GAIN vs. HRZN
GAIN (Gladstone Investment Corporation) and HRZN (Horizon Technology Finance Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, GAIN returned 18.56%/yr vs 2.04%/yr for HRZN. At a 0.37 correlation, their price movements are largely independent.
Performance
GAIN vs. HRZN - Performance Comparison
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Returns By Period
In the year-to-date period, GAIN achieves a 8.56% return, which is significantly higher than HRZN's -22.06% return. Over the past 10 years, GAIN has outperformed HRZN with an annualized return of 18.56%, while HRZN has yielded a comparatively lower 2.04% annualized return.
GAIN
- 1D
- -0.14%
- 1M
- -7.17%
- YTD
- 8.56%
- 6M
- 10.38%
- 1Y
- 11.56%
- 3Y*
- 19.05%
- 5Y*
- 12.21%
- 10Y*
- 18.56%
HRZN
- 1D
- -1.42%
- 1M
- 16.35%
- YTD
- -22.06%
- 6M
- -21.21%
- 1Y
- -24.65%
- 3Y*
- -14.96%
- 5Y*
- -13.03%
- 10Y*
- 2.04%
GAIN vs. HRZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAIN Gladstone Investment Corporation | 8.56% | 17.11% | 5.33% | 31.01% | -17.55% | 82.14% | -16.56% | 53.31% | -9.67% | 44.63% |
HRZN Horizon Technology Finance Corporation | -22.06% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 26.88% | 11.71% | 18.62% |
Correlation
The correlation between GAIN and HRZN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2010 | 0.37 |
The correlation between GAIN and HRZN shifts across timeframes, from 0.34 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GAIN:
$3.40
HRZN:
$0.63
GAIN:
4.34
HRZN:
6.56
GAIN:
0.10
HRZN:
0.13
GAIN:
5.02
HRZN:
3.46
GAIN:
$112.66M
HRZN:
$53.12M
GAIN:
$80.66M
HRZN:
$47.15M
GAIN:
$57.95M
HRZN:
$51.20M
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Return for Risk
GAIN vs. HRZN — Risk / Return Rank
GAIN
HRZN
GAIN vs. HRZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Investment Corporation (GAIN) and Horizon Technology Finance Corporation (HRZN). 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.
| GAIN | HRZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.92 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.53 | +1.44 |
| Martin ratioReturn relative to average drawdown | 3.42 | -0.94 | +4.36 |
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Drawdowns
GAIN vs. HRZN - Drawdown Comparison
The maximum GAIN drawdown since its inception was -80.87%, which is greater than HRZN's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for GAIN and HRZN.
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Drawdown Indicators
| GAIN | HRZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.87% | -62.57% | -18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -46.88% | +34.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -59.36% | +44.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -62.57% | +36.31% |
Max Drawdown (10Y)Largest decline over 10 years | -56.28% | -62.57% | +6.29% |
Current DrawdownCurrent decline from peak | -12.75% | -54.23% | +41.48% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -13.41% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 26.24% | -22.85% |
Volatility
GAIN vs. HRZN - Volatility Comparison
The current volatility for Gladstone Investment Corporation (GAIN) is 6.40%, while Horizon Technology Finance Corporation (HRZN) has a volatility of 18.30%. This indicates that GAIN experiences smaller price fluctuations and is considered to be less risky than HRZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAIN | HRZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 18.30% | -11.90% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 41.25% | -24.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 43.82% | -24.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.30% | 31.88% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.72% | 36.68% | -10.96% |
Dividends
GAIN vs. HRZN - Dividend Comparison
GAIN's dividend yield for the trailing twelve months is around 5.96%, less than HRZN's 37.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAIN Gladstone Investment Corporation | 5.96% | 10.74% | 12.53% | 17.24% | 9.88% | 6.06% | 9.22% | 7.06% | 9.24% | 7.94% | 8.87% | 9.68% |
HRZN Horizon Technology Finance Corporation | 37.03% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
Financials
GAIN vs. HRZN - Financials Comparison
This section allows you to compare key financial metrics between Gladstone Investment Corporation and Horizon Technology Finance 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
GAIN and HRZN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (18.30%) compared to GAIN (6.40%). In terms of maximum drawdown, GAIN dropped -80.87% vs HRZN's -62.57%.
GAIN currently has the higher Sharpe Ratio (0.61 vs -0.57), 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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