MFA vs PMT: Correlation
MFA Financial, Inc. (MFA) and PennyMac Mortgage Investment Trust (PMT) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFA and PMT?
On 3 years of weekly data the MFA/PMT correlation comes out at 0.69, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 455.5 %².
Among the 23 assets we track against MFA, PMT ranks #7 by 3-year correlation. On 12-month performance MFA holds a 14.6-point edge, +2.8% 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.
MFA vs PMT: side by side
| MFA (MFA Financial, Inc.) | PMT (PennyMac Mortgage Investment Trust) | |
|---|---|---|
| 1-year return | +2.8% | -11.8% |
| 5-year return | -8.1% | -9.4% |
| Volatility (ann.) | 25.6% | 25.8% |
| Beta vs S&P 500 | 0.64 | 0.49 |
| Max drawdown (3Y) | -31.6% | -28.1% |
| Market cap | $0.9B | – |
| P/E (trailing) | 8.8 | 6.5 |
| Dividend yield | 16.36% | 17.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFA | PMT |
|---|---|---|
| 2022 | -37.2% | -18.1% |
| 2023 | +30.7% | +36.1% |
| 2024 | +2.6% | -5.4% |
| 2025 | +6.1% | +13.2% |
| 2026 | +2.6% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFA and PMT good diversifiers for each other?
Only partially. A correlation of 0.69 means MFA 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 MFA and PMT?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.73 over the last year and 0.76 over 5 years.
Is PMT a good diversifier for MFA?
Only partially. A correlation of 0.69 means MFA 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 0.69 mean?
On the −1 to +1 scale, 0.69 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/mfa-vs-pmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mfa-vs-pmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MFA correlations · PMT correlations
