MAA vs. SPY
MAA (Mid-America Apartment Communities, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MAA returned 6.43%/yr vs 15.09%/yr for SPY. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
MAA vs. SPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MAA achieves a -0.50% return, which is significantly lower than SPY's 11.70% return. Over the past 10 years, MAA has underperformed SPY with an annualized return of 6.43%, while SPY has yielded a comparatively higher 15.09% annualized return.
MAA
- 1D
- 0.85%
- 1M
- -5.05%
- 6M
- 3.30%
- YTD
- -0.50%
- 1Y
- -0.14%
- 3Y*
- 1.50%
- 5Y*
- -3.14%
- 10Y*
- 6.43%
- ALL TIME*
- 12.09%
SPY
- 1D
- 1.42%
- 1M
- 1.73%
- 6M
- 9.53%
- YTD
- 11.70%
- 1Y
- 23.22%
- 3Y*
- 20.74%
- 5Y*
- 13.05%
- 10Y*
- 15.09%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $167.18M | $156.17M | $141.06M | |
| $38.19B | $36.17B | $39.59B |
MAA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAA Mid-America Apartment Communities, Inc. | -0.50% | -6.36% | 19.94% | -10.44% | -29.75% | 85.87% | -0.64% | 42.52% | -1.06% | 6.28% |
SPY State Street SPDR S&P 500 ETF | 11.70% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MAA and SPY is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 1994 | 0.41 |
The correlation between MAA and SPY shifts across timeframes, from -0.01 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MAA vs. SPY — Risk / Return Rank
MAA
SPY
MAA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mid-America Apartment Communities, Inc. (MAA) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.62 | -2.63 |
| Martin ratioReturn relative to average drawdown | -0.02 | 11.20 | -11.21 |
Loading charts...
Drawdowns
MAA vs. SPY - Drawdown Comparison
The maximum MAA drawdown since its inception was -60.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MAA and SPY.
Loading charts...
Drawdown Indicators
| MAA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.29% | -55.19% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -8.88% | -6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -18.76% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -45.01% | -24.50% | -20.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -33.72% | -11.29% |
Current DrawdownCurrent decline from peak | -29.68% | 0.00% | -29.68% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -9.01% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 2.08% | +5.18% |
Volatility
MAA vs. SPY - Volatility Comparison
Mid-America Apartment Communities, Inc. (MAA) has a higher volatility of 6.33% compared to State Street SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that MAA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MAA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 3.84% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 10.23% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 12.87% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 17.19% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.21% | 17.96% | +6.25% |
Dividends
MAA vs. SPY - Dividend Comparison
MAA's dividend yield for the trailing twelve months is around 4.57%, more than SPY's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAA Mid-America Apartment Communities, Inc. | 4.57% | 4.36% | 3.80% | 4.96% | 2.98% | 1.79% | 3.16% | 2.91% | 3.86% | 3.46% | 3.35% | 3.39% |
SPY State Street SPDR S&P 500 ETF | 0.99% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
MAA and SPY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAA has higher volatility (6.33%) compared to SPY (3.84%). In terms of maximum drawdown, MAA dropped -60.29% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.82 vs -0.01), 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.
Find the right allocation for MAA and SPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer