MAA vs REG: Correlation
Measured on weekly returns over the past three years, Mid-America Apartment Communities (MAA) and Regency Centers (REG) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and REG?
Over the past 3 years, MAA and REG moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 233.3 %².
By 3-year correlation, REG places #12 of the 31 assets tracked against MAA. Their recent paths diverged sharply: over the last 12 months REG outperformed by 15.0 percentage points (-6.6% for MAA against +8.4% for REG). Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.81.
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 REG: side by side
| MAA (Mid-America Apartment Communities) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | -6.6% | +8.4% |
| 5-year return | -19.3% | +35.2% |
| Volatility (ann.) | 20.3% | 17.8% |
| Beta vs S&P 500 | 0.49 | 0.34 |
| Max drawdown (3Y) | -26.4% | -15.1% |
| Market cap | $15.3B | $14.1B |
| P/E (trailing) | 37.7 | 25.5 |
| Dividend yield | 4.63% | 3.89% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | MAA | REG |
|---|---|---|
| 2022 | -29.7% | -13.6% |
| 2023 | -11.1% | +11.9% |
| 2024 | +19.9% | +14.9% |
| 2025 | -6.4% | -2.8% |
| 2026 | -4.0% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and REG good diversifiers for each other?
Only partially. A correlation of 0.65 means MAA and REG 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 REG?
The MAA/REG correlation stands at 0.65 on a 3-year window (1 year: 0.56, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is REG a good diversifier for MAA?
Only partially. A correlation of 0.65 means MAA and REG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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/maa-vs-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/maa-vs-reg/)
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Related comparisons
Hubs: MAA correlations · REG correlations
