MAA vs NXRT: Correlation
Mid-America Apartment Communities (MAA) and NexPoint Residential Trust, Inc. (NXRT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and NXRT?
On 3 years of weekly data the MAA/NXRT correlation comes out at 0.75, strong. The link has loosened recently: the 1-year correlation (0.61) runs below the 3-year figure (0.75). The 5-year figure is 0.76, and annualized covariance runs at 444.8 %².
Within MAA's tracked universe of 31 assets, NXRT comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MAA ahead by 18.3 points (-6.6% versus -24.9%).
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.
MAA vs NXRT: side by side
| MAA (Mid-America Apartment Communities) | NXRT (NexPoint Residential Trust, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -24.9% |
| 5-year return | -19.3% | -54.1% |
| Volatility (ann.) | 20.3% | 29.2% |
| Beta vs S&P 500 | 0.49 | 0.83 |
| Max drawdown (3Y) | -26.4% | -45.0% |
| Market cap | $15.3B | $1.2B |
| P/E (trailing) | 37.7 | – |
| Dividend yield | 4.63% | 8.67% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | MAA | NXRT |
|---|---|---|
| 2022 | -29.7% | -46.7% |
| 2023 | -11.1% | -17.3% |
| 2024 | +19.9% | +27.3% |
| 2025 | -6.4% | -23.3% |
| 2026 | -4.0% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and NXRT good diversifiers for each other?
Only partially. A correlation of 0.75 means MAA and NXRT 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 MAA and NXRT?
The MAA/NXRT correlation stands at 0.75 on a 3-year window (1 year: 0.61, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is NXRT a good diversifier for MAA?
Only partially. A correlation of 0.75 means MAA and NXRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/maa-vs-nxrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/maa-vs-nxrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAA correlations · NXRT correlations
