RWT vs. MITT
RWT (Redwood Trust, Inc.) and MITT (AG Mortgage Investment Trust, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, RWT returned -1.16%/yr vs -6.83%/yr for MITT. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
RWT vs. MITT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RWT having a -3.53% return and MITT slightly lower at -3.68%. Over the past 10 years, RWT has outperformed MITT with an annualized return of -1.16%, while MITT has yielded a comparatively lower -6.83% annualized return.
RWT
- 1D
- 0.58%
- 1M
- -2.46%
- YTD
- -3.53%
- 6M
- -4.87%
- 1Y
- 4.63%
- 3Y*
- 3.38%
- 5Y*
- -6.67%
- 10Y*
- -1.16%
MITT
- 1D
- 0.76%
- 1M
- 5.03%
- YTD
- -3.68%
- 6M
- -4.36%
- 1Y
- 19.81%
- 3Y*
- 21.43%
- 5Y*
- 1.36%
- 10Y*
- -6.83%
RWT vs. MITT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWT Redwood Trust, Inc. | -3.53% | -4.08% | -2.60% | 21.61% | -42.26% | 60.13% | -42.70% | 18.16% | 9.40% | 4.49% |
MITT AG Mortgage Investment Trust, Inc. | -3.68% | 42.79% | 17.10% | 35.77% | -41.03% | 24.12% | -80.68% | 8.94% | -6.22% | 23.62% |
Correlation
The correlation between RWT and MITT 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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011 | 0.55 |
The correlation between RWT and MITT has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
Fundamentals
RWT:
-$0.48
MITT:
$1.09
RWT:
2.48
MITT:
0.50
RWT:
$269.15M
MITT:
$492.91M
RWT:
$1.06B
MITT:
$464.48M
RWT:
$1.06B
MITT:
$457.33M
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Return for Risk
RWT vs. MITT — Risk / Return Rank
RWT
MITT
RWT vs. MITT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwood Trust, Inc. (RWT) and AG Mortgage Investment Trust, Inc. (MITT). 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.
| RWT | MITT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 0.96 | -0.74 |
| Martin ratioReturn relative to average drawdown | 0.44 | 2.29 | -1.85 |
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Drawdowns
RWT vs. MITT - Drawdown Comparison
The maximum RWT drawdown since its inception was -88.91%, roughly equal to the maximum MITT drawdown of -91.49%. Use the drawdown chart below to compare losses from any high point for RWT and MITT.
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Drawdown Indicators
| RWT | MITT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.91% | -91.49% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.22% | -20.74% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -33.79% | -25.77% | -8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -55.83% | -69.76% | +13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -85.40% | -91.49% | +6.09% |
Current DrawdownCurrent decline from peak | -59.40% | -71.38% | +11.98% |
Average DrawdownAverage peak-to-trough decline | -45.59% | -38.78% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.58% | 8.68% | +1.90% |
Volatility
RWT vs. MITT - Volatility Comparison
Redwood Trust, Inc. (RWT) has a higher volatility of 7.87% compared to AG Mortgage Investment Trust, Inc. (MITT) at 6.80%. This indicates that RWT's price experiences larger fluctuations and is considered to be riskier than MITT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWT | MITT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 6.80% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 29.25% | 20.25% | +9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.13% | 27.82% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.10% | 35.21% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.05% | 67.65% | -18.60% |
Dividends
RWT vs. MITT - Dividend Comparison
RWT's dividend yield for the trailing twelve months is around 13.95%, more than MITT's 11.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MITT AG Mortgage Investment Trust, Inc. | 11.21% | 9.98% | 11.28% | 11.34% | 15.25% | 7.90% | 1.02% | 12.32% | 12.40% | 10.52% | 11.10% | 17.72% |
RWT Redwood Trust, Inc. | 13.95% | 13.02% | 10.26% | 9.58% | 13.61% | 5.91% | 8.26% | 7.26% | 7.83% | 7.56% | 7.36% | 8.48% |
Financials
RWT vs. MITT - Financials Comparison
This section allows you to compare key financial metrics between Redwood Trust, Inc. and AG Mortgage Investment 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
RWT and MITT 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.
RWT has higher volatility (7.87%) compared to MITT (6.80%). In terms of maximum drawdown, RWT dropped -88.91% vs MITT's -91.49%.
MITT currently has the higher Sharpe Ratio (0.72 vs 0.13), 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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