GECC vs. AGNC

Last updated Jun 4, 2026

GECC (Great Elm Capital Corp.) and AGNC (AGNC Investment Corp.) are both stocks. GECC operates in Asset Management (Financial Services), while AGNC operates in REIT - Mortgage (Real Estate). Over the past 5 years, GECC returned -10.35%/yr vs 1.55%/yr for AGNC. At a 0.16 correlation, their price movements are largely independent.

Performance

GECC vs. AGNC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great Elm Capital Corp. (GECC) and AGNC Investment Corp. (AGNC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GECC achieves a -8.64% return, which is significantly lower than AGNC's 0.27% return.

GECC

• 1D: -1.94%
• 1M: 9.95%
• YTD: -8.64%
• 6M: -13.22%
• 1Y: -31.62%
• 3Y*: 7.00%
• 5Y*: -10.35%
• 10Y*: —

AGNC

• 1D: -0.29%
• 1M: -3.41%
• YTD: 0.27%
• 6M: 3.92%
• 1Y: 30.16%
• 3Y*: 18.69%
• 5Y*: 1.55%
• 10Y*: 6.21%

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

GECC vs. AGNC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GECC Great Elm Capital Corp.	-8.64%	-25.44%	18.85%	50.81%	-47.39%	-4.46%	-36.93%	12.30%	-11.10%	-7.41%
AGNC AGNC Investment Corp.	0.27%	34.92%	8.90%	10.14%	-21.65%	5.20%	-1.78%	13.31%	-2.46%	23.73%

Correlation

The correlation between GECC and AGNC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 7, 2016	0.16

Fundamentals

Market Cap GECC : $85.03M AGNC : $11.42B
EPS GECC : -$2.16 AGNC : $1.33
PS Ratio GECC : 2.01 AGNC : 4.69
PB Ratio GECC : 0.79 AGNC : 1.12
Total Revenue (TTM) GECC : $37.98M AGNC : $2.33B
Gross Profit (TTM) GECC : $32.17M AGNC : $2.30B
EBITDA (TTM) GECC : -$7.56M AGNC : $3.72B

Return for Risk

GECC vs. AGNC — Risk / Return Rank

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

GECC

GECC Risk / Return Rank: 15
GECC Sharpe Ratio Rank: 9
GECC Sortino Ratio Rank: 12
GECC Omega Ratio Rank: 11
GECC Calmar Ratio Rank: 20
GECC Martin Ratio Rank: 21

AGNC

AGNC Risk / Return Rank: 76
AGNC Sharpe Ratio Rank: 82
AGNC Sortino Ratio Rank: 77
AGNC Omega Ratio Rank: 75
AGNC Calmar Ratio Rank: 70
AGNC Martin Ratio Rank: 75

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.

GECC vs. AGNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great Elm Capital Corp. (GECC) and AGNC Investment Corp. (AGNC). 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.

	GECC	AGNC	Difference
Sharpe ratio Return per unit of total volatility	-0.79	1.57	-2.36
Sortino ratio Return per unit of downside risk	-0.94	2.18	-3.12
Omega ratio Gain probability vs. loss probability	0.87	1.27	-0.40
Calmar ratio Return relative to maximum drawdown	-0.59	1.62	-2.21
Martin ratio Return relative to average drawdown	-0.96	4.90	-5.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GECC vs. AGNC - Sharpe Ratio Comparison

The current GECC Sharpe Ratio is -0.79, which is lower than the AGNC Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of GECC and AGNC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GECC	AGNC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.79	1.57	-2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	0.06	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.29	0.43	-0.71

Drawdowns

GECC vs. AGNC - Drawdown Comparison

The maximum GECC drawdown since its inception was -74.01%, which is greater than AGNC's maximum drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for GECC and AGNC.

Drawdown Indicators

	GECC	AGNC	Difference
Max Drawdown Largest peak-to-trough decline	-74.01%	-54.56%	-19.45%
Max Drawdown (1Y) Largest decline over 1 year	-53.97%	-18.71%	-35.26%
Max Drawdown (3Y) Largest decline over 3 years	-53.97%	-31.04%	-22.93%
Max Drawdown (5Y) Largest decline over 5 years	-57.49%	-54.56%	-2.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.56%	—
Current Drawdown Current decline from peak	-65.70%	-11.67%	-54.03%
Average Drawdown Average peak-to-trough decline	-40.35%	-13.57%	-26.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.95%	6.17%	+26.78%

Volatility

GECC vs. AGNC - Volatility Comparison

Great Elm Capital Corp. (GECC) has a higher volatility of 19.85% compared to AGNC Investment Corp. (AGNC) at 4.78%. This indicates that GECC's price experiences larger fluctuations and is considered to be riskier than AGNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GECC	AGNC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.85%	4.78%	+15.07%
Volatility (6M) Calculated over the trailing 6-month period	30.62%	15.86%	+14.76%
Volatility (1Y) Calculated over the trailing 1-year period	39.99%	19.35%	+20.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.60%	25.81%	+4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.80%	25.38%	+11.42%

Dividends

GECC vs. AGNC - Dividend Comparison

GECC's dividend yield for the trailing twelve months is around 23.19%, more than AGNC's 14.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGNC AGNC Investment Corp.	14.16%	13.43%	15.64%	14.68%	13.91%	9.57%	10.00%	11.31%	12.31%	10.70%	12.69%	14.30%
GECC Great Elm Capital Corp.	23.19%	21.01%	13.19%	14.09%	23.52%	12.99%	31.60%	13.44%	12.69%	10.12%	1.42%	0.00%

Financials

Frequently Asked Questions

Can I hold both GECC and AGNC in my portfolio?

GECC and AGNC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GECC or AGNC?

GECC has higher volatility (19.85%) compared to AGNC (4.78%). In terms of maximum drawdown, GECC dropped -74.01% vs AGNC's -54.56%.

Which has better risk-adjusted returns?

AGNC currently has the higher Sharpe Ratio (1.57 vs -0.79), 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.