WHA.AS vs. MAA

Last updated Jun 5, 2026

WHA.AS (Wereldhave NV) and MAA (Mid-America Apartment Communities, Inc.) are both stocks. Both are in the Real Estate sector — WHA.AS in REIT - Retail, MAA in REIT - Residential. Over the past 10 years, WHA.AS returned -0.75%/yr vs 7.09%/yr for MAA. At a 0.17 correlation, their price movements are largely independent.

Performance

WHA.AS vs. MAA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Wereldhave NV (WHA.AS) and Mid-America Apartment Communities, Inc. (MAA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WHA.AS is traded in EUR, while MAA is traded in USD. To make them comparable, the MAA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WHA.AS achieves a 11.63% return, which is significantly higher than MAA's 3.35% return. Over the past 10 years, WHA.AS has underperformed MAA with an annualized return of -0.75%, while MAA has yielded a comparatively higher 7.09% annualized return.

WHA.AS

• 1D: 1.00%
• 1M: -2.71%
• YTD: 11.63%
• 6M: 11.86%
• 1Y: 22.16%
• 3Y*: 21.24%
• 5Y*: 15.06%
• 10Y*: -0.75%

MAA

• 1D: 1.29%
• 1M: 7.64%
• YTD: 3.35%
• 6M: 8.06%
• 1Y: -4.61%
• 3Y*: -1.39%
• 5Y*: 1.17%
• 10Y*: 7.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WHA.AS vs. MAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WHA.AS Wereldhave NV	11.63%	51.12%	3.96%	25.76%	4.29%	23.17%	-44.59%	-17.53%	-26.16%	0.80%
MAA Mid-America Apartment Communities, Inc.	3.35%	-17.47%	27.86%	-13.12%	-25.40%	99.78%	-8.83%	45.74%	3.58%	-6.78%

Correlation

The correlation between WHA.AS and MAA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.17

Return for Risk

WHA.AS vs. MAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WHA.AS

WHA.AS Risk / Return Rank: 73
WHA.AS Sharpe Ratio Rank: 76
WHA.AS Sortino Ratio Rank: 69
WHA.AS Omega Ratio Rank: 70
WHA.AS Calmar Ratio Rank: 72
WHA.AS Martin Ratio Rank: 76

MAA

MAA Risk / Return Rank: 31
MAA Sharpe Ratio Rank: 32
MAA Sortino Ratio Rank: 27
MAA Omega Ratio Rank: 27
MAA Calmar Ratio Rank: 35
MAA Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WHA.AS vs. MAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wereldhave NV (WHA.AS) 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.

	WHA.AS	MAA	Difference
Sharpe ratio: Return per unit of total volatility	1.20	-0.24	+1.44
Sortino ratio: Return per unit of downside risk	1.69	-0.22	+1.91
Omega ratio: Gain probability vs. loss probability	1.23	0.97	+0.25
Calmar ratio: Return relative to maximum drawdown	1.79	-0.25	+2.03
Martin ratio: Return relative to average drawdown	5.07	-0.40	+5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WHA.AS vs. MAA - Sharpe Ratio Comparison

The current WHA.AS Sharpe Ratio is 1.20, which is higher than the MAA Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of WHA.AS and MAA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WHA.AS	MAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	-0.24	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.05	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.29	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.36	-0.35

Drawdowns

WHA.AS vs. MAA - Drawdown Comparison

The maximum WHA.AS drawdown since its inception was -85.74%, which is greater than MAA's maximum drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for WHA.AS and MAA.

Drawdown Indicators

	WHA.AS	MAA	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-50.01%	-35.73%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-18.79%	+6.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-32.94%	+13.96%
Max Drawdown (5Y) Largest decline over 5 years	-39.36%	-41.20%	+1.84%
Max Drawdown (10Y) Largest decline over 10 years	-82.43%	-42.37%	-40.06%
Current Drawdown Current decline from peak	-27.58%	-29.42%	+1.84%
Average Drawdown Average peak-to-trough decline	-36.86%	-13.33%	-23.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	11.45%	-7.11%

Volatility

WHA.AS vs. MAA - Volatility Comparison

The current volatility for Wereldhave NV (WHA.AS) is 5.03%, while Mid-America Apartment Communities, Inc. (MAA) has a volatility of 5.71%. This indicates that WHA.AS experiences smaller price fluctuations and is considered to be less risky than MAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WHA.AS	MAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.03%	5.71%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	15.35%	14.51%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	19.06%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	21.92%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.39%	24.50%	+7.89%

Dividends

WHA.AS vs. MAA - Dividend Comparison

WHA.AS's dividend yield for the trailing twelve months is around 6.44%, more than MAA's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAA Mid-America Apartment Communities, Inc.	4.43%	4.36%	3.80%	4.96%	2.98%	1.79%	3.16%	2.91%	3.86%	3.46%	3.35%	3.39%
WHA.AS Wereldhave NV	6.44%	6.49%	8.72%	8.02%	8.81%	3.91%	5.86%	12.52%	10.30%	7.70%	7.13%	8.45%

Financials

Frequently Asked Questions

Can I hold both WHA.AS and MAA in my portfolio?

WHA.AS and MAA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.