KREF vs. ARR
KREF (KKR Real Estate Finance Trust Inc.) and ARR (ARMOUR Residential REIT, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 5 years, KREF returned -11.22%/yr vs -7.09%/yr for ARR. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
KREF vs. ARR - Performance Comparison
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Returns By Period
In the year-to-date period, KREF achieves a -10.55% return, which is significantly lower than ARR's 2.82% return.
KREF
- 1D
- 3.82%
- 1M
- 10.66%
- YTD
- -10.55%
- 6M
- -10.44%
- 1Y
- -13.39%
- 3Y*
- -6.88%
- 5Y*
- -11.22%
- 10Y*
- —
ARR
- 1D
- 0.48%
- 1M
- 3.21%
- YTD
- 2.82%
- 6M
- 4.53%
- 1Y
- 20.14%
- 3Y*
- 2.67%
- 5Y*
- -7.09%
- 10Y*
- -3.83%
KREF vs. ARR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KREF KKR Real Estate Finance Trust Inc. | -10.55% | -9.25% | -15.80% | 9.15% | -25.89% | 27.86% | -2.82% | 16.15% | 4.26% | -0.09% |
ARR ARMOUR Residential REIT, Inc. | 2.82% | 11.69% | 13.17% | -15.43% | -32.01% | 1.11% | -33.13% | -2.07% | -11.97% | 9.11% |
Correlation
The correlation between KREF and ARR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 5, 2017 | 0.52 |
Over the past year, the correlation between KREF and ARR has dropped to 0.32 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Fundamentals
KREF:
$456.59M
ARR:
$2.00B
KREF:
-$1.58
ARR:
$2.29
KREF:
1.27
ARR:
1.88
KREF:
0.42
ARR:
0.86
KREF:
$366.11M
ARR:
$937.04M
KREF:
$298.61M
ARR:
$907.29M
KREF:
$197.55M
ARR:
$800.90M
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Return for Risk
KREF vs. ARR — Risk / Return Rank
KREF
ARR
KREF vs. ARR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Real Estate Finance Trust Inc. (KREF) and ARMOUR Residential REIT, Inc. (ARR). 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.
| KREF | ARR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.16 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.20 | -1.59 |
| Martin ratioReturn relative to average drawdown | -0.75 | 3.33 | -4.07 |
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Drawdowns
KREF vs. ARR - Drawdown Comparison
The maximum KREF drawdown since its inception was -57.33%, smaller than the maximum ARR drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for KREF and ARR.
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Drawdown Indicators
| KREF | ARR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.33% | -80.12% | +22.79% |
Max Drawdown (1Y)Largest decline over 1 year | -34.53% | -16.79% | -17.74% |
Max Drawdown (3Y)Largest decline over 3 years | -44.87% | -45.79% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -57.33% | -65.42% | +8.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -78.34% | — |
Current DrawdownCurrent decline from peak | -48.56% | -61.65% | +13.09% |
Average DrawdownAverage peak-to-trough decline | -19.64% | -33.18% | +13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.96% | 6.07% | +11.89% |
Volatility
KREF vs. ARR - Volatility Comparison
KKR Real Estate Finance Trust Inc. (KREF) has a higher volatility of 9.95% compared to ARMOUR Residential REIT, Inc. (ARR) at 6.21%. This indicates that KREF's price experiences larger fluctuations and is considered to be riskier than ARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KREF | ARR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 6.21% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 25.44% | 18.13% | +7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.99% | 23.79% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.06% | 29.09% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.75% | 34.24% | -3.49% |
Dividends
KREF vs. ARR - Dividend Comparison
KREF's dividend yield for the trailing twelve months is around 14.16%, less than ARR's 17.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARR ARMOUR Residential REIT, Inc. | 17.18% | 16.28% | 15.27% | 25.88% | 21.31% | 12.23% | 11.12% | 12.09% | 11.12% | 8.86% | 13.92% | 17.88% |
KREF KKR Real Estate Finance Trust Inc. | 14.16% | 12.17% | 9.90% | 13.00% | 12.32% | 9.53% | 9.60% | 8.42% | 8.83% | 4.95% | 0.00% | 0.00% |
Financials
KREF vs. ARR - Financials Comparison
This section allows you to compare key financial metrics between KKR Real Estate Finance Trust Inc. and ARMOUR Residential REIT, 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
KREF and ARR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KREF has higher volatility (9.95%) compared to ARR (6.21%). In terms of maximum drawdown, KREF dropped -57.33% vs ARR's -80.12%.
ARR currently has the higher Sharpe Ratio (0.85 vs -0.45), 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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