GPMT vs. TWO

Last updated Apr 4, 2026

Compare and contrast key facts about Granite Point Mortgage Trust Inc. (GPMT) and Two Harbors Investment Corp. (TWO).

Performance

GPMT vs. TWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Granite Point Mortgage Trust Inc. (GPMT) and Two Harbors Investment Corp. (TWO). The values are adjusted to include any dividend payments, if applicable.

GPMT vs. TWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPMT Granite Point Mortgage Trust Inc.	-43.04%	-7.03%	-49.00%	28.79%	-48.31%	26.55%	-41.53%	11.51%	11.09%	-3.01%
TWO Two Harbors Investment Corp.	12.81%	2.52%	-2.73%	2.31%	-23.25%	0.03%	-52.19%	28.73%	-10.33%	3.98%

Fundamentals

Market Cap GPMT : $62.58M TWO : $1.16B
EPS GPMT : -$0.94 TWO : -$4.36
PS Ratio GPMT : 0.55 TWO : 2.74
PB Ratio GPMT : 0.11 TWO : 0.98
Total Revenue (TTM) GPMT : $113.91M TWO : $422.76M
Gross Profit (TTM) GPMT : $61.81M TWO : $561.79M
EBITDA (TTM) GPMT : $18.28M TWO : $420.52M

Returns By Period

In the year-to-date period, GPMT achieves a -43.04% return, which is significantly lower than TWO's 12.81% return.

GPMT

• 1D: 1.54%
• 1M: -24.05%
• YTD: -43.04%
• 6M: -52.67%
• 1Y: -39.37%
• 3Y*: -28.41%
• 5Y*: -28.79%
• 10Y*: —

TWO

• 1D: 1.37%
• 1M: 15.69%
• YTD: 12.81%
• 6M: 20.75%
• 1Y: 2.32%
• 3Y*: 6.40%
• 5Y*: -5.71%
• 10Y*: -2.79%

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

Return for Risk

GPMT vs. TWO — Risk / Return Rank

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

GPMT

GPMT Risk / Return Rank: 9
GPMT Sharpe Ratio Rank: 9
GPMT Sortino Ratio Rank: 10
GPMT Omega Ratio Rank: 12
GPMT Calmar Ratio Rank: 12
GPMT Martin Ratio Rank: 1

TWO

TWO Risk / Return Rank: 38
TWO Sharpe Ratio Rank: 40
TWO Sortino Ratio Rank: 37
TWO Omega Ratio Rank: 37
TWO Calmar Ratio Rank: 38
TWO Martin Ratio Rank: 38

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.

GPMT vs. TWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Granite Point Mortgage Trust Inc. (GPMT) and Two Harbors Investment Corp. (TWO). 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.

	GPMT	TWO	Difference
Sharpe ratio Return per unit of total volatility	-0.77	0.01	-0.77
Sortino ratio Return per unit of downside risk	-1.05	0.33	-1.38
Omega ratio Gain probability vs. loss probability	0.88	1.04	-0.17
Calmar ratio Return relative to maximum drawdown	-0.77	-0.02	-0.75
Martin ratio Return relative to average drawdown	-1.94	-0.04	-1.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPMT vs. TWO - Sharpe Ratio Comparison

The current GPMT Sharpe Ratio is -0.77, which is lower than the TWO Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of GPMT and TWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPMT	TWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	0.01	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.67	-0.17	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.06	-0.28

Correlation

The correlation between GPMT and TWO is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GPMT vs. TWO - Dividend Comparison

GPMT's dividend yield for the trailing twelve months is around 15.15%, less than TWO's 16.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPMT Granite Point Mortgage Trust Inc.	15.15%	8.33%	10.75%	13.47%	17.72%	8.54%	6.51%	9.14%	8.99%	3.95%	0.00%	0.00%
TWO Two Harbors Investment Corp.	16.73%	15.52%	15.22%	15.08%	12.94%	11.79%	7.85%	11.42%	14.64%	23.31%	10.67%	12.84%

Drawdowns

GPMT vs. TWO - Drawdown Comparison

The maximum GPMT drawdown since its inception was -87.96%, roughly equal to the maximum TWO drawdown of -84.71%. Use the drawdown chart below to compare losses from any high point for GPMT and TWO.

Drawdown Indicators

	GPMT	TWO	Difference
Max Drawdown Largest peak-to-trough decline	-87.96%	-84.71%	-3.25%
Max Drawdown (1Y) Largest decline over 1 year	-54.89%	-36.81%	-18.08%
Max Drawdown (5Y) Largest decline over 5 years	-85.94%	-57.23%	-28.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-84.71%	—
Current Drawdown Current decline from peak	-86.91%	-60.98%	-25.93%
Average Drawdown Average peak-to-trough decline	-39.76%	-28.25%	-11.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.82%	17.21%	+4.61%

Volatility

GPMT vs. TWO - Volatility Comparison

The current volatility for Granite Point Mortgage Trust Inc. (GPMT) is 11.90%, while Two Harbors Investment Corp. (TWO) has a volatility of 16.76%. This indicates that GPMT experiences smaller price fluctuations and is considered to be less risky than TWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPMT	TWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.90%	16.76%	-4.86%
Volatility (6M) Calculated over the trailing 6-month period	32.95%	36.77%	-3.82%
Volatility (1Y) Calculated over the trailing 1-year period	56.31%	43.20%	+13.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.02%	33.57%	+9.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.22%	47.90%	+38.32%

Financials

GPMT vs. TWO - Profitability Comparison

The chart below illustrates the profitability comparison between Granite Point Mortgage Trust Inc. and Two Harbors Investment Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GPMT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Granite Point Mortgage Trust Inc. reported a gross profit of 24.76M and revenue of 29.06M. Therefore, the gross margin over that period was 85.2%.

TWO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Two Harbors Investment Corp. reported a gross profit of 218.01M and revenue of 221.39M. Therefore, the gross margin over that period was 98.5%.

GPMT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Granite Point Mortgage Trust Inc. reported an operating income of 0.00 and revenue of 29.06M, resulting in an operating margin of 0.0%.

TWO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Two Harbors Investment Corp. reported an operating income of 122.70M and revenue of 221.39M, resulting in an operating margin of 55.4%.

GPMT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Granite Point Mortgage Trust Inc. reported a net income of -27.41M and revenue of 29.06M, resulting in a net margin of -94.3%.

TWO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Two Harbors Investment Corp. reported a net income of 11.72M and revenue of 221.39M, resulting in a net margin of 5.3%.