MAA vs. EQR
MAA (Mid-America Apartment Communities, Inc.) and EQR (Equity Residential) are both stocks. Both operate in the REIT - Residential industry within the Real Estate sector. Over the past 10 years, MAA returned 6.23%/yr vs 4.06%/yr for EQR. Their 0.63 correlation means they have sometimes moved together and sometimes differently.
Performance
MAA vs. EQR - Performance Comparison
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Returns By Period
In the year-to-date period, MAA achieves a -1.34% return, which is significantly lower than EQR's 8.99% return. Over the past 10 years, MAA has outperformed EQR with an annualized return of 6.23%, while EQR has yielded a comparatively lower 4.06% annualized return.
MAA
- 1D
- -0.74%
- 1M
- -5.85%
- 6M
- 0.90%
- YTD
- -1.34%
- 1Y
- -0.98%
- 3Y*
- 0.57%
- 5Y*
- -3.59%
- 10Y*
- 6.23%
- ALL TIME*
- 12.07%
EQR
- 1D
- -1.00%
- 1M
- -4.84%
- 6M
- 9.04%
- YTD
- 8.99%
- 1Y
- 10.67%
- 3Y*
- 4.61%
- 5Y*
- -0.79%
- 10Y*
- 4.06%
- ALL TIME*
- 10.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $238.25M | $202.36M | $206.08M | |
| $173.28M | $156.81M | $140.16M |
MAA vs. EQR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAA Mid-America Apartment Communities, Inc. | -1.34% | -6.36% | 19.94% | -10.44% | -29.75% | 85.87% | -0.64% | 42.52% | -1.06% | 6.28% |
EQR Equity Residential | 8.99% | -8.57% | 20.81% | 8.34% | -32.46% | 57.33% | -23.61% | 26.16% | 7.08% | 2.19% |
Correlation
The correlation between MAA and EQR is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 1994 | 0.63 |
Over the past year, MAA and EQR have become more correlated (0.85) than their long-term average of 0.63, meaning their price movements have been converging.
Fundamentals
MAA:
$15.40B
EQR:
$24.91B
MAA:
$4.79
EQR:
$2.26
MAA:
27.63
EQR:
29.39
MAA:
10.45
EQR:
8.20
MAA:
$1.11B
EQR:
$3.14B
MAA:
$203.69M
EQR:
$1.44B
MAA:
$1.26B
EQR:
$2.27B
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Return for Risk
MAA vs. EQR — Risk / Return Rank
MAA
EQR
MAA vs. EQR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mid-America Apartment Communities, Inc. (MAA) and Equity Residential (EQR). 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.
| MAA | EQR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.86 | -1.03 |
| Martin ratioReturn relative to average drawdown | -0.37 | 1.85 | -2.22 |
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Drawdowns
MAA vs. EQR - Drawdown Comparison
The maximum MAA drawdown since its inception was -60.29%, smaller than the maximum EQR drawdown of -67.40%. Use the drawdown chart below to compare losses from any high point for MAA and EQR.
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Drawdown Indicators
| MAA | EQR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.29% | -67.40% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -11.58% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -21.25% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -45.01% | -39.32% | -5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -45.91% | +0.90% |
Current DrawdownCurrent decline from peak | -30.28% | -15.10% | -15.18% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -12.14% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 5.35% | +1.91% |
Volatility
MAA vs. EQR - Volatility Comparison
Mid-America Apartment Communities, Inc. (MAA) has a higher volatility of 6.51% compared to Equity Residential (EQR) at 6.14%. This indicates that MAA's price experiences larger fluctuations and is considered to be riskier than EQR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAA | EQR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 6.14% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 14.57% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.50% | 20.14% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 22.55% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 24.94% | -0.74% |
Dividends
MAA vs. EQR - Dividend Comparison
MAA's dividend yield for the trailing twelve months is around 4.61%, more than EQR's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQR Equity Residential | 4.20% | 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. | 4.61% | 4.36% | 3.80% | 4.96% | 2.98% | 1.79% | 3.16% | 2.91% | 3.86% | 3.46% | 3.35% | 3.39% |
Financials
MAA vs. EQR - Financials Comparison
This section allows you to compare key financial metrics between Mid-America Apartment Communities, Inc. and Equity Residential. 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
MAA vs. EQR - Profitability Comparison
MAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mid-America Apartment Communities, Inc. reported a gross profit of -508.31M and revenue of -553.73M. Therefore, the gross margin over that period was 91.8%.
EQR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Equity Residential reported a gross profit of 481.89M and revenue of 785.05M. Therefore, the gross margin over that period was 61.4%.
MAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mid-America Apartment Communities, Inc. reported an operating income of -165.21M and revenue of -553.73M, resulting in an operating margin of 29.8%.
EQR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Equity Residential reported an operating income of 218.87M and revenue of 785.05M, resulting in an operating margin of 27.9%.
MAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mid-America Apartment Communities, Inc. reported a net income of 138.47M and revenue of -553.73M, resulting in a net margin of -25.0%.
EQR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Equity Residential reported a net income of 114.14M and revenue of 785.05M, resulting in a net margin of 14.5%.
Frequently Asked Questions
MAA and EQR have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAA has higher volatility (6.51%) compared to EQR (6.14%). In terms of maximum drawdown, MAA dropped -60.29% vs EQR's -67.40%.
EQR currently has the higher Sharpe Ratio (0.50 vs -0.14), 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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