AMH vs MAA: Correlation
How closely do American Homes 4 Rent (AMH) and Mid-America Apartment Communities (MAA) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and MAA?
Across a 3-year window, the weekly returns of AMH and MAA correlate at 0.72, strong. The link has tightened recently: the 1-year correlation (0.84) runs above the 3-year figure (0.72). Stretching to 5 years gives 0.75, with an annualized covariance of 309.9 %².
By 3-year correlation, MAA places #5 of the 12 assets tracked against AMH. Twelve-month performance is nearly a tie, at -2.1% for AMH and -6.6% for MAA.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMH vs MAA: side by side
| AMH (American Homes 4 Rent) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | -2.1% | -6.6% |
| 5-year return | -8.5% | -19.3% |
| Volatility (ann.) | 21.1% | 20.3% |
| Beta vs S&P 500 | 0.43 | 0.49 |
| Max drawdown (3Y) | -29.7% | -26.4% |
| Market cap | – | $15.3B |
| P/E (trailing) | 27.2 | 37.7 |
| Dividend yield | 3.69% | 4.63% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AMH | MAA |
|---|---|---|
| 2022 | -29.5% | -29.7% |
| 2023 | +22.4% | -11.1% |
| 2024 | +7.0% | +19.9% |
| 2025 | -11.1% | -6.4% |
| 2026 | +6.4% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and MAA good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMH and MAA?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.84 over the last year and 0.75 over 5 years.
Is MAA a good diversifier for AMH?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amh-vs-maa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amh-vs-maa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMH correlations · MAA correlations
