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DX
vs
S&P 500
DX
S&P 500
Over the past 12 months, DX has underperformed S&P 500, delivering a return of -19% compared to S&P 500's +16% growth.
Stocks Performance
DX vs S&P 500
Performance Gap
DX vs S&P 500
Performance By Year
DX vs S&P 500
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Dynex Capital Inc
Glance View
Dynex Capital is a real estate investment trust that makes money by owning mortgage-backed securities, mainly those backed by U.S. government agencies. In simple terms, it buys pools of home loans, finances them mostly with short-term borrowing, and earns the spread between the income from the securities and the cost of that funding. It also uses hedging to manage interest-rate risk, since its business depends heavily on the relationship between long-term mortgage yields and short-term borrowing costs. The company does not sell products to households or businesses in the usual sense. Its main counterparties are financial institutions that provide financing, and the broader market for agency mortgage securities is its core asset base. The people who ultimately matter to its results are investors who buy its stock, because Dynex is structured to pass along most of its taxable income rather than retain earnings like an operating company. What makes Dynex different is that it sits in the middle of the mortgage finance system rather than originating home loans or servicing them. It acts as a capital provider that helps absorb and fund mortgage debt after it has been created, which gives the housing market another source of demand for agency mortgage securities. That makes the business model highly tied to interest rates, funding conditions, and the supply of mortgage-backed securities rather than to retail customers or physical products.