PMT vs. INSW

Last updated Jun 3, 2026

PMT (PennyMac Mortgage Investment Trust) and INSW (International Seaways, Inc.) are both stocks. PMT operates in REIT - Mortgage (Real Estate), while INSW operates in Oil & Gas Midstream (Energy). Over the past 5 years, PMT returned -0.47%/yr vs 45.02%/yr for INSW. At a 0.17 correlation, their price movements are largely independent.

Performance

PMT vs. INSW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PennyMac Mortgage Investment Trust (PMT) and International Seaways, Inc. (INSW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMT achieves a -14.03% return, which is significantly lower than INSW's 66.76% return.

PMT

• 1D: 0.68%
• 1M: -15.41%
• YTD: -14.03%
• 6M: -13.11%
• 1Y: -2.08%
• 3Y*: 6.51%
• 5Y*: -0.47%
• 10Y*: 7.24%

INSW

• 1D: -0.67%
• 1M: -7.76%
• YTD: 66.76%
• 6M: 59.75%
• 1Y: 128.80%
• 3Y*: 42.41%
• 5Y*: 45.02%
• 10Y*: —

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

PMT vs. INSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMT PennyMac Mortgage Investment Trust	-14.03%	13.23%	-5.38%	36.11%	-18.07%	8.47%	-12.99%	30.33%	28.04%	9.42%
INSW International Seaways, Inc.	66.76%	44.97%	-10.85%	42.93%	162.53%	-2.93%	-44.43%	76.72%	-8.78%	31.48%

Correlation

The correlation between PMT and INSW is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 2, 2016	0.17

Fundamentals

Market Cap PMT : $908.27M INSW : $3.90B
EPS PMT : $1.52 INSW : $11.01
PE Ratio PMT : 6.86 INSW : 7.14
PEG Ratio PMT : 0.05 INSW : 1.12
PS Ratio PMT : 0.85 INSW : 5.76
PB Ratio PMT : 0.49 INSW : 1.78
Total Revenue (TTM) PMT : $1.06B INSW : $675.87M
Gross Profit (TTM) PMT : $946.50M INSW : $274.33M
EBITDA (TTM) PMT : $966.77M INSW : $525.75M

Return for Risk

PMT vs. INSW — Risk / Return Rank

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

PMT

PMT Risk / Return Rank: 34
PMT Sharpe Ratio Rank: 37
PMT Sortino Ratio Rank: 31
PMT Omega Ratio Rank: 31
PMT Calmar Ratio Rank: 35
PMT Martin Ratio Rank: 34

INSW

INSW Risk / Return Rank: 95
INSW Sharpe Ratio Rank: 96
INSW Sortino Ratio Rank: 95
INSW Omega Ratio Rank: 92
INSW Calmar Ratio Rank: 96
INSW Martin Ratio Rank: 96

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.

PMT vs. INSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PennyMac Mortgage Investment Trust (PMT) and International Seaways, Inc. (INSW). 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.

	PMT	INSW	Difference
Sharpe ratio Return per unit of total volatility	-0.08	3.54	-3.62
Sortino ratio Return per unit of downside risk	0.07	4.26	-4.19
Omega ratio Gain probability vs. loss probability	1.01	1.48	-0.47
Calmar ratio Return relative to maximum drawdown	-0.15	8.01	-8.16
Martin ratio Return relative to average drawdown	-0.36	24.19	-24.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMT vs. INSW - Sharpe Ratio Comparison

The current PMT Sharpe Ratio is -0.08, which is lower than the INSW Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of PMT and INSW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PMT	INSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	3.54	-3.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	1.10	-1.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.61	-0.42

Drawdowns

PMT vs. INSW - Drawdown Comparison

The maximum PMT drawdown since its inception was -75.90%, which is greater than INSW's maximum drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for PMT and INSW.

Drawdown Indicators

	PMT	INSW	Difference
Max Drawdown Largest peak-to-trough decline	-75.90%	-57.49%	-18.41%
Max Drawdown (1Y) Largest decline over 1 year	-22.99%	-16.16%	-6.83%
Max Drawdown (3Y) Largest decline over 3 years	-24.23%	-50.40%	+26.17%
Max Drawdown (5Y) Largest decline over 5 years	-39.81%	-50.40%	+10.59%
Max Drawdown (10Y) Largest decline over 10 years	-75.90%	—	—
Current Drawdown Current decline from peak	-21.87%	-14.29%	-7.58%
Average Drawdown Average peak-to-trough decline	-11.55%	-20.91%	+9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.27%	5.35%	+3.92%

Volatility

PMT vs. INSW - Volatility Comparison

The current volatility for PennyMac Mortgage Investment Trust (PMT) is 10.74%, while International Seaways, Inc. (INSW) has a volatility of 11.73%. This indicates that PMT experiences smaller price fluctuations and is considered to be less risky than INSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMT	INSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.74%	11.73%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	21.54%	27.88%	-6.34%
Volatility (1Y) Calculated over the trailing 1-year period	26.17%	36.60%	-10.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.50%	41.01%	-11.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.17%	45.22%	-0.05%

Dividends

PMT vs. INSW - Dividend Comparison

PMT's dividend yield for the trailing twelve months is around 15.34%, more than INSW's 5.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INSW International Seaways, Inc.	5.58%	6.04%	16.05%	13.83%	3.84%	9.26%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%
PMT PennyMac Mortgage Investment Trust	15.34%	12.75%	12.71%	10.70%	14.61%	10.85%	8.64%	8.43%	10.10%	11.70%	11.48%	14.15%

Financials

Frequently Asked Questions

Can I hold both PMT and INSW in my portfolio?

PMT and INSW have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMT or INSW?

INSW has higher volatility (11.73%) compared to PMT (10.74%). In terms of maximum drawdown, PMT dropped -75.90% vs INSW's -57.49%.

Which has better risk-adjusted returns?

INSW currently has the higher Sharpe Ratio (3.54 vs -0.08), 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.