AOMR vs RITM: Correlation
How closely do Angel Oak Mortgage REIT, Inc. (AOMR) and Rithm Capital Corp. (RITM) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOMR and RITM?
On 3 years of weekly data the AOMR/RITM correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 309.1 %².
RITM is one of the assets that tracks AOMR most closely: it ranks #3 out of the 13 assets we track against AOMR. The trailing year gives AOMR the advantage: +0.9% versus -10.6%, a 11.5-point spread.
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.
AOMR vs RITM: side by side
| AOMR (Angel Oak Mortgage REIT, Inc.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | +0.9% | -10.6% |
| 5-year return | -9.4% | +53.6% |
| Volatility (ann.) | 28.0% | 20.9% |
| Beta vs S&P 500 | 0.54 | 0.67 |
| Max drawdown (3Y) | -37.2% | -27.3% |
| Market cap | $0.2B | $5.6B |
| P/E (trailing) | 11.3 | 16.7 |
| Dividend yield | 15.31% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOMR | RITM |
|---|---|---|
| 2022 | -67.3% | -14.4% |
| 2023 | +159.9% | +45.6% |
| 2024 | -1.9% | +11.1% |
| 2025 | +6.2% | +10.1% |
| 2026 | +8.9% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOMR and RITM good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AOMR and RITM?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.54 over the last year and 0.40 over 5 years.
Is RITM a good diversifier for AOMR?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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/aomr-vs-ritm.json
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[](https://www.pairbook.io/pair/aomr-vs-ritm/)
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Related comparisons
Hubs: AOMR correlations · RITM correlations
