TWO vs. ADAM
TWO (Two Harbors Investment Corp.) and ADAM (Adamas Trust, Inc) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 10 years, TWO returned -2.88%/yr vs 4.54%/yr for ADAM. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
TWO vs. ADAM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TWO achieves a 24.99% return, which is significantly lower than ADAM's 72.44% return. Over the past 10 years, TWO has underperformed ADAM with an annualized return of -2.88%, while ADAM has yielded a comparatively higher 4.54% annualized return.
TWO
- 1D
- 0.24%
- 1M
- -1.52%
- YTD
- 24.99%
- 6M
- 15.02%
- 1Y
- 31.10%
- 3Y*
- 9.76%
- 5Y*
- -4.72%
- 10Y*
- -2.88%
ADAM
- 1D
- 1.11%
- 1M
- 37.10%
- YTD
- 72.44%
- 6M
- 73.87%
- 1Y
- 105.72%
- 3Y*
- 19.86%
- 5Y*
- 4.23%
- 10Y*
- 4.54%
TWO vs. ADAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWO Two Harbors Investment Corp. | 24.99% | 2.52% | -2.73% | 2.31% | -23.25% | 0.03% | -52.19% | 28.73% | -10.33% | 26.53% |
ADAM Adamas Trust, Inc | 72.44% | 36.49% | -19.27% | -5.45% | -20.80% | 10.70% | -36.23% | 20.32% | 8.95% | 6.02% |
Correlation
The correlation between TWO and ADAM is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2009 | 0.57 |
The correlation between TWO and ADAM shifts across timeframes, from 0.55 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TWO:
-$4.56
ADAM:
$1.70
TWO:
1.76
ADAM:
1.17
TWO:
$546.33M
ADAM:
$713.66M
TWO:
$524.61M
ADAM:
$546.72M
TWO:
-$7.58M
ADAM:
$477.31M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TWO vs. ADAM — Risk / Return Rank
TWO
ADAM
TWO vs. ADAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Two Harbors Investment Corp. (TWO) and Adamas Trust, Inc (ADAM). 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.
| TWO | ADAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.53 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 6.23 | -5.38 |
| Martin ratioReturn relative to average drawdown | 2.41 | 19.77 | -17.36 |
Loading charts...
Drawdowns
TWO vs. ADAM - Drawdown Comparison
The maximum TWO drawdown since its inception was -84.71%, smaller than the maximum ADAM drawdown of -97.94%. Use the drawdown chart below to compare losses from any high point for TWO and ADAM.
Loading charts...
Drawdown Indicators
| TWO | ADAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.71% | -97.94% | +13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -36.81% | -17.07% | -19.74% |
Max Drawdown (3Y)Largest decline over 3 years | -36.81% | -42.20% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -57.23% | -57.26% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -84.71% | -84.01% | -0.70% |
Current DrawdownCurrent decline from peak | -56.77% | -59.82% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -28.63% | -73.65% | +45.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.92% | 5.37% | +7.55% |
Volatility
TWO vs. ADAM - Volatility Comparison
The current volatility for Two Harbors Investment Corp. (TWO) is 1.67%, while Adamas Trust, Inc (ADAM) has a volatility of 29.43%. This indicates that TWO experiences smaller price fluctuations and is considered to be less risky than ADAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TWO | ADAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 29.43% | -27.76% |
Volatility (6M)Calculated over the trailing 6-month period | 36.95% | 37.88% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.70% | 45.89% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.19% | 37.69% | -4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.99% | 49.40% | -1.41% |
Dividends
TWO vs. ADAM - Dividend Comparison
TWO's dividend yield for the trailing twelve months is around 11.44%, less than ADAM's 35.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 35.33% | 11.78% | 13.20% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% |
TWO Two Harbors Investment Corp. | 11.44% | 15.52% | 15.22% | 15.08% | 12.94% | 11.79% | 7.85% | 11.42% | 14.64% | 23.31% | 10.67% | 12.84% |
Financials
TWO vs. ADAM - Financials Comparison
This section allows you to compare key financial metrics between Two Harbors Investment Corp. and Adamas 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
TWO and ADAM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADAM has higher volatility (29.43%) compared to TWO (1.67%). In terms of maximum drawdown, TWO dropped -84.71% vs ADAM's -97.94%.
ADAM currently has the higher Sharpe Ratio (2.32 vs 0.77), 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.
Find the right allocation for TWO and ADAM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer