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MAA vs. FREL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MAAFREL
YTD Return23.49%11.99%
1Y Return38.63%33.62%
3Y Return (Ann)-4.40%-0.62%
5Y Return (Ann)7.17%4.91%
Sharpe Ratio1.761.85
Sortino Ratio2.612.65
Omega Ratio1.301.34
Calmar Ratio0.841.02
Martin Ratio8.547.20
Ulcer Index4.37%4.38%
Daily Std Dev21.20%17.06%
Max Drawdown-60.29%-42.61%
Current Drawdown-22.85%-7.66%

Correlation

-0.50.00.51.00.8

The correlation between MAA and FREL is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

MAA vs. FREL - Performance Comparison

In the year-to-date period, MAA achieves a 23.49% return, which is significantly higher than FREL's 11.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
19.86%
18.22%
MAA
FREL

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Risk-Adjusted Performance

MAA vs. FREL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Mid-America Apartment Communities, Inc. (MAA) and Fidelity MSCI Real Estate Index ETF (FREL). 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.


MAA
Sharpe ratio
The chart of Sharpe ratio for MAA, currently valued at 1.76, compared to the broader market-4.00-2.000.002.004.001.76
Sortino ratio
The chart of Sortino ratio for MAA, currently valued at 2.61, compared to the broader market-4.00-2.000.002.004.006.002.61
Omega ratio
The chart of Omega ratio for MAA, currently valued at 1.30, compared to the broader market0.501.001.502.001.30
Calmar ratio
The chart of Calmar ratio for MAA, currently valued at 0.84, compared to the broader market0.002.004.006.000.84
Martin ratio
The chart of Martin ratio for MAA, currently valued at 8.54, compared to the broader market0.0010.0020.0030.008.54
FREL
Sharpe ratio
The chart of Sharpe ratio for FREL, currently valued at 1.85, compared to the broader market-4.00-2.000.002.004.001.85
Sortino ratio
The chart of Sortino ratio for FREL, currently valued at 2.65, compared to the broader market-4.00-2.000.002.004.006.002.65
Omega ratio
The chart of Omega ratio for FREL, currently valued at 1.34, compared to the broader market0.501.001.502.001.34
Calmar ratio
The chart of Calmar ratio for FREL, currently valued at 1.02, compared to the broader market0.002.004.006.001.02
Martin ratio
The chart of Martin ratio for FREL, currently valued at 7.20, compared to the broader market0.0010.0020.0030.007.20

MAA vs. FREL - Sharpe Ratio Comparison

The current MAA Sharpe Ratio is 1.76, which is comparable to the FREL Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of MAA and FREL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.76
1.85
MAA
FREL

Dividends

MAA vs. FREL - Dividend Comparison

MAA's dividend yield for the trailing twelve months is around 3.69%, more than FREL's 3.19% yield.


TTM20232022202120202019201820172016201520142013
MAA
Mid-America Apartment Communities, Inc.
3.69%4.16%2.98%2.25%3.16%2.91%3.86%3.46%3.35%3.39%3.91%4.58%
FREL
Fidelity MSCI Real Estate Index ETF
3.19%3.73%3.57%2.34%3.77%3.32%5.54%3.27%4.01%3.80%0.00%0.00%

Drawdowns

MAA vs. FREL - Drawdown Comparison

The maximum MAA drawdown since its inception was -60.29%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for MAA and FREL. For additional features, visit the drawdowns tool.


-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%JuneJulyAugustSeptemberOctoberNovember
-22.85%
-7.66%
MAA
FREL

Volatility

MAA vs. FREL - Volatility Comparison

Mid-America Apartment Communities, Inc. (MAA) has a higher volatility of 5.88% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 5.19%. This indicates that MAA's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.88%
5.19%
MAA
FREL