ARR vs DX: Correlation
Measured on weekly returns over the past three years, ARMOUR Residential REIT, Inc. (ARR) and Dynex Capital, Inc. (DX) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARR and DX?
On 3 years of weekly data the ARR/DX correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 533.3 %².
In ARR's tracked universe of 13 assets, DX sits right near the top at #3. On 12-month performance ARR holds a 8.5-point edge, +29.0% against +20.5%.
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.
ARR vs DX: side by side
| ARR (ARMOUR Residential REIT, Inc.) | DX (Dynex Capital, Inc.) | |
|---|---|---|
| 1-year return | +29.0% | +20.5% |
| 5-year return | -29.0% | +40.2% |
| Volatility (ann.) | 29.0% | 21.5% |
| Beta vs S&P 500 | 0.93 | 0.70 |
| Max drawdown (3Y) | -44.3% | -25.8% |
| Market cap | $2.3B | $3.2B |
| P/E (trailing) | 3.7 | 4.1 |
| Dividend yield | 17.76% | 15.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARR | DX |
|---|---|---|
| 2022 | -32.0% | -15.4% |
| 2023 | -15.4% | +11.9% |
| 2024 | +13.2% | +13.6% |
| 2025 | +11.7% | +29.5% |
| 2026 | +3.6% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARR and DX good diversifiers for each other?
No: a correlation of 0.86 means ARR and DX tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ARR and DX?
As of 2026-08-27, the correlation of weekly returns between ARR and DX is 0.86 over 3 years, 0.84 over 1 year and 0.84 over 5 years.
Is DX a good diversifier for ARR?
No: a correlation of 0.86 means ARR and DX tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 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/arr-vs-dx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arr-vs-dx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARR correlations · DX correlations
