FBRT vs. CMTG

Last updated Jun 20, 2026

FBRT (Franklin BSP Realty Trust, Inc.) and CMTG (Claros Mortgage 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 -35.17%/yr for CMTG. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

FBRT vs. CMTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP Realty Trust, Inc. (FBRT) and Claros Mortgage Trust, Inc. (CMTG). 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 CMTG's -10.78% return.

FBRT

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

CMTG

• 1D: 5.00%
• 1M: 21.33%
• YTD: -10.78%
• 6M: -17.52%
• 1Y: -14.95%
• 3Y*: -35.17%
• 5Y*: —
• 10Y*: —

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

FBRT vs. CMTG - 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%	-6.73%
CMTG Claros Mortgage Trust, Inc.	-10.78%	-32.30%	-64.39%	2.82%	-1.38%	3.95%

Correlation

The correlation between FBRT and CMTG is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.52

The correlation between FBRT and CMTG has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Fundamentals

EPS FBRT : $0.71 CMTG : -$4.41
PS Ratio FBRT : 2.06 CMTG : 0.92
Total Revenue (TTM) FBRT : $411.64M CMTG : $311.27M
Gross Profit (TTM) FBRT : $228.04M CMTG : -$65.16M
EBITDA (TTM) FBRT : $218.28M CMTG : $51.76M

Return for Risk

FBRT vs. CMTG — 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

CMTG

CMTG Risk / Return Rank: 33
CMTG Sharpe Ratio Rank: 33
CMTG Sortino Ratio Rank: 33
CMTG Omega Ratio Rank: 33
CMTG Calmar Ratio Rank: 32
CMTG Martin Ratio Rank: 32

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. CMTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP Realty Trust, Inc. (FBRT) and Claros Mortgage Trust, Inc. (CMTG). 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	CMTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	-0.24	-0.20
Sortino ratio: Return per unit of downside risk	-0.41	0.08	-0.49
Omega ratio: Gain probability vs. loss probability	0.94	1.01	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.32	-0.18
Martin ratio: Return relative to average drawdown	-0.99	-0.56	-0.42

FBRT vs. CMTG - Sharpe Ratio Comparison

The current FBRT Sharpe Ratio is -0.44, which is lower than the CMTG Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of FBRT and CMTG, 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. CMTG - Drawdown Comparison

The maximum FBRT drawdown since its inception was -31.30%, smaller than the maximum CMTG drawdown of -87.12%. Use the drawdown chart below to compare losses from any high point for FBRT and CMTG.

Drawdown Indicators

	FBRT	CMTG	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-87.12%	+55.82%
Max Drawdown (1Y) Largest decline over 1 year	-23.51%	-47.34%	+23.83%
Max Drawdown (3Y) Largest decline over 3 years	-30.02%	-84.37%	+54.35%
Current Drawdown Current decline from peak	-27.65%	-83.09%	+55.44%
Average Drawdown Average peak-to-trough decline	-11.30%	-46.43%	+35.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	26.64%	-14.82%

Volatility

FBRT vs. CMTG - Volatility Comparison

The current volatility for Franklin BSP Realty Trust, Inc. (FBRT) is 9.11%, while Claros Mortgage Trust, Inc. (CMTG) has a volatility of 19.14%. This indicates that FBRT experiences smaller price fluctuations and is considered to be less risky than CMTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRT	CMTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	19.14%	-10.03%
Volatility (6M) Calculated over the trailing 6-month period	23.56%	44.78%	-21.22%
Volatility (1Y) Calculated over the trailing 1-year period	26.62%	63.30%	-36.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	52.57%	-24.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	52.57%	-24.04%

Dividends

FBRT vs. CMTG - Dividend Comparison

FBRT's dividend yield for the trailing twelve months is around 15.01%, while CMTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CMTG Claros Mortgage Trust, Inc.	0.00%	0.00%	13.27%	9.10%	10.06%	2.26%
FBRT Franklin BSP Realty Trust, Inc.	15.01%	14.16%	11.32%	10.51%	11.01%	1.91%

Financials

Frequently Asked Questions

Can I hold both FBRT and CMTG in my portfolio?

FBRT and CMTG have a correlation of 0.55, 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 CMTG?

CMTG has higher volatility (19.14%) compared to FBRT (9.11%). In terms of maximum drawdown, FBRT dropped -31.30% vs CMTG's -87.12%.

Which has better risk-adjusted returns?

CMTG currently has the higher Sharpe Ratio (-0.24 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.