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

Performance

MAA vs. FREL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mid-America Apartment Communities, Inc. (MAA) and Fidelity MSCI Real Estate Index ETF (FREL). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.50%
14.51%
MAA
FREL

Returns By Period

In the year-to-date period, MAA achieves a 23.01% return, which is significantly higher than FREL's 10.29% return.


MAA

YTD

23.01%

1M

2.54%

6M

18.18%

1Y

36.22%

5Y (annualized)

6.56%

10Y (annualized)

12.09%

FREL

YTD

10.29%

1M

-3.08%

6M

14.42%

1Y

24.52%

5Y (annualized)

4.11%

10Y (annualized)

N/A

Key characteristics


MAAFREL
Sharpe Ratio1.731.52
Sortino Ratio2.542.13
Omega Ratio1.301.27
Calmar Ratio0.820.91
Martin Ratio8.155.54
Ulcer Index4.39%4.42%
Daily Std Dev20.71%16.18%
Max Drawdown-60.29%-42.61%
Current Drawdown-23.15%-9.06%

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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.

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.


Sharpe ratio
The chart of Sharpe ratio for MAA, currently valued at 1.73, compared to the broader market-4.00-2.000.002.004.001.731.52
The chart of Sortino ratio for MAA, currently valued at 2.54, compared to the broader market-4.00-2.000.002.004.002.542.13
The chart of Omega ratio for MAA, currently valued at 1.30, compared to the broader market0.501.001.502.001.301.27
The chart of Calmar ratio for MAA, currently valued at 0.82, compared to the broader market0.002.004.006.000.820.91
The chart of Martin ratio for MAA, currently valued at 8.15, compared to the broader market-10.000.0010.0020.0030.008.155.54
MAA
FREL

The current MAA Sharpe Ratio is 1.73, which is comparable to the FREL Sharpe Ratio of 1.52. 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
1.73
1.52
MAA
FREL

Dividends

MAA vs. FREL - Dividend Comparison

MAA's dividend yield for the trailing twelve months is around 3.71%, more than FREL's 3.24% yield.


TTM20232022202120202019201820172016201520142013
MAA
Mid-America Apartment Communities, Inc.
3.71%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
3.24%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
-23.15%
-9.06%
MAA
FREL

Volatility

MAA vs. FREL - Volatility Comparison

Mid-America Apartment Communities, Inc. (MAA) has a higher volatility of 6.39% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 5.06%. 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
6.39%
5.06%
MAA
FREL