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CGBD vs. PNNT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between CGBD and PNNT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

CGBD vs. PNNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCG BDC, Inc. (CGBD) and PennantPark Investment Corporation (PNNT). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%140.00%December2025FebruaryMarchAprilMay
59.93%
109.42%
CGBD
PNNT

Key characteristics

Sharpe Ratio

CGBD:

-0.69

PNNT:

0.18

Sortino Ratio

CGBD:

-0.80

PNNT:

0.39

Omega Ratio

CGBD:

0.89

PNNT:

1.06

Calmar Ratio

CGBD:

-0.64

PNNT:

0.23

Martin Ratio

CGBD:

-1.98

PNNT:

0.60

Ulcer Index

CGBD:

8.09%

PNNT:

6.95%

Daily Std Dev

CGBD:

23.27%

PNNT:

23.70%

Max Drawdown

CGBD:

-71.62%

PNNT:

-82.16%

Current Drawdown

CGBD:

-24.53%

PNNT:

-9.82%

Fundamentals

Market Cap

CGBD:

$1.05B

PNNT:

$426.38M

EPS

CGBD:

$1.58

PNNT:

$0.84

PE Ratio

CGBD:

9.12

PNNT:

7.77

PEG Ratio

CGBD:

3.54

PNNT:

0.28

PS Ratio

CGBD:

4.72

PNNT:

2.99

PB Ratio

CGBD:

1.28

PNNT:

0.85

Total Revenue (TTM)

CGBD:

$151.45M

PNNT:

$81.19M

Gross Profit (TTM)

CGBD:

$117.52M

PNNT:

$61.12M

EBITDA (TTM)

CGBD:

$115.72M

PNNT:

$44.49M

Returns By Period

In the year-to-date period, CGBD achieves a -21.87% return, which is significantly lower than PNNT's -5.12% return.


CGBD

YTD

-21.87%

1M

-1.94%

6M

-14.40%

1Y

-17.16%

5Y*

20.57%

10Y*

N/A

PNNT

YTD

-5.12%

1M

7.14%

6M

-1.64%

1Y

2.44%

5Y*

30.24%

10Y*

8.53%

*Annualized

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Risk-Adjusted Performance

CGBD vs. PNNT — Risk-Adjusted Performance Rank

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

CGBD
The Risk-Adjusted Performance Rank of CGBD is 1212
Overall Rank
The Sharpe Ratio Rank of CGBD is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of CGBD is 1717
Sortino Ratio Rank
The Omega Ratio Rank of CGBD is 1717
Omega Ratio Rank
The Calmar Ratio Rank of CGBD is 1212
Calmar Ratio Rank
The Martin Ratio Rank of CGBD is 11
Martin Ratio Rank

PNNT
The Risk-Adjusted Performance Rank of PNNT is 5656
Overall Rank
The Sharpe Ratio Rank of PNNT is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of PNNT is 4848
Sortino Ratio Rank
The Omega Ratio Rank of PNNT is 5050
Omega Ratio Rank
The Calmar Ratio Rank of PNNT is 6363
Calmar Ratio Rank
The Martin Ratio Rank of PNNT is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CGBD vs. PNNT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TCG BDC, Inc. (CGBD) and PennantPark Investment Corporation (PNNT). 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.


The current CGBD Sharpe Ratio is -0.69, which is lower than the PNNT Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of CGBD and PNNT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50December2025FebruaryMarchAprilMay
-0.74
0.10
CGBD
PNNT

Dividends

CGBD vs. PNNT - Dividend Comparison

CGBD's dividend yield for the trailing twelve months is around 7.11%, less than PNNT's 14.82% yield.


TTM20242023202220212020201920182017201620152014
CGBD
TCG BDC, Inc.
7.11%5.13%5.88%7.97%7.36%14.33%11.06%13.55%6.14%0.00%0.00%0.00%
PNNT
PennantPark Investment Corporation
14.82%12.85%11.65%10.43%6.93%11.71%11.03%11.30%10.42%14.62%18.12%11.75%

Drawdowns

CGBD vs. PNNT - Drawdown Comparison

The maximum CGBD drawdown since its inception was -71.62%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for CGBD and PNNT. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-24.53%
-9.82%
CGBD
PNNT

Volatility

CGBD vs. PNNT - Volatility Comparison

TCG BDC, Inc. (CGBD) has a higher volatility of 12.72% compared to PennantPark Investment Corporation (PNNT) at 11.81%. This indicates that CGBD's price experiences larger fluctuations and is considered to be riskier than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%December2025FebruaryMarchAprilMay
12.72%
11.81%
CGBD
PNNT

Financials

CGBD vs. PNNT - Financials Comparison

This section allows you to compare key financial metrics between TCG BDC, Inc. and PennantPark Investment Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


10.00M20.00M30.00M40.00M50.00M60.00M70.00MAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
44.50M
31.65M
(CGBD) Total Revenue
(PNNT) Total Revenue
Values in USD except per share items

CGBD vs. PNNT - Profitability Comparison

The chart below illustrates the profitability comparison between TCG BDC, Inc. and PennantPark Investment Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

-50.0%0.0%50.0%100.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
53.1%
58.7%
(CGBD) Gross Margin
(PNNT) Gross Margin
CGBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, TCG BDC, Inc. reported a gross profit of 23.63M and revenue of 44.50M. Therefore, the gross margin over that period was 53.1%.

PNNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, PennantPark Investment Corporation reported a gross profit of 18.57M and revenue of 31.65M. Therefore, the gross margin over that period was 58.7%.

CGBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, TCG BDC, Inc. reported an operating income of 21.54M and revenue of 44.50M, resulting in an operating margin of 48.4%.

PNNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, PennantPark Investment Corporation reported an operating income of 16.82M and revenue of 31.65M, resulting in an operating margin of 53.2%.

CGBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, TCG BDC, Inc. reported a net income of 21.36M and revenue of 44.50M, resulting in a net margin of 48.0%.

PNNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, PennantPark Investment Corporation reported a net income of 16.08M and revenue of 31.65M, resulting in a net margin of 50.8%.