CIM vs MFA: Correlation
Measured on weekly returns over the past three years, Chimera Investment Corporation (CIM) and MFA Financial, Inc. (MFA) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIM and MFA?
Over the past 3 years, CIM and MFA moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 520.4 %².
MFA is one of the assets that tracks CIM most closely: it ranks #1 out of the 11 assets we track against CIM. The trailing year gives MFA the advantage: -6.9% versus +2.8%, a 9.7-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.
CIM vs MFA: side by side
| CIM (Chimera Investment Corporation) | MFA (MFA Financial, Inc.) | |
|---|---|---|
| 1-year return | -6.9% | +2.8% |
| 5-year return | -54.1% | -8.1% |
| Volatility (ann.) | 29.4% | 25.6% |
| Beta vs S&P 500 | 0.76 | 0.64 |
| Max drawdown (3Y) | -33.1% | -31.6% |
| Market cap | $1.0B | $0.9B |
| P/E (trailing) | – | 8.8 |
| Dividend yield | 14.29% | 16.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIM | MFA |
|---|---|---|
| 2022 | -57.9% | -37.2% |
| 2023 | +2.9% | +30.7% |
| 2024 | +3.6% | +2.6% |
| 2025 | -0.6% | +6.1% |
| 2026 | -0.7% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIM and MFA good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIM and MFA?
As of 2026-08-27, the correlation of weekly returns between CIM and MFA is 0.69 over 3 years, 0.65 over 1 year and 0.79 over 5 years.
Is MFA a good diversifier for CIM?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/cim-vs-mfa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cim-vs-mfa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIM correlations · MFA correlations
