GSBD vs. PNNT
GSBD (Goldman Sachs BDC, Inc.) and PNNT (PennantPark Investment Corporation) are both stocks. Both are in the Financial Services sector — GSBD in Credit Services, PNNT in Asset Management. Over the past 10 years, GSBD returned 3.59%/yr vs 5.59%/yr for PNNT. At a 0.43 correlation, their price movements are largely independent.
Performance
GSBD vs. PNNT - Performance Comparison
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Returns By Period
In the year-to-date period, GSBD achieves a 5.68% return, which is significantly higher than PNNT's -35.79% return. Over the past 10 years, GSBD has underperformed PNNT with an annualized return of 3.59%, while PNNT has yielded a comparatively higher 5.59% annualized return.
GSBD
- 1D
- 1.07%
- 1M
- 6.43%
- YTD
- 5.68%
- 6M
- 6.12%
- 1Y
- -2.19%
- 3Y*
- 1.51%
- 5Y*
- -2.59%
- 10Y*
- 3.59%
PNNT
- 1D
- 3.29%
- 1M
- -7.28%
- YTD
- -35.79%
- 6M
- -33.79%
- 1Y
- -38.27%
- 3Y*
- -1.80%
- 5Y*
- -0.88%
- 10Y*
- 5.59%
GSBD vs. PNNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSBD Goldman Sachs BDC, Inc. | 5.68% | -8.81% | -6.24% | 20.97% | -20.13% | 10.85% | 0.71% | 26.36% | -9.44% | 1.96% |
PNNT PennantPark Investment Corporation | -35.79% | -2.96% | 16.56% | 37.25% | -8.90% | 61.71% | -17.99% | 14.30% | 2.05% | -0.65% |
Correlation
The correlation between GSBD and PNNT is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2015 | 0.43 |
The correlation between GSBD and PNNT shifts across timeframes, from 0.43 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GSBD:
$0.98
PNNT:
$302.41
GSBD:
9.63
PNNT:
0.01
GSBD:
0.21
PNNT:
0.00
GSBD:
3.78
PNNT:
1.97
GSBD:
$286.69M
PNNT:
$85.01M
GSBD:
$141.38M
PNNT:
$24.12M
GSBD:
$164.11M
PNNT:
$16.10M
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Return for Risk
GSBD vs. PNNT — Risk / Return Rank
GSBD
PNNT
GSBD vs. PNNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs BDC, Inc. (GSBD) and PennantPark Investment Corporation (PNNT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSBD | PNNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.76 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.82 | +0.70 |
| Martin ratioReturn relative to average drawdown | -0.18 | -1.77 | +1.59 |
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Drawdowns
GSBD vs. PNNT - Drawdown Comparison
The maximum GSBD drawdown since its inception was -62.67%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for GSBD and PNNT.
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Drawdown Indicators
| GSBD | PNNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.67% | -82.16% | +19.49% |
Max Drawdown (1Y)Largest decline over 1 year | -18.41% | -47.09% | +28.68% |
Max Drawdown (3Y)Largest decline over 3 years | -29.59% | -47.09% | +17.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -47.09% | +17.50% |
Max Drawdown (10Y)Largest decline over 10 years | -62.67% | -69.14% | +6.47% |
Current DrawdownCurrent decline from peak | -19.95% | -45.35% | +25.40% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -15.33% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.40% | 21.67% | -9.27% |
Volatility
GSBD vs. PNNT - Volatility Comparison
The current volatility for Goldman Sachs BDC, Inc. (GSBD) is 6.21%, while PennantPark Investment Corporation (PNNT) has a volatility of 10.55%. This indicates that GSBD experiences smaller price fluctuations and is considered to be less risky than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSBD | PNNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 10.55% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.59% | 24.47% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 27.87% | -7.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.29% | 23.70% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.03% | 32.85% | -1.82% |
Dividends
GSBD vs. PNNT - Dividend Comparison
GSBD's dividend yield for the trailing twelve months is around 18.03%, less than PNNT's 27.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSBD Goldman Sachs BDC, Inc. | 18.03% | 20.26% | 14.88% | 12.29% | 13.12% | 10.18% | 9.41% | 8.46% | 9.79% | 8.12% | 7.65% | 9.47% |
PNNT PennantPark Investment Corporation | 27.83% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
Financials
GSBD vs. PNNT - Financials Comparison
This section allows you to compare key financial metrics between Goldman Sachs BDC, Inc. and PennantPark 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
Frequently Asked Questions
GSBD and PNNT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (10.55%) compared to GSBD (6.21%). In terms of maximum drawdown, GSBD dropped -62.67% vs PNNT's -82.16%.
GSBD currently has the higher Sharpe Ratio (-0.11 vs -1.38), 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.
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