GBDC vs. MFIC
Compare and contrast key facts about Golub Capital BDC, Inc. (GBDC) and MidCap Financial Investment Corporation (MFIC).
Performance
GBDC vs. MFIC - Performance Comparison
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GBDC vs. MFIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | -5.31% | -0.50% | 13.57% | 27.69% | -6.99% | 17.78% | -14.73% | 21.09% | -2.20% | 6.27% |
MFIC MidCap Financial Investment Corporation | 1.30% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
Fundamentals
GBDC:
$1.36
MFIC:
$1.22
GBDC:
9.20
MFIC:
9.23
GBDC:
5.17
MFIC:
0.25
GBDC:
4.69
MFIC:
45.86
GBDC:
$708.34M
MFIC:
$15.28M
GBDC:
$510.52M
MFIC:
$103.18M
GBDC:
$338.37M
MFIC:
$108.24M
Returns By Period
In the year-to-date period, GBDC achieves a -5.31% return, which is significantly lower than MFIC's 1.30% return. Over the past 10 years, GBDC has underperformed MFIC with an annualized return of 6.13%, while MFIC has yielded a comparatively higher 7.96% annualized return.
GBDC
- 1D
- -1.26%
- 1M
- 4.64%
- YTD
- -5.31%
- 6M
- -2.21%
- 1Y
- -8.43%
- 3Y*
- 8.99%
- 5Y*
- 6.61%
- 10Y*
- 6.13%
MFIC
- 1D
- 0.00%
- 1M
- 14.40%
- YTD
- 1.30%
- 6M
- 1.20%
- 1Y
- -1.23%
- 3Y*
- 12.18%
- 5Y*
- 7.89%
- 10Y*
- 7.96%
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Return for Risk
GBDC vs. MFIC — Risk / Return Rank
GBDC
MFIC
GBDC vs. MFIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) and MidCap Financial Investment Corporation (MFIC). 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.
| GBDC | MFIC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.39 | -0.04 | -0.35 |
Sortino ratioReturn per unit of downside risk | -0.42 | 0.14 | -0.56 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.02 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.06 | -0.38 |
Martin ratioReturn relative to average drawdown | -0.98 | -0.15 | -0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBDC | MFIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | -0.04 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.35 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.27 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.15 | +0.23 |
Correlation
The correlation between GBDC and MFIC is 0.48, 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
GBDC vs. MFIC - Dividend Comparison
GBDC's dividend yield for the trailing twelve months is around 12.00%, less than MFIC's 12.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 12.00% | 11.50% | 12.73% | 10.00% | 9.35% | 7.58% | 8.44% | 7.70% | 8.49% | 7.47% | 8.32% | 7.70% |
MFIC MidCap Financial Investment Corporation | 12.90% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
Drawdowns
GBDC vs. MFIC - Drawdown Comparison
The maximum GBDC drawdown since its inception was -47.30%, smaller than the maximum MFIC drawdown of -87.97%. Use the drawdown chart below to compare losses from any high point for GBDC and MFIC.
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Drawdown Indicators
| GBDC | MFIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.30% | -87.97% | +40.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | -23.46% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -26.97% | +7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -47.30% | -67.77% | +20.47% |
Current DrawdownCurrent decline from peak | -12.34% | -11.47% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -17.58% | +11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.20% | 8.57% | -0.37% |
Volatility
GBDC vs. MFIC - Volatility Comparison
The current volatility for Golub Capital BDC, Inc. (GBDC) is 7.20%, while MidCap Financial Investment Corporation (MFIC) has a volatility of 8.18%. This indicates that GBDC experiences smaller price fluctuations and is considered to be less risky than MFIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBDC | MFIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 8.18% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 19.11% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 28.43% | -6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 22.78% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 29.99% | -8.60% |
Financials
GBDC vs. MFIC - Financials Comparison
This section allows you to compare key financial metrics between Golub Capital BDC, Inc. and MidCap Financial 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.
Total Revenue: Total amount of money received from sales and other business activities
GBDC vs. MFIC - Profitability Comparison
GBDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Golub Capital BDC, Inc. reported a gross profit of 0.00 and revenue of 203.49M. Therefore, the gross margin over that period was 0.0%.
MFIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MidCap Financial Investment Corporation reported a gross profit of 0.00 and revenue of -163.58M. Therefore, the gross margin over that period was 0.0%.
GBDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Golub Capital BDC, Inc. reported an operating income of 0.00 and revenue of 203.49M, resulting in an operating margin of 0.0%.
MFIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MidCap Financial Investment Corporation reported an operating income of 0.00 and revenue of -163.58M, resulting in an operating margin of 0.0%.
GBDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Golub Capital BDC, Inc. reported a net income of 95.76M and revenue of 203.49M, resulting in a net margin of 47.1%.
MFIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MidCap Financial Investment Corporation reported a net income of 0.00 and revenue of -163.58M, resulting in a net margin of 0.0%.