GHI vs. MAC
GHI (Greystone Housing Impact Investors LP) and MAC (Macerich Company) are both stocks. GHI operates in Mortgage Finance (Financial Services), while MAC operates in REIT - Retail (Real Estate). Over the past 10 years, GHI returned -2.34%/yr vs -6.86%/yr for MAC. At a 0.10 correlation, their price movements are largely independent.
Performance
GHI vs. MAC - Performance Comparison
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Returns By Period
In the year-to-date period, GHI achieves a -21.01% return, which is significantly lower than MAC's 21.91% return. Over the past 10 years, GHI has outperformed MAC with an annualized return of -2.34%, while MAC has yielded a comparatively lower -6.86% annualized return.
GHI
- 1D
- -2.76%
- 1M
- -0.75%
- YTD
- -21.01%
- 6M
- -16.53%
- 1Y
- -49.27%
- 3Y*
- -21.77%
- 5Y*
- -15.11%
- 10Y*
- -2.34%
MAC
- 1D
- 0.27%
- 1M
- 3.72%
- YTD
- 21.91%
- 6M
- 30.22%
- 1Y
- 44.89%
- 3Y*
- 35.21%
- 5Y*
- 10.15%
- 10Y*
- -6.86%
GHI vs. MAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHI Greystone Housing Impact Investors LP | -21.01% | -24.14% | -31.59% | 6.37% | -1.44% | 63.42% | -41.09% | 46.58% | 1.02% | 21.87% |
MAC Macerich Company | 21.91% | -3.72% | 34.48% | 45.69% | -31.57% | 68.49% | -56.69% | -32.18% | -30.56% | -2.81% |
Correlation
The correlation between GHI and MAC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 1994 | 0.10 |
The correlation between GHI and MAC shifts across timeframes, from 0.10 (all time) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GHI:
$123.08M
MAC:
$5.75B
GHI:
$56.69
MAC:
-$0.72
GHI:
0.01
MAC:
5.65
GHI:
$21.84B
MAC:
$1.01B
GHI:
$26.53M
MAC:
$483.14M
GHI:
$17.24B
MAC:
$669.55M
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Return for Risk
GHI vs. MAC — Risk / Return Rank
GHI
MAC
GHI vs. MAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Greystone Housing Impact Investors LP (GHI) and Macerich Company (MAC). 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.
| GHI | MAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.25 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 3.52 | -4.41 |
| Martin ratioReturn relative to average drawdown | -1.48 | 9.20 | -10.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GHI | MAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.23 | 1.50 | -2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.51 | 0.25 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | -0.14 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.16 | -0.09 |
Drawdowns
GHI vs. MAC - Drawdown Comparison
The maximum GHI drawdown since its inception was -68.61%, smaller than the maximum MAC drawdown of -93.29%. Use the drawdown chart below to compare losses from any high point for GHI and MAC.
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Drawdown Indicators
| GHI | MAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.61% | -93.29% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -55.94% | -12.80% | -43.14% |
Max Drawdown (3Y)Largest decline over 3 years | -63.96% | -39.56% | -24.40% |
Max Drawdown (5Y)Largest decline over 5 years | -64.33% | -63.71% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -64.33% | -92.91% | +28.58% |
Current DrawdownCurrent decline from peak | -60.46% | -57.74% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -18.53% | -29.55% | +11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.25% | 4.89% | +28.36% |
Volatility
GHI vs. MAC - Volatility Comparison
Greystone Housing Impact Investors LP (GHI) and Macerich Company (MAC) have volatilities of 8.88% and 8.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHI | MAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 8.53% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 34.32% | 20.73% | +13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.23% | 30.09% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.53% | 41.13% | -11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.03% | 48.73% | -17.70% |
Dividends
GHI vs. MAC - Dividend Comparison
GHI's dividend yield for the trailing twelve months is around 18.71%, more than MAC's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHI Greystone Housing Impact Investors LP | 18.71% | 17.71% | 14.44% | 9.22% | 9.43% | 7.78% | 7.18% | 6.49% | 8.90% | 8.26% | 9.26% | 9.88% |
MAC Macerich Company | 2.29% | 3.68% | 3.41% | 4.41% | 5.51% | 3.47% | 10.78% | 11.14% | 6.86% | 4.37% | 3.88% | 5.74% |
Financials
GHI vs. MAC - Financials Comparison
This section allows you to compare key financial metrics between Greystone Housing Impact Investors LP and Macerich Company. 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
GHI vs. MAC - Profitability Comparison
GHI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Greystone Housing Impact Investors LP reported a gross profit of 0.00 and revenue of 21.79B. Therefore, the gross margin over that period was 0.0%.
MAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Macerich Company reported a gross profit of 227.73M and revenue of 241.54M. Therefore, the gross margin over that period was 94.3%.
GHI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Greystone Housing Impact Investors LP reported an operating income of 0.00 and revenue of 21.79B, resulting in an operating margin of 0.0%.
MAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Macerich Company reported an operating income of 158.29M and revenue of 241.54M, resulting in an operating margin of 65.5%.
GHI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Greystone Housing Impact Investors LP reported a net income of 1.33B and revenue of 21.79B, resulting in a net margin of 6.1%.
MAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Macerich Company reported a net income of -36.35M and revenue of 241.54M, resulting in a net margin of -15.1%.
Frequently Asked Questions
GHI and MAC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHI has higher volatility (8.88%) compared to MAC (8.53%). In terms of maximum drawdown, GHI dropped -68.61% vs MAC's -93.29%.
MAC currently has the higher Sharpe Ratio (1.50 vs -1.23), 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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