MFA vs RITM: Correlation
Measured on weekly returns over the past three years, MFA Financial, Inc. (MFA) and Rithm Capital Corp. (RITM) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFA and RITM?
Across a 3-year window, the weekly returns of MFA and RITM correlate at 0.69, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 367.6 %².
By 3-year correlation, RITM places #8 of the 23 assets tracked against MFA. The trailing year gives MFA the advantage: +2.8% versus -10.6%, a 13.4-point spread.
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 RITM: side by side
| MFA (MFA Financial, Inc.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | +2.8% | -10.6% |
| 5-year return | -8.1% | +53.6% |
| Volatility (ann.) | 25.6% | 20.9% |
| Beta vs S&P 500 | 0.64 | 0.67 |
| Max drawdown (3Y) | -31.6% | -27.3% |
| Market cap | $0.9B | $5.6B |
| P/E (trailing) | 8.8 | 16.7 |
| Dividend yield | 16.36% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFA | RITM |
|---|---|---|
| 2022 | -37.2% | -14.4% |
| 2023 | +30.7% | +45.6% |
| 2024 | +2.6% | +11.1% |
| 2025 | +6.1% | +10.1% |
| 2026 | +2.6% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFA and RITM good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MFA and RITM?
The MFA/RITM correlation stands at 0.69 on a 3-year window (1 year: 0.61, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is RITM a good diversifier for MFA?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-ritm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mfa-vs-ritm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MFA correlations · RITM correlations
