CSWC vs. BBDC

Last updated Apr 1, 2026

Compare and contrast key facts about Capital Southwest Corporation (CSWC) and Barings BDC, Inc. (BBDC).

Performance

CSWC vs. BBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Southwest Corporation (CSWC) and Barings BDC, Inc. (BBDC). The values are adjusted to include any dividend payments, if applicable.

CSWC vs. BBDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CSWC Capital Southwest Corporation	2.75%	14.28%	2.14%	56.10%	-24.63%	57.40%	-1.56%	22.80%	9.42%
BBDC Barings BDC, Inc.	-7.54%	8.84%	23.86%	18.53%	-18.59%	29.31%	-3.48%	20.40%	-13.52%

Fundamentals

EPS CSWC : $1.65 BBDC : $400.78
PE Ratio CSWC : 13.38 BBDC : 0.02
PS Ratio CSWC : 6.71 BBDC : 3.03
Total Revenue (TTM) CSWC : $213.56M BBDC : $190.47M
Gross Profit (TTM) CSWC : $105.62M BBDC : $115.30M
EBITDA (TTM) CSWC : $87.11M BBDC : $100.74M

Returns By Period

In the year-to-date period, CSWC achieves a 2.75% return, which is significantly higher than BBDC's -7.54% return.

CSWC

• 1D: 2.98%
• 1M: 2.34%
• YTD: 2.75%
• 6M: 7.32%
• 1Y: 11.41%
• 3Y*: 20.27%
• 5Y*: 11.43%
• 10Y*: 16.43%

BBDC

• 1D: 1.60%
• 1M: 0.56%
• YTD: -7.54%
• 6M: -0.22%
• 1Y: -2.12%
• 3Y*: 13.78%
• 5Y*: 6.68%
• 10Y*: —

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

Return for Risk

CSWC vs. BBDC — Risk / Return Rank

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

CSWC

CSWC Risk / Return Rank: 55
CSWC Sharpe Ratio Rank: 59
CSWC Sortino Ratio Rank: 51
CSWC Omega Ratio Rank: 52
CSWC Calmar Ratio Rank: 56
CSWC Martin Ratio Rank: 59

BBDC

BBDC Risk / Return Rank: 34
BBDC Sharpe Ratio Rank: 37
BBDC Sortino Ratio Rank: 31
BBDC Omega Ratio Rank: 31
BBDC Calmar Ratio Rank: 37
BBDC Martin Ratio Rank: 35

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.

CSWC vs. BBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Southwest Corporation (CSWC) and Barings BDC, Inc. (BBDC). 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.

	CSWC	BBDC	Difference
Sharpe ratio Return per unit of total volatility	0.46	-0.10	+0.56
Sortino ratio Return per unit of downside risk	0.80	0.01	+0.79
Omega ratio Gain probability vs. loss probability	1.11	1.00	+0.11
Calmar ratio Return relative to maximum drawdown	0.56	-0.16	+0.73
Martin ratio Return relative to average drawdown	1.73	-0.47	+2.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSWC vs. BBDC - Sharpe Ratio Comparison

The current CSWC Sharpe Ratio is 0.46, which is higher than the BBDC Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of CSWC and BBDC, 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

	CSWC	BBDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	-0.10	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.35	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.25	+0.02

Correlation

The correlation between CSWC and BBDC is 0.49, 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.

Dividends

CSWC vs. BBDC - Dividend Comparison

CSWC's dividend yield for the trailing twelve months is around 11.58%, less than BBDC's 13.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSWC Capital Southwest Corporation	11.58%	11.56%	11.59%	10.21%	12.46%	10.13%	11.49%	13.07%	10.77%	7.01%	2.35%	0.72%
BBDC Barings BDC, Inc.	13.85%	12.96%	10.87%	11.89%	11.66%	7.44%	7.07%	5.25%	21.24%	0.00%	0.00%	0.00%

Drawdowns

CSWC vs. BBDC - Drawdown Comparison

The maximum CSWC drawdown since its inception was -77.32%, which is greater than BBDC's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for CSWC and BBDC.

Drawdown Indicators

	CSWC	BBDC	Difference
Max Drawdown Largest peak-to-trough decline	-77.32%	-48.45%	-28.87%
Max Drawdown (1Y) Largest decline over 1 year	-19.83%	-17.03%	-2.80%
Max Drawdown (5Y) Largest decline over 5 years	-33.66%	-27.55%	-6.11%
Max Drawdown (10Y) Largest decline over 10 years	-61.15%	—	—
Current Drawdown Current decline from peak	-4.85%	-10.67%	+5.82%
Average Drawdown Average peak-to-trough decline	-26.13%	-8.04%	-18.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.47%	6.10%	+0.37%

Volatility

CSWC vs. BBDC - Volatility Comparison

The current volatility for Capital Southwest Corporation (CSWC) is 5.89%, while Barings BDC, Inc. (BBDC) has a volatility of 6.29%. This indicates that CSWC experiences smaller price fluctuations and is considered to be less risky than BBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSWC	BBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	6.29%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	15.11%	13.12%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	24.80%	21.57%	+3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.78%	18.95%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	24.20%	+3.13%

Financials