MFA vs MITT: Correlation
MFA Financial, Inc. (MFA) and TPG Mortgage Investment Trust, Inc. (MITT) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFA and MITT?
On 3 years of weekly data the MFA/MITT correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 474.0 %².
Within MFA's tracked universe of 23 assets, MITT comes in at #10 by 3-year correlation. Their 12-month results are close: +2.8% for MFA 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.
MFA vs MITT: side by side
| MFA (MFA Financial, Inc.) | MITT (TPG Mortgage Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +2.8% | +0.3% |
| 5-year return | -8.1% | +11.0% |
| Volatility (ann.) | 25.6% | 28.8% |
| Beta vs S&P 500 | 0.64 | 0.75 |
| Max drawdown (3Y) | -31.6% | -26.9% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | 8.8 | 8.9 |
| Dividend yield | 16.36% | 13.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFA | MITT |
|---|---|---|
| 2022 | -37.2% | -41.0% |
| 2023 | +30.7% | +35.8% |
| 2024 | +2.6% | +17.1% |
| 2025 | +6.1% | +42.8% |
| 2026 | +2.6% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFA and MITT good diversifiers for each other?
To a limited degree. At 0.64 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 MFA and MITT?
As of 2026-08-27, the correlation of weekly returns between MFA and MITT is 0.64 over 3 years, 0.60 over 1 year and 0.73 over 5 years.
Is MITT a good diversifier for MFA?
To a limited degree. At 0.64 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 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mfa-vs-mitt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mfa-vs-mitt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MFA correlations · MITT correlations
