ARI vs. KREF
ARI (Apollo Commercial Real Estate Finance, Inc.) and KREF (KKR Real Estate Finance Trust Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 5 years, ARI returned 4.00%/yr vs -11.22%/yr for KREF. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
ARI vs. KREF - Performance Comparison
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Returns By Period
In the year-to-date period, ARI achieves a 14.60% return, which is significantly higher than KREF's -10.55% return.
ARI
- 1D
- 1.03%
- 1M
- -1.37%
- YTD
- 14.60%
- 6M
- 13.46%
- 1Y
- 22.16%
- 3Y*
- 10.54%
- 5Y*
- 4.00%
- 10Y*
- 7.52%
KREF
- 1D
- 3.82%
- 1M
- 10.66%
- YTD
- -10.55%
- 6M
- -10.44%
- 1Y
- -13.39%
- 3Y*
- -6.88%
- 5Y*
- -11.22%
- 10Y*
- —
ARI vs. KREF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARI Apollo Commercial Real Estate Finance, Inc. | 14.60% | 23.83% | -16.51% | 24.46% | -7.12% | 29.66% | -29.03% | 21.15% | -0.03% | 7.73% |
KREF KKR Real Estate Finance Trust Inc. | -10.55% | -9.25% | -15.80% | 9.15% | -25.89% | 27.86% | -2.82% | 16.15% | 4.26% | -0.09% |
Correlation
The correlation between ARI and KREF is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 5, 2017 | 0.69 |
The correlation between ARI and KREF has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
Fundamentals
ARI:
$1.51B
KREF:
$456.59M
ARI:
$0.91
KREF:
-$1.58
ARI:
2.54
KREF:
1.27
ARI:
0.84
KREF:
0.42
ARI:
$595.26M
KREF:
$366.11M
ARI:
$429.14M
KREF:
$298.61M
ARI:
$372.79M
KREF:
$197.55M
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Return for Risk
ARI vs. KREF — Risk / Return Rank
ARI
KREF
ARI vs. KREF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apollo Commercial Real Estate Finance, Inc. (ARI) and KKR Real Estate Finance Trust Inc. (KREF). 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.
| ARI | KREF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.95 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.39 | +2.60 |
| Martin ratioReturn relative to average drawdown | 4.97 | -0.75 | +5.71 |
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Drawdowns
ARI vs. KREF - Drawdown Comparison
The maximum ARI drawdown since its inception was -77.39%, which is greater than KREF's maximum drawdown of -57.33%. Use the drawdown chart below to compare losses from any high point for ARI and KREF.
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Drawdown Indicators
| ARI | KREF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.39% | -57.33% | -20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -34.53% | +24.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -44.87% | +20.14% |
Max Drawdown (5Y)Largest decline over 5 years | -40.95% | -57.33% | +16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -77.39% | — | — |
Current DrawdownCurrent decline from peak | -3.48% | -48.56% | +45.08% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -19.64% | +10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 17.96% | -13.49% |
Volatility
ARI vs. KREF - Volatility Comparison
The current volatility for Apollo Commercial Real Estate Finance, Inc. (ARI) is 4.36%, while KKR Real Estate Finance Trust Inc. (KREF) has a volatility of 9.95%. This indicates that ARI experiences smaller price fluctuations and is considered to be less risky than KREF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARI | KREF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 9.95% | -5.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 25.44% | -11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.06% | 29.99% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.73% | 30.06% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.99% | 30.75% | +13.24% |
Dividends
ARI vs. KREF - Dividend Comparison
ARI's dividend yield for the trailing twelve months is around 9.23%, less than KREF's 14.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARI Apollo Commercial Real Estate Finance, Inc. | 9.23% | 10.33% | 13.86% | 11.93% | 13.01% | 10.64% | 12.98% | 10.06% | 11.04% | 9.97% | 11.07% | 10.33% |
KREF KKR Real Estate Finance Trust Inc. | 14.16% | 12.17% | 9.90% | 13.00% | 12.32% | 9.53% | 9.60% | 8.42% | 8.83% | 4.95% | 0.00% | 0.00% |
Financials
ARI vs. KREF - Financials Comparison
This section allows you to compare key financial metrics between Apollo Commercial Real Estate Finance, Inc. and KKR Real Estate Finance Trust 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
ARI and KREF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KREF has higher volatility (9.95%) compared to ARI (4.36%). In terms of maximum drawdown, ARI dropped -77.39% vs KREF's -57.33%.
ARI currently has the higher Sharpe Ratio (1.17 vs -0.45), 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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