NNN vs. MAA
NNN (NNN REIT, 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 3.84%/yr vs 6.11%/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 20.73% return, which is significantly higher than MAA's 0.23% return. Over the past 10 years, NNN has underperformed MAA with an annualized return of 3.84%, while MAA has yielded a comparatively higher 6.11% annualized return.
NNN
- 1D
- -0.81%
- 1M
- 1.13%
- 6M
- 16.16%
- YTD
- 20.73%
- 1Y
- 14.88%
- 3Y*
- 9.03%
- 5Y*
- 4.92%
- 10Y*
- 3.84%
MAA
- 1D
- -1.35%
- 1M
- -2.09%
- 6M
- 0.50%
- YTD
- 0.23%
- 1Y
- -5.31%
- 3Y*
- 0.21%
- 5Y*
- -1.88%
- 10Y*
- 6.11%
NNN vs. MAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNN NNN REIT, Inc. | 20.73% | 2.81% | -0.06% | -0.60% | -0.01% | 23.08% | -19.29% | 14.78% | 17.82% | 2.00% |
MAA Mid-America Apartment Communities, Inc. | 0.23% | -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 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
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 | 0.63 |
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 0.48 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NNN:
$8.85B
MAA:
$15.83B
NNN:
$2.05
MAA:
$5.16
NNN:
22.70
MAA:
26.38
NNN:
9.39
MAA:
6.40
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 NNN REIT, 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 | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.97 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.27 | +1.97 |
| Martin ratioReturn relative to average drawdown | 3.88 | -0.48 | +4.35 |
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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 | -2.15% | -29.17% | +27.02% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -10.44% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 11.19% | -7.34% |
Volatility
NNN vs. MAA - Volatility Comparison
The current volatility for NNN REIT, Inc. (NNN) is 6.08%, while Mid-America Apartment Communities, Inc. (MAA) has a volatility of 6.49%. This indicates that NNN experiences smaller price fluctuations and is considered to be less risky than MAA based on this measure. 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 | 6.08% | 6.49% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 14.75% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 19.40% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 22.27% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 24.18% | +3.92% |
Dividends
NNN vs. MAA - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.16%, more than MAA's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAA Mid-America Apartment Communities, Inc. | 4.48% | 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. | 5.16% | 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 NNN REIT, 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 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAA has higher volatility (6.49%) compared to NNN (6.08%). In terms of maximum drawdown, NNN dropped -56.17% vs MAA's -60.29%.
NNN currently has the higher Sharpe Ratio (0.87 vs -0.27), 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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