ICMB vs. HRZN
ICMB (Investcorp Credit Management BDC, Inc.) and HRZN (Horizon Technology Finance Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, ICMB returned -5.98%/yr vs 2.38%/yr for HRZN. At a 0.13 correlation, their price movements are largely independent.
Performance
ICMB vs. HRZN - Performance Comparison
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Returns By Period
In the year-to-date period, ICMB achieves a -56.30% return, which is significantly lower than HRZN's -19.44% return. Over the past 10 years, ICMB has underperformed HRZN with an annualized return of -5.98%, while HRZN has yielded a comparatively higher 2.38% annualized return.
ICMB
- 1D
- -1.67%
- 1M
- -15.11%
- YTD
- -56.30%
- 6M
- -56.78%
- 1Y
- -55.98%
- 3Y*
- -21.23%
- 5Y*
- -16.01%
- 10Y*
- -5.98%
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%
ICMB vs. HRZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICMB Investcorp Credit Management BDC, Inc. | -56.30% | 5.92% | 0.74% | 19.01% | -18.96% | 15.99% | -16.38% | 23.01% | -13.98% | -2.71% |
HRZN Horizon Technology Finance Corporation | -19.44% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 26.88% | 11.71% | 18.62% |
Correlation
The correlation between ICMB and HRZN is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2014 | 0.13 |
Fundamentals
ICMB:
-$0.74
HRZN:
$0.63
ICMB:
1.74
HRZN:
3.58
ICMB:
$6.51M
HRZN:
$53.12M
ICMB:
$729.57K
HRZN:
$47.15M
ICMB:
-$9.28M
HRZN:
$51.20M
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Return for Risk
ICMB vs. HRZN — Risk / Return Rank
ICMB
HRZN
ICMB vs. HRZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Investcorp Credit Management BDC, Inc. (ICMB) and Horizon Technology Finance Corporation (HRZN). 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.
| ICMB | HRZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.93 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.47 | -0.43 |
| Martin ratioReturn relative to average drawdown | -2.10 | -0.83 | -1.27 |
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Drawdowns
ICMB vs. HRZN - Drawdown Comparison
The maximum ICMB drawdown since its inception was -80.34%, which is greater than HRZN's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for ICMB and HRZN.
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Drawdown Indicators
| ICMB | HRZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.34% | -62.57% | -17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -62.14% | -46.88% | -15.26% |
Max Drawdown (3Y)Largest decline over 3 years | -62.14% | -59.36% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -63.71% | -62.57% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -80.34% | -62.57% | -17.77% |
Current DrawdownCurrent decline from peak | -63.40% | -52.69% | -10.71% |
Average DrawdownAverage peak-to-trough decline | -19.49% | -13.42% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.69% | 26.33% | +0.36% |
Volatility
ICMB vs. HRZN - Volatility Comparison
The current volatility for Investcorp Credit Management BDC, Inc. (ICMB) is 11.91%, while Horizon Technology Finance Corporation (HRZN) has a volatility of 18.40%. This indicates that ICMB experiences smaller price fluctuations and is considered to be less risky than HRZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICMB | HRZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.91% | 18.40% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 46.86% | 41.40% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.56% | 43.87% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.13% | 31.92% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.39% | 36.69% | +7.70% |
Dividends
ICMB vs. HRZN - Dividend Comparison
ICMB's dividend yield for the trailing twelve months is around 23.73%, less than HRZN's 35.83% 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% |
ICMB Investcorp Credit Management BDC, Inc. | 23.73% | 19.26% | 17.82% | 17.72% | 17.02% | 12.73% | 15.93% | 14.93% | 16.00% | 12.27% | 15.12% | 18.14% |
Financials
ICMB vs. HRZN - Financials Comparison
This section allows you to compare key financial metrics between Investcorp Credit Management BDC, Inc. and Horizon Technology Finance 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
Frequently Asked Questions
ICMB and HRZN have a correlation of 0.14, 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 ICMB (11.91%). In terms of maximum drawdown, ICMB dropped -80.34% vs HRZN's -62.57%.
HRZN currently has the higher Sharpe Ratio (-0.50 vs -1.13), 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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