RWAY vs. DX
RWAY (Runway Growth Finance Corp.) and DX (Dynex Capital, Inc.) are both stocks. RWAY operates in Credit Services (Financial Services), while DX operates in REIT - Mortgage (Real Estate). Over the past 3 years, RWAY returned -10.55%/yr vs 16.57%/yr for DX. At a 0.32 correlation, their price movements are largely independent.
Performance
RWAY vs. DX - Performance Comparison
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Returns By Period
In the year-to-date period, RWAY achieves a -30.64% return, which is significantly lower than DX's 2.33% return.
RWAY
- 1D
- 0.18%
- 1M
- 1.26%
- 6M
- -34.04%
- YTD
- -30.64%
- 1Y
- -40.66%
- 3Y*
- -10.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.66%
DX
- 1D
- -1.58%
- 1M
- 1.78%
- 6M
- -3.33%
- YTD
- 2.33%
- 1Y
- 22.32%
- 3Y*
- 16.57%
- 5Y*
- 6.74%
- 10Y*
- 7.71%
- ALL TIME*
- 8.26%
RWAY vs. DX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -30.64% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
DX Dynex Capital, Inc. | 2.33% | 29.48% | 13.64% | 11.91% | -15.39% | -5.48% |
Correlation
The correlation between RWAY and DX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.32 |
Fundamentals
RWAY:
$203.80M
DX:
$1.99B
RWAY:
$0.89
DX:
$2.43
RWAY:
6.37
DX:
5.40
RWAY:
1.85
DX:
2.65
RWAY:
0.47
DX:
0.96
RWAY:
$110.63M
DX:
$886.86M
RWAY:
$105.16M
DX:
$677.89M
RWAY:
$74.86M
DX:
$771.29M
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Return for Risk
RWAY vs. DX — Risk / Return Rank
RWAY
DX
RWAY vs. DX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) and Dynex Capital, Inc. (DX). 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.
| RWAY | DX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.22 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.47 | -2.37 |
| Martin ratioReturn relative to average drawdown | -1.72 | 4.28 | -5.99 |
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Drawdowns
RWAY vs. DX - Drawdown Comparison
The maximum RWAY drawdown since its inception was -45.35%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for RWAY and DX.
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Drawdown Indicators
| RWAY | DX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -99.12% | +53.77% |
Max Drawdown (1Y)Largest decline over 1 year | -45.12% | -15.27% | -29.85% |
Max Drawdown (3Y)Largest decline over 3 years | -45.35% | -25.81% | -19.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.76% | — |
Current DrawdownCurrent decline from peak | -41.40% | -29.96% | -11.44% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -56.72% | +45.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.73% | 5.23% | +18.50% |
Volatility
RWAY vs. DX - Volatility Comparison
Runway Growth Finance Corp. (RWAY) has a higher volatility of 13.00% compared to Dynex Capital, Inc. (DX) at 4.77%. This indicates that RWAY's price experiences larger fluctuations and is considered to be riskier than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWAY | DX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.00% | 4.77% | +8.23% |
Volatility (6M)Calculated over the trailing 6-month period | 25.11% | 14.22% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.52% | 17.71% | +10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.99% | 23.84% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.99% | 29.91% | -0.92% |
Dividends
RWAY vs. DX - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 23.94%, more than DX's 15.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 15.55% | 14.13% | 11.46% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% |
RWAY Runway Growth Finance Corp. | 23.94% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
RWAY vs. DX - Financials Comparison
This section allows you to compare key financial metrics between Runway Growth Finance Corp. and Dynex 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
RWAY vs. DX - Profitability Comparison
RWAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Runway Growth Finance Corp. reported a gross profit of 0.00 and revenue of 29.45M. Therefore, the gross margin over that period was 0.0%.
DX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Dynex Capital, Inc. reported a gross profit of 93.78M and revenue of 302.75M. Therefore, the gross margin over that period was 31.0%.
RWAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Runway Growth Finance Corp. reported an operating income of 0.00 and revenue of 29.45M, resulting in an operating margin of 0.0%.
DX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Dynex Capital, Inc. reported an operating income of 77.57M and revenue of 302.75M, resulting in an operating margin of 25.6%.
RWAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Runway Growth Finance Corp. reported a net income of 0.00 and revenue of 29.45M, resulting in a net margin of 0.0%.
DX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Dynex Capital, Inc. reported a net income of 180.79M and revenue of 302.75M, resulting in a net margin of 59.7%.
Frequently Asked Questions
RWAY and DX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWAY has higher volatility (13.00%) compared to DX (4.77%). In terms of maximum drawdown, RWAY dropped -45.35% vs DX's -99.12%.
DX currently has the higher Sharpe Ratio (1.27 vs -1.43), 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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