IVR vs. CIM

Last updated Jun 4, 2026

IVR (Invesco Mortgage Capital Inc.) and CIM (Chimera Investment Corporation) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, IVR returned -11.91%/yr vs -1.22%/yr for CIM. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

IVR vs. CIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Mortgage Capital Inc. (IVR) and Chimera Investment Corporation (CIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVR achieves a -0.24% return, which is significantly lower than CIM's 9.61% return. Over the past 10 years, IVR has underperformed CIM with an annualized return of -11.91%, while CIM has yielded a comparatively higher -1.22% annualized return.

IVR

• 1D: -0.38%
• 1M: -1.73%
• YTD: -0.24%
• 6M: 6.90%
• 1Y: 27.80%
• 3Y*: 7.87%
• 5Y*: -10.88%
• 10Y*: -11.91%

CIM

• 1D: -2.95%
• 1M: -3.60%
• YTD: 9.61%
• 6M: 8.26%
• 1Y: 10.98%
• 3Y*: 5.92%
• 5Y*: -11.53%
• 10Y*: -1.22%

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

IVR vs. CIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVR Invesco Mortgage Capital Inc.	-0.24%	24.87%	9.03%	-14.30%	-44.56%	-9.34%	-72.54%	28.97%	-6.81%	34.61%
CIM Chimera Investment Corporation	9.61%	-0.65%	3.61%	2.95%	-57.95%	60.73%	-42.97%	27.65%	7.71%	17.30%

Correlation

The correlation between IVR and CIM is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 2, 2009	0.59

The correlation between IVR and CIM shifts across timeframes, from 0.59 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS IVR : $1.64 CIM : $0.23
PE Ratio IVR : 4.75 CIM : 56.28
PEG Ratio IVR : 0.31 CIM : 0.12
PS Ratio IVR : 1.80 CIM : 2.17
Total Revenue (TTM) IVR : $215.91M CIM : $499.18M
Gross Profit (TTM) IVR : $138.51M CIM : $465.68M
EBITDA (TTM) IVR : $246.65M CIM : $439.34M

Return for Risk

IVR vs. CIM — Risk / Return Rank

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

IVR

IVR Risk / Return Rank: 73
IVR Sharpe Ratio Rank: 76
IVR Sortino Ratio Rank: 72
IVR Omega Ratio Rank: 70
IVR Calmar Ratio Rank: 71
IVR Martin Ratio Rank: 74

CIM

CIM Risk / Return Rank: 52
CIM Sharpe Ratio Rank: 56
CIM Sortino Ratio Rank: 48
CIM Omega Ratio Rank: 48
CIM Calmar Ratio Rank: 54
CIM Martin Ratio Rank: 56

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.

IVR vs. CIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Mortgage Capital Inc. (IVR) and Chimera Investment Corporation (CIM). 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.

	IVR	CIM	Difference
Sharpe ratio Return per unit of total volatility	1.24	0.44	+0.81
Sortino ratio Return per unit of downside risk	1.87	0.77	+1.10
Omega ratio Gain probability vs. loss probability	1.23	1.10	+0.13
Calmar ratio Return relative to maximum drawdown	1.69	0.61	+1.08
Martin ratio Return relative to average drawdown	4.73	1.48	+3.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVR vs. CIM - Sharpe Ratio Comparison

The current IVR Sharpe Ratio is 1.24, which is higher than the CIM Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of IVR and CIM, 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

	IVR	CIM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	0.44	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	-0.33	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.21	-0.03	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.05	-0.02

Drawdowns

IVR vs. CIM - Drawdown Comparison

The maximum IVR drawdown since its inception was -92.55%, roughly equal to the maximum CIM drawdown of -89.69%. Use the drawdown chart below to compare losses from any high point for IVR and CIM.

Drawdown Indicators

	IVR	CIM	Difference
Max Drawdown Largest peak-to-trough decline	-92.55%	-89.69%	-2.86%
Max Drawdown (1Y) Largest decline over 1 year	-16.54%	-18.18%	+1.64%
Max Drawdown (3Y) Largest decline over 3 years	-45.38%	-35.80%	-9.58%
Max Drawdown (5Y) Largest decline over 5 years	-77.65%	-69.09%	-8.56%
Max Drawdown (10Y) Largest decline over 10 years	-92.55%	-72.35%	-20.20%
Current Drawdown Current decline from peak	-85.35%	-59.94%	-25.41%
Average Drawdown Average peak-to-trough decline	-35.82%	-51.74%	+15.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	7.45%	-1.55%

Volatility

IVR vs. CIM - Volatility Comparison

The current volatility for Invesco Mortgage Capital Inc. (IVR) is 4.38%, while Chimera Investment Corporation (CIM) has a volatility of 4.93%. This indicates that IVR experiences smaller price fluctuations and is considered to be less risky than CIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVR	CIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	4.93%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	17.36%	17.80%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	22.60%	25.31%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.38%	35.25%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.15%	36.47%	+19.68%

Dividends

IVR vs. CIM - Dividend Comparison

IVR's dividend yield for the trailing twelve months is around 21.03%, more than CIM's 11.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIM Chimera Investment Corporation	11.87%	11.91%	10.14%	14.03%	20.36%	8.55%	13.66%	9.73%	11.22%	8.12%	14.34%	28.15%
IVR Invesco Mortgage Capital Inc.	21.03%	16.41%	19.88%	25.40%	26.32%	12.59%	31.66%	11.11%	14.95%	9.14%	10.96%	13.72%

Financials

Frequently Asked Questions

Can I hold both IVR and CIM in my portfolio?

IVR and CIM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVR or CIM?

CIM has higher volatility (4.93%) compared to IVR (4.38%). In terms of maximum drawdown, IVR dropped -92.55% vs CIM's -89.69%.

Which has better risk-adjusted returns?

IVR currently has the higher Sharpe Ratio (1.24 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.