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GSBD vs. PNNT
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

GSBD vs. PNNT - Performance Comparison

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

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GSBD vs. PNNT - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
GSBD
Goldman Sachs BDC, Inc.
-0.48%-8.81%-6.24%20.97%-20.13%10.85%0.71%26.36%-9.44%1.96%
PNNT
PennantPark Investment Corporation
-21.12%-2.96%16.56%37.25%-8.90%61.71%-17.99%14.30%2.05%-0.65%

Fundamentals

EPS

GSBD:

$1.15

PNNT:

$0.39

PE Ratio

GSBD:

7.73

PNNT:

11.38

PEG Ratio

GSBD:

0.17

PNNT:

0.06

PS Ratio

GSBD:

3.53

PNNT:

3.64

Total Revenue (TTM)

GSBD:

$291.45M

PNNT:

$80.02M

Gross Profit (TTM)

GSBD:

$180.94M

PNNT:

$36.06M

EBITDA (TTM)

GSBD:

$173.42M

PNNT:

$26.12M

Returns By Period

In the year-to-date period, GSBD achieves a -0.48% return, which is significantly higher than PNNT's -21.12% return. Over the past 10 years, GSBD has underperformed PNNT with an annualized return of 3.15%, while PNNT has yielded a comparatively higher 9.15% annualized return.


GSBD

1D
1.83%
1M
1.94%
YTD
-0.48%
6M
-5.69%
1Y
-9.32%
3Y*
0.05%
5Y*
-2.95%
10Y*
3.15%

PNNT

1D
2.51%
1M
-8.26%
YTD
-21.12%
6M
-27.19%
1Y
-25.49%
3Y*
8.80%
5Y*
7.27%
10Y*
9.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

GSBD vs. PNNT — Risk / Return Rank

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

GSBD
GSBD Risk / Return Rank: 2424
Overall Rank
GSBD Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
GSBD Sortino Ratio Rank: 2020
Sortino Ratio Rank
GSBD Omega Ratio Rank: 2121
Omega Ratio Rank
GSBD Calmar Ratio Rank: 2626
Calmar Ratio Rank
GSBD Martin Ratio Rank: 2828
Martin Ratio Rank

PNNT
PNNT Risk / Return Rank: 99
Overall Rank
PNNT Sharpe Ratio Rank: 66
Sharpe Ratio Rank
PNNT Sortino Ratio Rank: 99
Sortino Ratio Rank
PNNT Omega Ratio Rank: 99
Omega Ratio Rank
PNNT Calmar Ratio Rank: 1616
Calmar Ratio Rank
PNNT Martin Ratio Rank: 33
Martin Ratio Rank
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. 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.


GSBDPNNTDifference

Sharpe ratio

Return per unit of total volatility

-0.43

-0.93

+0.49

Sortino ratio

Return per unit of downside risk

-0.48

-1.19

+0.71

Omega ratio

Gain probability vs. loss probability

0.94

0.85

+0.10

Calmar ratio

Return relative to maximum drawdown

-0.51

-0.74

+0.24

Martin ratio

Return relative to average drawdown

-0.82

-1.87

+1.05

GSBD vs. PNNT - Sharpe Ratio Comparison

The current GSBD Sharpe Ratio is -0.43, which is higher than the PNNT Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of GSBD and PNNT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


GSBDPNNTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.43

-0.93

+0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.32

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.10

0.28

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.12

0.15

-0.03

Correlation

The correlation between GSBD and PNNT is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

GSBD vs. PNNT - Dividend Comparison

GSBD's dividend yield for the trailing twelve months is around 19.71%, less than PNNT's 21.38% yield.


TTM20252024202320222021202020192018201720162015
GSBD
Goldman Sachs BDC, Inc.
19.71%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
21.38%16.11%12.85%11.65%10.43%6.93%11.71%11.03%11.30%10.42%14.62%18.12%

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


GSBDPNNTDifference

Max Drawdown

Largest peak-to-trough decline

-62.67%

-82.16%

+19.49%

Max Drawdown (1Y)

Largest decline over 1 year

-18.41%

-34.80%

+16.39%

Max Drawdown (5Y)

Largest decline over 5 years

-29.59%

-34.80%

+5.21%

Max Drawdown (10Y)

Largest decline over 10 years

-62.67%

-69.14%

+6.47%

Current Drawdown

Current decline from peak

-24.62%

-32.86%

+8.24%

Average Drawdown

Average peak-to-trough decline

-11.55%

-15.09%

+3.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.35%

13.78%

-2.43%

Volatility

GSBD vs. PNNT - Volatility Comparison

The current volatility for Goldman Sachs BDC, Inc. (GSBD) is 6.10%, while PennantPark Investment Corporation (PNNT) has a volatility of 11.25%. 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


GSBDPNNTDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.10%

11.25%

-5.15%

Volatility (6M)

Calculated over the trailing 6-month period

13.33%

19.78%

-6.45%

Volatility (1Y)

Calculated over the trailing 1-year period

21.53%

27.65%

-6.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.78%

23.17%

-4.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.76%

32.54%

-1.78%

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


-50.00M0.0050.00M100.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
55.81M
27.25M
(GSBD) Total Revenue
(PNNT) Total Revenue
Values in USD except per share items

GSBD vs. PNNT - Profitability Comparison

The chart below illustrates the profitability comparison between Goldman Sachs BDC, Inc. and PennantPark Investment Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

-20.0%0.0%20.0%40.0%60.0%80.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
49.7%
47.2%
Portfolio components
GSBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Goldman Sachs BDC, Inc. reported a gross profit of 27.73M and revenue of 55.81M. Therefore, the gross margin over that period was 49.7%.

PNNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PennantPark Investment Corporation reported a gross profit of 12.87M and revenue of 27.25M. Therefore, the gross margin over that period was 47.2%.

GSBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Goldman Sachs BDC, Inc. reported an operating income of 25.66M and revenue of 55.81M, resulting in an operating margin of 46.0%.

PNNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PennantPark Investment Corporation reported an operating income of 7.65M and revenue of 27.25M, resulting in an operating margin of 28.1%.

GSBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Goldman Sachs BDC, Inc. reported a net income of 24.71M and revenue of 55.81M, resulting in a net margin of 44.3%.

PNNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PennantPark Investment Corporation reported a net income of 8.96M and revenue of 27.25M, resulting in a net margin of 32.9%.