ACRE vs CMTG: Correlation
Measured on weekly returns over the past three years, Ares Commercial Real Estate Corporation (ACRE) and Claros Mortgage Trust, Inc. (CMTG) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and CMTG?
On 3 years of weekly data the ACRE/CMTG correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1284.5 %².
Within ACRE's tracked universe of 13 assets, CMTG comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACRE outperformed by 66.3 percentage points (+13.6% for ACRE against -52.7% for CMTG). Note the risk asymmetry: CMTG runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACRE vs CMTG: side by side
| ACRE (Ares Commercial Real Estate Corporation) | CMTG (Claros Mortgage Trust, Inc.) | |
|---|---|---|
| 1-year return | +13.6% | -52.7% |
| 5-year return | -43.9% | -87.0% |
| Volatility (ann.) | 37.4% | 62.4% |
| Beta vs S&P 500 | 0.90 | 0.90 |
| Max drawdown (3Y) | -61.3% | -87.6% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 12.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | CMTG |
|---|---|---|
| 2022 | -20.4% | -1.4% |
| 2023 | +15.6% | +2.8% |
| 2024 | -34.0% | -64.4% |
| 2025 | -7.9% | -32.3% |
| 2026 | +3.4% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and CMTG good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACRE and CMTG?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.56 over the last year and 0.52 over 5 years.
Is CMTG a good diversifier for ACRE?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acre-vs-cmtg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acre-vs-cmtg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACRE correlations · CMTG correlations
