PSA vs. MAA
PSA (Public Storage) and MAA (Mid-America Apartment Communities, Inc.) are both stocks. Both are in the Real Estate sector — PSA in REIT - Specialty, MAA in REIT - Residential. Over the past 10 years, PSA returned 7.52%/yr vs 6.23%/yr for MAA. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
PSA vs. MAA - Performance Comparison
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Returns By Period
In the year-to-date period, PSA achieves a 27.36% return, which is significantly higher than MAA's -1.34% return. Over the past 10 years, PSA has outperformed MAA with an annualized return of 7.52%, while MAA has yielded a comparatively lower 6.23% annualized return.
PSA
- 1D
- 2.12%
- 1M
- -1.66%
- 6M
- 19.67%
- YTD
- 27.36%
- 1Y
- 21.06%
- 3Y*
- 9.43%
- 5Y*
- 5.25%
- 10Y*
- 7.52%
- ALL TIME*
- 11.55%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $173.28M | $156.81M | $140.16M | |
| $528.69M | $412.27M | $331.91M |
PSA vs. MAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSA Public Storage | 27.36% | -9.69% | 2.09% | 13.60% | -20.20% | 66.63% | 12.69% | 8.96% | 0.62% | -2.89% |
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% |
Correlation
The correlation between PSA and MAA is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
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 PSA and MAA shifts across timeframes, from 0.52 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PSA:
$60.45B
MAA:
$15.40B
PSA:
$11.63
MAA:
$4.79
PSA:
27.87
MAA:
27.63
PSA:
11.67
MAA:
10.45
PSA:
$4.89B
MAA:
$1.11B
PSA:
$2.95B
MAA:
$203.69M
PSA:
$3.38B
MAA:
$1.26B
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Return for Risk
PSA vs. MAA — Risk / Return Rank
PSA
MAA
PSA vs. MAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Public Storage (PSA) 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.
| PSA | MAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -0.17 | +1.67 |
| Martin ratioReturn relative to average drawdown | 3.36 | -0.37 | +3.72 |
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Drawdowns
PSA vs. MAA - Drawdown Comparison
The maximum PSA drawdown since its inception was -60.19%, roughly equal to the maximum MAA drawdown of -60.29%. Use the drawdown chart below to compare losses from any high point for PSA and MAA.
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Drawdown Indicators
| PSA | MAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.19% | -60.29% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.20% | -15.42% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.62% | -26.41% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -37.93% | -45.01% | +7.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.93% | -45.01% | +7.08% |
Current DrawdownCurrent decline from peak | -5.56% | -30.28% | +24.72% |
Average DrawdownAverage peak-to-trough decline | -15.75% | -10.48% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | 7.26% | -0.04% |
Volatility
PSA vs. MAA - Volatility Comparison
Public Storage (PSA) has a higher volatility of 8.27% compared to Mid-America Apartment Communities, Inc. (MAA) at 6.51%. This indicates that PSA's price experiences larger fluctuations and is considered to be riskier 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
| PSA | MAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 6.51% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.00% | 14.65% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 19.50% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 22.29% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.53% | 24.20% | -0.67% |
Dividends
PSA vs. MAA - Dividend Comparison
PSA's dividend yield for the trailing twelve months is around 3.70%, less than MAA's 4.61% 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% |
PSA Public Storage | 3.70% | 4.62% | 4.01% | 3.93% | 7.55% | 2.14% | 3.46% | 3.76% | 3.95% | 3.83% | 3.27% | 2.62% |
Financials
PSA vs. MAA - Financials Comparison
This section allows you to compare key financial metrics between Public Storage 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
PSA vs. MAA - Profitability Comparison
PSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Public Storage reported a gross profit of 888.78M and revenue of 1.23B. Therefore, the gross margin over that period was 72.1%.
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%.
PSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Public Storage reported an operating income of 466.68M and revenue of 1.23B, resulting in an operating margin of 37.9%.
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%.
PSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Public Storage reported a net income of 502.94M and revenue of 1.23B, resulting in a net margin of 40.8%.
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%.
Frequently Asked Questions
PSA and MAA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSA has higher volatility (8.27%) compared to MAA (6.51%). In terms of maximum drawdown, PSA dropped -60.19% vs MAA's -60.29%.
PSA currently has the higher Sharpe Ratio (1.05 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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