GPMT vs. IWN
GPMT (Granite Point Mortgage Trust Inc.) is a stock, while IWN (iShares Russell 2000 Value ETF) is Small Cap Value Equities fund tracking the Russell 2000 Value Index. Over the past 5 years, GPMT returned -30.04%/yr vs 8.00%/yr for IWN. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
GPMT vs. IWN - Performance Comparison
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Returns By Period
In the year-to-date period, GPMT achieves a -35.70% return, which is significantly lower than IWN's 22.89% return.
GPMT
- 1D
- 5.67%
- 1M
- 2.05%
- YTD
- -35.70%
- 6M
- -34.61%
- 1Y
- -33.51%
- 3Y*
- -28.37%
- 5Y*
- -30.04%
- 10Y*
- —
IWN
- 1D
- -0.07%
- 1M
- 3.84%
- YTD
- 22.89%
- 6M
- 21.24%
- 1Y
- 42.69%
- 3Y*
- 18.43%
- 5Y*
- 8.00%
- 10Y*
- 10.64%
GPMT vs. IWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPMT Granite Point Mortgage Trust Inc. | -35.70% | -7.03% | -49.00% | 28.79% | -48.31% | 26.55% | -41.53% | 11.51% | 11.09% | 0.98% |
IWN iShares Russell 2000 Value ETF | 22.89% | 12.40% | 7.63% | 14.56% | -14.77% | 27.96% | 4.66% | 22.01% | -13.01% | 8.91% |
Correlation
The correlation between GPMT and IWN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2017 | 0.57 |
Over the past year, the correlation between GPMT and IWN has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
GPMT vs. IWN — Risk / Return Rank
GPMT
IWN
GPMT vs. IWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Granite Point Mortgage Trust Inc. (GPMT) and iShares Russell 2000 Value ETF (IWN). 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.
| GPMT | IWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.41 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 5.08 | -5.69 |
| Martin ratioReturn relative to average drawdown | -1.07 | 17.08 | -18.14 |
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Drawdowns
GPMT vs. IWN - Drawdown Comparison
The maximum GPMT drawdown since its inception was -87.96%, which is greater than IWN's maximum drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for GPMT and IWN.
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Drawdown Indicators
| GPMT | IWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.96% | -61.55% | -26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -54.89% | -8.45% | -46.44% |
Max Drawdown (3Y)Largest decline over 3 years | -74.35% | -26.70% | -47.65% |
Max Drawdown (5Y)Largest decline over 5 years | -85.60% | -26.70% | -58.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.08% | — |
Current DrawdownCurrent decline from peak | -85.22% | -0.07% | -85.15% |
Average DrawdownAverage peak-to-trough decline | -40.94% | -10.13% | -30.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.45% | 2.51% | +28.94% |
Volatility
GPMT vs. IWN - Volatility Comparison
Granite Point Mortgage Trust Inc. (GPMT) has a higher volatility of 12.37% compared to iShares Russell 2000 Value ETF (IWN) at 5.12%. This indicates that GPMT's price experiences larger fluctuations and is considered to be riskier than IWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPMT | IWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.37% | 5.12% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 37.61% | 12.28% | +25.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.10% | 17.93% | +27.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.96% | 21.40% | +22.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.45% | 23.35% | +62.10% |
Dividends
GPMT vs. IWN - Dividend Comparison
GPMT's dividend yield for the trailing twelve months is around 13.42%, more than IWN's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPMT Granite Point Mortgage Trust Inc. | 13.42% | 8.33% | 10.75% | 13.47% | 17.72% | 8.54% | 6.51% | 9.14% | 8.99% | 3.95% | 0.00% | 0.00% |
IWN iShares Russell 2000 Value ETF | 1.44% | 1.70% | 1.80% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% |
Frequently Asked Questions
GPMT and IWN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPMT has higher volatility (12.37%) compared to IWN (5.12%). In terms of maximum drawdown, GPMT dropped -87.96% vs IWN's -61.55%.
IWN currently has the higher Sharpe Ratio (2.40 vs -0.75), 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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