HRZN vs. PECO
HRZN (Horizon Technology Finance Corporation) and PECO (Phillips Edison & Company, Inc.) are both stocks. HRZN operates in Asset Management (Financial Services), while PECO operates in REIT - Retail (Real Estate). Over the past 3 years, HRZN returned -14.02%/yr vs 12.88%/yr for PECO. At a 0.27 correlation, their price movements are largely independent.
Performance
HRZN vs. PECO - Performance Comparison
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Returns By Period
In the year-to-date period, HRZN achieves a -19.44% return, which is significantly lower than PECO's 19.49% return.
HRZN
- 1D
- 3.37%
- 1M
- 20.26%
- YTD
- -19.44%
- 6M
- -17.65%
- 1Y
- -21.91%
- 3Y*
- -14.02%
- 5Y*
- -12.48%
- 10Y*
- 2.38%
PECO
- 1D
- 1.70%
- 1M
- 3.97%
- YTD
- 19.49%
- 6M
- 19.42%
- 1Y
- 20.50%
- 3Y*
- 12.88%
- 5Y*
- —
- 10Y*
- —
HRZN vs. PECO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | -19.44% | -14.44% | -22.87% | 26.99% | -19.72% | -6.04% |
PECO Phillips Edison & Company, Inc. | 19.49% | -1.59% | 6.20% | 18.53% | -0.33% | 19.67% |
Correlation
The correlation between HRZN and PECO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.27 |
The correlation between HRZN and PECO shifts across timeframes, from 0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HRZN:
$0.63
PECO:
$1.15
HRZN:
6.78
PECO:
36.48
HRZN:
0.14
PECO:
0.53
HRZN:
3.58
PECO:
5.69
HRZN:
$53.12M
PECO:
$739.02M
HRZN:
$47.15M
PECO:
$525.25M
HRZN:
$51.20M
PECO:
$502.64M
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Return for Risk
HRZN vs. PECO — Risk / Return Rank
HRZN
PECO
HRZN vs. PECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Phillips Edison & Company, Inc. (PECO). 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 | PECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.66 | -3.13 |
| Martin ratioReturn relative to average drawdown | -0.83 | 6.22 | -7.05 |
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Drawdowns
HRZN vs. PECO - Drawdown Comparison
The maximum HRZN drawdown since its inception was -62.57%, which is greater than PECO's maximum drawdown of -23.11%. Use the drawdown chart below to compare losses from any high point for HRZN and PECO.
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Drawdown Indicators
| HRZN | PECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.57% | -23.11% | -39.46% |
Max Drawdown (1Y)Largest decline over 1 year | -46.88% | -7.74% | -39.14% |
Max Drawdown (3Y)Largest decline over 3 years | -59.36% | -15.78% | -43.58% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.57% | — | — |
Current DrawdownCurrent decline from peak | -52.69% | -0.20% | -52.49% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -6.45% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.33% | 3.49% | +22.84% |
Volatility
HRZN vs. PECO - Volatility Comparison
Horizon Technology Finance Corporation (HRZN) has a higher volatility of 18.40% compared to Phillips Edison & Company, Inc. (PECO) at 6.46%. This indicates that HRZN's price experiences larger fluctuations and is considered to be riskier than PECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRZN | PECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.40% | 6.46% | +11.94% |
Volatility (6M)Calculated over the trailing 6-month period | 41.40% | 11.42% | +29.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.87% | 16.01% | +27.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.92% | 22.59% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.69% | 22.59% | +14.10% |
Dividends
HRZN vs. PECO - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 35.83%, more than PECO's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 35.83% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
PECO Phillips Edison & Company, Inc. | 3.08% | 3.52% | 3.18% | 3.12% | 3.43% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HRZN vs. PECO - Financials Comparison
This section allows you to compare key financial metrics between Horizon Technology Finance Corporation and Phillips Edison & Company, 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
HRZN vs. PECO - Profitability Comparison
HRZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported a gross profit of 0.00 and revenue of 24.08M. Therefore, the gross margin over that period was 0.0%.
PECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Phillips Edison & Company, Inc. reported a gross profit of 135.68M and revenue of 190.74M. Therefore, the gross margin over that period was 71.1%.
HRZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported an operating income of 0.00 and revenue of 24.08M, resulting in an operating margin of 0.0%.
PECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Phillips Edison & Company, Inc. reported an operating income of 58.21M and revenue of 190.74M, resulting in an operating margin of 30.5%.
HRZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported a net income of 9.24M and revenue of 24.08M, resulting in a net margin of 38.4%.
PECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Phillips Edison & Company, Inc. reported a net income of 30.38M and revenue of 190.74M, resulting in a net margin of 15.9%.
Frequently Asked Questions
HRZN and PECO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (18.40%) compared to PECO (6.46%). In terms of maximum drawdown, HRZN dropped -62.57% vs PECO's -23.11%.
PECO currently has the higher Sharpe Ratio (1.29 vs -0.50), 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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