AGNC vs RPT: Correlation
How closely do AGNC Investment Corp. (AGNC) and Rithm Property Trust Inc. (RPT) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNC and RPT?
Over the past 3 years, AGNC and RPT moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.39 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 402.9 %².
RPT is close to the least connected end of AGNC's tracked universe, ranking #11 of 14. The last year tells two different stories: AGNC led by 35.1 percentage points, +28.0% for AGNC against -7.1% for RPT. Risk is not evenly split, since RPT carries 1.6 times the volatility of the other side.
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 RPT: side by side
| AGNC (AGNC Investment Corp.) | RPT (Rithm Property Trust Inc.) | |
|---|---|---|
| 1-year return | +28.0% | -7.1% |
| 5-year return | +33.5% | -69.9% |
| Volatility (ann.) | 25.1% | 40.9% |
| Beta vs S&P 500 | 0.87 | 0.96 |
| Max drawdown (3Y) | -30.5% | -64.6% |
| Market cap | $13.0B | $0.1B |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 13.32% | 10.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGNC | RPT |
|---|---|---|
| 2022 | -21.7% | -35.2% |
| 2023 | +10.1% | -9.5% |
| 2024 | +8.9% | -39.4% |
| 2025 | +34.9% | +1.5% |
| 2026 | +10.3% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNC and RPT good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGNC and RPT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.02 over the last year and 0.48 over 5 years.
Is RPT a good diversifier for AGNC?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: AGNC correlations · RPT correlations
