WELL vs. AVB
WELL (Welltower Inc.) and AVB (AvalonBay Communities, Inc.) are both stocks. Both are in the Real Estate sector — WELL in REIT - Healthcare Facilities, AVB in REIT - Residential. Over the past 10 years, WELL returned 15.50%/yr vs 4.44%/yr for AVB. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
WELL vs. AVB - Performance Comparison
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Returns By Period
In the year-to-date period, WELL achieves a 16.22% return, which is significantly higher than AVB's 4.30% return. Over the past 10 years, WELL has outperformed AVB with an annualized return of 15.50%, while AVB has yielded a comparatively lower 4.44% annualized return.
WELL
- 1D
- 1.69%
- 1M
- 0.23%
- YTD
- 16.22%
- 6M
- 15.53%
- 1Y
- 42.73%
- 3Y*
- 40.64%
- 5Y*
- 24.91%
- 10Y*
- 15.50%
AVB
- 1D
- 1.45%
- 1M
- 3.42%
- YTD
- 4.30%
- 6M
- 7.93%
- 1Y
- -5.75%
- 3Y*
- 3.25%
- 5Y*
- 0.66%
- 10Y*
- 4.44%
WELL vs. AVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WELL Welltower Inc. | 16.22% | 49.86% | 43.07% | 41.79% | -21.18% | 36.98% | -17.19% | 23.04% | 15.31% | 0.22% |
AVB AvalonBay Communities, Inc. | 4.30% | -14.60% | 21.44% | 20.34% | -33.92% | 62.17% | -20.27% | 24.10% | 1.00% | 3.89% |
Correlation
The correlation between WELL and AVB is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.63 |
Over the past year, the correlation between WELL and AVB has dropped to 0.31 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
Fundamentals
WELL:
$155.59B
AVB:
$26.34B
WELL:
$2.02
AVB:
$8.02
WELL:
106.16
AVB:
23.33
WELL:
2.35
AVB:
13.42
WELL:
12.85
AVB:
8.69
WELL:
3.55
AVB:
2.25
WELL:
$11.63B
AVB:
$3.06B
WELL:
$3.25B
AVB:
$2.08B
WELL:
$3.00B
AVB:
$1.99B
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Return for Risk
WELL vs. AVB — Risk / Return Rank
WELL
AVB
WELL vs. AVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Welltower Inc. (WELL) 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.
| WELL | AVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.96 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | -0.34 | +3.78 |
| Martin ratioReturn relative to average drawdown | 8.47 | -0.66 | +9.13 |
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Drawdowns
WELL vs. AVB - Drawdown Comparison
The maximum WELL drawdown since its inception was -63.33%, smaller than the maximum AVB drawdown of -70.04%. Use the drawdown chart below to compare losses from any high point for WELL and AVB.
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Drawdown Indicators
| WELL | AVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.33% | -70.04% | +6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -20.43% | +7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -29.40% | +16.41% |
Max Drawdown (5Y)Largest decline over 5 years | -40.78% | -38.36% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -63.33% | -46.91% | -16.42% |
Current DrawdownCurrent decline from peak | -2.68% | -16.97% | +14.29% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -11.75% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 10.98% | -5.87% |
Volatility
WELL vs. AVB - Volatility Comparison
Welltower Inc. (WELL) has a higher volatility of 9.54% compared to AvalonBay Communities, Inc. (AVB) at 5.80%. This indicates that WELL's price experiences larger fluctuations and is considered to be riskier 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
| WELL | AVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 5.80% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.14% | 15.20% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.65% | 20.17% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.82% | 22.20% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.90% | 24.69% | +7.21% |
Dividends
WELL vs. AVB - Dividend Comparison
WELL's dividend yield for the trailing twelve months is around 1.38%, less than AVB's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVB AvalonBay Communities, Inc. | 3.76% | 3.86% | 3.09% | 3.53% | 3.94% | 2.52% | 3.96% | 2.90% | 3.38% | 3.18% | 3.05% | 2.72% |
WELL Welltower Inc. | 1.38% | 1.52% | 2.03% | 2.71% | 3.72% | 2.84% | 4.18% | 4.26% | 5.01% | 5.46% | 5.14% | 4.85% |
Financials
WELL vs. AVB - Financials Comparison
This section allows you to compare key financial metrics between Welltower Inc. and AvalonBay 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
WELL vs. AVB - Profitability Comparison
WELL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Welltower Inc. reported a gross profit of 0.00 and revenue of 3.35B. Therefore, the gross margin over that period was 0.0%.
AVB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvalonBay Communities, Inc. reported a gross profit of 521.68M and revenue of 770.28M. Therefore, the gross margin over that period was 67.7%.
WELL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Welltower Inc. reported an operating income of 752.32M and revenue of 3.35B, resulting in an operating margin of 22.4%.
AVB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvalonBay Communities, Inc. reported an operating income of 218.54M and revenue of 770.28M, resulting in an operating margin of 28.4%.
WELL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Welltower Inc. reported a net income of 728.67M and revenue of 3.35B, resulting in a net margin of 21.7%.
AVB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvalonBay Communities, Inc. reported a net income of 325.73M and revenue of 770.28M, resulting in a net margin of 42.3%.
Frequently Asked Questions
WELL and AVB have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WELL has higher volatility (9.54%) compared to AVB (5.80%). In terms of maximum drawdown, WELL dropped -63.33% vs AVB's -70.04%.
WELL currently has the higher Sharpe Ratio (2.01 vs -0.35), 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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