ORC vs. ARI

Last updated Jun 20, 2026

ORC (Orchid Island Capital, Inc.) and ARI (Apollo Commercial Real Estate Finance, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, ORC returned -3.30%/yr vs 7.52%/yr for ARI. At a 0.49 correlation, their price movements are largely independent.

Performance

ORC vs. ARI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Orchid Island Capital, Inc. (ORC) and Apollo Commercial Real Estate Finance, Inc. (ARI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORC achieves a 0.49% return, which is significantly lower than ARI's 14.60% return. Over the past 10 years, ORC has underperformed ARI with an annualized return of -3.30%, while ARI has yielded a comparatively higher 7.52% annualized return.

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%

ARI

• 1D: 1.03%
• 1M: -1.37%
• YTD: 14.60%
• 6M: 13.46%
• 1Y: 22.16%
• 3Y*: 10.54%
• 5Y*: 4.00%
• 10Y*: 7.52%

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

ORC vs. ARI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
ARI Apollo Commercial Real Estate Finance, Inc.	14.60%	23.83%	-16.51%	24.46%	-7.12%	29.66%	-29.03%	21.15%	-0.03%	22.51%

Correlation

The correlation between ORC and ARI is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013	0.49

The correlation between ORC and ARI shifts across timeframes, from 0.49 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ORC : $1.27B ARI : $1.51B
EPS ORC : $0.85 ARI : $0.91
PE Ratio ORC : 7.85 ARI : 11.89
PEG Ratio ORC : 0.03 ARI : 0.00
PS Ratio ORC : 5.61 ARI : 2.54
PB Ratio ORC : 0.91 ARI : 0.84
Total Revenue (TTM) ORC : $181.13M ARI : $595.26M
Gross Profit (TTM) ORC : $87.42M ARI : $429.14M
EBITDA (TTM) ORC : $197.11M ARI : $372.79M

Return for Risk

ORC vs. ARI — Risk / Return Rank

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

ORC

ORC Risk / Return Rank: 61
ORC Sharpe Ratio Rank: 66
ORC Sortino Ratio Rank: 58
ORC Omega Ratio Rank: 57
ORC Calmar Ratio Rank: 62
ORC Martin Ratio Rank: 63

ARI

ARI Risk / Return Rank: 74
ARI Sharpe Ratio Rank: 76
ARI Sortino Ratio Rank: 73
ARI Omega Ratio Rank: 68
ARI Calmar Ratio Rank: 78
ARI 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.

ORC vs. ARI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Orchid Island Capital, Inc. (ORC) and Apollo Commercial Real Estate Finance, Inc. (ARI). 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.

	ORC	ARI	Difference
Sharpe ratio: Return per unit of total volatility	0.73	1.17	-0.44
Sortino ratio: Return per unit of downside risk	1.11	1.79	-0.68
Omega ratio: Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio: Return relative to maximum drawdown	0.94	2.22	-1.28
Martin ratio: Return relative to average drawdown	2.14	4.97	-2.83

ORC vs. ARI - Sharpe Ratio Comparison

The current ORC Sharpe Ratio is 0.73, which is lower than the ARI Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of ORC and ARI, 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

ORC vs. ARI - Drawdown Comparison

The maximum ORC drawdown since its inception was -75.77%, roughly equal to the maximum ARI drawdown of -77.39%. Use the drawdown chart below to compare losses from any high point for ORC and ARI.

Drawdown Indicators

	ORC	ARI	Difference
Max Drawdown Largest peak-to-trough decline	-75.77%	-77.39%	+1.62%
Max Drawdown (1Y) Largest decline over 1 year	-16.58%	-10.04%	-6.54%
Max Drawdown (3Y) Largest decline over 3 years	-43.06%	-24.73%	-18.33%
Max Drawdown (5Y) Largest decline over 5 years	-65.50%	-40.95%	-24.55%
Max Drawdown (10Y) Largest decline over 10 years	-75.77%	-77.39%	+1.62%
Current Drawdown Current decline from peak	-45.82%	-3.48%	-42.34%
Average Drawdown Average peak-to-trough decline	-28.85%	-9.04%	-19.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.28%	4.47%	+2.81%

Volatility

ORC vs. ARI - Volatility Comparison

Orchid Island Capital, Inc. (ORC) has a higher volatility of 6.40% compared to Apollo Commercial Real Estate Finance, Inc. (ARI) at 4.36%. This indicates that ORC's price experiences larger fluctuations and is considered to be riskier than ARI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORC	ARI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	4.36%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	17.76%	13.69%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	19.06%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.78%	30.73%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.71%	43.99%	-6.28%

Dividends

ORC vs. ARI - Dividend Comparison

ORC's dividend yield for the trailing twelve months is around 20.90%, more than ARI's 9.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARI Apollo Commercial Real Estate Finance, Inc.	9.23%	10.33%	13.86%	11.93%	13.01%	10.64%	12.98%	10.06%	11.04%	9.97%	11.07%	10.33%
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

Frequently Asked Questions

Can I hold both ORC and ARI in my portfolio?

ORC and ARI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ORC or ARI?

ORC has higher volatility (6.40%) compared to ARI (4.36%). In terms of maximum drawdown, ORC dropped -75.77% vs ARI's -77.39%.

Which has better risk-adjusted returns?

ARI currently has the higher Sharpe Ratio (1.17 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.