PFSI vs PMT: Correlation
How closely do PennyMac Financial Services, Inc. (PFSI) and PennyMac Mortgage Investment Trust (PMT) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFSI and PMT?
Across a 3-year window, the weekly returns of PFSI and PMT correlate at 0.60, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.65, with an annualized covariance of 540.5 %².
PMT is one of the assets that tracks PFSI most closely: it ranks #3 out of the 14 assets we track against PFSI. The last year tells two different stories: PMT led by 19.5 percentage points, -31.3% for PFSI against -11.8% for PMT.
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.
PFSI vs PMT: side by side
| PFSI (PennyMac Financial Services, Inc.) | PMT (PennyMac Mortgage Investment Trust) | |
|---|---|---|
| 1-year return | -31.3% | -11.8% |
| 5-year return | +17.5% | -9.4% |
| Volatility (ann.) | 34.9% | 25.8% |
| Beta vs S&P 500 | 0.57 | 0.49 |
| Max drawdown (3Y) | -53.8% | -28.1% |
| Market cap | $3.8B | – |
| P/E (trailing) | 10.0 | 6.5 |
| Dividend yield | 1.65% | 17.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFSI | PMT |
|---|---|---|
| 2022 | -17.6% | -18.1% |
| 2023 | +57.8% | +36.1% |
| 2024 | +16.8% | -5.4% |
| 2025 | +30.5% | +13.2% |
| 2026 | -43.6% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFSI and PMT good diversifiers for each other?
Only partially. A correlation of 0.60 means PFSI 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 PFSI and PMT?
As of 2026-08-27, the correlation of weekly returns between PFSI and PMT is 0.60 over 3 years, 0.67 over 1 year and 0.65 over 5 years.
Is PMT a good diversifier for PFSI?
Only partially. A correlation of 0.60 means PFSI 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 0.60 mean?
A reading of 0.60 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/pfsi-vs-pmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfsi-vs-pmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PFSI correlations · PMT correlations
