Correlation
The correlation between HRZN and GAIN is 0.36, 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.
HRZN vs. GAIN
Compare and contrast key facts about Horizon Technology Finance Corporation (HRZN) and Gladstone Investment Corporation (GAIN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HRZN or GAIN.
Performance
HRZN vs. GAIN - Performance Comparison
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Key characteristics
HRZN:
-0.84
GAIN:
0.90
HRZN:
-0.93
GAIN:
1.46
HRZN:
0.84
GAIN:
1.19
HRZN:
-0.57
GAIN:
1.49
HRZN:
-1.32
GAIN:
4.85
HRZN:
18.91%
GAIN:
4.54%
HRZN:
30.04%
GAIN:
23.97%
HRZN:
-60.44%
GAIN:
-80.87%
HRZN:
-39.36%
GAIN:
-0.46%
Fundamentals
HRZN:
$303.07M
GAIN:
$556.98M
HRZN:
-$0.95
GAIN:
$1.81
HRZN:
2.07
GAIN:
5.46
HRZN:
3.08
GAIN:
5.95
HRZN:
0.99
GAIN:
1.10
HRZN:
$66.62M
GAIN:
$111.87M
HRZN:
$59.77M
GAIN:
$89.40M
HRZN:
$14.03M
GAIN:
$79.46M
Returns By Period
In the year-to-date period, HRZN achieves a -10.31% return, which is significantly lower than GAIN's 16.92% return. Over the past 10 years, HRZN has underperformed GAIN with an annualized return of 4.45%, while GAIN has yielded a comparatively higher 18.21% annualized return.
HRZN
-10.31%
3.25%
-12.64%
-25.15%
-4.48%
3.01%
4.45%
GAIN
16.92%
10.04%
14.11%
21.44%
13.09%
18.49%
18.21%
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Risk-Adjusted Performance
HRZN vs. GAIN — Risk-Adjusted Performance Rank
HRZN
GAIN
HRZN vs. GAIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Gladstone Investment Corporation (GAIN). 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.
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Dividends
HRZN vs. GAIN - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 17.44%, more than GAIN's 11.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 17.44% | 14.68% | 10.02% | 10.43% | 7.54% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% | 9.86% |
GAIN Gladstone Investment Corporation | 11.03% | 12.53% | 17.24% | 9.88% | 6.06% | 9.22% | 7.74% | 9.88% | 7.94% | 8.87% | 9.68% | 11.00% |
Drawdowns
HRZN vs. GAIN - Drawdown Comparison
The maximum HRZN drawdown since its inception was -60.44%, smaller than the maximum GAIN drawdown of -80.87%. Use the drawdown chart below to compare losses from any high point for HRZN and GAIN.
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Volatility
HRZN vs. GAIN - Volatility Comparison
Horizon Technology Finance Corporation (HRZN) has a higher volatility of 7.49% compared to Gladstone Investment Corporation (GAIN) at 5.33%. This indicates that HRZN's price experiences larger fluctuations and is considered to be riskier than GAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
HRZN vs. GAIN - Financials Comparison
This section allows you to compare key financial metrics between Horizon Technology Finance Corporation and Gladstone 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
HRZN vs. GAIN - Profitability Comparison
HRZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Horizon Technology Finance Corporation reported a gross profit of 24.52M and revenue of 24.52M. Therefore, the gross margin over that period was 100.0%.
GAIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Gladstone Investment Corporation reported a gross profit of 16.76M and revenue of 25.74M. Therefore, the gross margin over that period was 65.1%.
HRZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Horizon Technology Finance Corporation reported an operating income of 22.96M and revenue of 24.52M, resulting in an operating margin of 93.6%.
GAIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Gladstone Investment Corporation reported an operating income of 17.87M and revenue of 25.74M, resulting in an operating margin of 69.4%.
HRZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Horizon Technology Finance Corporation reported a net income of 11.10M and revenue of 24.52M, resulting in a net margin of 45.3%.
GAIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Gladstone Investment Corporation reported a net income of 17.87M and revenue of 25.74M, resulting in a net margin of 69.4%.