FBRT vs RC: Correlation
Franklin BSP Realty Trust, Inc. (FBRT) and Ready Capital Corporation (RC) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRT and RC?
Across a 3-year window, the weekly returns of FBRT and RC correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 477.5 %².
Among the 15 assets we track against FBRT, RC ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FBRT outperformed by 36.9 percentage points (-17.1% for FBRT against -54.0% for RC). Note the risk asymmetry: RC runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FBRT vs RC: side by side
| FBRT (Franklin BSP Realty Trust, Inc.) | RC (Ready Capital Corporation) | |
|---|---|---|
| 1-year return | -17.1% | -54.0% |
| 5-year return | -17.6% | -78.5% |
| Volatility (ann.) | 22.5% | 38.3% |
| Beta vs S&P 500 | 0.59 | 1.11 |
| Max drawdown (3Y) | -33.7% | -83.7% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 13.14% | 8.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRT | RC |
|---|---|---|
| 2022 | -3.9% | -18.3% |
| 2023 | +16.6% | +5.9% |
| 2024 | +3.7% | -23.5% |
| 2025 | -9.2% | -65.0% |
| 2026 | -12.3% | -14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRT and RC good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FBRT and RC?
The FBRT/RC correlation stands at 0.55 on a 3-year window (1 year: 0.53, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is RC a good diversifier for FBRT?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/fbrt-vs-rc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbrt-vs-rc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBRT correlations · RC correlations
