REM vs. NLY
Compare and contrast key facts about iShares Mortgage Real Estate ETF (REM) and Annaly Capital Management, Inc. (NLY).
REM is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Mortgage Capped Index. It was launched on May 4, 2007.
Performance
REM vs. NLY - Performance Comparison
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REM vs. NLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REM iShares Mortgage Real Estate ETF | -2.83% | 13.30% | -1.00% | 14.43% | -27.56% | 16.14% | -19.99% | 21.34% | -3.09% | 18.43% |
NLY Annaly Capital Management, Inc. | -2.28% | 40.00% | 8.07% | 4.94% | -21.41% | 2.48% | 2.38% | 7.22% | -7.22% | 31.92% |
Returns By Period
In the year-to-date period, REM achieves a -2.83% return, which is significantly lower than NLY's -2.28% return. Over the past 10 years, REM has underperformed NLY with an annualized return of 3.23%, while NLY has yielded a comparatively higher 5.83% annualized return.
REM
- 1D
- -0.37%
- 1M
- -5.30%
- YTD
- -2.83%
- 6M
- 0.50%
- 1Y
- 4.62%
- 3Y*
- 8.76%
- 5Y*
- -1.60%
- 10Y*
- 3.23%
NLY
- 1D
- -0.09%
- 1M
- -5.86%
- YTD
- -2.28%
- 6M
- 9.23%
- 1Y
- 20.39%
- 3Y*
- 18.25%
- 5Y*
- 3.38%
- 10Y*
- 5.83%
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Return for Risk
REM vs. NLY — Risk / Return Rank
REM
NLY
REM vs. NLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Mortgage Real Estate ETF (REM) and Annaly Capital Management, Inc. (NLY). 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.
| REM | NLY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.92 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.43 | 1.28 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.28 | -0.99 |
Martin ratioReturn relative to average drawdown | 0.81 | 3.79 | -2.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REM | NLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.92 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.13 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.21 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.31 | -0.36 |
Correlation
The correlation between REM and NLY is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
REM vs. NLY - Dividend Comparison
REM's dividend yield for the trailing twelve months is around 9.25%, less than NLY's 13.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REM iShares Mortgage Real Estate ETF | 9.25% | 8.70% | 9.61% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% |
NLY Annaly Capital Management, Inc. | 13.25% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
Drawdowns
REM vs. NLY - Drawdown Comparison
The maximum REM drawdown since its inception was -74.73%, which is greater than NLY's maximum drawdown of -60.09%. Use the drawdown chart below to compare losses from any high point for REM and NLY.
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Drawdown Indicators
| REM | NLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.73% | -60.09% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -14.88% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.31% | -52.12% | +8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -68.52% | -60.09% | -8.43% |
Current DrawdownCurrent decline from peak | -24.42% | -10.45% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -38.50% | -13.79% | -24.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 5.03% | +0.21% |
Volatility
REM vs. NLY - Volatility Comparison
The current volatility for iShares Mortgage Real Estate ETF (REM) is 7.75%, while Annaly Capital Management, Inc. (NLY) has a volatility of 8.54%. This indicates that REM experiences smaller price fluctuations and is considered to be less risky than NLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REM | NLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 8.54% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 14.56% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.02% | 22.40% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 25.46% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.22% | 28.06% | +0.16% |