REZ vs. AVB
Compare and contrast key facts about iShares Residential Real Estate ETF (REZ) and AvalonBay Communities, Inc. (AVB).
REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REZ or AVB.
Key characteristics
| REZ | AVB | |
|---|---|---|
| YTD Return | 19.70% | 26.11% |
| 1Y Return | 39.88% | 44.10% |
| 3Y Return (Ann) | 0.69% | 1.89% |
| 5Y Return (Ann) | 5.46% | 5.21% |
| 10Y Return (Ann) | 7.79% | 7.40% |
| Sharpe Ratio | 2.22 | 2.13 |
| Sortino Ratio | 3.17 | 3.14 |
| Omega Ratio | 1.38 | 1.37 |
| Calmar Ratio | 1.17 | 1.30 |
| Martin Ratio | 10.31 | 12.04 |
| Ulcer Index | 3.73% | 3.46% |
| Daily Std Dev | 17.32% | 19.50% |
| Max Drawdown | -66.84% | -72.99% |
| Current Drawdown | -5.98% | -1.93% |
Correlation
The correlation between REZ and AVB is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
REZ vs. AVB - Performance Comparison
In the year-to-date period, REZ achieves a 19.70% return, which is significantly lower than AVB's 26.11% return. Over the past 10 years, REZ has outperformed AVB with an annualized return of 7.79%, while AVB has yielded a comparatively lower 7.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
REZ vs. AVB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) and AvalonBay Communities, Inc. (AVB). 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.
Dividends
REZ vs. AVB - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.21%, less than AVB's 2.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.21% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% | 3.92% |
AVB AvalonBay Communities, Inc. | 2.93% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% | 2.84% | 3.62% |
Drawdowns
REZ vs. AVB - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.84%, smaller than the maximum AVB drawdown of -72.99%. Use the drawdown chart below to compare losses from any high point for REZ and AVB. For additional features, visit the drawdowns tool.
Volatility
REZ vs. AVB - Volatility Comparison
The current volatility for iShares Residential Real Estate ETF (REZ) is 5.82%, while AvalonBay Communities, Inc. (AVB) has a volatility of 7.11%. This indicates that REZ experiences smaller price fluctuations and is considered to be less risky than AVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.