ARI vs FBRT: Correlation
Measured on weekly returns over the past three years, Apollo Commercial Real Estate Finance, Inc (ARI) and Franklin BSP Realty Trust, Inc. (FBRT) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARI and FBRT?
On 3 years of weekly data the ARI/FBRT correlation comes out at 0.66, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.66 over 3 years. The 5-year figure is 0.66, and annualized covariance runs at 355.6 %².
FBRT is one of the assets that tracks ARI most closely: it ranks #3 out of the 10 assets we track against ARI. The last year tells two different stories: ARI led by 28.5 percentage points, +11.4% for ARI against -17.1% for FBRT.
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.
ARI vs FBRT: side by side
| ARI (Apollo Commercial Real Estate Finance, Inc) | FBRT (Franklin BSP Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | -17.1% |
| 5-year return | +21.3% | -17.6% |
| Volatility (ann.) | 23.8% | 22.5% |
| Beta vs S&P 500 | 0.64 | 0.59 |
| Max drawdown (3Y) | -24.7% | -33.7% |
| Market cap | $0.9B | $0.7B |
| P/E (trailing) | 8.5 | 19.5 |
| Dividend yield | 14.68% | 13.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARI | FBRT |
|---|---|---|
| 2022 | -7.1% | -3.9% |
| 2023 | +24.5% | +16.6% |
| 2024 | -16.5% | +3.7% |
| 2025 | +23.8% | -9.2% |
| 2026 | +13.3% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARI and FBRT good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARI and FBRT?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.48 over the last year and 0.66 over 5 years.
Is FBRT a good diversifier for ARI?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ari-vs-fbrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ari-vs-fbrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARI correlations · FBRT correlations
