CHMI vs. RWT
CHMI (Cherry Hill Mortgage Investment Corporation) 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, CHMI returned -5.20%/yr vs -1.16%/yr for RWT. At a 0.46 correlation, their price movements are largely independent.
Performance
CHMI vs. RWT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CHMI achieves a -4.91% return, which is significantly lower than RWT's -3.53% return. Over the past 10 years, CHMI has underperformed RWT with an annualized return of -5.20%, while RWT has yielded a comparatively higher -1.16% annualized return.
CHMI
- 1D
- -1.27%
- 1M
- -3.32%
- YTD
- -4.91%
- 6M
- -4.25%
- 1Y
- -5.51%
- 3Y*
- -7.48%
- 5Y*
- -12.58%
- 10Y*
- -5.20%
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%
CHMI vs. RWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHMI Cherry Hill Mortgage Investment Corporation | -4.91% | 14.92% | -21.94% | -18.91% | -17.19% | 1.54% | -28.09% | -6.76% | 9.80% | 10.00% |
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 CHMI and RWT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2013 | 0.46 |
The correlation between CHMI and RWT shifts across timeframes, from 0.35 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CHMI:
$0.61
RWT:
-$0.48
CHMI:
1.91
RWT:
2.48
CHMI:
$43.39M
RWT:
$269.15M
CHMI:
$35.08M
RWT:
$1.06B
CHMI:
$38.24M
RWT:
$1.06B
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
CHMI vs. RWT — Risk / Return Rank
CHMI
RWT
CHMI vs. RWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cherry Hill Mortgage Investment Corporation (CHMI) 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.
| CHMI | RWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.22 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.53 | 0.44 | -0.97 |
Loading charts...
Drawdowns
CHMI vs. RWT - Drawdown Comparison
The maximum CHMI drawdown since its inception was -81.93%, smaller than the maximum RWT drawdown of -88.91%. Use the drawdown chart below to compare losses from any high point for CHMI and RWT.
Loading charts...
Drawdown Indicators
| CHMI | RWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.93% | -88.91% | +6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -24.83% | -21.22% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -40.96% | -33.79% | -7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -61.98% | -55.83% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -81.93% | -85.40% | +3.47% |
Current DrawdownCurrent decline from peak | -63.70% | -59.40% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -28.64% | -45.59% | +16.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.48% | 10.58% | -0.10% |
Volatility
CHMI vs. RWT - Volatility Comparison
The current volatility for Cherry Hill Mortgage Investment Corporation (CHMI) is 6.74%, while Redwood Trust, Inc. (RWT) has a volatility of 7.87%. This indicates that CHMI 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.
Loading charts...
Volatility by Period
| CHMI | RWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 7.87% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 29.25% | -9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 36.13% | -4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.35% | 35.10% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.88% | 49.05% | -6.17% |
Dividends
CHMI vs. RWT - Dividend Comparison
CHMI's dividend yield for the trailing twelve months is around 19.31%, more than RWT's 13.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHMI Cherry Hill Mortgage Investment Corporation | 19.31% | 19.61% | 22.73% | 17.82% | 18.62% | 13.06% | 13.24% | 12.20% | 12.03% | 10.89% | 11.60% | 15.23% |
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
CHMI vs. RWT - Financials Comparison
This section allows you to compare key financial metrics between Cherry Hill Mortgage Investment Corporation 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
CHMI and RWT have a correlation of 0.35, 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 CHMI (6.74%). In terms of maximum drawdown, CHMI dropped -81.93% vs RWT's -88.91%.
RWT currently has the higher Sharpe Ratio (0.13 vs -0.18), 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 CHMI and RWT
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