MFIC vs. PICK
MFIC (MidCap Financial Investment Corporation) is a stock, while PICK (iShares MSCI Global Metals & Mining Producers ETF) is Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Over the past 10 years, MFIC returned 6.81%/yr vs 16.39%/yr for PICK. At a 0.40 correlation, their price movements are largely independent.
Performance
MFIC vs. PICK - Performance Comparison
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Returns By Period
In the year-to-date period, MFIC achieves a -9.00% return, which is significantly lower than PICK's 14.51% return. Over the past 10 years, MFIC has underperformed PICK with an annualized return of 6.81%, while PICK has yielded a comparatively higher 16.39% annualized return.
MFIC
- 1D
- -0.81%
- 1M
- -4.74%
- YTD
- -9.00%
- 6M
- -8.92%
- 1Y
- -10.36%
- 3Y*
- 5.42%
- 5Y*
- 5.13%
- 10Y*
- 6.81%
PICK
- 1D
- -2.43%
- 1M
- -7.52%
- YTD
- 14.51%
- 6M
- 14.07%
- 1Y
- 63.17%
- 3Y*
- 17.30%
- 5Y*
- 9.85%
- 10Y*
- 16.39%
MFIC vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -9.00% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 14.51% | 51.89% | -16.37% | 9.69% | 2.54% | 22.61% | 27.46% | 16.47% | -18.65% | 38.42% |
Correlation
The correlation between MFIC and PICK is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.40 |
Over the past year, the correlation between MFIC and PICK has dropped to 0.19 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
MFIC vs. PICK — Risk / Return Rank
MFIC
PICK
MFIC vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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.
| MFIC | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.36 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.25 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.11 | 12.00 | -13.11 |
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Drawdowns
MFIC vs. PICK - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than PICK's maximum drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for MFIC and PICK.
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Drawdown Indicators
| MFIC | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -68.87% | -19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -23.46% | -19.54% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -32.52% | +5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -36.37% | +9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -52.72% | -15.05% |
Current DrawdownCurrent decline from peak | -20.47% | -14.71% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -17.52% | -24.05% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.39% | 5.28% | +4.11% |
Volatility
MFIC vs. PICK - Volatility Comparison
The current volatility for MidCap Financial Investment Corporation (MFIC) is 8.08%, while iShares MSCI Global Metals & Mining Producers ETF (PICK) has a volatility of 13.30%. This indicates that MFIC experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFIC | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 13.30% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 20.88% | 26.68% | -5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.02% | 30.24% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.82% | 28.15% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 28.34% | +1.72% |
Dividends
MFIC vs. PICK - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 14.08%, more than PICK's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 14.08% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.26% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
MFIC and PICK have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (13.30%) compared to MFIC (8.08%). In terms of maximum drawdown, MFIC dropped -87.97% vs PICK's -68.87%.
PICK currently has the higher Sharpe Ratio (2.10 vs -0.43), 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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