESS vs. PSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Essex Property Trust, Inc. (ESS) and Public Storage (PSA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESS | PSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.12 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.93 | -0.86 |
| Martin ratioReturn relative to average drawdown | 0.11 | 2.04 | -1.93 |
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Drawdowns
ESS vs. PSA - Drawdown Comparison
The maximum ESS drawdown since its inception was -62.67%, roughly equal to the maximum PSA drawdown of -60.19%. Use the drawdown chart below to compare losses from any high point for ESS and PSA.
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Drawdown Indicators
| ESS | PSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.67% | -60.19% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -16.20% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -25.62% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -43.87% | -37.93% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -44.84% | -37.93% | -6.91% |
Current DrawdownCurrent decline from peak | -10.35% | -6.71% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -15.77% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.80% | 7.37% | +2.43% |
Volatility
ESS vs. PSA - Volatility Comparison
The current volatility for Essex Property Trust, Inc. (ESS) is 5.04%, while Public Storage (PSA) has a volatility of 6.44%. This indicates that ESS experiences smaller price fluctuations and is considered to be less risky than PSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESS | PSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 6.44% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.10% | 17.77% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 23.02% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 23.91% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 23.48% | +2.35% |
Dividends
ESS vs. PSA - Dividend Comparison
ESS's dividend yield for the trailing twelve months is around 3.73%, which matches PSA's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.73% | 3.88% | 2.57% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% |
PSA Public Storage | 3.75% | 4.62% | 4.01% | 3.93% | 7.55% | 2.14% | 3.46% | 3.76% | 3.95% | 3.83% | 3.27% | 2.62% |
Financials
ESS vs. PSA - Financials Comparison
This section allows you to compare key financial metrics between Essex Property Trust, Inc. and Public Storage. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ESS vs. PSA - Profitability Comparison
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%.
PSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Public Storage reported a gross profit of 877.80M and revenue of 1.22B. Therefore, the gross margin over that period was 72.1%.
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%.
PSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Public Storage reported an operating income of 474.28M and revenue of 1.22B, resulting in an operating margin of 39.0%.
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%.
PSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Public Storage reported a net income of 529.38M and revenue of 1.22B, resulting in a net margin of 43.5%.
Frequently Asked Questions
ESS and PSA 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.
PSA has higher volatility (6.44%) compared to ESS (5.04%). In terms of maximum drawdown, ESS dropped -62.67% vs PSA's -60.19%.
PSA currently has the higher Sharpe Ratio (0.65 vs 0.05), 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.
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