APO vs. BCSF

Last updated Jun 5, 2026

APO (Apollo Global Management, Inc.) and BCSF (Bain Capital Specialty Finance, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, APO returned 19.87%/yr vs 7.62%/yr for BCSF. At a 0.36 correlation, their price movements are largely independent.

Performance

APO vs. BCSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apollo Global Management, Inc. (APO) and Bain Capital Specialty Finance, Inc. (BCSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APO achieves a -10.56% return, which is significantly lower than BCSF's -1.53% return.

APO

• 1D: 3.26%
• 1M: -1.04%
• YTD: -10.56%
• 6M: -5.32%
• 1Y: 0.12%
• 3Y*: 24.07%
• 5Y*: 19.87%
• 10Y*: 27.89%

BCSF

• 1D: 3.60%
• 1M: -5.90%
• YTD: -1.53%
• 6M: -0.94%
• 1Y: -2.23%
• 3Y*: 14.13%
• 5Y*: 7.62%
• 10Y*: —

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

APO vs. BCSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
APO Apollo Global Management, Inc.	-10.56%	-11.12%	79.87%	49.44%	-9.59%	53.25%	8.00%	106.46%	-11.72%
BCSF Bain Capital Specialty Finance, Inc.	-1.53%	-9.60%	29.52%	41.95%	-13.31%	36.98%	-28.91%	28.19%	-4.60%

Correlation

The correlation between APO and BCSF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018	0.36

The correlation between APO and BCSF shifts across timeframes, from 0.34 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap APO : $76.40B BCSF : $858.21M
EPS APO : $3.58 BCSF : $1.50
PE Ratio APO : 35.85 BCSF : 8.79
PS Ratio APO : 2.60 BCSF : 3.62
PB Ratio APO : 4.12 BCSF : 0.78
Total Revenue (TTM) APO : $29.68B BCSF : $237.34M
Gross Profit (TTM) APO : $26.52B BCSF : $150.81M
EBITDA (TTM) APO : $9.28B BCSF : -$29.62M

Return for Risk

APO vs. BCSF — Risk / Return Rank

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

APO

APO Risk / Return Rank: 39
APO Sharpe Ratio Rank: 42
APO Sortino Ratio Rank: 36
APO Omega Ratio Rank: 37
APO Calmar Ratio Rank: 41
APO Martin Ratio Rank: 41

BCSF

BCSF Risk / Return Rank: 34
BCSF Sharpe Ratio Rank: 37
BCSF Sortino Ratio Rank: 31
BCSF Omega Ratio Rank: 31
BCSF Calmar Ratio Rank: 37
BCSF Martin Ratio Rank: 36

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.

APO vs. BCSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apollo Global Management, Inc. (APO) and Bain Capital Specialty Finance, Inc. (BCSF). 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.

	APO	BCSF	Difference
Sharpe ratio: Return per unit of total volatility	0.00	-0.10	+0.11
Sortino ratio: Return per unit of downside risk	0.25	0.01	+0.24
Omega ratio: Gain probability vs. loss probability	1.03	1.00	+0.03
Calmar ratio: Return relative to maximum drawdown	0.00	-0.14	+0.14
Martin ratio: Return relative to average drawdown	0.01	-0.29	+0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APO vs. BCSF - Sharpe Ratio Comparison

The current APO Sharpe Ratio is 0.00, which is higher than the BCSF Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of APO and BCSF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APO	BCSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	-0.10	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.38	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.23	+0.35

Drawdowns

APO vs. BCSF - Drawdown Comparison

The maximum APO drawdown since its inception was -56.99%, smaller than the maximum BCSF drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for APO and BCSF.

Drawdown Indicators

	APO	BCSF	Difference
Max Drawdown Largest peak-to-trough decline	-56.99%	-62.42%	+5.43%
Max Drawdown (1Y) Largest decline over 1 year	-34.97%	-16.17%	-18.80%
Max Drawdown (3Y) Largest decline over 3 years	-42.82%	-26.38%	-16.44%
Max Drawdown (5Y) Largest decline over 5 years	-42.82%	-26.38%	-16.44%
Max Drawdown (10Y) Largest decline over 10 years	-53.48%	—	—
Current Drawdown Current decline from peak	-26.49%	-18.22%	-8.27%
Average Drawdown Average peak-to-trough decline	-16.37%	-12.27%	-4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.55%	7.77%	+8.78%

Volatility

APO vs. BCSF - Volatility Comparison

Apollo Global Management, Inc. (APO) has a higher volatility of 8.71% compared to Bain Capital Specialty Finance, Inc. (BCSF) at 7.20%. This indicates that APO's price experiences larger fluctuations and is considered to be riskier than BCSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APO	BCSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	7.20%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	27.27%	17.65%	+9.62%
Volatility (1Y) Calculated over the trailing 1-year period	35.29%	21.72%	+13.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.07%	20.32%	+16.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.81%	31.03%	+6.78%

Dividends

APO vs. BCSF - Dividend Comparison

APO's dividend yield for the trailing twelve months is around 1.63%, less than BCSF's 14.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APO Apollo Global Management, Inc.	1.63%	1.38%	1.10%	1.81%	2.51%	2.90%	4.72%	4.23%	7.86%	5.53%	6.46%	12.91%
BCSF Bain Capital Specialty Finance, Inc.	14.51%	14.02%	10.27%	10.62%	11.60%	8.94%	11.73%	8.30%	2.44%	0.00%	0.00%	0.00%

Financials

APO vs. BCSF - Profitability Comparison

The chart below illustrates the profitability comparison between Apollo Global Management, Inc. and Bain Capital Specialty Finance, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

APO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a gross profit of 4.93B and revenue of 4.93B. Therefore, the gross margin over that period was 100.0%.

BCSF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bain Capital Specialty Finance, Inc. reported a gross profit of 0.00 and revenue of 50.13M. Therefore, the gross margin over that period was 0.0%.

APO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported an operating income of 330.00M and revenue of 4.93B, resulting in an operating margin of 6.7%.

BCSF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bain Capital Specialty Finance, Inc. reported an operating income of 0.00 and revenue of 50.13M, resulting in an operating margin of 0.0%.

APO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apollo Global Management, Inc. reported a net income of -1.91B and revenue of 4.93B, resulting in a net margin of -38.7%.

BCSF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bain Capital Specialty Finance, Inc. reported a net income of 27.36M and revenue of 50.13M, resulting in a net margin of 54.6%.

Frequently Asked Questions

Can I hold both APO and BCSF in my portfolio?

APO and BCSF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APO or BCSF?

APO has higher volatility (8.71%) compared to BCSF (7.20%). In terms of maximum drawdown, APO dropped -56.99% vs BCSF's -62.42%.

Which has better risk-adjusted returns?

APO currently has the higher Sharpe Ratio (0.00 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.