LADR vs PMT: Correlation
How closely do Ladder Capital Corp (LADR) and PennyMac Mortgage Investment Trust (PMT) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LADR and PMT?
Over the past 3 years, LADR and PMT moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.36) than the 3-year average (0.63). Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 310.7 %².
Within LADR's tracked universe of 18 assets, PMT comes in at #8 by 3-year correlation. Over the last 12 months LADR came out ahead by 5.1 percentage points (-6.7% 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.
LADR vs PMT: side by side
| LADR (Ladder Capital Corp) | PMT (PennyMac Mortgage Investment Trust) | |
|---|---|---|
| 1-year return | -6.7% | -11.8% |
| 5-year return | +32.1% | -9.4% |
| Volatility (ann.) | 19.1% | 25.8% |
| Beta vs S&P 500 | 0.50 | 0.49 |
| Max drawdown (3Y) | -15.3% | -28.1% |
| Market cap | $1.2B | – |
| P/E (trailing) | 23.4 | 6.5 |
| Dividend yield | 9.33% | 17.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LADR | PMT |
|---|---|---|
| 2022 | -9.0% | -18.1% |
| 2023 | +25.2% | +36.1% |
| 2024 | +5.5% | -5.4% |
| 2025 | +6.7% | +13.2% |
| 2026 | -6.3% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LADR and PMT good diversifiers for each other?
Only partially. A correlation of 0.63 means LADR 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 LADR and PMT?
The LADR/PMT correlation stands at 0.63 on a 3-year window (1 year: 0.36, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is PMT a good diversifier for LADR?
Only partially. A correlation of 0.63 means LADR 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 0.63 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/ladr-vs-pmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ladr-vs-pmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LADR correlations · PMT correlations
