FBRT vs. ADAM

Last updated Jun 20, 2026

FBRT (Franklin BSP Realty Trust, Inc.) and ADAM (Adamas Trust, Inc) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 3 years, FBRT returned -6.24%/yr vs 19.86%/yr for ADAM. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

FBRT vs. ADAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP Realty Trust, Inc. (FBRT) and Adamas Trust, Inc (ADAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBRT achieves a -13.93% return, which is significantly lower than ADAM's 72.44% return.

FBRT

• 1D: 2.80%
• 1M: -2.88%
• YTD: -13.93%
• 6M: -15.70%
• 1Y: -11.63%
• 3Y*: -6.24%
• 5Y*: —
• 10Y*: —

ADAM

• 1D: 1.11%
• 1M: 37.10%
• YTD: 72.44%
• 6M: 73.87%
• 1Y: 105.72%
• 3Y*: 19.86%
• 5Y*: 4.23%
• 10Y*: 4.54%

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

FBRT vs. ADAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FBRT Franklin BSP Realty Trust, Inc.	-13.93%	-9.17%	3.73%	16.56%	-3.86%	-10.46%
ADAM Adamas Trust, Inc	72.44%	36.49%	-19.27%	-5.45%	-20.80%	-12.41%

Correlation

The correlation between FBRT and ADAM is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	0.62

The correlation between FBRT and ADAM has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

Fundamentals

Market Cap FBRT : $673.78M ADAM : $840.51M
EPS FBRT : $0.71 ADAM : $1.70
PE Ratio FBRT : 11.84 ADAM : 5.37
PS Ratio FBRT : 2.06 ADAM : 1.17
PB Ratio FBRT : 0.52 ADAM : 0.92
Total Revenue (TTM) FBRT : $411.64M ADAM : $713.66M
Gross Profit (TTM) FBRT : $228.04M ADAM : $546.72M
EBITDA (TTM) FBRT : $218.28M ADAM : $477.31M

Return for Risk

FBRT vs. ADAM — Risk / Return Rank

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

FBRT

FBRT Risk / Return Rank: 22
FBRT Sharpe Ratio Rank: 23
FBRT Sortino Ratio Rank: 22
FBRT Omega Ratio Rank: 21
FBRT Calmar Ratio Rank: 24
FBRT Martin Ratio Rank: 21

ADAM

ADAM Risk / Return Rank: 94
ADAM Sharpe Ratio Rank: 92
ADAM Sortino Ratio Rank: 96
ADAM Omega Ratio Rank: 95
ADAM Calmar Ratio Rank: 94
ADAM Martin Ratio Rank: 96

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.

FBRT vs. ADAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP Realty Trust, Inc. (FBRT) and Adamas Trust, Inc (ADAM). 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.

	FBRT	ADAM	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	2.32	-2.76
Sortino ratio: Return per unit of downside risk	-0.41	4.13	-4.54
Omega ratio: Gain probability vs. loss probability	0.94	1.53	-0.59
Calmar ratio: Return relative to maximum drawdown	-0.50	6.23	-6.73
Martin ratio: Return relative to average drawdown	-0.99	19.77	-20.76

FBRT vs. ADAM - Sharpe Ratio Comparison

The current FBRT Sharpe Ratio is -0.44, which is lower than the ADAM Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FBRT and ADAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBRT vs. ADAM - Drawdown Comparison

The maximum FBRT drawdown since its inception was -31.30%, smaller than the maximum ADAM drawdown of -97.94%. Use the drawdown chart below to compare losses from any high point for FBRT and ADAM.

Drawdown Indicators

	FBRT	ADAM	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-97.94%	+66.64%
Max Drawdown (1Y) Largest decline over 1 year	-23.51%	-17.07%	-6.44%
Max Drawdown (3Y) Largest decline over 3 years	-30.02%	-42.20%	+12.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-57.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-84.01%	—
Current Drawdown Current decline from peak	-27.65%	-59.82%	+32.17%
Average Drawdown Average peak-to-trough decline	-11.30%	-73.65%	+62.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	5.37%	+6.45%

Volatility

FBRT vs. ADAM - Volatility Comparison

The current volatility for Franklin BSP Realty Trust, Inc. (FBRT) is 9.11%, while Adamas Trust, Inc (ADAM) has a volatility of 29.43%. This indicates that FBRT experiences smaller price fluctuations and is considered to be less risky than ADAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRT	ADAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	29.43%	-20.32%
Volatility (6M) Calculated over the trailing 6-month period	23.56%	37.88%	-14.32%
Volatility (1Y) Calculated over the trailing 1-year period	26.62%	45.89%	-19.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	37.69%	-9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	49.40%	-20.87%

Dividends

FBRT vs. ADAM - Dividend Comparison

FBRT's dividend yield for the trailing twelve months is around 15.01%, less than ADAM's 35.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADAM Adamas Trust, Inc	35.33%	11.78%	13.20%	14.07%	15.62%	10.75%	6.10%	12.84%	13.58%	12.97%	14.55%	19.14%
FBRT Franklin BSP Realty Trust, Inc.	15.01%	14.16%	11.32%	10.51%	11.01%	1.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both FBRT and ADAM in my portfolio?

FBRT and ADAM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBRT or ADAM?

ADAM has higher volatility (29.43%) compared to FBRT (9.11%). In terms of maximum drawdown, FBRT dropped -31.30% vs ADAM's -97.94%.

Which has better risk-adjusted returns?

ADAM currently has the higher Sharpe Ratio (2.32 vs -0.44), 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.