LADR vs. TRTX

Last updated Jun 20, 2026

LADR (Ladder Capital Corp) and TRTX (TPG RE Finance Trust, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 5 years, LADR returned 5.71%/yr vs 3.04%/yr for TRTX. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

LADR vs. TRTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ladder Capital Corp (LADR) and TPG RE Finance Trust, Inc. (TRTX). 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 TRTX's 7.90% 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%

TRTX

• 1D: 5.92%
• 1M: 8.73%
• YTD: 7.90%
• 6M: 4.17%
• 1Y: 27.67%
• 3Y*: 18.53%
• 5Y*: 3.04%
• 10Y*: —

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

LADR vs. TRTX - 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%	9.76%
TRTX TPG RE Finance Trust, Inc.	7.90%	13.50%	46.93%	9.71%	-38.40%	25.11%	-31.46%	20.90%	4.67%	0.80%

Correlation

The correlation between LADR and TRTX is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017	0.66

The correlation between LADR and TRTX has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Fundamentals

Market Cap LADR : $1.29B TRTX : $679.95M
EPS LADR : $0.44 TRTX : $0.78
PE Ratio LADR : 23.39 TRTX : 11.08
PS Ratio LADR : 3.21 TRTX : 2.57
PB Ratio LADR : 0.89 TRTX : 0.64
Total Revenue (TTM) LADR : $400.28M TRTX : $264.49M
Gross Profit (TTM) LADR : $284.72M TRTX : $207.51M
EBITDA (TTM) LADR : $276.22M TRTX : $195.60M

Return for Risk

LADR vs. TRTX — 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

TRTX

TRTX Risk / Return Rank: 74
TRTX Sharpe Ratio Rank: 79
TRTX Sortino Ratio Rank: 75
TRTX Omega Ratio Rank: 72
TRTX Calmar Ratio Rank: 73
TRTX Martin Ratio Rank: 73

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. TRTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ladder Capital Corp (LADR) and TPG RE Finance Trust, Inc. (TRTX). 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	TRTX	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.31	-1.04
Sortino ratio: Return per unit of downside risk	0.49	1.95	-1.46
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.33	1.75	-1.41
Martin ratio: Return relative to average drawdown	0.73	4.11	-3.38

LADR vs. TRTX - Sharpe Ratio Comparison

The current LADR Sharpe Ratio is 0.27, which is lower than the TRTX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of LADR and TRTX, 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. TRTX - Drawdown Comparison

The maximum LADR drawdown since its inception was -81.63%, smaller than the maximum TRTX drawdown of -86.18%. Use the drawdown chart below to compare losses from any high point for LADR and TRTX.

Drawdown Indicators

	LADR	TRTX	Difference
Max Drawdown Largest peak-to-trough decline	-81.63%	-86.18%	+4.55%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-15.90%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-20.22%	-30.01%	+9.79%
Max Drawdown (5Y) Largest decline over 5 years	-26.97%	-54.39%	+27.42%
Max Drawdown (10Y) Largest decline over 10 years	-81.63%	—	—
Current Drawdown Current decline from peak	-9.32%	-0.21%	-9.11%
Average Drawdown Average peak-to-trough decline	-18.28%	-20.93%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	6.75%	-0.09%

Volatility

LADR vs. TRTX - Volatility Comparison

The current volatility for Ladder Capital Corp (LADR) is 5.72%, while TPG RE Finance Trust, Inc. (TRTX) has a volatility of 7.56%. This indicates that LADR experiences smaller price fluctuations and is considered to be less risky than TRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LADR	TRTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	7.56%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	14.53%	15.71%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	21.30%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.76%	34.99%	-10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.24%	57.72%	-9.48%

Dividends

LADR vs. TRTX - Dividend Comparison

LADR's dividend yield for the trailing twelve months is around 9.02%, less than TRTX's 15.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TRTX TPG RE Finance Trust, Inc.	15.70%	11.15%	11.29%	14.77%	14.14%	7.71%	15.44%	8.49%	9.35%	3.73%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both LADR and TRTX in my portfolio?

LADR and TRTX have a correlation of 0.65, 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 TRTX?

TRTX has higher volatility (7.56%) compared to LADR (5.72%). In terms of maximum drawdown, LADR dropped -81.63% vs TRTX's -86.18%.

Which has better risk-adjusted returns?

TRTX currently has the higher Sharpe Ratio (1.31 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.