LFT vs MITT: Correlation
How closely do Lument Finance Trust, Inc. (LFT) and TPG Mortgage Investment Trust, Inc. (MITT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFT and MITT?
On 3 years of weekly data the LFT/MITT correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 397.5 %².
Few assets follow LFT as closely as MITT, which ranks #1 of 10 tracked partners. The last year tells two different stories: MITT led by 63.3 percentage points, -63.0% for LFT against +0.3% for MITT.
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.
LFT vs MITT: side by side
| LFT (Lument Finance Trust, Inc.) | MITT (TPG Mortgage Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -63.0% | +0.3% |
| 5-year return | -67.7% | +11.0% |
| Volatility (ann.) | 32.8% | 28.8% |
| Beta vs S&P 500 | 0.41 | 0.75 |
| Max drawdown (3Y) | -75.1% | -26.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 8.9 |
| Dividend yield | 21.82% | 13.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LFT | MITT |
|---|---|---|
| 2022 | -45.1% | -41.0% |
| 2023 | +38.6% | +35.8% |
| 2024 | +29.4% | +17.1% |
| 2025 | -39.3% | +42.8% |
| 2026 | -44.4% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFT and MITT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LFT and MITT?
The LFT/MITT correlation stands at 0.42 on a 3-year window (1 year: 0.43, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is MITT a good diversifier for LFT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/lft-vs-mitt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lft-vs-mitt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LFT correlations · MITT correlations
