PMT vs. BXMT
PMT (PennyMac Mortgage Investment Trust) and BXMT (Blackstone Mortgage Trust, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, PMT returned 7.38%/yr vs 5.02%/yr for BXMT. At a 0.46 correlation, their price movements are largely independent.
Performance
PMT vs. BXMT - Performance Comparison
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Returns By Period
In the year-to-date period, PMT achieves a -10.83% return, which is significantly lower than BXMT's -3.07% return. Over the past 10 years, PMT has outperformed BXMT with an annualized return of 7.38%, while BXMT has yielded a comparatively lower 5.02% annualized return.
PMT
- 1D
- 1.89%
- 1M
- 3.03%
- YTD
- -10.83%
- 6M
- -12.41%
- 1Y
- -0.41%
- 3Y*
- 5.47%
- 5Y*
- -0.97%
- 10Y*
- 7.38%
BXMT
- 1D
- 1.46%
- 1M
- 0.72%
- YTD
- -3.07%
- 6M
- -5.60%
- 1Y
- 3.30%
- 3Y*
- 7.73%
- 5Y*
- -0.89%
- 10Y*
- 5.02%
PMT vs. BXMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMT PennyMac Mortgage Investment Trust | -10.83% | 13.23% | -5.38% | 36.11% | -18.07% | 8.47% | -12.99% | 30.33% | 28.04% | 9.42% |
BXMT Blackstone Mortgage Trust, Inc. | -3.07% | 21.13% | -7.90% | 13.46% | -24.03% | 20.27% | -17.83% | 25.16% | 6.95% | 15.77% |
Correlation
The correlation between PMT and BXMT is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2009 | 0.46 |
The correlation between PMT and BXMT shifts across timeframes, from 0.46 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PMT:
$892.59M
BXMT:
$3.06B
PMT:
$1.52
BXMT:
$0.61
PMT:
6.74
BXMT:
29.84
PMT:
0.05
BXMT:
1.47
PMT:
0.84
BXMT:
2.01
PMT:
0.48
BXMT:
0.90
PMT:
$1.06B
BXMT:
$1.54B
PMT:
$946.50M
BXMT:
$960.53M
PMT:
$966.77M
BXMT:
$957.49M
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Return for Risk
PMT vs. BXMT — Risk / Return Rank
PMT
BXMT
PMT vs. BXMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennyMac Mortgage Investment Trust (PMT) and Blackstone Mortgage Trust, Inc. (BXMT). 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.
| PMT | BXMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.28 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.04 | 0.60 | -0.64 |
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Drawdowns
PMT vs. BXMT - Drawdown Comparison
The maximum PMT drawdown since its inception was -75.90%, smaller than the maximum BXMT drawdown of -97.98%. Use the drawdown chart below to compare losses from any high point for PMT and BXMT.
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Drawdown Indicators
| PMT | BXMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.90% | -97.98% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.14% | -12.02% | -14.12% |
Max Drawdown (3Y)Largest decline over 3 years | -26.14% | -23.29% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -39.81% | -43.02% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -75.90% | -67.86% | -8.04% |
Current DrawdownCurrent decline from peak | -18.97% | -34.94% | +15.97% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -49.05% | +37.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 5.48% | +5.07% |
Volatility
PMT vs. BXMT - Volatility Comparison
PennyMac Mortgage Investment Trust (PMT) has a higher volatility of 9.67% compared to Blackstone Mortgage Trust, Inc. (BXMT) at 7.13%. This indicates that PMT's price experiences larger fluctuations and is considered to be riskier than BXMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMT | BXMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 7.13% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 23.16% | 16.79% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.40% | 21.91% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.72% | 27.75% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.24% | 32.64% | +12.60% |
Dividends
PMT vs. BXMT - Dividend Comparison
PMT's dividend yield for the trailing twelve months is around 20.79%, more than BXMT's 10.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | 10.39% | 9.83% | 12.52% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% |
PMT PennyMac Mortgage Investment Trust | 20.79% | 12.75% | 12.71% | 10.70% | 14.61% | 10.85% | 8.64% | 8.43% | 10.10% | 11.70% | 11.48% | 14.15% |
Financials
PMT vs. BXMT - Financials Comparison
This section allows you to compare key financial metrics between PennyMac Mortgage Investment Trust and Blackstone Mortgage Trust, 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
PMT and BXMT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMT has higher volatility (9.67%) compared to BXMT (7.13%). In terms of maximum drawdown, PMT dropped -75.90% vs BXMT's -97.98%.
BXMT currently has the higher Sharpe Ratio (0.15 vs -0.01), 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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