FBRT vs STWD: Correlation
Measured on weekly returns over the past three years, Franklin BSP Realty Trust, Inc. (FBRT) and STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. (STWD) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRT and STWD?
On 3 years of weekly data the FBRT/STWD correlation comes out at 0.68, strong. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.68). The 5-year figure is 0.67, and annualized covariance runs at 296.4 %².
Few assets follow FBRT as closely as STWD, which ranks #2 of 15 tracked partners. On 12-month performance STWD holds a 5.3-point edge, -17.1% 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.
FBRT vs STWD: side by side
| FBRT (Franklin BSP Realty Trust, Inc.) | STWD (STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc.) | |
|---|---|---|
| 1-year return | -17.1% | -11.8% |
| 5-year return | -17.6% | +0.5% |
| Volatility (ann.) | 22.5% | 19.3% |
| Beta vs S&P 500 | 0.59 | 0.65 |
| Max drawdown (3Y) | -33.7% | -15.8% |
| Market cap | $0.7B | $6.1B |
| P/E (trailing) | 19.5 | 27.0 |
| Dividend yield | 13.14% | 12.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRT | STWD |
|---|---|---|
| 2022 | -3.9% | -17.3% |
| 2023 | +16.6% | +26.7% |
| 2024 | +3.7% | -0.6% |
| 2025 | -9.2% | +4.9% |
| 2026 | -12.3% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRT and STWD good diversifiers for each other?
To a limited degree. At 0.68 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 STWD?
The FBRT/STWD correlation stands at 0.68 on a 3-year window (1 year: 0.43, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is STWD a good diversifier for FBRT?
To a limited degree. At 0.68 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 0.68 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/fbrt-vs-stwd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbrt-vs-stwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBRT correlations · STWD correlations
