BXMT vs. RWT
BXMT (Blackstone Mortgage Trust, Inc.) and RWT (Redwood Trust, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, BXMT returned 5.02%/yr vs -1.16%/yr for RWT. At a 0.36 correlation, their price movements are largely independent.
Performance
BXMT vs. RWT - Performance Comparison
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Returns By Period
In the year-to-date period, BXMT achieves a -3.07% return, which is significantly higher than RWT's -3.53% return. Over the past 10 years, BXMT has outperformed RWT with an annualized return of 5.02%, while RWT has yielded a comparatively lower -1.16% annualized return.
BXMT
- 1D
- 1.46%
- 1M
- 0.72%
- YTD
- -3.07%
- 6M
- -5.60%
- 1Y
- 3.30%
- 3Y*
- 7.73%
- 5Y*
- -0.89%
- 10Y*
- 5.02%
RWT
- 1D
- 0.58%
- 1M
- -2.46%
- YTD
- -3.53%
- 6M
- -4.87%
- 1Y
- 4.63%
- 3Y*
- 3.38%
- 5Y*
- -6.67%
- 10Y*
- -1.16%
BXMT vs. RWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | -3.07% | 21.13% | -7.90% | 13.46% | -24.03% | 20.27% | -17.83% | 25.16% | 6.95% | 15.77% |
RWT Redwood Trust, Inc. | -3.53% | -4.08% | -2.60% | 21.61% | -42.26% | 60.13% | -42.70% | 18.16% | 9.40% | 4.49% |
Correlation
The correlation between BXMT and RWT is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 1995 | 0.36 |
Over the past year, BXMT and RWT have become more correlated (0.60) than their long-term average of 0.36, meaning their price movements have been converging.
Fundamentals
BXMT:
$0.61
RWT:
-$0.48
BXMT:
2.01
RWT:
2.48
BXMT:
$1.54B
RWT:
$269.15M
BXMT:
$960.53M
RWT:
$1.06B
BXMT:
$957.49M
RWT:
$1.06B
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Return for Risk
BXMT vs. RWT — Risk / Return Rank
BXMT
RWT
BXMT vs. RWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Mortgage Trust, Inc. (BXMT) and Redwood Trust, Inc. (RWT). 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.
| BXMT | RWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.22 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.60 | 0.44 | +0.16 |
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Drawdowns
BXMT vs. RWT - Drawdown Comparison
The maximum BXMT drawdown since its inception was -97.98%, which is greater than RWT's maximum drawdown of -88.91%. Use the drawdown chart below to compare losses from any high point for BXMT and RWT.
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Drawdown Indicators
| BXMT | RWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.98% | -88.91% | -9.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -21.22% | +9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -33.79% | +10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.02% | -55.83% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | -67.86% | -85.40% | +17.54% |
Current DrawdownCurrent decline from peak | -34.94% | -59.40% | +24.46% |
Average DrawdownAverage peak-to-trough decline | -49.05% | -45.59% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 10.58% | -5.10% |
Volatility
BXMT vs. RWT - Volatility Comparison
The current volatility for Blackstone Mortgage Trust, Inc. (BXMT) is 7.13%, while Redwood Trust, Inc. (RWT) has a volatility of 7.87%. This indicates that BXMT experiences smaller price fluctuations and is considered to be less risky than RWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMT | RWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 7.87% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.79% | 29.25% | -12.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.91% | 36.13% | -14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.75% | 35.10% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.64% | 49.05% | -16.41% |
Dividends
BXMT vs. RWT - Dividend Comparison
BXMT's dividend yield for the trailing twelve months is around 10.39%, less than RWT's 13.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | 10.39% | 9.83% | 12.52% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% |
RWT Redwood Trust, Inc. | 13.95% | 13.02% | 10.26% | 9.58% | 13.61% | 5.91% | 8.26% | 7.26% | 7.83% | 7.56% | 7.36% | 8.48% |
Financials
BXMT vs. RWT - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Mortgage Trust, Inc. and Redwood 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
BXMT and RWT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWT has higher volatility (7.87%) compared to BXMT (7.13%). In terms of maximum drawdown, BXMT dropped -97.98% vs RWT's -88.91%.
BXMT currently has the higher Sharpe Ratio (0.15 vs 0.13), 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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