GNT vs. BCSF

Last updated Jun 4, 2026

GNT (GAMCO Natural Resources, Gold & Income Trust) and BCSF (Bain Capital Specialty Finance, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, GNT returned 14.82%/yr vs 6.86%/yr for BCSF. At a 0.23 correlation, their price movements are largely independent.

Performance

GNT vs. BCSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GAMCO Natural Resources, Gold & Income Trust (GNT) and Bain Capital Specialty Finance, Inc. (BCSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNT achieves a 13.06% return, which is significantly higher than BCSF's -4.96% return.

GNT

• 1D: -0.12%
• 1M: -0.26%
• YTD: 13.06%
• 6M: 16.47%
• 1Y: 38.72%
• 3Y*: 28.13%
• 5Y*: 14.82%
• 10Y*: 9.75%

BCSF

• 1D: -4.34%
• 1M: -9.75%
• YTD: -4.96%
• 6M: -4.05%
• 1Y: -6.23%
• 3Y*: 13.06%
• 5Y*: 6.86%
• 10Y*: —

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

GNT vs. BCSF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GNT GAMCO Natural Resources, Gold & Income Trust	13.06%	52.39%	10.47%	7.79%	2.84%	12.01%	-5.47%	33.76%	-6.95%
BCSF Bain Capital Specialty Finance, Inc.	-4.96%	-9.60%	29.52%	41.95%	-13.31%	36.98%	-28.91%	28.19%	-4.60%

Correlation

The correlation between GNT and BCSF is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018	0.23

The correlation between GNT and BCSF shifts across timeframes, from 0.11 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GNT : $131.59M BCSF : $828.37M
EPS GNT : $3.22 BCSF : $1.50
PE Ratio GNT : 2.53 BCSF : 8.49
PS Ratio GNT : 5.32 BCSF : 3.49
PB Ratio GNT : 0.98 BCSF : 0.76
Total Revenue (TTM) GNT : $24.73M BCSF : $237.34M
Gross Profit (TTM) GNT : $18.29M BCSF : $150.81M
EBITDA (TTM) GNT : $52.09M BCSF : -$29.62M

Return for Risk

GNT vs. BCSF — Risk / Return Rank

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

GNT

GNT Risk / Return Rank: 81
GNT Sharpe Ratio Rank: 85
GNT Sortino Ratio Rank: 78
GNT Omega Ratio Rank: 81
GNT Calmar Ratio Rank: 78
GNT Martin Ratio Rank: 84

BCSF

BCSF Risk / Return Rank: 26
BCSF Sharpe Ratio Rank: 28
BCSF Sortino Ratio Rank: 24
BCSF Omega Ratio Rank: 24
BCSF Calmar Ratio Rank: 27
BCSF Martin Ratio Rank: 25

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.

GNT vs. BCSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GAMCO Natural Resources, Gold & Income Trust (GNT) and Bain Capital Specialty Finance, Inc. (BCSF). 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.

	GNT	BCSF	Difference
Sharpe ratio Return per unit of total volatility	1.73	-0.29	+2.02
Sortino ratio Return per unit of downside risk	2.18	-0.27	+2.45
Omega ratio Gain probability vs. loss probability	1.31	0.97	+0.34
Calmar ratio Return relative to maximum drawdown	2.47	-0.39	+2.86
Martin ratio Return relative to average drawdown	8.28	-0.81	+9.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GNT vs. BCSF - Sharpe Ratio Comparison

The current GNT Sharpe Ratio is 1.73, which is higher than the BCSF Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of GNT and BCSF, 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

	GNT	BCSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	-0.29	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.34	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.22	-0.07

Drawdowns

GNT vs. BCSF - Drawdown Comparison

The maximum GNT drawdown since its inception was -68.55%, which is greater than BCSF's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for GNT and BCSF.

Drawdown Indicators

	GNT	BCSF	Difference
Max Drawdown Largest peak-to-trough decline	-68.55%	-62.42%	-6.13%
Max Drawdown (1Y) Largest decline over 1 year	-15.74%	-16.17%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	-26.38%	+10.64%
Max Drawdown (5Y) Largest decline over 5 years	-26.74%	-26.38%	-0.36%
Max Drawdown (10Y) Largest decline over 10 years	-58.63%	—	—
Current Drawdown Current decline from peak	-10.41%	-21.07%	+10.66%
Average Drawdown Average peak-to-trough decline	-25.57%	-12.27%	-13.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	7.75%	-3.06%

Volatility

GNT vs. BCSF - Volatility Comparison

The current volatility for GAMCO Natural Resources, Gold & Income Trust (GNT) is 5.58%, while Bain Capital Specialty Finance, Inc. (BCSF) has a volatility of 5.97%. This indicates that GNT experiences smaller price fluctuations and is considered to be less risky than BCSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GNT	BCSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	5.97%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	18.74%	17.29%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.48%	21.42%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.78%	20.26%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	31.02%	-6.37%

Dividends

GNT vs. BCSF - Dividend Comparison

GNT's dividend yield for the trailing twelve months is around 7.50%, less than BCSF's 15.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCSF Bain Capital Specialty Finance, Inc.	15.04%	14.02%	10.27%	10.62%	11.60%	8.94%	11.73%	8.30%	2.44%	0.00%	0.00%	0.00%
GNT GAMCO Natural Resources, Gold & Income Trust	7.50%	6.85%	7.37%	7.00%	7.03%	6.73%	9.39%	10.07%	12.12%	8.94%	12.59%	14.66%

Financials

Frequently Asked Questions

Can I hold both GNT and BCSF in my portfolio?

GNT and BCSF have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNT or BCSF?

BCSF has higher volatility (5.97%) compared to GNT (5.58%). In terms of maximum drawdown, GNT dropped -68.55% vs BCSF's -62.42%.

Which has better risk-adjusted returns?

GNT currently has the higher Sharpe Ratio (1.73 vs -0.29), 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.