FRT vs MAA: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and Mid-America Apartment Communities (MAA) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and MAA?
Across a 3-year window, the weekly returns of FRT and MAA correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 250.0 %².
Among the 46 assets we track against FRT, MAA ranks #25 by 3-year correlation. The last year tells two different stories: FRT led by 28.2 percentage points, +21.6% for FRT against -6.6% for MAA. The link looks structural: the rolling one-year correlation barely moved, holding between 0.55 and 0.73.
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.
FRT vs MAA: side by side
| FRT (Federal Realty Investment Trust) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | +21.6% | -6.6% |
| 5-year return | +18.8% | -19.3% |
| Volatility (ann.) | 19.5% | 20.3% |
| Beta vs S&P 500 | 0.53 | 0.49 |
| Max drawdown (3Y) | -27.4% | -26.4% |
| Market cap | $10.2B | $15.3B |
| P/E (trailing) | 23.6 | 37.7 |
| Dividend yield | 3.84% | 4.63% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | FRT | MAA |
|---|---|---|
| 2022 | -22.7% | -29.7% |
| 2023 | +6.6% | -11.1% |
| 2024 | +12.1% | +19.9% |
| 2025 | -5.9% | -6.4% |
| 2026 | +19.7% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and MAA good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FRT and MAA?
The FRT/MAA correlation stands at 0.63 on a 3-year window (1 year: 0.56, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is MAA a good diversifier for FRT?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frt-vs-maa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frt-vs-maa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · MAA correlations
