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 - Specialty. Over the past 10 years, ESS returned 5.52%/yr vs 7.52%/yr for PSA. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
ESS vs. PSA - Performance Comparison
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Returns By Period
In the year-to-date period, ESS achieves a 11.82% return, which is significantly lower than PSA's 27.36% return. Over the past 10 years, ESS has underperformed PSA with an annualized return of 5.52%, while PSA has yielded a comparatively higher 7.52% annualized return.
ESS
- 1D
- 0.81%
- 1M
- -4.76%
- 6M
- 15.04%
- YTD
- 11.82%
- 1Y
- 15.09%
- 3Y*
- 9.24%
- 5Y*
- 0.75%
- 10Y*
- 5.52%
- ALL TIME*
- 13.63%
PSA
- 1D
- 2.12%
- 1M
- -1.66%
- 6M
- 19.67%
- YTD
- 27.36%
- 1Y
- 21.06%
- 3Y*
- 9.43%
- 5Y*
- 5.25%
- 10Y*
- 7.52%
- ALL TIME*
- 11.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $153.87M | $150.04M | $137.97M | |
| $528.69M | $412.27M | $331.91M |
ESS vs. PSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 11.82% | -4.98% | 18.36% | 21.97% | -37.76% | 52.40% | -18.09% | 25.92% | 4.83% | 6.82% |
PSA Public Storage | 27.36% | -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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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:
$18.26B
PSA:
$60.45B
ESS:
$4.91
PSA:
$11.63
ESS:
57.82
PSA:
27.87
ESS:
4.05
PSA:
1.68
ESS:
7.13
PSA:
11.67
ESS:
$1.93B
PSA:
$4.89B
ESS:
$1.35B
PSA:
$2.95B
ESS:
$855.19M
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 | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.50 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.88 | 3.36 | +0.52 |
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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 | -9.59% | -16.20% | +6.61% |
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 | -6.99% | -5.56% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -15.75% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 7.22% | -3.70% |
Volatility
ESS vs. PSA - Volatility Comparison
The current volatility for Essex Property Trust, Inc. (ESS) is 7.03%, while Public Storage (PSA) has a volatility of 8.27%. 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 | 7.03% | 8.27% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.74% | 18.00% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 23.88% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.84% | 24.13% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 23.53% | +2.29% |
Dividends
ESS vs. PSA - Dividend Comparison
ESS's dividend yield for the trailing twelve months is around 3.63%, less than PSA's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.63% | 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 | 3.70% | 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 Aug 2026, Essex Property Trust, Inc. reported a gross profit of 348.03M and revenue of 489.05M. Therefore, the gross margin over that period was 71.2%.
PSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Public Storage reported a gross profit of 888.78M and revenue of 1.23B. 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 Aug 2026, Essex Property Trust, Inc. reported an operating income of 109.37M and revenue of 489.05M, resulting in an operating margin of 22.4%.
PSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Public Storage reported an operating income of 466.68M and revenue of 1.23B, resulting in an operating margin of 37.9%.
ESS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Essex Property Trust, Inc. reported a net income of -116.68M and revenue of 489.05M, resulting in a net margin of -23.9%.
PSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Public Storage reported a net income of 502.94M and revenue of 1.23B, resulting in a net margin of 40.8%.
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 (8.27%) compared to ESS (7.03%). In terms of maximum drawdown, ESS dropped -62.67% vs PSA's -60.19%.
PSA currently has the higher Sharpe Ratio (1.05 vs 0.69), 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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