AGNC vs. NLY
AGNC (AGNC Investment Corp.) and NLY (Annaly Capital Management, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, AGNC returned 6.33%/yr vs 6.01%/yr for NLY. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
AGNC vs. NLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGNC achieves a 2.35% return, which is significantly lower than NLY's 2.71% return. Over the past 10 years, AGNC has outperformed NLY with an annualized return of 6.33%, while NLY has yielded a comparatively lower 6.01% annualized return.
AGNC
- 1D
- 0.78%
- 1M
- 2.43%
- YTD
- 2.35%
- 6M
- 4.08%
- 1Y
- 28.97%
- 3Y*
- 16.54%
- 5Y*
- 4.24%
- 10Y*
- 6.33%
NLY
- 1D
- 0.23%
- 1M
- 3.01%
- YTD
- 2.71%
- 6M
- 4.34%
- 1Y
- 32.55%
- 3Y*
- 17.28%
- 5Y*
- 3.59%
- 10Y*
- 6.01%
AGNC vs. NLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGNC AGNC Investment Corp. | 2.35% | 34.92% | 8.90% | 10.14% | -21.65% | 5.20% | -1.78% | 13.31% | -2.46% | 23.73% |
NLY Annaly Capital Management, Inc. | 2.71% | 40.00% | 8.07% | 4.94% | -21.41% | 2.48% | 2.38% | 7.22% | -7.22% | 31.92% |
Correlation
The correlation between AGNC and NLY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 15, 2008 | 0.75 |
The correlation between AGNC and NLY shifts across timeframes, from 0.75 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AGNC:
$11.65B
NLY:
$16.09B
AGNC:
$1.33
NLY:
$3.28
AGNC:
7.80
NLY:
6.77
AGNC:
4.79
NLY:
2.84
AGNC:
1.14
NLY:
1.11
AGNC:
$2.33B
NLY:
$5.21B
AGNC:
$2.30B
NLY:
$5.17B
AGNC:
$3.72B
NLY:
$5.65B
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
AGNC vs. NLY — Risk / Return Rank
AGNC
NLY
AGNC vs. NLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGNC Investment Corp. (AGNC) and Annaly Capital Management, Inc. (NLY). 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.
| AGNC | NLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.20 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.44 | 6.39 | -1.95 |
Loading charts...
Drawdowns
AGNC vs. NLY - Drawdown Comparison
The maximum AGNC drawdown since its inception was -54.56%, smaller than the maximum NLY drawdown of -60.09%. Use the drawdown chart below to compare losses from any high point for AGNC and NLY.
Loading charts...
Drawdown Indicators
| AGNC | NLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.56% | -60.09% | +5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -18.71% | -14.88% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -31.04% | -26.70% | -4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -50.65% | -50.46% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -54.56% | -60.09% | +5.53% |
Current DrawdownCurrent decline from peak | -9.85% | -5.88% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -13.82% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 5.11% | +1.43% |
Volatility
AGNC vs. NLY - Volatility Comparison
The current volatility for AGNC Investment Corp. (AGNC) is 5.55%, while Annaly Capital Management, Inc. (NLY) has a volatility of 6.36%. This indicates that AGNC experiences smaller price fluctuations and is considered to be less risky than NLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGNC | NLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.36% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 15.42% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 19.14% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 25.61% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.41% | 28.15% | -2.74% |
Dividends
AGNC vs. NLY - Dividend Comparison
AGNC's dividend yield for the trailing twelve months is around 13.87%, more than NLY's 12.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGNC AGNC Investment Corp. | 13.87% | 13.43% | 15.64% | 14.68% | 13.91% | 9.57% | 10.00% | 11.31% | 12.31% | 10.70% | 12.69% | 14.30% |
NLY Annaly Capital Management, Inc. | 12.61% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
Financials
AGNC vs. NLY - Financials Comparison
This section allows you to compare key financial metrics between AGNC Investment Corp. and Annaly Capital Management, 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
Frequently Asked Questions
AGNC and NLY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLY has higher volatility (6.36%) compared to AGNC (5.55%). In terms of maximum drawdown, AGNC dropped -54.56% vs NLY's -60.09%.
NLY currently has the higher Sharpe Ratio (1.71 vs 1.49), 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 AGNC and NLY
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