MAA vs PARA: Correlation
Mid-America Apartment Communities (MAA) and Banzai International, Inc. (PARA) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and PARA?
Across a 3-year window, the weekly returns of MAA and PARA correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.17 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -396.0 %².
By 3-year correlation, PARA places #23 of the 31 assets tracked against MAA. Correlation aside, the last 12 months split them widely, with MAA ahead by 91.6 points (-6.6% versus -98.2%). One caveat on sizing: PARA is 5.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PARA: side by side
| MAA (Mid-America Apartment Communities) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -98.2% |
| 5-year return | -19.3% | -100.0% |
| Volatility (ann.) | 20.3% | 114.5% |
| Beta vs S&P 500 | 0.49 | -0.02 |
| Max drawdown (3Y) | -26.4% | -100.0% |
| Market cap | $15.3B | – |
| P/E (trailing) | 37.7 | 0.1 |
| Dividend yield | 4.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | MAA | PARA |
|---|---|---|
| 2022 | -29.7% | +3.7% |
| 2023 | -11.1% | -81.4% |
| 2024 | +19.9% | -98.4% |
| 2025 | -6.4% | -93.7% |
| 2026 | -4.0% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and PARA good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MAA and PARA?
The MAA/PARA correlation stands at -0.17 on a 3-year window (1 year: -0.36, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is PARA a good diversifier for MAA?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MAA correlations · PARA correlations
