ADAM vs. DX
ADAM (Adamas Trust, Inc) and DX (Dynex Capital, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, ADAM returned 2.03%/yr vs 7.73%/yr for DX. At a 0.43 correlation, their price movements are largely independent.
Performance
ADAM vs. DX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ADAM achieves a 24.36% return, which is significantly higher than DX's -1.54% return. Over the past 10 years, ADAM has underperformed DX with an annualized return of 2.03%, while DX has yielded a comparatively higher 7.73% annualized return.
ADAM
- 1D
- -2.87%
- 1M
- 1.03%
- YTD
- 24.36%
- 6M
- 23.09%
- 1Y
- 52.21%
- 3Y*
- 7.40%
- 5Y*
- -2.20%
- 10Y*
- 2.03%
DX
- 1D
- -0.62%
- 1M
- -2.25%
- YTD
- -1.54%
- 6M
- -0.69%
- 1Y
- 24.52%
- 3Y*
- 18.68%
- 5Y*
- 3.95%
- 10Y*
- 7.73%
ADAM vs. DX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 24.36% | 36.49% | -19.27% | -5.45% | -20.80% | 10.70% | -36.23% | 20.32% | 8.95% | 6.02% |
DX Dynex Capital, Inc. | -1.54% | 29.48% | 13.64% | 11.91% | -15.39% | 2.25% | 17.09% | 11.12% | -8.46% | 13.80% |
Correlation
The correlation between ADAM and DX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2004 | 0.43 |
Over the past year, ADAM and DX have become more correlated (0.64) than their long-term average of 0.43, meaning their price movements have been converging.
Fundamentals
ADAM:
$809.21M
DX:
$2.56B
ADAM:
$1.70
DX:
$1.59
ADAM:
5.17
DX:
8.03
ADAM:
1.13
DX:
2.79
ADAM:
0.88
DX:
0.98
ADAM:
$713.66M
DX:
$695.85M
ADAM:
$546.72M
DX:
$695.85M
ADAM:
$477.31M
DX:
$900.29M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ADAM vs. DX — Risk / Return Rank
ADAM
DX
ADAM vs. DX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc (ADAM) and Dynex Capital, Inc. (DX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ADAM | DX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.61 | +1.46 |
| Martin ratioReturn relative to average drawdown | 9.71 | 5.12 | +4.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ADAM | DX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.42 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.17 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.26 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.17 | -0.26 |
Drawdowns
ADAM vs. DX - Drawdown Comparison
The maximum ADAM drawdown since its inception was -97.94%, roughly equal to the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for ADAM and DX.
Loading charts...
Drawdown Indicators
| ADAM | DX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.94% | -99.12% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -15.27% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -42.20% | -25.81% | -16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -58.24% | -38.69% | -19.55% |
Max Drawdown (10Y)Largest decline over 10 years | -84.01% | -56.76% | -27.25% |
Current DrawdownCurrent decline from peak | -71.02% | -32.61% | -38.41% |
Average DrawdownAverage peak-to-trough decline | -73.68% | -56.81% | -16.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.39% | 4.80% | +0.59% |
Volatility
ADAM vs. DX - Volatility Comparison
Adamas Trust, Inc (ADAM) has a higher volatility of 7.30% compared to Dynex Capital, Inc. (DX) at 4.07%. This indicates that ADAM's price experiences larger fluctuations and is considered to be riskier than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ADAM | DX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 4.07% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 25.28% | 13.45% | +11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.76% | 17.41% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.62% | 23.85% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.27% | 29.88% | +18.39% |
Dividends
ADAM vs. DX - Dividend Comparison
ADAM's dividend yield for the trailing twelve months is around 10.13%, less than DX's 15.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 10.13% | 11.78% | 13.20% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% |
DX Dynex Capital, Inc. | 15.95% | 14.13% | 11.46% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% |
Financials
ADAM vs. DX - Financials Comparison
This section allows you to compare key financial metrics between Adamas Trust, Inc and Dynex Capital, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ADAM vs. DX - Profitability Comparison
ADAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adamas Trust, Inc reported a gross profit of 229.24M and revenue of 229.24M. Therefore, the gross margin over that period was 100.0%.
DX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a gross profit of 257.39M and revenue of 257.39M. Therefore, the gross margin over that period was 100.0%.
ADAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adamas Trust, Inc reported an operating income of 206.48M and revenue of 229.24M, resulting in an operating margin of 90.1%.
DX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported an operating income of 236.91M and revenue of 257.39M, resulting in an operating margin of 92.0%.
ADAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adamas Trust, Inc reported a net income of 48.60M and revenue of 229.24M, resulting in a net margin of 21.2%.
DX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a net income of -80.36M and revenue of 257.39M, resulting in a net margin of -31.2%.
Frequently Asked Questions
ADAM and DX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADAM has higher volatility (7.30%) compared to DX (4.07%). In terms of maximum drawdown, ADAM dropped -97.94% vs DX's -99.12%.
ADAM currently has the higher Sharpe Ratio (1.65 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ADAM and DX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer