MFIC vs. OCSL
MFIC (MidCap Financial Investment Corporation) and OCSL (Oaktree Specialty Lending Corporation) are both stocks. Both are in the Financial Services sector — MFIC in Asset Management, OCSL in Credit Services. Over the past 10 years, MFIC returned 8.31%/yr vs 8.07%/yr for OCSL. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
MFIC vs. OCSL - Performance Comparison
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Returns By Period
In the year-to-date period, MFIC achieves a -2.04% return, which is significantly lower than OCSL's -0.90% return. Both investments have delivered pretty close results over the past 10 years, with MFIC having a 8.31% annualized return and OCSL not far behind at 8.07%.
MFIC
- 1D
- -0.64%
- 1M
- -8.96%
- YTD
- -2.04%
- 6M
- -4.39%
- 1Y
- -5.00%
- 3Y*
- 8.90%
- 5Y*
- 6.11%
- 10Y*
- 8.31%
OCSL
- 1D
- 0.83%
- 1M
- -5.37%
- YTD
- -0.90%
- 6M
- -4.35%
- 1Y
- -4.23%
- 3Y*
- -2.09%
- 5Y*
- 1.36%
- 10Y*
- 8.07%
MFIC vs. OCSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -2.04% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
OCSL Oaktree Specialty Lending Corporation | -0.90% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
Correlation
The correlation between MFIC and OCSL is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2008 | 0.54 |
The correlation between MFIC and OCSL shifts across timeframes, from 0.54 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MFIC:
$0.47
OCSL:
$1.17
MFIC:
23.10
OCSL:
10.42
MFIC:
0.63
OCSL:
0.85
MFIC:
4.18
OCSL:
3.65
MFIC:
$181.67M
OCSL:
$293.40M
MFIC:
$197.06M
OCSL:
$174.66M
MFIC:
$159.92M
OCSL:
$121.85M
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Return for Risk
MFIC vs. OCSL — Risk / Return Rank
MFIC
OCSL
MFIC vs. OCSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and Oaktree Specialty Lending Corporation (OCSL). 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 | OCSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.22 | -0.20 | -0.02 |
Sortino ratioReturn per unit of downside risk | -0.15 | -0.14 | -0.01 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.98 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.29 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.75 | -0.64 | -0.11 |
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 | OCSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | -0.20 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.07 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.30 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.14 | 0.00 |
Drawdowns
MFIC vs. OCSL - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than OCSL's maximum drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for MFIC and OCSL.
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Drawdown Indicators
| MFIC | OCSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -59.52% | -28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -23.46% | -19.77% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -34.16% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -34.16% | +7.19% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -57.32% | -10.45% |
Current DrawdownCurrent decline from peak | -14.38% | -25.11% | +10.73% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -16.42% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.64% | 8.89% | -0.25% |
Volatility
MFIC vs. OCSL - Volatility Comparison
The current volatility for MidCap Financial Investment Corporation (MFIC) is 7.28%, while Oaktree Specialty Lending Corporation (OCSL) has a volatility of 7.90%. This indicates that MFIC experiences smaller price fluctuations and is considered to be less risky than OCSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFIC | OCSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 7.90% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 17.03% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 21.42% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.72% | 19.83% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.00% | 26.82% | +3.18% |
Dividends
MFIC vs. OCSL - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 13.34%, which matches OCSL's 13.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 13.34% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
OCSL Oaktree Specialty Lending Corporation | 13.31% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
Financials
MFIC vs. OCSL - Financials Comparison
This section allows you to compare key financial metrics between MidCap Financial Investment Corporation and Oaktree Specialty Lending 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
MFIC vs. OCSL - Profitability Comparison
MFIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MidCap Financial Investment Corporation reported a gross profit of 0.00 and revenue of 71.80K. Therefore, the gross margin over that period was 0.0%.
OCSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported a gross profit of 0.00 and revenue of 65.25M. 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 Jun 2026, MidCap Financial Investment Corporation reported an operating income of 0.00 and revenue of 71.80K, resulting in an operating margin of 0.0%.
OCSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported an operating income of 0.00 and revenue of 65.25M, 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 Jun 2026, MidCap Financial Investment Corporation reported a net income of 0.00 and revenue of 71.80K, resulting in a net margin of 0.0%.
OCSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported a net income of 34.37M and revenue of 65.25M, resulting in a net margin of 52.7%.
Frequently Asked Questions
MFIC and OCSL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCSL has higher volatility (7.90%) compared to MFIC (7.28%). In terms of maximum drawdown, MFIC dropped -87.97% vs OCSL's -59.52%.
OCSL currently has the higher Sharpe Ratio (-0.20 vs -0.22), 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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