EFC vs RITM: Correlation
How closely do Ellington Financial Inc. (EFC) and Rithm Capital Corp. (RITM) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFC and RITM?
Over the past 3 years, EFC and RITM moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 260.4 %².
In EFC's tracked universe of 13 assets, RITM sits right near the top at #3. Correlation aside, the last 12 months split them widely, with EFC ahead by 21.3 points (+10.7% versus -10.6%).
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.
EFC vs RITM: side by side
| EFC (Ellington Financial Inc.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | +10.7% | -10.6% |
| 5-year return | +35.9% | +53.6% |
| Volatility (ann.) | 18.8% | 20.9% |
| Beta vs S&P 500 | 0.54 | 0.67 |
| Max drawdown (3Y) | -18.9% | -27.3% |
| Market cap | $1.8B | $5.6B |
| P/E (trailing) | 8.4 | 16.7 |
| Dividend yield | 11.59% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFC | RITM |
|---|---|---|
| 2022 | -18.3% | -14.4% |
| 2023 | +18.2% | +45.6% |
| 2024 | +8.7% | +11.1% |
| 2025 | +26.1% | +10.1% |
| 2026 | +7.2% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFC and RITM good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFC and RITM?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.62 over the last year and 0.77 over 5 years.
Is RITM a good diversifier for EFC?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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/efc-vs-ritm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efc-vs-ritm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFC correlations · RITM correlations
