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 0.01%/yr vs -3.95%/yr for ORC. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
HRZN vs. ORC - Performance Comparison
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Returns By Period
In the year-to-date period, HRZN achieves a -25.37% return, which is significantly lower than ORC's 0.27% return. Over the past 10 years, HRZN has outperformed ORC with an annualized return of 0.01%, while ORC has yielded a comparatively lower -3.95% annualized return.
HRZN
- 1D
- -1.82%
- 1M
- -7.30%
- 6M
- -29.32%
- YTD
- -25.37%
- 1Y
- -31.80%
- 3Y*
- -19.76%
- 5Y*
- -13.59%
- 10Y*
- 0.01%
- ALL TIME*
- 2.82%
ORC
- 1D
- -0.61%
- 1M
- -4.78%
- 6M
- -8.79%
- YTD
- 0.27%
- 1Y
- 11.71%
- 3Y*
- 2.85%
- 5Y*
- -7.37%
- 10Y*
- -3.95%
- ALL TIME*
- -1.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.25M | $2.64M | $3.35M | |
| $38.62M | $34.53M | $33.96M |
HRZN vs. ORC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | -25.37% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 26.88% | 11.71% | 18.62% |
ORC Orchid Island Capital, Inc. | 0.27% | 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 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.29 |
The correlation between HRZN and ORC shifts across timeframes, from 0.29 (all time) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HRZN:
$190.63M
ORC:
$1.13B
HRZN:
$0.62
ORC:
$1.45
HRZN:
6.97
ORC:
4.47
HRZN:
0.14
ORC:
0.02
HRZN:
3.67
ORC:
3.06
HRZN:
0.61
ORC:
0.90
HRZN:
$53.12M
ORC:
$367.58M
HRZN:
$47.15M
ORC:
$269.42M
HRZN:
$51.20M
ORC:
$431.53M
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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 | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.12 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.78 | -1.57 |
| Martin ratioReturn relative to average drawdown | -1.40 | 1.56 | -2.97 |
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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.
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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 | -42.21% | -16.58% | -25.63% |
Max Drawdown (3Y)Largest decline over 3 years | -59.36% | -38.67% | -20.69% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | -64.33% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -62.57% | -75.77% | +13.20% |
Current DrawdownCurrent decline from peak | -56.18% | -45.94% | -10.24% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -28.99% | +15.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.47% | 8.22% | +16.25% |
Volatility
HRZN vs. ORC - Volatility Comparison
The current volatility for Horizon Technology Finance Corporation (HRZN) is 5.08%, while Orchid Island Capital, Inc. (ORC) has a volatility of 5.39%. This indicates that HRZN experiences smaller price fluctuations and is considered to be less risky than ORC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRZN | ORC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.39% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 40.09% | 17.47% | +22.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.06% | 21.59% | +20.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 29.68% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.49% | 37.73% | -1.24% |
Dividends
HRZN vs. ORC - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 25.46%, more than ORC's 20.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 25.46% | 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. | 20.96% | 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 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ORC has higher volatility (5.39%) compared to HRZN (5.08%). In terms of maximum drawdown, HRZN dropped -62.57% vs ORC's -75.77%.
ORC currently has the higher Sharpe Ratio (0.60 vs -0.79), 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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