CSWC vs. NEWT
CSWC (Capital Southwest Corporation) and NEWT (Newtek Business Services Corp.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CSWC returned 17.03%/yr vs 10.56%/yr for NEWT. At a 0.15 correlation, their price movements are largely independent.
Performance
CSWC vs. NEWT - Performance Comparison
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Returns By Period
In the year-to-date period, CSWC achieves a 10.72% return, which is significantly lower than NEWT's 23.10% return. Over the past 10 years, CSWC has outperformed NEWT with an annualized return of 17.03%, while NEWT has yielded a comparatively lower 10.56% annualized return.
CSWC
- 1D
- 0.96%
- 1M
- 3.00%
- YTD
- 10.72%
- 6M
- 14.07%
- 1Y
- 22.41%
- 3Y*
- 19.70%
- 5Y*
- 10.16%
- 10Y*
- 17.03%
NEWT
- 1D
- -1.22%
- 1M
- 2.69%
- YTD
- 23.10%
- 6M
- 20.13%
- 1Y
- 41.36%
- 3Y*
- 1.75%
- 5Y*
- -10.25%
- 10Y*
- 10.56%
CSWC vs. NEWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 10.72% | 14.28% | 2.14% | 56.10% | -24.63% | 57.40% | -1.56% | 22.80% | 29.52% | 9.99% |
NEWT Newtek Business Services Corp. | 23.10% | -4.90% | -1.56% | -10.65% | -32.96% | 55.76% | -1.80% | 42.85% | 3.21% | 27.51% |
Correlation
The correlation between CSWC and NEWT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2000 | 0.15 |
Over the past year, CSWC and NEWT have become more correlated (0.48) than their long-term average of 0.15, meaning their price movements have been converging.
Fundamentals
CSWC:
$1.45B
NEWT:
$428.21M
CSWC:
$1.76
NEWT:
$2.39
CSWC:
13.19
NEWT:
5.75
CSWC:
1.00
NEWT:
6.73
CSWC:
6.71
NEWT:
1.12
CSWC:
1.43
NEWT:
1.20
CSWC:
$222.04M
NEWT:
$331.88M
CSWC:
$172.70M
NEWT:
$233.96M
CSWC:
$142.78M
NEWT:
$130.57M
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Return for Risk
CSWC vs. NEWT — Risk / Return Rank
CSWC
NEWT
CSWC vs. NEWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Southwest Corporation (CSWC) and Newtek Business Services Corp. (NEWT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSWC | NEWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.52 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.58 | 3.84 | +0.74 |
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Drawdowns
CSWC vs. NEWT - Drawdown Comparison
The maximum CSWC drawdown since its inception was -68.33%, smaller than the maximum NEWT drawdown of -97.33%. Use the drawdown chart below to compare losses from any high point for CSWC and NEWT.
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Drawdown Indicators
| CSWC | NEWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -97.33% | +29.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.75% | -27.35% | +11.60% |
Max Drawdown (3Y)Largest decline over 3 years | -27.74% | -45.77% | +18.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.66% | -64.04% | +30.38% |
Max Drawdown (10Y)Largest decline over 10 years | -61.15% | -65.66% | +4.51% |
Current DrawdownCurrent decline from peak | -2.70% | -46.31% | +43.61% |
Average DrawdownAverage peak-to-trough decline | -18.34% | -51.64% | +33.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 10.80% | -5.89% |
Volatility
CSWC vs. NEWT - Volatility Comparison
The current volatility for Capital Southwest Corporation (CSWC) is 4.82%, while Newtek Business Services Corp. (NEWT) has a volatility of 11.24%. This indicates that CSWC experiences smaller price fluctuations and is considered to be less risky than NEWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSWC | NEWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 11.24% | -6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 28.15% | -14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 35.19% | -16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 40.93% | -18.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 39.25% | -11.83% |
Dividends
CSWC vs. NEWT - Dividend Comparison
CSWC's dividend yield for the trailing twelve months is around 11.04%, more than NEWT's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 11.04% | 11.56% | 11.59% | 10.21% | 12.46% | 10.13% | 11.49% | 13.07% | 10.77% | 7.01% | 2.35% | 216.86% |
NEWT Newtek Business Services Corp. | 5.53% | 6.70% | 5.95% | 5.22% | 17.54% | 11.40% | 10.41% | 9.49% | 10.32% | 8.87% | 12.14% | 28.28% |
Financials
CSWC vs. NEWT - Financials Comparison
This section allows you to compare key financial metrics between Capital Southwest Corporation and Newtek Business Services Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CSWC vs. NEWT - Profitability Comparison
CSWC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported a gross profit of 54.00M and revenue of 54.00M. Therefore, the gross margin over that period was 100.0%.
NEWT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Newtek Business Services Corp. reported a gross profit of 59.99M and revenue of 73.29M. Therefore, the gross margin over that period was 81.9%.
CSWC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported an operating income of 44.66M and revenue of 54.00M, resulting in an operating margin of 82.7%.
NEWT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Newtek Business Services Corp. reported an operating income of 46.10M and revenue of 73.29M, resulting in an operating margin of 62.9%.
CSWC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported a net income of 27.48M and revenue of 54.00M, resulting in a net margin of 50.9%.
NEWT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Newtek Business Services Corp. reported a net income of 13.40M and revenue of 73.29M, resulting in a net margin of 18.3%.
Frequently Asked Questions
CSWC and NEWT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEWT has higher volatility (11.24%) compared to CSWC (4.82%). In terms of maximum drawdown, CSWC dropped -68.33% vs NEWT's -97.33%.
CSWC currently has the higher Sharpe Ratio (1.19 vs 1.18), 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.
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