ADAM vs. PMT
ADAM (Adamas Trust, Inc) and PMT (PennyMac Mortgage Investment Trust) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, ADAM returned 1.63%/yr vs 7.17%/yr for PMT. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
ADAM vs. PMT - Performance Comparison
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Returns By Period
In the year-to-date period, ADAM achieves a 32.32% return, which is significantly higher than PMT's -9.21% return. Over the past 10 years, ADAM has underperformed PMT with an annualized return of 1.63%, while PMT has yielded a comparatively higher 7.17% annualized return.
ADAM
- 1D
- 1.45%
- 1M
- -0.77%
- 6M
- 20.74%
- YTD
- 32.32%
- 1Y
- 56.39%
- 3Y*
- 9.26%
- 5Y*
- -0.47%
- 10Y*
- 1.63%
- ALL TIME*
- -4.16%
PMT
- 1D
- 7.80%
- 1M
- -3.46%
- 6M
- -3.69%
- YTD
- -9.21%
- 1Y
- 2.98%
- 3Y*
- 6.60%
- 5Y*
- 0.04%
- 10Y*
- 7.17%
- ALL TIME*
- 7.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.01M | $7.43M | $7.47M | |
| $15.71M | $16.87M | $14.83M |
ADAM vs. PMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 32.32% | 36.49% | -19.27% | -5.45% | -20.80% | 10.70% | -36.23% | 20.32% | 8.95% | 6.02% |
PMT PennyMac Mortgage Investment Trust | -9.21% | 13.23% | -5.38% | 36.11% | -18.07% | 8.47% | -12.99% | 30.33% | 28.04% | 9.42% |
Correlation
The correlation between ADAM and PMT is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2009 | 0.54 |
The correlation between ADAM and PMT shifts across timeframes, from 0.54 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ADAM:
$815.04M
PMT:
$822.32M
ADAM:
$2.07
PMT:
$1.91
ADAM:
4.38
PMT:
4.94
ADAM:
1.07
PMT:
0.52
ADAM:
0.90
PMT:
0.63
ADAM:
$779.17M
PMT:
$1.56B
ADAM:
$353.75M
PMT:
$1.23B
ADAM:
$211.49M
PMT:
$972.47M
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Return for Risk
ADAM vs. PMT — Risk / Return Rank
ADAM
PMT
ADAM vs. PMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc (ADAM) and PennyMac Mortgage Investment Trust (PMT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADAM | PMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.05 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 0.12 | +3.57 |
| Martin ratioReturn relative to average drawdown | 11.36 | 0.26 | +11.10 |
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Drawdowns
ADAM vs. PMT - Drawdown Comparison
The maximum ADAM drawdown since its inception was -97.94%, which is greater than PMT's maximum drawdown of -75.90%. Use the drawdown chart below to compare losses from any high point for ADAM and PMT.
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Drawdown Indicators
| ADAM | PMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.94% | -75.90% | -22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -26.14% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -38.69% | -26.14% | -12.55% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -39.81% | -17.42% |
Max Drawdown (10Y)Largest decline over 10 years | -84.01% | -75.90% | -8.11% |
Current DrawdownCurrent decline from peak | -69.16% | -17.50% | -51.66% |
Average DrawdownAverage peak-to-trough decline | -73.64% | -11.62% | -62.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 11.90% | -6.37% |
Volatility
ADAM vs. PMT - Volatility Comparison
The current volatility for Adamas Trust, Inc (ADAM) is 6.80%, while PennyMac Mortgage Investment Trust (PMT) has a volatility of 12.02%. This indicates that ADAM experiences smaller price fluctuations and is considered to be less risky than PMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAM | PMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 12.02% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 25.68% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.51% | 29.94% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.67% | 30.19% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.31% | 45.41% | +2.90% |
Dividends
ADAM vs. PMT - Dividend Comparison
ADAM's dividend yield for the trailing twelve months is around 10.58%, less than PMT's 28.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 10.58% | 11.78% | 13.20% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% |
PMT PennyMac Mortgage Investment Trust | 28.57% | 12.75% | 12.71% | 10.70% | 14.61% | 10.85% | 8.64% | 8.43% | 10.10% | 11.70% | 11.48% | 14.15% |
Financials
ADAM vs. PMT - Financials Comparison
This section allows you to compare key financial metrics between Adamas Trust, Inc and PennyMac Mortgage Investment Trust. 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. PMT - Profitability Comparison
ADAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Adamas Trust, Inc reported a gross profit of 0.00 and revenue of 50.21M. Therefore, the gross margin over that period was 0.0%.
PMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, PennyMac Mortgage Investment Trust reported a gross profit of 363.00M and revenue of 397.00M. Therefore, the gross margin over that period was 91.4%.
ADAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Adamas Trust, Inc reported an operating income of 0.00 and revenue of 50.21M, resulting in an operating margin of 0.0%.
PMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, PennyMac Mortgage Investment Trust reported an operating income of 326.00M and revenue of 397.00M, resulting in an operating margin of 82.1%.
ADAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Adamas Trust, Inc reported a net income of 43.42M and revenue of 50.21M, resulting in a net margin of 86.5%.
PMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, PennyMac Mortgage Investment Trust reported a net income of 31.00M and revenue of 397.00M, resulting in a net margin of 7.8%.
Frequently Asked Questions
ADAM and PMT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMT has higher volatility (12.02%) compared to ADAM (6.80%). In terms of maximum drawdown, ADAM dropped -97.94% vs PMT's -75.90%.
ADAM currently has the higher Sharpe Ratio (1.97 vs 0.10), 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.
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