GECC vs. OEF
Compare and contrast key facts about Great Elm Capital Corp. (GECC) and iShares S&P 100 ETF (OEF).
OEF is a passively managed fund by iShares that tracks the performance of the S&P 100 Index. It was launched on Oct 23, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GECC or OEF.
Key characteristics
| GECC | OEF | |
|---|---|---|
| YTD Return | 5.86% | 30.88% |
| 1Y Return | 21.34% | 42.43% |
| 3Y Return (Ann) | -8.69% | 11.83% |
| 5Y Return (Ann) | -17.68% | 17.64% |
| Sharpe Ratio | 0.93 | 3.09 |
| Sortino Ratio | 1.43 | 4.05 |
| Omega Ratio | 1.18 | 1.57 |
| Calmar Ratio | 0.33 | 4.23 |
| Martin Ratio | 4.76 | 18.83 |
| Ulcer Index | 4.81% | 2.19% |
| Daily Std Dev | 24.55% | 13.34% |
| Max Drawdown | -78.53% | -54.11% |
| Current Drawdown | -63.01% | 0.00% |
Correlation
The correlation between GECC and OEF is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GECC vs. OEF - Performance Comparison
In the year-to-date period, GECC achieves a 5.86% return, which is significantly lower than OEF's 30.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GECC vs. OEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great Elm Capital Corp. (GECC) and iShares S&P 100 ETF (OEF). 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.
Dividends
GECC vs. OEF - Dividend Comparison
GECC's dividend yield for the trailing twelve months is around 14.75%, more than OEF's 0.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | 14.75% | 14.09% | 23.52% | 13.00% | 9.45% | 13.13% | 15.88% | 11.87% | 1.39% | 0.00% | 0.00% | 0.00% |
OEF iShares S&P 100 ETF | 0.99% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% | 1.85% | 1.96% |
Drawdowns
GECC vs. OEF - Drawdown Comparison
The maximum GECC drawdown since its inception was -78.53%, which is greater than OEF's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for GECC and OEF. For additional features, visit the drawdowns tool.
Volatility
GECC vs. OEF - Volatility Comparison
Great Elm Capital Corp. (GECC) has a higher volatility of 6.90% compared to iShares S&P 100 ETF (OEF) at 4.34%. This indicates that GECC's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.