Correlation
The correlation between MAA and SPY is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MAA vs. SPY
Compare and contrast key facts about Mid-America Apartment Communities, Inc. (MAA) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAA or SPY.
Performance
MAA vs. SPY - Performance Comparison
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Key characteristics
MAA:
0.92
SPY:
0.57
MAA:
1.20
SPY:
0.87
MAA:
1.15
SPY:
1.13
MAA:
0.42
SPY:
0.55
MAA:
3.27
SPY:
2.11
MAA:
5.03%
SPY:
4.91%
MAA:
21.49%
SPY:
20.35%
MAA:
-60.29%
SPY:
-55.19%
MAA:
-24.47%
SPY:
-5.23%
Returns By Period
In the year-to-date period, MAA achieves a 0.79% return, which is significantly higher than SPY's -0.89% return. Over the past 10 years, MAA has underperformed SPY with an annualized return of 11.06%, while SPY has yielded a comparatively higher 12.57% annualized return.
MAA
0.79%
-4.20%
-3.20%
19.34%
-1.67%
9.79%
11.06%
SPY
-0.89%
5.93%
-2.13%
10.77%
15.38%
16.09%
12.57%
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Risk-Adjusted Performance
MAA vs. SPY — Risk-Adjusted Performance Rank
MAA
SPY
MAA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mid-America Apartment Communities, Inc. (MAA) and 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.
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Dividends
MAA vs. SPY - Dividend Comparison
MAA's dividend yield for the trailing twelve months is around 3.91%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAA Mid-America Apartment Communities, Inc. | 3.91% | 3.80% | 4.16% | 2.98% | 2.25% | 3.16% | 2.91% | 3.86% | 3.46% | 3.35% | 3.39% | 3.91% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
MAA vs. SPY - Volatility Comparison
Mid-America Apartment Communities, Inc. (MAA) has a higher volatility of 7.05% compared to SPDR S&P 500 ETF (SPY) at 4.45%. 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.
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