MAA vs. NNN
MAA (Mid-America Apartment Communities, Inc.) and NNN (NNN REIT, Inc.) are both stocks. Both are in the Real Estate sector — MAA in REIT - Residential, NNN in REIT - Retail. Over the past 10 years, MAA returned 6.23%/yr vs 4.06%/yr for NNN. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
MAA vs. NNN - 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 NNN's 24.96% return. Over the past 10 years, MAA has outperformed NNN with an annualized return of 6.23%, while NNN 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%
NNN
- 1D
- 0.00%
- 1M
- 1.28%
- 6M
- 17.14%
- YTD
- 24.96%
- 1Y
- 19.61%
- 3Y*
- 9.84%
- 5Y*
- 4.89%
- 10Y*
- 4.06%
- ALL TIME*
- 13.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $173.28M | $156.81M | $140.16M | |
| $64.31M | $69.10M | $80.90M |
MAA vs. NNN - 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% |
NNN NNN REIT, Inc. | 24.96% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
Correlation
The correlation between MAA and NNN is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 1994 | 0.55 |
The correlation between MAA and NNN shifts across timeframes, from 0.43 (1 year) to 0.62 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MAA:
$15.40B
NNN:
$9.04B
MAA:
$4.79
NNN:
$2.05
MAA:
27.63
NNN:
23.19
MAA:
10.45
NNN:
9.60
MAA:
$1.11B
NNN:
$935.78M
MAA:
$203.69M
NNN:
$761.54M
MAA:
$1.26B
NNN:
$870.06M
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Return for Risk
MAA vs. NNN — Risk / Return Rank
MAA
NNN
MAA vs. NNN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mid-America Apartment Communities, Inc. (MAA) and NNN REIT, Inc. (NNN). 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 | NNN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.22 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.55 | -2.72 |
| Martin ratioReturn relative to average drawdown | -0.37 | 6.07 | -6.44 |
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Drawdowns
MAA vs. NNN - Drawdown Comparison
The maximum MAA drawdown since its inception was -60.29%, which is greater than NNN's maximum drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for MAA and NNN.
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Drawdown Indicators
| MAA | NNN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.29% | -56.17% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -8.60% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -22.03% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -45.01% | -25.22% | -19.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -54.99% | +9.98% |
Current DrawdownCurrent decline from peak | -30.28% | -2.92% | -27.36% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -9.78% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 3.60% | +3.66% |
Volatility
MAA vs. NNN - Volatility Comparison
Mid-America Apartment Communities, Inc. (MAA) has a higher volatility of 6.51% compared to NNN REIT, Inc. (NNN) at 5.79%. This indicates that MAA's price experiences larger fluctuations and is considered to be riskier than NNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAA | NNN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 5.79% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 12.58% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.50% | 17.13% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 19.69% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 28.12% | -3.92% |
Dividends
MAA vs. NNN - Dividend Comparison
MAA's dividend yield for the trailing twelve months is around 4.61%, less than NNN's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NNN NNN REIT, Inc. | 5.09% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
Financials
MAA vs. NNN - Financials Comparison
This section allows you to compare key financial metrics between Mid-America Apartment Communities, Inc. and NNN REIT, Inc.. 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. NNN - 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%.
NNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, NNN REIT, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.
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%.
NNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, NNN REIT, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.
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%.
NNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, NNN REIT, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.
Frequently Asked Questions
MAA and NNN have a correlation of 0.43, 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 NNN (5.79%). In terms of maximum drawdown, MAA dropped -60.29% vs NNN's -56.17%.
NNN currently has the higher Sharpe Ratio (1.28 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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