MFIC vs. GBDC
Compare and contrast key facts about MidCap Financial Investment Corporation (MFIC) and Golub Capital BDC, Inc. (GBDC).
Performance
MFIC vs. GBDC - Performance Comparison
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MFIC vs. GBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 1.30% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
GBDC Golub Capital BDC, Inc. | -5.31% | -0.50% | 13.57% | 27.69% | -6.99% | 17.78% | -14.73% | 21.09% | -2.20% | 6.27% |
Fundamentals
MFIC:
$1.22
GBDC:
$1.36
MFIC:
9.23
GBDC:
9.20
MFIC:
0.25
GBDC:
5.17
MFIC:
45.86
GBDC:
4.69
MFIC:
$15.28M
GBDC:
$708.34M
MFIC:
$103.18M
GBDC:
$510.52M
MFIC:
$108.24M
GBDC:
$338.37M
Returns By Period
In the year-to-date period, MFIC achieves a 1.30% return, which is significantly higher than GBDC's -5.31% return. Over the past 10 years, MFIC has outperformed GBDC with an annualized return of 7.96%, while GBDC has yielded a comparatively lower 6.13% annualized return.
MFIC
- 1D
- 0.00%
- 1M
- 14.40%
- YTD
- 1.30%
- 6M
- 1.20%
- 1Y
- -1.23%
- 3Y*
- 12.18%
- 5Y*
- 7.89%
- 10Y*
- 7.96%
GBDC
- 1D
- -1.26%
- 1M
- 4.64%
- YTD
- -5.31%
- 6M
- -2.21%
- 1Y
- -8.43%
- 3Y*
- 8.99%
- 5Y*
- 6.61%
- 10Y*
- 6.13%
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Return for Risk
MFIC vs. GBDC — Risk / Return Rank
MFIC
GBDC
MFIC vs. GBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and Golub Capital BDC, Inc. (GBDC). 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.
| MFIC | GBDC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.04 | -0.39 | +0.35 |
Sortino ratioReturn per unit of downside risk | 0.14 | -0.42 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.02 | 0.95 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.44 | +0.38 |
Martin ratioReturn relative to average drawdown | -0.15 | -0.98 | +0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MFIC | GBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | -0.39 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.39 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.29 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.38 | -0.23 |
Correlation
The correlation between MFIC and GBDC is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MFIC vs. GBDC - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 12.90%, more than GBDC's 12.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 12.90% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
GBDC Golub Capital BDC, Inc. | 12.00% | 11.50% | 12.73% | 10.00% | 9.35% | 7.58% | 8.44% | 7.70% | 8.49% | 7.47% | 8.32% | 7.70% |
Drawdowns
MFIC vs. GBDC - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than GBDC's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for MFIC and GBDC.
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Drawdown Indicators
| MFIC | GBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -47.30% | -40.67% |
Max Drawdown (1Y)Largest decline over 1 year | -23.46% | -18.20% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -19.28% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -47.30% | -20.47% |
Current DrawdownCurrent decline from peak | -11.47% | -12.34% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -6.12% | -11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | 8.20% | +0.37% |
Volatility
MFIC vs. GBDC - Volatility Comparison
MidCap Financial Investment Corporation (MFIC) has a higher volatility of 8.18% compared to Golub Capital BDC, Inc. (GBDC) at 7.20%. This indicates that MFIC's price experiences larger fluctuations and is considered to be riskier than GBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFIC | GBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 7.20% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 19.11% | 14.63% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 21.59% | +6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.78% | 16.86% | +5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.99% | 21.39% | +8.60% |
Financials
MFIC vs. GBDC - Financials Comparison
This section allows you to compare key financial metrics between MidCap Financial Investment Corporation and Golub Capital BDC, 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
MFIC vs. GBDC - Profitability Comparison
MFIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MidCap Financial Investment Corporation reported a gross profit of 0.00 and revenue of -163.58M. Therefore, the gross margin over that period was 0.0%.
GBDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Golub Capital BDC, Inc. reported a gross profit of 0.00 and revenue of 203.49M. Therefore, the gross margin over that period was 0.0%.
MFIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MidCap Financial Investment Corporation reported an operating income of 0.00 and revenue of -163.58M, resulting in an operating margin of 0.0%.
GBDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Golub Capital BDC, Inc. reported an operating income of 0.00 and revenue of 203.49M, resulting in an operating margin of 0.0%.
MFIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MidCap Financial Investment Corporation reported a net income of 0.00 and revenue of -163.58M, resulting in a net margin of 0.0%.
GBDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Golub Capital BDC, Inc. reported a net income of 95.76M and revenue of 203.49M, resulting in a net margin of 47.1%.