MFIC vs. PICK
MFIC (MidCap Financial Investment Corporation) is a stock, while PICK (iShares MSCI Global Select Metals & Mining Producers ETF) is Materials fund tracking the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. Over the past 10 years, MFIC returned 7.83%/yr vs 17.67%/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 -6.27% return, which is significantly lower than PICK's 30.58% return. Over the past 10 years, MFIC has underperformed PICK with an annualized return of 7.83%, while PICK has yielded a comparatively higher 17.67% annualized return.
MFIC
- 1D
- -4.32%
- 1M
- -14.19%
- YTD
- -6.27%
- 6M
- -9.35%
- 1Y
- -9.73%
- 3Y*
- 7.31%
- 5Y*
- 5.13%
- 10Y*
- 7.83%
PICK
- 1D
- -2.74%
- 1M
- 11.27%
- YTD
- 30.58%
- 6M
- 38.84%
- 1Y
- 88.13%
- 3Y*
- 22.92%
- 5Y*
- 11.78%
- 10Y*
- 17.67%
MFIC vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -6.27% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 30.58% | 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 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
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 3, 2012 | 0.40 |
Over the past year, the correlation between MFIC and PICK has dropped to 0.20 - 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 Select 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.
| MFIC | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.51 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 4.53 | -4.95 |
| Martin ratioReturn relative to average drawdown | -1.12 | 18.20 | -19.32 |
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 | PICK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 3.16 | -3.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.43 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.62 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.21 | -0.07 |
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 | -18.08% | -2.74% | -15.34% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -24.12% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 4.86% | +3.83% |
Volatility
MFIC vs. PICK - Volatility Comparison
The current volatility for MidCap Financial Investment Corporation (MFIC) is 7.99%, while iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a volatility of 10.99%. 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 | 7.99% | 10.99% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 20.13% | 24.11% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.38% | 28.10% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 27.78% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.03% | 28.37% | +1.66% |
Dividends
MFIC vs. PICK - Dividend Comparison
MFIC's dividend yield for the trailing twelve months is around 13.94%, more than PICK's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 13.94% | 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 Select Metals & Mining Producers ETF | 2.20% | 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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (10.99%) compared to MFIC (7.99%). In terms of maximum drawdown, MFIC dropped -87.97% vs PICK's -68.87%.
PICK currently has the higher Sharpe Ratio (3.15 vs -0.42), 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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