LOAN vs MFA: Correlation
Manhattan Bridge Capital, Inc (LOAN) and MFA Financial, Inc. (MFA) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAN and MFA?
On 3 years of weekly data the LOAN/MFA correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 202.1 %².
Among the 10 assets we track against LOAN, MFA ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MFA ahead by 19.8 points (-17.0% versus +2.8%).
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.
LOAN vs MFA: side by side
| LOAN (Manhattan Bridge Capital, Inc) | MFA (MFA Financial, Inc.) | |
|---|---|---|
| 1-year return | -17.0% | +2.8% |
| 5-year return | -1.5% | -8.1% |
| Volatility (ann.) | 22.8% | 25.6% |
| Beta vs S&P 500 | 0.07 | 0.64 |
| Max drawdown (3Y) | -24.8% | -31.6% |
| Market cap | – | $0.9B |
| P/E (trailing) | 9.7 | 8.8 |
| Dividend yield | 11.17% | 16.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAN | MFA |
|---|---|---|
| 2022 | +5.7% | -37.2% |
| 2023 | +2.2% | +30.7% |
| 2024 | +22.5% | +2.6% |
| 2025 | -9.4% | +6.1% |
| 2026 | -8.3% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAN and MFA good diversifiers for each other?
Reasonably. At 0.35, LOAN and MFA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOAN and MFA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.30 over the last year and 0.24 over 5 years.
Is MFA a good diversifier for LOAN?
Reasonably. At 0.35, LOAN and MFA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
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Related comparisons
Hubs: LOAN correlations · MFA correlations
