AGNC vs ARR: Correlation
Measured on weekly returns over the past three years, AGNC Investment Corp. (AGNC) and ARMOUR Residential REIT, Inc. (ARR) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNC and ARR?
Across a 3-year window, the weekly returns of AGNC and ARR correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.77 over 1 year against 0.83 over 3. Stretching to 5 years gives 0.84, with an annualized covariance of 605.2 %².
Among the 14 assets we track against AGNC, ARR ranks #4 by 3-year correlation. Neither side won the trailing year by much: +28.0% against +29.0%.
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.
AGNC vs ARR: side by side
| AGNC (AGNC Investment Corp.) | ARR (ARMOUR Residential REIT, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +29.0% |
| 5-year return | +33.5% | -29.0% |
| Volatility (ann.) | 25.1% | 29.0% |
| Beta vs S&P 500 | 0.87 | 0.93 |
| Max drawdown (3Y) | -30.5% | -44.3% |
| Market cap | $13.0B | $2.3B |
| P/E (trailing) | 5.4 | 3.7 |
| Dividend yield | 13.32% | 17.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGNC | ARR |
|---|---|---|
| 2022 | -21.7% | -32.0% |
| 2023 | +10.1% | -15.4% |
| 2024 | +8.9% | +13.2% |
| 2025 | +34.9% | +11.7% |
| 2026 | +10.3% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNC and ARR good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AGNC and ARR?
The AGNC/ARR correlation stands at 0.83 on a 3-year window (1 year: 0.77, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is ARR a good diversifier for AGNC?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agnc-vs-arr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agnc-vs-arr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGNC correlations · ARR correlations
