NLY vs. AIPI
NLY (Annaly Capital Management, Inc.) is a stock, while AIPI (REX AI Equity Premium Income ETF) is Derivative Income fund actively managed by REX. Over the past year, NLY returned 29.27% vs 22.46% for AIPI. At a 0.29 correlation, their price movements are largely independent.
Performance
NLY vs. AIPI - Performance Comparison
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Returns By Period
In the year-to-date period, NLY achieves a 1.74% return, which is significantly lower than AIPI's 6.90% return.
NLY
- 1D
- -0.05%
- 1M
- -0.72%
- YTD
- 1.74%
- 6M
- 5.83%
- 1Y
- 29.27%
- 3Y*
- 16.65%
- 5Y*
- 2.68%
- 10Y*
- 5.96%
AIPI
- 1D
- -0.32%
- 1M
- 3.48%
- YTD
- 6.90%
- 6M
- 6.01%
- 1Y
- 22.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLY vs. AIPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NLY Annaly Capital Management, Inc. | 1.74% | 40.00% | 1.62% |
AIPI REX AI Equity Premium Income ETF | 6.90% | 16.38% | 15.79% |
Correlation
The correlation between NLY and AIPI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.29 |
The correlation between NLY and AIPI shifts across timeframes, from 0.18 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NLY vs. AIPI — Risk / Return Rank
NLY
AIPI
NLY vs. AIPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Annaly Capital Management, Inc. (NLY) and REX AI Equity Premium Income ETF (AIPI). 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.
| NLY | AIPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.57 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.80 | 4.82 | +0.98 |
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Drawdowns
NLY vs. AIPI - Drawdown Comparison
The maximum NLY drawdown since its inception was -60.09%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for NLY and AIPI.
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Drawdown Indicators
| NLY | AIPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.09% | -25.25% | -34.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -14.40% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.09% | — | — |
Current DrawdownCurrent decline from peak | -6.77% | -4.20% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -4.64% | -9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 4.67% | +0.40% |
Volatility
NLY vs. AIPI - Volatility Comparison
Annaly Capital Management, Inc. (NLY) has a higher volatility of 6.20% compared to REX AI Equity Premium Income ETF (AIPI) at 5.30%. This indicates that NLY's price experiences larger fluctuations and is considered to be riskier than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLY | AIPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 5.30% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 13.53% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 16.36% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 21.42% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.14% | 21.42% | +6.72% |
Dividends
NLY vs. AIPI - Dividend Comparison
NLY's dividend yield for the trailing twelve months is around 12.73%, less than AIPI's 36.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIPI REX AI Equity Premium Income ETF | 36.97% | 37.84% | 18.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLY Annaly Capital Management, Inc. | 12.73% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
Frequently Asked Questions
NLY and AIPI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLY has higher volatility (6.20%) compared to AIPI (5.30%). In terms of maximum drawdown, NLY dropped -60.09% vs AIPI's -25.25%.
NLY currently has the higher Sharpe Ratio (1.54 vs 1.38), 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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