KREF vs. PFLT
KREF (KKR Real Estate Finance Trust Inc.) and PFLT (PennantPark Floating Rate Capital Ltd.) are both stocks. KREF operates in REIT - Mortgage (Real Estate), while PFLT operates in Asset Management (Financial Services). Over the past 5 years, KREF returned -10.87%/yr vs -1.47%/yr for PFLT. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
KREF vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, KREF achieves a -10.55% return, which is significantly higher than PFLT's -18.83% return.
KREF
- 1D
- -1.28%
- 1M
- -1.00%
- 6M
- -11.19%
- YTD
- -10.55%
- 1Y
- -14.12%
- 3Y*
- -7.47%
- 5Y*
- -10.87%
- 10Y*
- —
- ALL TIME*
- -1.98%
PFLT
- 1D
- -1.00%
- 1M
- -6.17%
- 6M
- -21.14%
- YTD
- -18.83%
- 1Y
- -23.65%
- 3Y*
- -4.27%
- 5Y*
- -1.47%
- 10Y*
- 4.35%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.73M | $8.76M | $7.87M | |
| $8.63M | $9.40M | $9.33M |
KREF vs. PFLT - 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% |
PFLT PennantPark Floating Rate Capital Ltd. | -18.83% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.70% |
Correlation
The correlation between KREF and PFLT is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 5, 2017 | 0.43 |
Fundamentals
KREF:
$447.53M
PFLT:
$688.57M
KREF:
-$2.95
PFLT:
$1.79
KREF:
1.32
PFLT:
2.00
KREF:
$341.29M
PFLT:
$229.78M
KREF:
$279.11M
PFLT:
$45.40M
KREF:
$159.07M
PFLT:
$38.59M
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Return for Risk
KREF vs. PFLT — Risk / Return Rank
KREF
PFLT
KREF vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR Real Estate Finance Trust Inc. (KREF) and PennantPark Floating Rate Capital Ltd. (PFLT). 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 | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.83 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.96 | +0.56 |
| Martin ratioReturn relative to average drawdown | -0.73 | -1.97 | +1.24 |
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Drawdowns
KREF vs. PFLT - Drawdown Comparison
The maximum KREF drawdown since its inception was -57.33%, smaller than the maximum PFLT drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for KREF and PFLT.
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Drawdown Indicators
| KREF | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.33% | -69.77% | +12.44% |
Max Drawdown (1Y)Largest decline over 1 year | -34.53% | -25.25% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -44.87% | -28.44% | -16.43% |
Max Drawdown (5Y)Largest decline over 5 years | -57.33% | -29.64% | -27.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.77% | — |
Current DrawdownCurrent decline from peak | -48.56% | -27.61% | -20.95% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -8.46% | -11.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.03% | 12.29% | +6.74% |
Volatility
KREF vs. PFLT - Volatility Comparison
KKR Real Estate Finance Trust Inc. (KREF) has a higher volatility of 9.79% compared to PennantPark Floating Rate Capital Ltd. (PFLT) at 6.65%. This indicates that KREF's price experiences larger fluctuations and is considered to be riskier than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KREF | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 6.65% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.10% | 18.40% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 22.03% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 21.45% | +8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.77% | 29.09% | +1.68% |
Dividends
KREF vs. PFLT - Dividend Comparison
KREF's dividend yield for the trailing twelve months is around 12.21%, less than PFLT's 17.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KREF KKR Real Estate Finance Trust Inc. | 12.21% | 12.17% | 9.90% | 13.00% | 12.32% | 9.53% | 9.60% | 8.42% | 8.83% | 4.95% | 0.00% | 0.00% |
PFLT PennantPark Floating Rate Capital Ltd. | 17.12% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Financials
KREF vs. PFLT - Financials Comparison
This section allows you to compare key financial metrics between KKR Real Estate Finance Trust Inc. and PennantPark Floating Rate Capital Ltd.. 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 PFLT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KREF has higher volatility (9.79%) compared to PFLT (6.65%). In terms of maximum drawdown, KREF dropped -57.33% vs PFLT's -69.77%.
KREF currently has the higher Sharpe Ratio (-0.45 vs -1.10), 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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