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BXMT vs. ACRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

BXMT vs. ACRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Mortgage Trust, Inc. (BXMT) and Ares Commercial Real Estate Corporation (ACRE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BXMT achieves a -2.32% return, which is significantly lower than ACRE's 7.29% return. Over the past 10 years, BXMT has outperformed ACRE with an annualized return of 4.94%, while ACRE has yielded a comparatively lower 2.15% annualized return.


BXMT

1D
-0.82%
1M
-0.60%
YTD
-2.32%
6M
-5.94%
1Y
3.51%
3Y*
8.81%
5Y*
-1.92%
10Y*
4.94%

ACRE

1D
0.00%
1M
2.26%
YTD
7.29%
6M
1.72%
1Y
14.03%
3Y*
-9.20%
5Y*
-11.00%
10Y*
2.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BXMT vs. ACRE - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
BXMT
Blackstone Mortgage Trust, Inc.
-2.32%21.13%-7.90%13.46%-24.03%20.27%-17.83%25.16%6.95%15.77%
ACRE
Ares Commercial Real Estate Corporation
7.29%-7.92%-34.00%15.56%-20.44%34.30%-13.84%32.33%10.33%1.93%

Correlation

The correlation between BXMT and ACRE is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2012

0.60

The correlation between BXMT and ACRE shifts across timeframes, from 0.60 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap

BXMT:

$3.08B

ACRE:

$274.95M

EPS

BXMT:

$0.61

ACRE:

-$0.36

PS Ratio

BXMT:

2.03

ACRE:

5.02

PB Ratio

BXMT:

0.90

ACRE:

0.56

Total Revenue (TTM)

BXMT:

$1.54B

ACRE:

$54.71M

Gross Profit (TTM)

BXMT:

$960.53M

ACRE:

$25.31M

EBITDA (TTM)

BXMT:

$957.49M

ACRE:

$30.62M

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Return for Risk

BXMT vs. ACRE — Risk / Return Rank

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

BXMT
BXMT Risk / Return Rank: 4747
Overall Rank
BXMT Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
BXMT Sortino Ratio Rank: 4242
Sortino Ratio Rank
BXMT Omega Ratio Rank: 4141
Omega Ratio Rank
BXMT Calmar Ratio Rank: 5151
Calmar Ratio Rank
BXMT Martin Ratio Rank: 5151
Martin Ratio Rank

ACRE
ACRE Risk / Return Rank: 5656
Overall Rank
ACRE Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ACRE Sortino Ratio Rank: 5454
Sortino Ratio Rank
ACRE Omega Ratio Rank: 5151
Omega Ratio Rank
ACRE Calmar Ratio Rank: 6161
Calmar Ratio Rank
ACRE Martin Ratio Rank: 6060
Martin Ratio Rank
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.

BXMT vs. ACRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Mortgage Trust, Inc. (BXMT) and Ares Commercial Real Estate Corporation (ACRE). 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.


BXMTACREDifference
Sharpe ratioReturn per unit of total volatility

-0.22

Sortino ratioReturn per unit of downside risk

-0.48

Omega ratioGain probability vs. loss probability

1.04

1.10

-0.06

Calmar ratioReturn relative to maximum drawdown

0.29

0.80

-0.50

Martin ratioReturn relative to average drawdown

0.67

1.66

-0.99

BXMT vs. ACRE - Sharpe Ratio Comparison

The current BXMT Sharpe Ratio is 0.16, which is lower than the ACRE Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of BXMT and ACRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

BXMT vs. ACRE - Drawdown Comparison

The maximum BXMT drawdown since its inception was -97.98%, which is greater than ACRE's maximum drawdown of -75.68%. Use the drawdown chart below to compare losses from any high point for BXMT and ACRE.


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Drawdown Indicators


BXMTACREDifference

Max Drawdown

Largest peak-to-trough decline

-97.98%

-75.68%

-22.30%

Max Drawdown (1Y)

Largest decline over 1 year

-12.02%

-17.69%

+5.67%

Max Drawdown (3Y)

Largest decline over 3 years

-23.29%

-61.28%

+37.99%

Max Drawdown (5Y)

Largest decline over 5 years

-43.02%

-67.51%

+24.49%

Max Drawdown (10Y)

Largest decline over 10 years

-67.86%

-75.68%

+7.82%

Current Drawdown

Current decline from peak

-34.43%

-47.71%

+13.28%

Average Drawdown

Average peak-to-trough decline

-49.05%

-19.85%

-29.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.25%

8.49%

-3.24%

Volatility

BXMT vs. ACRE - Volatility Comparison

The current volatility for Blackstone Mortgage Trust, Inc. (BXMT) is 6.94%, while Ares Commercial Real Estate Corporation (ACRE) has a volatility of 9.19%. This indicates that BXMT experiences smaller price fluctuations and is considered to be less risky than ACRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BXMTACREDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.94%

9.19%

-2.25%

Volatility (6M)

Calculated over the trailing 6-month period

16.74%

24.06%

-7.32%

Volatility (1Y)

Calculated over the trailing 1-year period

21.74%

37.25%

-15.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.76%

35.74%

-7.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.63%

45.04%

-12.41%

Dividends

BXMT vs. ACRE - Dividend Comparison

BXMT's dividend yield for the trailing twelve months is around 10.31%, less than ACRE's 12.07% yield.


PositionTTM20252024202320222021202020192018201720162015
ACRE
Ares Commercial Real Estate Corporation
12.07%12.55%16.98%13.13%13.61%9.63%11.08%8.33%8.90%8.37%7.57%8.74%
BXMT
Blackstone Mortgage Trust, Inc.
10.31%9.83%12.52%11.66%11.71%8.10%9.01%6.66%7.78%7.71%8.25%8.52%

Financials

BXMT vs. ACRE - Financials Comparison

This section allows you to compare key financial metrics between Blackstone Mortgage Trust, Inc. and Ares Commercial Real Estate Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00100.00M200.00M300.00M400.00M500.00M20222023202420252026
380.15M
13.46M
(BXMT) Total Revenue
(ACRE) Total Revenue
Values in USD except per share items

BXMT vs. ACRE - Profitability Comparison

The chart below illustrates the profitability comparison between Blackstone Mortgage Trust, Inc. and Ares Commercial Real Estate Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%20222023202420252026
20.4%
0
Portfolio components
BXMT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Mortgage Trust, Inc. reported a gross profit of 77.44M and revenue of 380.15M. Therefore, the gross margin over that period was 20.4%.

ACRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ares Commercial Real Estate Corporation reported a gross profit of 0.00 and revenue of 13.46M. Therefore, the gross margin over that period was 0.0%.

BXMT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Mortgage Trust, Inc. reported an operating income of 48.65M and revenue of 380.15M, resulting in an operating margin of 12.8%.

ACRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Commercial Real Estate Corporation reported an operating income of -9.58M and revenue of 13.46M, resulting in an operating margin of -71.1%.

BXMT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Mortgage Trust, Inc. reported a net income of -6.30M and revenue of 380.15M, resulting in a net margin of -1.7%.

ACRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ares Commercial Real Estate Corporation reported a net income of -9.61M and revenue of 13.46M, resulting in a net margin of -71.4%.


Frequently Asked Questions


BXMT and ACRE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACRE has higher volatility (9.19%) compared to BXMT (6.94%). In terms of maximum drawdown, BXMT dropped -97.98% vs ACRE's -75.68%.

ACRE currently has the higher Sharpe Ratio (0.38 vs 0.16), 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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