Why AGNC Investment Ended Up Losing All Its Gains in 2021

It looked as though 2021 were shaping up to be a banner year for AGNC Investment (NASDAQ: AGNC), the mortgage real estate investment trust (REIT) that buys and sells packaged government-backed mortgages from Fannie Mae, Freddie Mac, and Ginnie Mae -- so-called agency mortgages (hence the REIT's name).

By June 1, AGNC's stock was flying high with a near-20% gain versus one of just 11% by the S&P 500, which went on to end the year with a muscular 27% increase, or more than twice its historical average.

The mREIT, on the other hand, saw all its gains wiped out and ended up losing 3.6% in 2021, according to data provided by S&P Global Market Intelligence.

Source Fool.com