NNN vs. MAA
NNN (National Retail Properties, Inc.) and MAA (Mid-America Apartment Communities, Inc.) are both stocks. Both are in the Real Estate sector — NNN in REIT - Retail, MAA in REIT - Residential. Over the past 10 years, NNN returned 4.59%/yr vs 6.49%/yr for MAA. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
NNN vs. MAA - Performance Comparison
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Returns By Period
In the year-to-date period, NNN achieves a 16.81% return, which is significantly higher than MAA's -2.35% return. Over the past 10 years, NNN has underperformed MAA with an annualized return of 4.59%, while MAA has yielded a comparatively higher 6.49% annualized return.
NNN
- 1D
- -0.29%
- 1M
- -0.66%
- YTD
- 16.81%
- 6M
- 16.43%
- 1Y
- 11.62%
- 3Y*
- 7.70%
- 5Y*
- 4.49%
- 10Y*
- 4.59%
MAA
- 1D
- -0.46%
- 1M
- 1.72%
- YTD
- -2.35%
- 6M
- 1.06%
- 1Y
- -6.94%
- 3Y*
- -1.07%
- 5Y*
- -0.94%
- 10Y*
- 6.49%
NNN vs. MAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNN National Retail Properties, Inc. | 16.81% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
MAA Mid-America Apartment Communities, Inc. | -2.35% | -6.36% | 19.94% | -10.44% | -29.75% | 85.87% | -0.64% | 42.52% | -1.06% | 6.28% |
Correlation
The correlation between NNN and MAA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 1994 | 0.55 |
The correlation between NNN and MAA shifts across timeframes, from 0.46 (1 year) to 0.62 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NNN:
$2.05
MAA:
$4.58
NNN:
21.91
MAA:
28.91
NNN:
9.07
MAA:
7.01
NNN:
$935.78M
MAA:
$1.66B
NNN:
$761.54M
MAA:
$450.10M
NNN:
$870.06M
MAA:
$1.28B
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Return for Risk
NNN vs. MAA — Risk / Return Rank
NNN
MAA
NNN vs. MAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Retail Properties, Inc. (NNN) and Mid-America Apartment Communities, Inc. (MAA). 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.
| NNN | MAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.95 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.36 | +1.68 |
| Martin ratioReturn relative to average drawdown | 3.03 | -0.63 | +3.66 |
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Drawdowns
NNN vs. MAA - Drawdown Comparison
The maximum NNN drawdown since its inception was -56.17%, smaller than the maximum MAA drawdown of -60.29%. Use the drawdown chart below to compare losses from any high point for NNN and MAA.
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Drawdown Indicators
| NNN | MAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -60.29% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -19.49% | +10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -26.41% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -45.01% | +19.79% |
Max Drawdown (10Y)Largest decline over 10 years | -54.99% | -45.01% | -9.98% |
Current DrawdownCurrent decline from peak | -3.41% | -30.99% | +27.58% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -10.42% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 11.08% | -7.24% |
Volatility
NNN vs. MAA - Volatility Comparison
National Retail Properties, Inc. (NNN) and Mid-America Apartment Communities, Inc. (MAA) have volatilities of 5.84% and 6.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNN | MAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 6.09% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 14.43% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 18.89% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 22.20% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 24.14% | +3.96% |
Dividends
NNN vs. MAA - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.33%, more than MAA's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAA Mid-America Apartment Communities, Inc. | 4.60% | 4.36% | 3.80% | 4.96% | 2.98% | 1.79% | 3.16% | 2.91% | 3.86% | 3.46% | 3.35% | 3.39% |
NNN National Retail Properties, Inc. | 5.33% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
Financials
NNN vs. MAA - Financials Comparison
This section allows you to compare key financial metrics between National Retail Properties, Inc. and Mid-America Apartment Communities, 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
Frequently Asked Questions
NNN and MAA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAA has higher volatility (6.09%) compared to NNN (5.84%). In terms of maximum drawdown, NNN dropped -56.17% vs MAA's -60.29%.
NNN currently has the higher Sharpe Ratio (0.70 vs -0.37), 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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