MFA vs TRTX: Correlation
MFA Financial, Inc. (MFA) and TPG RE Finance Trust, Inc. (TRTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFA and TRTX?
Over the past 3 years, MFA and TRTX moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 420.8 %².
Among the 23 assets we track against MFA, TRTX ranks #14 by 3-year correlation. The trailing year gives MFA the advantage: +2.8% versus -6.3%, a 9.1-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 TRTX: side by side
| MFA (MFA Financial, Inc.) | TRTX (TPG RE Finance Trust, Inc.) | |
|---|---|---|
| 1-year return | +2.8% | -6.3% |
| 5-year return | -8.1% | +9.9% |
| Volatility (ann.) | 25.6% | 29.0% |
| Beta vs S&P 500 | 0.64 | 0.55 |
| Max drawdown (3Y) | -31.6% | -29.3% |
| Market cap | $0.9B | $0.6B |
| P/E (trailing) | 8.8 | 14.1 |
| Dividend yield | 16.36% | 12.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFA | TRTX |
|---|---|---|
| 2022 | -37.2% | -38.4% |
| 2023 | +30.7% | +9.7% |
| 2024 | +2.6% | +46.9% |
| 2025 | +6.1% | +13.5% |
| 2026 | +2.6% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFA and TRTX good diversifiers for each other?
To a limited degree. At 0.57 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 TRTX?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.59 over the last year and 0.62 over 5 years.
Is TRTX a good diversifier for MFA?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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-trtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mfa-vs-trtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MFA correlations · TRTX correlations
