CHMI vs IVR: Correlation
Cherry Hill Mortgage Investment Corporation (CHMI) and INVESCO MORTGAGE CAPITAL INC (IVR) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHMI and IVR?
Across a 3-year window, the weekly returns of CHMI and IVR correlate at 0.56, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.56). Stretching to 5 years gives 0.57, with an annualized covariance of 637.0 %².
By 3-year correlation, IVR places #4 of the 13 assets tracked against CHMI. Twelve-month performance is nearly a tie, at +19.1% for CHMI and +17.7% for IVR.
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.
CHMI vs IVR: side by side
| CHMI (Cherry Hill Mortgage Investment Corporation) | IVR (INVESCO MORTGAGE CAPITAL INC) | |
|---|---|---|
| 1-year return | +19.1% | +17.7% |
| 5-year return | -27.0% | -40.5% |
| Volatility (ann.) | 38.1% | 29.8% |
| Beta vs S&P 500 | 0.85 | 0.88 |
| Max drawdown (3Y) | -32.7% | -41.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 13.9 | 4.7 |
| Dividend yield | 13.65% | 19.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHMI | IVR |
|---|---|---|
| 2022 | -17.2% | -44.6% |
| 2023 | -18.9% | -14.3% |
| 2024 | -21.9% | +9.0% |
| 2025 | +14.9% | +24.9% |
| 2026 | +24.3% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHMI and IVR good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHMI and IVR?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.25 over the last year and 0.57 over 5 years.
Is IVR a good diversifier for CHMI?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/chmi-vs-ivr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chmi-vs-ivr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHMI correlations · IVR correlations
