MITT vs TRTX: Correlation
Measured on weekly returns over the past three years, TPG Mortgage Investment Trust, Inc. (MITT) and TPG RE Finance Trust, Inc. (TRTX) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MITT and TRTX?
On 3 years of weekly data the MITT/TRTX correlation comes out at 0.58, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.58). The 5-year figure is 0.59, and annualized covariance runs at 484.8 %².
Within MITT's tracked universe of 13 assets, TRTX comes in at #6 by 3-year correlation. On 12-month performance MITT holds a 6.6-point edge, +0.3% against -6.3%.
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.
MITT vs TRTX: side by side
| MITT (TPG Mortgage Investment Trust, Inc.) | TRTX (TPG RE Finance Trust, Inc.) | |
|---|---|---|
| 1-year return | +0.3% | -6.3% |
| 5-year return | +11.0% | +9.9% |
| Volatility (ann.) | 28.8% | 29.0% |
| Beta vs S&P 500 | 0.75 | 0.55 |
| Max drawdown (3Y) | -26.9% | -29.3% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | 8.9 | 14.1 |
| Dividend yield | 13.86% | 12.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITT | TRTX |
|---|---|---|
| 2022 | -41.0% | -38.4% |
| 2023 | +35.8% | +9.7% |
| 2024 | +17.1% | +46.9% |
| 2025 | +42.8% | +13.5% |
| 2026 | -16.7% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITT and TRTX good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MITT and TRTX?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.70 over the last year and 0.59 over 5 years.
Is TRTX a good diversifier for MITT?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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/mitt-vs-trtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mitt-vs-trtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MITT correlations · TRTX correlations
