FBRT vs. RWT
FBRT (Franklin BSP Realty 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 3 years, FBRT returned -6.24%/yr vs 3.38%/yr for RWT. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
FBRT vs. RWT - Performance Comparison
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Returns By Period
In the year-to-date period, FBRT achieves a -13.93% return, which is significantly lower than RWT's -3.53% return.
FBRT
- 1D
- 2.80%
- 1M
- -2.88%
- YTD
- -13.93%
- 6M
- -15.70%
- 1Y
- -11.63%
- 3Y*
- -6.24%
- 5Y*
- —
- 10Y*
- —
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%
FBRT vs. RWT - 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% |
RWT Redwood Trust, Inc. | -3.53% | -4.08% | -2.60% | 21.61% | -42.26% | -3.60% |
Correlation
The correlation between FBRT and RWT is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.59 |
The correlation between FBRT and RWT shifts across timeframes, from 0.52 (1 year) to 0.62 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
FBRT:
$0.71
RWT:
-$0.48
FBRT:
2.06
RWT:
2.48
FBRT:
$411.64M
RWT:
$269.15M
FBRT:
$228.04M
RWT:
$1.06B
FBRT:
$218.28M
RWT:
$1.06B
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Return for Risk
FBRT vs. RWT — Risk / Return Rank
FBRT
RWT
FBRT vs. RWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin BSP Realty Trust, Inc. (FBRT) 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.
| FBRT | RWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.06 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.22 | -0.72 |
| Martin ratioReturn relative to average drawdown | -0.99 | 0.44 | -1.42 |
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Drawdowns
FBRT vs. RWT - Drawdown Comparison
The maximum FBRT drawdown since its inception was -31.30%, smaller than the maximum RWT drawdown of -88.91%. Use the drawdown chart below to compare losses from any high point for FBRT and RWT.
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Drawdown Indicators
| FBRT | RWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.30% | -88.91% | +57.61% |
Max Drawdown (1Y)Largest decline over 1 year | -23.51% | -21.22% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -30.02% | -33.79% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.40% | — |
Current DrawdownCurrent decline from peak | -27.65% | -59.40% | +31.75% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -45.59% | +34.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 10.58% | +1.24% |
Volatility
FBRT vs. RWT - Volatility Comparison
Franklin BSP Realty Trust, Inc. (FBRT) has a higher volatility of 9.11% compared to Redwood Trust, Inc. (RWT) at 7.87%. This indicates that FBRT's price experiences larger fluctuations and is considered to be riskier 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
| FBRT | RWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 7.87% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 29.25% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.62% | 36.13% | -9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.53% | 35.10% | -6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.53% | 49.05% | -20.52% |
Dividends
FBRT vs. RWT - Dividend Comparison
FBRT's dividend yield for the trailing twelve months is around 15.01%, more than RWT's 13.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
FBRT vs. RWT - Financials Comparison
This section allows you to compare key financial metrics between Franklin BSP Realty 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
FBRT and RWT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBRT has higher volatility (9.11%) compared to RWT (7.87%). In terms of maximum drawdown, FBRT dropped -31.30% vs RWT's -88.91%.
RWT currently has the higher Sharpe Ratio (0.13 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.
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