PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BCSF vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BCSF vs. SPMO

Last updated Jun 4, 2026

BCSF (Bain Capital Specialty Finance, Inc.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 5 years, BCSF returned 6.86%/yr vs 24.29%/yr for SPMO. At a 0.32 correlation, their price movements are largely independent.

Performance

BCSF vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bain Capital Specialty Finance, Inc. (BCSF) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BCSF achieves a -4.96% return, which is significantly lower than SPMO's 30.35% return.

BCSF

1D
-4.34%
1M
-9.75%
YTD
-4.96%
6M
-4.05%
1Y
-6.23%
3Y*
13.06%
5Y*
6.86%
10Y*
—

SPMO

1D
0.50%
1M
15.36%
YTD
30.35%
6M
30.51%
1Y
46.00%
3Y*
43.04%
5Y*
24.29%
10Y*
20.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BCSF vs. SPMO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BCSF
Bain Capital Specialty Finance, Inc.		-4.96%-9.60%29.52%41.95%-13.31%36.98%-28.91%28.19%-4.60%
SPMO
Invesco S&P 500 Momentum ETF		30.35%26.58%45.82%17.56%-10.45%22.64%28.25%25.93%-7.36%

Correlation

The correlation between BCSF and SPMO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2018

0.32

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Bain Capital Specialty Finance, Inc.

Invesco S&P 500 Momentum ETF

Often compared with BCSF:
BCSF vs. HTGCBCSF vs. YCSBCSF vs. APOBCSF vs. AMALBCSF vs. NEWTBCSF vs. SARBCSF vs. AAPL
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

BCSF vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BCSF
BCSF Risk / Return Rank: 2626
Overall Rank
BCSF Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
BCSF Sortino Ratio Rank: 2424
Sortino Ratio Rank
BCSF Omega Ratio Rank: 2424
Omega Ratio Rank
BCSF Calmar Ratio Rank: 2727
Calmar Ratio Rank
BCSF Martin Ratio Rank: 2525
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7575
Overall Rank
SPMO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7777
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7777
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7373
Martin Ratio Rank
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.

BCSF vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bain Capital Specialty Finance, Inc. (BCSF) and Invesco S&P 500 Momentum ETF (SPMO). 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.

BCSFSPMODifference
Sharpe ratioReturn per unit of total volatility
-0.29
2.62

-2.91

Sortino ratioReturn per unit of downside risk
-0.27
3.54

-3.81

Omega ratioGain probability vs. loss probability

0.97

1.47

-0.50

Calmar ratioReturn relative to maximum drawdown

-0.39

3.64

-4.03

Martin ratioReturn relative to average drawdown

-0.81

14.17

-14.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCSF vs. SPMO - Sharpe Ratio Comparison

The current BCSF Sharpe Ratio is -0.29, which is lower than the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of BCSF and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BCSFSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.29

2.62

-2.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

1.27

-0.93

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.03

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

1.01

-0.80

Drawdowns

BCSF vs. SPMO - Drawdown Comparison

The maximum BCSF drawdown since its inception was -62.42%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BCSF and SPMO.

Loading charts...

Drawdown Indicators

BCSFSPMODifference

Max Drawdown

Largest peak-to-trough decline

-62.42%

-30.95%

-31.47%

Max Drawdown (1Y)

Largest decline over 1 year

-16.17%

-12.70%

-3.47%

Max Drawdown (3Y)

Largest decline over 3 years

-26.38%

-20.13%

-6.25%

Max Drawdown (5Y)

Largest decline over 5 years

-26.38%

-22.74%

-3.64%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.95%

—

Current Drawdown

Current decline from peak

-21.07%

0.00%

-21.07%

Average Drawdown

Average peak-to-trough decline

-12.27%

-4.60%

-7.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.75%

3.26%

+4.49%

Volatility

BCSF vs. SPMO - Volatility Comparison

The current volatility for Bain Capital Specialty Finance, Inc. (BCSF) is 5.97%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that BCSF experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BCSFSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.97%

7.35%

-1.38%

Volatility (6M)

Calculated over the trailing 6-month period

17.29%

14.39%

+2.90%

Volatility (1Y)

Calculated over the trailing 1-year period

21.42%

17.64%

+3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.26%

19.30%

+0.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.02%

20.31%

+10.71%

Dividends

BCSF vs. SPMO - Dividend Comparison

BCSF's dividend yield for the trailing twelve months is around 15.04%, more than SPMO's 0.65% yield.

PositionTTM20252024202320222021202020192018201720162015
BCSF
Bain Capital Specialty Finance, Inc.		15.04%14.02%10.27%10.62%11.60%8.94%11.73%8.30%2.44%0.00%0.00%0.00%
SPMO
Invesco S&P 500 Momentum ETF		0.65%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

BCSF and SPMO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMO has higher volatility (7.35%) compared to BCSF (5.97%). In terms of maximum drawdown, BCSF dropped -62.42% vs SPMO's -30.95%.

SPMO currently has the higher Sharpe Ratio (2.62 vs -0.29), 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.

Portfolio Optimizer

Find the right allocation for BCSF and SPMO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer