APAM vs. EFC

Last updated Jun 3, 2026

APAM (Artisan Partners Asset Management Inc.) and EFC (Ellington Financial Inc.) are both stocks. APAM operates in Asset Management (Financial Services), while EFC operates in REIT - Mortgage (Real Estate). Over the past 10 years, APAM returned 11.26%/yr vs 9.27%/yr for EFC. At a 0.38 correlation, their price movements are largely independent.

Performance

APAM vs. EFC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Artisan Partners Asset Management Inc. (APAM) and Ellington Financial Inc. (EFC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APAM achieves a -2.94% return, which is significantly lower than EFC's 5.36% return. Over the past 10 years, APAM has outperformed EFC with an annualized return of 11.26%, while EFC has yielded a comparatively lower 9.27% annualized return.

APAM

• 1D: -0.08%
• 1M: 1.51%
• YTD: -2.94%
• 6M: -4.87%
• 1Y: 2.16%
• 3Y*: 12.94%
• 5Y*: 2.04%
• 10Y*: 11.26%

EFC

• 1D: 1.27%
• 1M: 3.71%
• YTD: 5.36%
• 6M: 6.13%
• 1Y: 23.64%
• 3Y*: 15.47%
• 5Y*: 5.91%
• 10Y*: 9.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

APAM vs. EFC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APAM Artisan Partners Asset Management Inc.	-2.94%	2.72%	4.85%	60.26%	-31.31%	2.74%	71.01%	66.94%	-38.17%	45.24%
EFC Ellington Financial Inc.	5.36%	26.13%	8.68%	18.16%	-18.32%	26.33%	-10.16%	32.43%	17.29%	4.34%

Correlation

The correlation between APAM and EFC is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 8, 2013	0.38

The correlation between APAM and EFC shifts across timeframes, from 0.38 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap APAM : $2.66B EFC : $1.66B
EPS APAM : $4.04 EFC : $1.95
PE Ratio APAM : 9.23 EFC : 6.99
PS Ratio APAM : 2.14 EFC : 3.41
PB Ratio APAM : 6.14 EFC : 0.97
Total Revenue (TTM) APAM : $1.24B EFC : $417.93M
Gross Profit (TTM) APAM : $730.62M EFC : $347.01M
EBITDA (TTM) APAM : $499.32M EFC : $270.77M

Return for Risk

APAM vs. EFC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APAM

APAM Risk / Return Rank: 40
APAM Sharpe Ratio Rank: 43
APAM Sortino Ratio Rank: 36
APAM Omega Ratio Rank: 35
APAM Calmar Ratio Rank: 42
APAM Martin Ratio Rank: 42

EFC

EFC Risk / Return Rank: 72
EFC Sharpe Ratio Rank: 78
EFC Sortino Ratio Rank: 74
EFC Omega Ratio Rank: 72
EFC Calmar Ratio Rank: 65
EFC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APAM vs. EFC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artisan Partners Asset Management Inc. (APAM) and Ellington Financial Inc. (EFC). 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.

	APAM	EFC	Difference
Sharpe ratio Return per unit of total volatility	0.09	1.36	-1.26
Sortino ratio Return per unit of downside risk	0.30	1.95	-1.65
Omega ratio Gain probability vs. loss probability	1.03	1.24	-0.21
Calmar ratio Return relative to maximum drawdown	0.08	1.23	-1.16
Martin ratio Return relative to average drawdown	0.16	4.03	-3.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APAM vs. EFC - Sharpe Ratio Comparison

The current APAM Sharpe Ratio is 0.09, which is lower than the EFC Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of APAM and EFC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APAM	EFC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	1.36	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.25	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.22	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.27	0.00

Drawdowns

APAM vs. EFC - Drawdown Comparison

The maximum APAM drawdown since its inception was -59.70%, smaller than the maximum EFC drawdown of -79.08%. Use the drawdown chart below to compare losses from any high point for APAM and EFC.

Drawdown Indicators

	APAM	EFC	Difference
Max Drawdown Largest peak-to-trough decline	-59.70%	-79.08%	+19.38%
Max Drawdown (1Y) Largest decline over 1 year	-21.92%	-17.71%	-4.21%
Max Drawdown (3Y) Largest decline over 3 years	-28.91%	-18.86%	-10.05%
Max Drawdown (5Y) Largest decline over 5 years	-45.68%	-34.19%	-11.49%
Max Drawdown (10Y) Largest decline over 10 years	-51.07%	-79.08%	+28.01%
Current Drawdown Current decline from peak	-15.21%	0.00%	-15.21%
Average Drawdown Average peak-to-trough decline	-23.71%	-9.95%	-13.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.63%	5.43%	+5.20%

Volatility

APAM vs. EFC - Volatility Comparison

Artisan Partners Asset Management Inc. (APAM) has a higher volatility of 5.46% compared to Ellington Financial Inc. (EFC) at 4.97%. This indicates that APAM's price experiences larger fluctuations and is considered to be riskier than EFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APAM	EFC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	4.97%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	13.03%	+4.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.89%	17.58%	+6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.01%	23.94%	+7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.39%	42.27%	-8.88%

Dividends

APAM vs. EFC - Dividend Comparison

APAM's dividend yield for the trailing twelve months is around 10.61%, less than EFC's 11.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APAM Artisan Partners Asset Management Inc.	10.61%	8.91%	7.34%	6.02%	12.36%	8.88%	6.73%	10.49%	14.43%	6.99%	9.41%	9.29%
EFC Ellington Financial Inc.	11.47%	11.49%	13.20%	14.16%	14.55%	9.60%	8.49%	9.87%	10.70%	12.13%	12.56%	14.60%

Financials

Frequently Asked Questions

Can I hold both APAM and EFC in my portfolio?

APAM and EFC have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APAM or EFC?

APAM has higher volatility (5.46%) compared to EFC (4.97%). In terms of maximum drawdown, APAM dropped -59.70% vs EFC's -79.08%.

Which has better risk-adjusted returns?

EFC currently has the higher Sharpe Ratio (1.36 vs 0.09), 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.