LADR vs. DX

Last updated Jun 20, 2026

LADR (Ladder Capital Corp) and DX (Dynex Capital, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, LADR returned 6.25%/yr vs 7.57%/yr for DX. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

LADR vs. DX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ladder Capital Corp (LADR) and Dynex Capital, Inc. (DX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LADR achieves a -4.97% return, which is significantly lower than DX's 0.54% return. Over the past 10 years, LADR has underperformed DX with an annualized return of 6.25%, while DX has yielded a comparatively higher 7.57% annualized return.

LADR

• 1D: 0.89%
• 1M: 1.90%
• YTD: -4.97%
• 6M: -6.32%
• 1Y: 4.88%
• 3Y*: 7.11%
• 5Y*: 5.71%
• 10Y*: 6.25%

DX

• 1D: 0.08%
• 1M: 2.83%
• YTD: 0.54%
• 6M: 1.85%
• 1Y: 25.07%
• 3Y*: 17.21%
• 5Y*: 5.09%
• 10Y*: 7.57%

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

LADR vs. DX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LADR Ladder Capital Corp	-4.97%	6.69%	5.53%	25.22%	-8.95%	31.28%	-40.80%	26.36%	24.54%	8.52%
DX Dynex Capital, Inc.	0.54%	29.48%	13.64%	11.91%	-15.39%	2.25%	17.09%	11.12%	-8.46%	13.80%

Correlation

The correlation between LADR and DX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Feb 6, 2014	0.51

The correlation between LADR and DX shifts across timeframes, from 0.46 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LADR : $1.29B DX : $2.61B
EPS LADR : $0.44 DX : $1.59
PE Ratio LADR : 23.39 DX : 8.20
PS Ratio LADR : 3.21 DX : 2.85
PB Ratio LADR : 0.89 DX : 1.00
Total Revenue (TTM) LADR : $400.28M DX : $695.85M
Gross Profit (TTM) LADR : $284.72M DX : $695.85M
EBITDA (TTM) LADR : $276.22M DX : $900.29M

Return for Risk

LADR vs. DX — Risk / Return Rank

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

LADR

LADR Risk / Return Rank: 47
LADR Sharpe Ratio Rank: 52
LADR Sortino Ratio Rank: 43
LADR Omega Ratio Rank: 42
LADR Calmar Ratio Rank: 50
LADR Martin Ratio Rank: 51

DX

DX Risk / Return Rank: 76
DX Sharpe Ratio Rank: 81
DX Sortino Ratio Rank: 77
DX Omega Ratio Rank: 75
DX Calmar Ratio Rank: 72
DX Martin Ratio Rank: 76

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.

LADR vs. DX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ladder Capital Corp (LADR) and Dynex Capital, Inc. (DX). 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.

	LADR	DX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.43	-1.16
Sortino ratio: Return per unit of downside risk	0.49	2.02	-1.53
Omega ratio: Gain probability vs. loss probability	1.06	1.25	-0.19
Calmar ratio: Return relative to maximum drawdown	0.33	1.65	-1.32
Martin ratio: Return relative to average drawdown	0.73	4.98	-4.25

LADR vs. DX - Sharpe Ratio Comparison

The current LADR Sharpe Ratio is 0.27, which is lower than the DX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of LADR and DX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LADR vs. DX - Drawdown Comparison

The maximum LADR drawdown since its inception was -81.63%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for LADR and DX.

Drawdown Indicators

	LADR	DX	Difference
Max Drawdown Largest peak-to-trough decline	-81.63%	-99.12%	+17.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-15.27%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.22%	-25.81%	+5.59%
Max Drawdown (5Y) Largest decline over 5 years	-26.97%	-35.98%	+9.01%
Max Drawdown (10Y) Largest decline over 10 years	-81.63%	-56.76%	-24.87%
Current Drawdown Current decline from peak	-9.32%	-31.19%	+21.87%
Average Drawdown Average peak-to-trough decline	-18.28%	-56.78%	+38.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	5.04%	+1.62%

Volatility

LADR vs. DX - Volatility Comparison

Ladder Capital Corp (LADR) has a higher volatility of 5.72% compared to Dynex Capital, Inc. (DX) at 5.16%. This indicates that LADR's price experiences larger fluctuations and is considered to be riskier than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LADR	DX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	5.16%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	14.53%	13.78%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	17.67%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.76%	23.85%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.24%	29.88%	+18.36%

Dividends

LADR vs. DX - Dividend Comparison

LADR's dividend yield for the trailing twelve months is around 9.02%, less than DX's 15.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DX Dynex Capital, Inc.	15.62%	14.13%	11.46%	12.46%	12.26%	9.34%	9.33%	11.87%	12.59%	10.27%	12.32%	15.12%
LADR Ladder Capital Corp	9.02%	8.37%	8.22%	7.99%	8.76%	6.67%	9.61%	7.54%	9.92%	8.91%	9.37%	17.91%

Financials

LADR vs. DX - Profitability Comparison

The chart below illustrates the profitability comparison between Ladder Capital Corp and Dynex Capital, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LADR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ladder Capital Corp reported a gross profit of 73.11M and revenue of 103.34M. Therefore, the gross margin over that period was 70.8%.

DX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a gross profit of 257.39M and revenue of 257.39M. Therefore, the gross margin over that period was 100.0%.

LADR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ladder Capital Corp reported an operating income of 54.63M and revenue of 103.34M, resulting in an operating margin of 52.9%.

DX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported an operating income of 236.91M and revenue of 257.39M, resulting in an operating margin of 92.0%.

LADR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ladder Capital Corp reported a net income of 2.61M and revenue of 103.34M, resulting in a net margin of 2.5%.

DX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a net income of -80.36M and revenue of 257.39M, resulting in a net margin of -31.2%.

Frequently Asked Questions

Can I hold both LADR and DX in my portfolio?

LADR and DX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LADR or DX?

LADR has higher volatility (5.72%) compared to DX (5.16%). In terms of maximum drawdown, LADR dropped -81.63% vs DX's -99.12%.

Which has better risk-adjusted returns?

DX currently has the higher Sharpe Ratio (1.43 vs 0.27), 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.