INVH vs MAA: Correlation
How closely do Invitation Homes (INVH) and Mid-America Apartment Communities (MAA) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVH and MAA?
On 3 years of weekly data the INVH/MAA correlation comes out at 0.76, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 327.5 %².
In INVH's tracked universe of 28 assets, MAA sits right near the top at #3. Their 12-month results are close: -1.9% for INVH against -6.6% for MAA. On a rolling one-year basis the correlation drifted between 0.53 and 0.88, a moderate band.
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.
INVH vs MAA: side by side
| INVH (Invitation Homes) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | -1.9% | -6.6% |
| 5-year return | -16.8% | -19.3% |
| Volatility (ann.) | 21.2% | 20.3% |
| Beta vs S&P 500 | 0.50 | 0.49 |
| Max drawdown (3Y) | -30.9% | -26.4% |
| Market cap | $17.4B | $15.3B |
| P/E (trailing) | 27.3 | 37.7 |
| Dividend yield | 3.98% | 4.63% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | INVH | MAA |
|---|---|---|
| 2022 | -33.0% | -29.7% |
| 2023 | +19.7% | -11.1% |
| 2024 | -3.1% | +19.9% |
| 2025 | -9.7% | -6.4% |
| 2026 | +7.6% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH and MAA good diversifiers for each other?
Only partially. A correlation of 0.76 means INVH and MAA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between INVH and MAA?
The INVH/MAA correlation stands at 0.76 on a 3-year window (1 year: 0.79, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is MAA a good diversifier for INVH?
Only partially. A correlation of 0.76 means INVH and MAA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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/invh-vs-maa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/invh-vs-maa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVH correlations · MAA correlations
