LNC vs. PFLT
LNC (Lincoln National Corporation) and PFLT (PennantPark Floating Rate Capital Ltd.) are both stocks. Both are in the Financial Services sector — LNC in Insurance - Life, PFLT in Asset Management. Over the past 10 years, LNC returned 2.50%/yr vs 5.33%/yr for PFLT. At a 0.35 correlation, their price movements are largely independent.
Performance
LNC vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, LNC achieves a -14.56% return, which is significantly lower than PFLT's -13.49% return. Over the past 10 years, LNC has underperformed PFLT with an annualized return of 2.50%, while PFLT has yielded a comparatively higher 5.33% annualized return.
LNC
- 1D
- -0.59%
- 1M
- 4.76%
- YTD
- -14.56%
- 6M
- -17.67%
- 1Y
- 17.55%
- 3Y*
- 21.93%
- 5Y*
- -4.22%
- 10Y*
- 2.50%
PFLT
- 1D
- -1.32%
- 1M
- -8.82%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -17.85%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
LNC vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LNC Lincoln National Corporation | -14.56% | 48.02% | 24.78% | -5.55% | -53.53% | 39.49% | -11.08% | 17.95% | -31.98% | 17.98% |
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
Correlation
The correlation between LNC and PFLT is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.35 |
Fundamentals
LNC:
$12.09
PFLT:
$1.69
LNC:
3.08
PFLT:
4.42
LNC:
0.02
PFLT:
0.02
LNC:
0.28
PFLT:
2.28
LNC:
$18.88B
PFLT:
$229.78M
LNC:
$3.21B
PFLT:
$45.40M
LNC:
$2.45B
PFLT:
$38.59M
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Return for Risk
LNC vs. PFLT — Risk / Return Rank
LNC
PFLT
LNC vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lincoln National Corporation (LNC) and PennantPark Floating Rate Capital Ltd. (PFLT). 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.
| LNC | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.87 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | -0.82 | +1.42 |
| Martin ratioReturn relative to average drawdown | 1.27 | -1.50 | +2.77 |
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Drawdowns
LNC vs. PFLT - Drawdown Comparison
The maximum LNC drawdown since its inception was -92.87%, which is greater than PFLT's maximum drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for LNC and PFLT.
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Drawdown Indicators
| LNC | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.87% | -69.77% | -23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -29.13% | -21.90% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -29.13% | -22.96% | -6.17% |
Max Drawdown (5Y)Largest decline over 5 years | -73.14% | -29.64% | -43.50% |
Max Drawdown (10Y)Largest decline over 10 years | -79.19% | -69.77% | -9.42% |
Current DrawdownCurrent decline from peak | -38.58% | -22.85% | -15.73% |
Average DrawdownAverage peak-to-trough decline | -25.05% | -8.33% | -16.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.84% | 11.93% | +1.91% |
Volatility
LNC vs. PFLT - Volatility Comparison
Lincoln National Corporation (LNC) and PennantPark Floating Rate Capital Ltd. (PFLT) have volatilities of 7.69% and 8.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LNC | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 8.03% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 24.95% | 17.12% | +7.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.33% | 20.81% | +12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.85% | 21.28% | +21.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.75% | 28.98% | +17.77% |
Dividends
LNC vs. PFLT - Dividend Comparison
LNC's dividend yield for the trailing twelve months is around 4.84%, less than PFLT's 16.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNC Lincoln National Corporation | 4.84% | 4.04% | 5.68% | 6.67% | 5.86% | 2.46% | 3.18% | 2.51% | 2.57% | 1.51% | 1.51% | 1.59% |
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Financials
LNC vs. PFLT - Financials Comparison
This section allows you to compare key financial metrics between Lincoln National Corporation and PennantPark Floating Rate Capital Ltd.. 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
LNC vs. PFLT - Profitability Comparison
LNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln National Corporation reported a gross profit of 0.00 and revenue of 5.31B. Therefore, the gross margin over that period was 0.0%.
PFLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a gross profit of 1.39M and revenue of 110.28M. Therefore, the gross margin over that period was 1.3%.
LNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln National Corporation reported an operating income of 0.00 and revenue of 5.31B, resulting in an operating margin of 0.0%.
PFLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported an operating income of 3.99M and revenue of 110.28M, resulting in an operating margin of 3.6%.
LNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln National Corporation reported a net income of -172.00M and revenue of 5.31B, resulting in a net margin of -3.2%.
PFLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a net income of 85.16M and revenue of 110.28M, resulting in a net margin of 77.2%.
Frequently Asked Questions
LNC and PFLT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLT has higher volatility (8.03%) compared to LNC (7.69%). In terms of maximum drawdown, LNC dropped -92.87% vs PFLT's -69.77%.
LNC currently has the higher Sharpe Ratio (0.53 vs -0.86), 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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