ARR vs IVR: Correlation
ARMOUR Residential REIT, Inc. (ARR) and INVESCO MORTGAGE CAPITAL INC (IVR) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARR and IVR?
Across a 3-year window, the weekly returns of ARR and IVR correlate at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.87 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 747.7 %².
In ARR's tracked universe of 13 assets, IVR sits right near the top at #1. Over the last 12 months ARR came out ahead by 11.3 percentage points (+29.0% against +17.7%).
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 IVR: side by side
| ARR (ARMOUR Residential REIT, Inc.) | IVR (INVESCO MORTGAGE CAPITAL INC) | |
|---|---|---|
| 1-year return | +29.0% | +17.7% |
| 5-year return | -29.0% | -40.5% |
| Volatility (ann.) | 29.0% | 29.8% |
| Beta vs S&P 500 | 0.93 | 0.88 |
| Max drawdown (3Y) | -44.3% | -41.4% |
| Market cap | $2.3B | $0.8B |
| P/E (trailing) | 3.7 | 4.7 |
| Dividend yield | 17.76% | 19.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARR | IVR |
|---|---|---|
| 2022 | -32.0% | -44.6% |
| 2023 | -15.4% | -14.3% |
| 2024 | +13.2% | +9.0% |
| 2025 | +11.7% | +24.9% |
| 2026 | +3.6% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARR and IVR good diversifiers for each other?
No: a correlation of 0.87 means ARR and IVR tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ARR and IVR?
As of 2026-08-27, the correlation of weekly returns between ARR and IVR is 0.87 over 3 years, 0.79 over 1 year and 0.85 over 5 years.
Is IVR a good diversifier for ARR?
No: a correlation of 0.87 means ARR and IVR tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arr-vs-ivr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arr-vs-ivr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARR correlations · IVR correlations
