FBRT vs. DX

Last updated Jun 20, 2026

FBRT (Franklin BSP Realty Trust, Inc.) and DX (Dynex Capital, 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 17.21%/yr for DX. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

FBRT vs. DX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin BSP Realty Trust, Inc. (FBRT) and Dynex Capital, Inc. (DX). 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 DX's 0.54% return.

FBRT

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

DX

• 1D: 0.08%
• 1M: 2.83%
• YTD: 0.54%
• 6M: 1.85%
• 1Y: 25.07%
• 3Y*: 17.21%
• 5Y*: 5.09%
• 10Y*: 7.57%

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

FBRT vs. DX - 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%
DX Dynex Capital, Inc.	0.54%	29.48%	13.64%	11.91%	-15.39%	-4.59%

Correlation

The correlation between FBRT and DX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	0.60

The correlation between FBRT and DX shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FBRT : $673.78M DX : $2.61B
EPS FBRT : $0.71 DX : $1.59
PE Ratio FBRT : 11.84 DX : 8.20
PS Ratio FBRT : 2.06 DX : 2.85
PB Ratio FBRT : 0.52 DX : 1.00
Total Revenue (TTM) FBRT : $411.64M DX : $695.85M
Gross Profit (TTM) FBRT : $228.04M DX : $695.85M
EBITDA (TTM) FBRT : $218.28M DX : $900.29M

Return for Risk

FBRT vs. DX — 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

DX

DX Risk / Return Rank: 76
DX Sharpe Ratio Rank: 81
DX Sortino Ratio Rank: 77
DX Omega Ratio Rank: 75
DX Calmar Ratio Rank: 72
DX Martin Ratio Rank: 76

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. DX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin BSP Realty Trust, Inc. (FBRT) and Dynex Capital, Inc. (DX). 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	DX	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	1.43	-1.87
Sortino ratio: Return per unit of downside risk	-0.41	2.02	-2.43
Omega ratio: Gain probability vs. loss probability	0.94	1.25	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.50	1.65	-2.15
Martin ratio: Return relative to average drawdown	-0.99	4.98	-5.97

FBRT vs. DX - Sharpe Ratio Comparison

The current FBRT Sharpe Ratio is -0.44, which is lower than the DX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FBRT and DX, 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. DX - Drawdown Comparison

The maximum FBRT drawdown since its inception was -31.30%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for FBRT and DX.

Drawdown Indicators

	FBRT	DX	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-99.12%	+67.82%
Max Drawdown (1Y) Largest decline over 1 year	-23.51%	-15.27%	-8.24%
Max Drawdown (3Y) Largest decline over 3 years	-30.02%	-25.81%	-4.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.76%	—
Current Drawdown Current decline from peak	-27.65%	-31.19%	+3.54%
Average Drawdown Average peak-to-trough decline	-11.30%	-56.78%	+45.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	5.04%	+6.78%

Volatility

FBRT vs. DX - Volatility Comparison

Franklin BSP Realty Trust, Inc. (FBRT) has a higher volatility of 9.11% compared to Dynex Capital, Inc. (DX) at 5.16%. This indicates that FBRT's price experiences larger fluctuations and is considered to be riskier than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBRT	DX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	5.16%	+3.95%
Volatility (6M) Calculated over the trailing 6-month period	23.56%	13.78%	+9.78%
Volatility (1Y) Calculated over the trailing 1-year period	26.62%	17.67%	+8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	23.85%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	29.88%	-1.35%

Dividends

FBRT vs. DX - Dividend Comparison

FBRT's dividend yield for the trailing twelve months is around 15.01%, less than DX's 15.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DX Dynex Capital, Inc.	15.62%	14.13%	11.46%	12.46%	12.26%	9.34%	9.33%	11.87%	12.59%	10.27%	12.32%	15.12%
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 DX in my portfolio?

FBRT and DX have a correlation of 0.46, 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 DX?

FBRT has higher volatility (9.11%) compared to DX (5.16%). In terms of maximum drawdown, FBRT dropped -31.30% vs DX's -99.12%.

Which has better risk-adjusted returns?

DX currently has the higher Sharpe Ratio (1.43 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.