REZ vs. AVB
REZ (iShares Residential and Multisector Real Estate ETF) is REIT fund tracking the FTSE NAREIT All Residential Capped Index, while AVB (AvalonBay Communities, Inc.) is a stock. Over the past 10 years, REZ returned 6.81%/yr vs 3.83%/yr for AVB. Their correlation of 0.85 means they have usually moved in the same direction.
Performance
REZ vs. AVB - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 16.46% return, which is significantly higher than AVB's 6.53% return. Over the past 10 years, REZ has outperformed AVB with an annualized return of 6.81%, while AVB has yielded a comparatively lower 3.83% annualized return.
REZ
- 1D
- -0.31%
- 1M
- -1.77%
- 6M
- 15.18%
- YTD
- 16.46%
- 1Y
- 19.44%
- 3Y*
- 12.83%
- 5Y*
- 3.86%
- 10Y*
- 6.81%
- ALL TIME*
- 7.30%
AVB
- 1D
- 0.25%
- 1M
- -2.43%
- 6M
- 10.82%
- YTD
- 6.53%
- 1Y
- 7.69%
- 3Y*
- 4.45%
- 5Y*
- -0.38%
- 10Y*
- 3.83%
- ALL TIME*
- 11.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $128.41M | $147.82M | $196.27M | |
| $4.08M | $3.94M | $3.26M |
REZ vs. AVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential and Multisector Real Estate ETF | 16.46% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
AVB AvalonBay Communities, Inc. | 6.53% | -14.60% | 21.44% | 20.34% | -33.92% | 62.17% | -20.27% | 24.10% | 1.00% | 3.89% |
Correlation
The correlation between REZ and AVB is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 4, 2007 | 0.85 |
The correlation between REZ and AVB shifts across timeframes, from 0.74 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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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 and Multisector 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.
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.
| REZ | AVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 0.46 | +1.77 |
| Martin ratioReturn relative to average drawdown | 6.92 | 1.09 | +5.82 |
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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 | -8.76% | -16.77% | +8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -29.40% | +14.12% |
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 | -3.62% | -15.20% | +11.58% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -11.76% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 7.05% | -4.23% |
Volatility
REZ vs. AVB - Volatility Comparison
The current volatility for iShares Residential and Multisector Real Estate ETF (REZ) is 5.54%, while AvalonBay Communities, Inc. (AVB) has a volatility of 6.67%. 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 | 5.54% | 6.67% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 15.60% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.39% | 20.27% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 22.34% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 24.77% | -3.15% |
Dividends
REZ vs. AVB - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 1.97%, less than AVB's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 3.73% | 3.86% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% |
REZ iShares Residential and Multisector Real Estate ETF | 1.97% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ and AVB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVB has higher volatility (6.67%) compared to REZ (5.54%). In terms of maximum drawdown, REZ dropped -66.87% vs AVB's -70.04%.
REZ currently has the higher Sharpe Ratio (1.27 vs 0.38), 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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