RITM vs STWD: Correlation
How closely do Rithm Capital Corp. (RITM) and STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. (STWD) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RITM and STWD?
Over the past 3 years, RITM and STWD moved with a correlation of 0.66, which is strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.66). Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 268.3 %².
By 3-year correlation, STWD places #6 of the 17 assets tracked against RITM. Neither side won the trailing year by much: -10.6% 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.
RITM vs STWD: side by side
| RITM (Rithm Capital Corp.) | STWD (STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc.) | |
|---|---|---|
| 1-year return | -10.6% | -11.8% |
| 5-year return | +53.6% | +0.5% |
| Volatility (ann.) | 20.9% | 19.3% |
| Beta vs S&P 500 | 0.67 | 0.65 |
| Max drawdown (3Y) | -27.3% | -15.8% |
| Market cap | $5.6B | $6.1B |
| P/E (trailing) | 16.7 | 27.0 |
| Dividend yield | 9.92% | 12.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RITM | STWD |
|---|---|---|
| 2022 | -14.4% | -17.3% |
| 2023 | +45.6% | +26.7% |
| 2024 | +11.1% | -0.6% |
| 2025 | +10.1% | +4.9% |
| 2026 | -3.1% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RITM and STWD good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RITM and STWD?
As of 2026-08-27, the correlation of weekly returns between RITM and STWD is 0.66 over 3 years, 0.44 over 1 year and 0.76 over 5 years.
Is STWD a good diversifier for RITM?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 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/ritm-vs-stwd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ritm-vs-stwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RITM correlations · STWD correlations
