CIM vs PMT: Correlation
Chimera Investment Corporation (CIM) and PennyMac Mortgage Investment Trust (PMT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIM and PMT?
On 3 years of weekly data the CIM/PMT correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.61 over 3. The 5-year figure is 0.72, and annualized covariance runs at 465.4 %².
By 3-year correlation, PMT places #6 of the 11 assets tracked against CIM. Neither side won the trailing year by much: -6.9% against -11.8%.
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 PMT: side by side
| CIM (Chimera Investment Corporation) | PMT (PennyMac Mortgage Investment Trust) | |
|---|---|---|
| 1-year return | -6.9% | -11.8% |
| 5-year return | -54.1% | -9.4% |
| Volatility (ann.) | 29.4% | 25.8% |
| Beta vs S&P 500 | 0.76 | 0.49 |
| Max drawdown (3Y) | -33.1% | -28.1% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 14.29% | 17.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIM | PMT |
|---|---|---|
| 2022 | -57.9% | -18.1% |
| 2023 | +2.9% | +36.1% |
| 2024 | +3.6% | -5.4% |
| 2025 | -0.6% | +13.2% |
| 2026 | -0.7% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIM and PMT good diversifiers for each other?
Only partially. A correlation of 0.61 means CIM and PMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CIM and PMT?
The CIM/PMT correlation stands at 0.61 on a 3-year window (1 year: 0.62, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is PMT a good diversifier for CIM?
Only partially. A correlation of 0.61 means CIM and PMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 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/cim-vs-pmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cim-vs-pmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIM correlations · PMT correlations
