HRZN vs. ORC
HRZN (Horizon Technology Finance Corporation) and ORC (Orchid Island Capital, Inc.) are both stocks. HRZN operates in Asset Management (Financial Services), while ORC operates in REIT - Mortgage (Real Estate). Over the past 10 years, HRZN returned 2.04%/yr vs -3.39%/yr for ORC. At a 0.28 correlation, their price movements are largely independent.
Performance
HRZN vs. ORC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HRZN achieves a -22.06% return, which is significantly lower than ORC's -0.71% return. Over the past 10 years, HRZN has outperformed ORC with an annualized return of 2.04%, while ORC has yielded a comparatively lower -3.39% annualized return.
HRZN
- 1D
- -1.42%
- 1M
- 16.35%
- YTD
- -22.06%
- 6M
- -21.21%
- 1Y
- -24.65%
- 3Y*
- -14.96%
- 5Y*
- -13.03%
- 10Y*
- 2.04%
ORC
- 1D
- -1.19%
- 1M
- -0.64%
- YTD
- -0.71%
- 6M
- -1.51%
- 1Y
- 14.29%
- 3Y*
- 5.25%
- 5Y*
- -8.93%
- 10Y*
- -3.39%
HRZN vs. ORC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | -22.06% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 26.88% | 11.71% | 18.62% |
ORC Orchid Island Capital, Inc. | -0.71% | 12.66% | 9.87% | -3.10% | -41.63% | 0.07% | 4.75% | 6.68% | -20.38% | 1.07% |
Correlation
The correlation between HRZN and ORC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.28 |
The correlation between HRZN and ORC shifts across timeframes, from 0.28 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HRZN:
$196.84M
ORC:
$1.25B
HRZN:
$0.63
ORC:
$0.85
HRZN:
6.56
ORC:
7.76
HRZN:
0.13
ORC:
0.03
HRZN:
3.46
ORC:
5.54
HRZN:
0.59
ORC:
0.90
HRZN:
$53.12M
ORC:
$181.13M
HRZN:
$47.15M
ORC:
$87.42M
HRZN:
$51.20M
ORC:
$197.11M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HRZN vs. ORC — Risk / Return Rank
HRZN
ORC
HRZN vs. ORC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Orchid Island Capital, Inc. (ORC). 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.
| HRZN | ORC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.13 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 0.87 | -1.39 |
| Martin ratioReturn relative to average drawdown | -0.94 | 1.95 | -2.89 |
Loading charts...
Drawdowns
HRZN vs. ORC - Drawdown Comparison
The maximum HRZN drawdown since its inception was -62.57%, smaller than the maximum ORC drawdown of -75.77%. Use the drawdown chart below to compare losses from any high point for HRZN and ORC.
Loading charts...
Drawdown Indicators
| HRZN | ORC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.57% | -75.77% | +13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -46.88% | -16.58% | -30.30% |
Max Drawdown (3Y)Largest decline over 3 years | -59.36% | -43.06% | -16.30% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | -64.80% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -62.57% | -75.77% | +13.20% |
Current DrawdownCurrent decline from peak | -54.23% | -46.47% | -7.76% |
Average DrawdownAverage peak-to-trough decline | -13.41% | -28.86% | +15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.24% | 7.33% | +18.91% |
Volatility
HRZN vs. ORC - Volatility Comparison
Horizon Technology Finance Corporation (HRZN) has a higher volatility of 18.30% compared to Orchid Island Capital, Inc. (ORC) at 6.47%. This indicates that HRZN's price experiences larger fluctuations and is considered to be riskier than ORC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HRZN | ORC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.30% | 6.47% | +11.83% |
Volatility (6M)Calculated over the trailing 6-month period | 41.25% | 17.80% | +23.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.82% | 21.44% | +22.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.88% | 29.79% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.68% | 37.73% | -1.05% |
Dividends
HRZN vs. ORC - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 37.03%, more than ORC's 21.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 37.03% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
ORC Orchid Island Capital, Inc. | 21.15% | 20.00% | 18.51% | 21.35% | 29.67% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% |
Financials
HRZN vs. ORC - Financials Comparison
This section allows you to compare key financial metrics between Horizon Technology Finance Corporation and Orchid Island Capital, Inc.. 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
HRZN and ORC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (18.30%) compared to ORC (6.47%). In terms of maximum drawdown, HRZN dropped -62.57% vs ORC's -75.77%.
ORC currently has the higher Sharpe Ratio (0.67 vs -0.57), 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.
Find the right allocation for HRZN and ORC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer