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.
Performance
REZ vs. AVB - Performance Comparison
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REZ vs. AVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 0.69% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
AVB AvalonBay Communities, Inc. | -8.90% | -14.60% | 21.44% | 20.34% | -33.92% | 62.17% | -20.27% | 24.10% | 1.00% | 3.89% |
Returns By Period
In the year-to-date period, REZ achieves a 0.69% return, which is significantly higher than AVB's -8.90% return. Over the past 10 years, REZ has outperformed AVB with an annualized return of 5.55%, while AVB has yielded a comparatively lower 1.90% annualized return.
REZ
- 1D
- 1.02%
- 1M
- -7.10%
- YTD
- 0.69%
- 6M
- -1.00%
- 1Y
- -1.49%
- 3Y*
- 8.30%
- 5Y*
- 4.57%
- 10Y*
- 5.55%
AVB
- 1D
- 2.23%
- 1M
- -6.80%
- YTD
- -8.90%
- 6M
- -13.68%
- 1Y
- -20.92%
- 3Y*
- 2.65%
- 5Y*
- 0.73%
- 10Y*
- 1.90%
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Return for Risk
REZ vs. AVB — Risk / Return Rank
REZ
AVB
REZ vs. AVB - Risk-Adjusted Trends 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.
| REZ | AVB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | -0.92 | +0.83 |
Sortino ratioReturn per unit of downside risk | -0.01 | -1.19 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.85 | +0.78 |
Martin ratioReturn relative to average drawdown | -0.22 | -1.61 | +1.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REZ | AVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.92 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.03 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.08 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.41 | -0.18 |
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.
Dividends
REZ vs. AVB - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.28%, less than AVB's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 2.28% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
AVB AvalonBay Communities, Inc. | 4.30% | 3.86% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% |
Drawdowns
REZ vs. AVB - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, roughly equal to the maximum AVB drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for REZ and AVB.
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Drawdown Indicators
| REZ | AVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -70.04% | +3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.82% | -23.36% | +11.54% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -38.36% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -46.91% | +2.76% |
Current DrawdownCurrent decline from peak | -7.70% | -27.48% | +19.78% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -11.69% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 12.36% | -8.52% |
Volatility
REZ vs. AVB - Volatility Comparison
The current volatility for iShares Residential Real Estate ETF (REZ) is 4.65%, while AvalonBay Communities, Inc. (AVB) has a volatility of 5.41%. 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.
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Volatility by Period
| REZ | AVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 5.41% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 13.97% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 22.95% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 22.03% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 24.65% | -3.13% |