GSBD vs. AGNCN

Last updated Jun 4, 2026

GSBD (Goldman Sachs BDC, Inc.) and AGNCN (AGNC Investment Corp.) are both stocks. GSBD operates in Credit Services (Financial Services), while AGNCN operates in REIT - Mortgage (Real Estate). Over the past 5 years, GSBD returned -3.30%/yr vs 9.29%/yr for AGNCN. At a 0.16 correlation, their price movements are largely independent.

Performance

GSBD vs. AGNCN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs BDC, Inc. (GSBD) and AGNC Investment Corp. (AGNCN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSBD achieves a -0.26% return, which is significantly lower than AGNCN's 4.08% return.

GSBD

• 1D: -2.63%
• 1M: -11.35%
• YTD: -0.26%
• 6M: -5.02%
• 1Y: -7.45%
• 3Y*: 0.95%
• 5Y*: -3.30%
• 10Y*: 3.09%

AGNCN

• 1D: -0.77%
• 1M: -0.23%
• YTD: 4.08%
• 6M: 5.51%
• 1Y: 10.34%
• 3Y*: 10.94%
• 5Y*: 9.29%
• 10Y*: —

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

GSBD vs. AGNCN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSBD Goldman Sachs BDC, Inc.	-0.26%	-8.81%	-6.24%	20.97%	-20.13%	10.85%	0.71%	26.36%	-9.44%	2.53%
AGNCN AGNC Investment Corp.	4.08%	7.77%	15.21%	9.13%	6.33%	7.91%	6.01%	9.80%	5.20%	6.32%

Correlation

The correlation between GSBD and AGNCN is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 17, 2017	0.16

Fundamentals

Market Cap GSBD : $1.00B AGNCN : $28.85B
EPS GSBD : $0.98 AGNCN : $1.33
PE Ratio GSBD : 9.09 AGNCN : 19.31
PEG Ratio GSBD : 0.20 AGNCN : 0.05
PS Ratio GSBD : 3.57 AGNCN : 11.85
PB Ratio GSBD : 0.73 AGNCN : 2.82
Total Revenue (TTM) GSBD : $286.69M AGNCN : $2.33B
Gross Profit (TTM) GSBD : $141.38M AGNCN : $2.30B
EBITDA (TTM) GSBD : $164.11M AGNCN : $3.72B

Return for Risk

GSBD vs. AGNCN — Risk / Return Rank

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

GSBD

GSBD Risk / Return Rank: 25
GSBD Sharpe Ratio Rank: 25
GSBD Sortino Ratio Rank: 21
GSBD Omega Ratio Rank: 22
GSBD Calmar Ratio Rank: 27
GSBD Martin Ratio Rank: 29

AGNCN

AGNCN Risk / Return Rank: 89
AGNCN Sharpe Ratio Rank: 88
AGNCN Sortino Ratio Rank: 87
AGNCN Omega Ratio Rank: 89
AGNCN Calmar Ratio Rank: 87
AGNCN Martin Ratio Rank: 92

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.

GSBD vs. AGNCN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs BDC, Inc. (GSBD) and AGNC Investment Corp. (AGNCN). 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.

	GSBD	AGNCN	Difference
Sharpe ratio Return per unit of total volatility	-0.37	2.05	-2.42
Sortino ratio Return per unit of downside risk	-0.39	2.95	-3.34
Omega ratio Gain probability vs. loss probability	0.95	1.41	-0.46
Calmar ratio Return relative to maximum drawdown	-0.41	3.89	-4.29
Martin ratio Return relative to average drawdown	-0.62	15.01	-15.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSBD vs. AGNCN - Sharpe Ratio Comparison

The current GSBD Sharpe Ratio is -0.37, which is lower than the AGNCN Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of GSBD and AGNCN, 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

	GSBD	AGNCN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	2.05	-2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.98	-1.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.39	-0.27

Drawdowns

GSBD vs. AGNCN - Drawdown Comparison

The maximum GSBD drawdown since its inception was -62.67%, which is greater than AGNCN's maximum drawdown of -53.34%. Use the drawdown chart below to compare losses from any high point for GSBD and AGNCN.

Drawdown Indicators

	GSBD	AGNCN	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-53.34%	-9.33%
Max Drawdown (1Y) Largest decline over 1 year	-18.41%	-2.67%	-15.74%
Max Drawdown (3Y) Largest decline over 3 years	-29.59%	-7.17%	-22.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	-13.62%	-15.97%
Max Drawdown (10Y) Largest decline over 10 years	-62.67%	—	—
Current Drawdown Current decline from peak	-24.45%	-0.77%	-23.68%
Average Drawdown Average peak-to-trough decline	-11.70%	-2.24%	-9.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.03%	0.69%	+11.34%

Volatility

GSBD vs. AGNCN - Volatility Comparison

Goldman Sachs BDC, Inc. (GSBD) has a higher volatility of 9.26% compared to AGNC Investment Corp. (AGNCN) at 1.05%. This indicates that GSBD's price experiences larger fluctuations and is considered to be riskier than AGNCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSBD	AGNCN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.26%	1.05%	+8.21%
Volatility (6M) Calculated over the trailing 6-month period	16.26%	3.21%	+13.05%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	5.08%	+15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	9.51%	+9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.98%	22.95%	+8.03%

Dividends

GSBD vs. AGNCN - Dividend Comparison

GSBD's dividend yield for the trailing twelve months is around 19.10%, more than AGNCN's 9.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGNCN AGNC Investment Corp.	9.28%	9.60%	10.37%	10.57%	7.47%	6.81%	6.87%	6.74%	6.92%	2.70%	0.00%	0.00%
GSBD Goldman Sachs BDC, Inc.	19.10%	20.26%	14.88%	12.29%	13.12%	10.18%	9.41%	8.46%	9.79%	8.12%	7.65%	9.47%

Financials

Frequently Asked Questions

Can I hold both GSBD and AGNCN in my portfolio?

GSBD and AGNCN have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSBD or AGNCN?

GSBD has higher volatility (9.26%) compared to AGNCN (1.05%). In terms of maximum drawdown, GSBD dropped -62.67% vs AGNCN's -53.34%.

Which has better risk-adjusted returns?

AGNCN currently has the higher Sharpe Ratio (2.05 vs -0.37), 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.