ADC vs. PSEC

Last updated Apr 1, 2026

Compare and contrast key facts about Agree Realty Corporation (ADC) and Prospect Capital Corporation (PSEC).

Performance

ADC vs. PSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agree Realty Corporation (ADC) and Prospect Capital Corporation (PSEC). The values are adjusted to include any dividend payments, if applicable.

ADC vs. PSEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADC Agree Realty Corporation	5.75%	6.62%	17.20%	-7.07%	3.50%	11.28%	-1.40%	22.71%	19.75%	16.42%
PSEC Prospect Capital Corporation	5.88%	-28.86%	-18.16%	-4.13%	-8.61%	70.00%	-3.54%	13.83%	4.09%	-9.44%

Fundamentals

EPS ADC : $1.79 PSEC : -$0.86
PS Ratio ADC : 11.68 PSEC : 61.69
Total Revenue (TTM) ADC : $718.40M PSEC : $12.64M
Gross Profit (TTM) ADC : $648.34M PSEC : -$212.47M
EBITDA (TTM) ADC : $595.08M PSEC : -$257.87M

Returns By Period

The year-to-date returns for both investments are quite close, with ADC having a 5.75% return and PSEC slightly higher at 5.88%. Over the past 10 years, ADC has outperformed PSEC with an annualized return of 11.40%, while PSEC has yielded a comparatively lower 1.82% annualized return.

ADC

• 1D: 0.90%
• 1M: -6.01%
• YTD: 5.75%
• 6M: 8.38%
• 1Y: 1.86%
• 3Y*: 7.91%
• 5Y*: 6.50%
• 10Y*: 11.40%

PSEC

• 1D: 3.98%
• 1M: -2.32%
• YTD: 5.88%
• 6M: 4.98%
• 1Y: -23.27%
• 3Y*: -16.65%
• 5Y*: -9.07%
• 10Y*: 1.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ADC vs. PSEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADC

ADC Risk / Return Rank: 44
ADC Sharpe Ratio Rank: 46
ADC Sortino Ratio Rank: 37
ADC Omega Ratio Rank: 37
ADC Calmar Ratio Rank: 50
ADC Martin Ratio Rank: 48

PSEC

PSEC Risk / Return Rank: 16
PSEC Sharpe Ratio Rank: 12
PSEC Sortino Ratio Rank: 13
PSEC Omega Ratio Rank: 15
PSEC Calmar Ratio Rank: 17
PSEC Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADC vs. PSEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agree Realty Corporation (ADC) and Prospect Capital Corporation (PSEC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADC	PSEC	Difference
Sharpe ratio Return per unit of total volatility	0.11	-0.69	+0.80
Sortino ratio Return per unit of downside risk	0.28	-0.90	+1.18
Omega ratio Gain probability vs. loss probability	1.03	0.90	+0.14
Calmar ratio Return relative to maximum drawdown	0.31	-0.72	+1.03
Martin ratio Return relative to average drawdown	0.51	-1.04	+1.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADC vs. PSEC - Sharpe Ratio Comparison

The current ADC Sharpe Ratio is 0.11, which is higher than the PSEC Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of ADC and PSEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADC	PSEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	-0.69	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	-0.33	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.07	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.09	+0.29

Correlation

The correlation between ADC and PSEC is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADC vs. PSEC - Dividend Comparison

ADC's dividend yield for the trailing twelve months is around 4.12%, less than PSEC's 20.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADC Agree Realty Corporation	4.12%	4.28%	4.26%	4.64%	3.95%	3.65%	3.61%	3.25%	3.65%	3.94%	4.17%	5.43%
PSEC Prospect Capital Corporation	20.69%	20.85%	16.01%	12.02%	10.30%	8.56%	13.31%	11.18%	11.41%	13.45%	11.98%	14.72%

Drawdowns

ADC vs. PSEC - Drawdown Comparison

The maximum ADC drawdown since its inception was -70.25%, which is greater than PSEC's maximum drawdown of -61.51%. Use the drawdown chart below to compare losses from any high point for ADC and PSEC.

Drawdown Indicators

	ADC	PSEC	Difference
Max Drawdown Largest peak-to-trough decline	-70.25%	-61.51%	-8.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-32.01%	+22.61%
Max Drawdown (5Y) Largest decline over 5 years	-29.52%	-55.18%	+25.66%
Max Drawdown (10Y) Largest decline over 10 years	-39.00%	-55.18%	+16.18%
Current Drawdown Current decline from peak	-7.66%	-48.91%	+41.25%
Average Drawdown Average peak-to-trough decline	-9.65%	-15.32%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.76%	22.63%	-16.87%

Volatility

ADC vs. PSEC - Volatility Comparison

The current volatility for Agree Realty Corporation (ADC) is 4.39%, while Prospect Capital Corporation (PSEC) has a volatility of 9.13%. This indicates that ADC experiences smaller price fluctuations and is considered to be less risky than PSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADC	PSEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	9.13%	-4.74%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	24.68%	-13.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	33.68%	-16.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	27.28%	-8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.72%	26.86%	-3.14%

Financials

ADC vs. PSEC - Profitability Comparison

The chart below illustrates the profitability comparison between Agree Realty Corporation and Prospect Capital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ADC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Agree Realty Corporation reported a gross profit of 175.78M and revenue of 190.49M. Therefore, the gross margin over that period was 92.3%.

PSEC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Prospect Capital Corporation reported a gross profit of 0.00 and revenue of 133.90M. Therefore, the gross margin over that period was 0.0%.

ADC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Agree Realty Corporation reported an operating income of 92.43M and revenue of 190.49M, resulting in an operating margin of 48.5%.

PSEC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Prospect Capital Corporation reported an operating income of 0.00 and revenue of 133.90M, resulting in an operating margin of 0.0%.

ADC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Agree Realty Corporation reported a net income of 54.18M and revenue of 190.49M, resulting in a net margin of 28.4%.

PSEC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Prospect Capital Corporation reported a net income of 0.00 and revenue of 133.90M, resulting in a net margin of 0.0%.