MRCC vs. TCPC

Last updated Jun 3, 2026

MRCC (Monroe Capital Corporation) and TCPC (BlackRock TCP Capital Corp.) are both stocks. Both are in the Financial Services sector — MRCC in Mortgage Finance, TCPC in Asset Management. At a 0.35 correlation, their price movements are largely independent.

Performance

MRCC vs. TCPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monroe Capital Corporation (MRCC) and BlackRock TCP Capital Corp. (TCPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRCC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCPC

• 1D: -0.76%
• 1M: -10.71%
• YTD: -24.83%
• 6M: -28.42%
• 1Y: -40.46%
• 3Y*: -16.27%
• 5Y*: -12.41%
• 10Y*: -1.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MRCC vs. TCPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRCC Monroe Capital Corporation	-8.19%	-14.59%	36.74%	-5.68%	-15.37%	53.23%	-15.17%	27.79%	-22.10%	-1.64%
TCPC BlackRock TCP Capital Corp.	-24.83%	-26.24%	-12.26%	3.23%	5.61%	30.76%	-9.17%	19.31%	-5.59%	-1.22%

Correlation

The correlation between MRCC and TCPC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.33
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 Oct 26, 2012	0.35

Fundamentals

Market Cap MRCC : $110.06M TCPC : $330.59M
EPS MRCC : $0.53 TCPC : -$1.29
PS Ratio MRCC : 3.55 TCPC : 5.82
PB Ratio MRCC : 0.66 TCPC : 0.59
Total Revenue (TTM) MRCC : $31.01M TCPC : $57.18M
Gross Profit (TTM) MRCC : $1.44M TCPC : -$116.96M
EBITDA (TTM) MRCC : -$2.33M TCPC : -$43.73M

Return for Risk

MRCC vs. TCPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCPC

TCPC Risk / Return Rank: 5
TCPC Sharpe Ratio Rank: 2
TCPC Sortino Ratio Rank: 3
TCPC Omega Ratio Rank: 4
TCPC Calmar Ratio Rank: 9
TCPC Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MRCC vs. TCPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monroe Capital Corporation (MRCC) and BlackRock TCP Capital Corp. (TCPC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MRCC	TCPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.06	—

Drawdowns

Drawdown Indicators

	MRCC	TCPC	Difference
Max Drawdown Largest peak-to-trough decline	—	-69.08%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-50.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-58.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.08%	—
Current Drawdown Current decline from peak	—	-53.17%	—
Average Drawdown Average peak-to-trough decline	—	-9.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.15%	—

Volatility

Volatility by Period

	MRCC	TCPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	33.14%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.40%	—

Dividends

MRCC vs. TCPC - Dividend Comparison

MRCC's dividend yield for the trailing twelve months is around 26.97%, more than TCPC's 25.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MRCC Monroe Capital Corporation	26.97%	14.60%	11.76%	14.15%	11.71%	8.91%	13.70%	12.89%	14.58%	10.18%	9.10%	10.70%
TCPC BlackRock TCP Capital Corp.	25.51%	20.48%	16.76%	14.64%	9.81%	8.88%	11.74%	10.25%	11.04%	9.42%	8.52%	10.34%

Financials

MRCC vs. TCPC - Profitability Comparison

The chart below illustrates the profitability comparison between Monroe Capital Corporation and BlackRock TCP Capital Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MRCC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monroe Capital Corporation reported a gross profit of 0.00 and revenue of 18.21M. Therefore, the gross margin over that period was 0.0%.

TCPC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackRock TCP Capital Corp. reported a gross profit of 0.00 and revenue of 42.58M. Therefore, the gross margin over that period was 0.0%.

MRCC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monroe Capital Corporation reported an operating income of 0.00 and revenue of 18.21M, resulting in an operating margin of 0.0%.

TCPC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackRock TCP Capital Corp. reported an operating income of 0.00 and revenue of 42.58M, resulting in an operating margin of 0.0%.

MRCC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monroe Capital Corporation reported a net income of 13.88M and revenue of 18.21M, resulting in a net margin of 76.2%.

TCPC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackRock TCP Capital Corp. reported a net income of 0.00 and revenue of 42.58M, resulting in a net margin of 0.0%.

Frequently Asked Questions

Can I hold both MRCC and TCPC in my portfolio?

MRCC and TCPC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.