NLY vs. ORC
NLY (Annaly Capital Management, Inc.) and ORC (Orchid Island Capital, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, NLY returned 6.01%/yr vs -3.30%/yr for ORC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
NLY vs. ORC - Performance Comparison
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Returns By Period
In the year-to-date period, NLY achieves a 2.71% return, which is significantly higher than ORC's 0.49% return. Over the past 10 years, NLY has outperformed ORC with an annualized return of 6.01%, while ORC has yielded a comparatively lower -3.30% annualized return.
NLY
- 1D
- 0.23%
- 1M
- 3.01%
- YTD
- 2.71%
- 6M
- 4.34%
- 1Y
- 32.55%
- 3Y*
- 17.28%
- 5Y*
- 3.59%
- 10Y*
- 6.01%
ORC
- 1D
- 1.36%
- 1M
- 0.26%
- YTD
- 0.49%
- 6M
- 0.23%
- 1Y
- 15.51%
- 3Y*
- 4.64%
- 5Y*
- -8.40%
- 10Y*
- -3.30%
NLY vs. ORC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLY Annaly Capital Management, Inc. | 2.71% | 40.00% | 8.07% | 4.94% | -21.41% | 2.48% | 2.38% | 7.22% | -7.22% | 31.92% |
ORC Orchid Island Capital, Inc. | 0.49% | 12.66% | 9.87% | -3.10% | -41.63% | 0.07% | 4.75% | 6.68% | -20.38% | 1.07% |
Correlation
The correlation between NLY and ORC is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.57 |
The correlation between NLY and ORC shifts across timeframes, from 0.57 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NLY:
$16.09B
ORC:
$1.27B
NLY:
$3.28
ORC:
$0.85
NLY:
6.77
ORC:
7.85
NLY:
2.84
ORC:
5.61
NLY:
1.11
ORC:
0.91
NLY:
$5.21B
ORC:
$181.13M
NLY:
$5.17B
ORC:
$87.42M
NLY:
$5.65B
ORC:
$197.11M
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Return for Risk
NLY vs. ORC — Risk / Return Rank
NLY
ORC
NLY vs. ORC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Annaly Capital Management, Inc. (NLY) and Orchid Island Capital, Inc. (ORC). 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 | ORC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.14 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.94 | +1.26 |
| Martin ratioReturn relative to average drawdown | 6.39 | 2.14 | +4.25 |
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Drawdowns
NLY vs. ORC - Drawdown Comparison
The maximum NLY drawdown since its inception was -60.09%, smaller than the maximum ORC drawdown of -75.77%. Use the drawdown chart below to compare losses from any high point for NLY and ORC.
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Drawdown Indicators
| NLY | ORC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.09% | -75.77% | +15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -16.58% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -43.06% | +16.36% |
Max Drawdown (5Y)Largest decline over 5 years | -50.46% | -65.50% | +15.04% |
Max Drawdown (10Y)Largest decline over 10 years | -60.09% | -75.77% | +15.68% |
Current DrawdownCurrent decline from peak | -5.88% | -45.82% | +39.94% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -28.85% | +15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 7.28% | -2.17% |
Volatility
NLY vs. ORC - Volatility Comparison
Annaly Capital Management, Inc. (NLY) and Orchid Island Capital, Inc. (ORC) have volatilities of 6.36% and 6.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLY | ORC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 6.40% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 17.76% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 21.41% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 29.78% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.15% | 37.71% | -9.56% |
Dividends
NLY vs. ORC - Dividend Comparison
NLY's dividend yield for the trailing twelve months is around 12.61%, less than ORC's 20.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLY Annaly Capital Management, Inc. | 12.61% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
ORC Orchid Island Capital, Inc. | 20.90% | 20.00% | 18.51% | 21.35% | 29.67% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% |
Financials
NLY vs. ORC - Financials Comparison
This section allows you to compare key financial metrics between Annaly Capital Management, Inc. and Orchid Island Capital, 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
NLY and ORC have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORC has higher volatility (6.40%) compared to NLY (6.36%). In terms of maximum drawdown, NLY dropped -60.09% vs ORC's -75.77%.
NLY currently has the higher Sharpe Ratio (1.71 vs 0.73), 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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