Correlation
The correlation between NMFC and DGRO is 0.43, 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.
NMFC vs. DGRO
Compare and contrast key facts about New Mountain Finance Corporation (NMFC) and iShares Core Dividend Growth ETF (DGRO).
DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NMFC or DGRO.
Performance
NMFC vs. DGRO - Performance Comparison
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Key characteristics
NMFC:
-0.44
DGRO:
0.78
NMFC:
-0.49
DGRO:
1.12
NMFC:
0.93
DGRO:
1.16
NMFC:
-0.39
DGRO:
0.79
NMFC:
-1.14
DGRO:
3.10
NMFC:
8.14%
DGRO:
3.57%
NMFC:
20.71%
DGRO:
15.20%
NMFC:
-64.16%
DGRO:
-35.10%
NMFC:
-10.13%
DGRO:
-3.30%
Returns By Period
In the year-to-date period, NMFC achieves a -1.53% return, which is significantly lower than DGRO's 1.76% return. Over the past 10 years, NMFC has underperformed DGRO with an annualized return of 6.66%, while DGRO has yielded a comparatively higher 11.38% annualized return.
NMFC
-1.53%
10.01%
-4.53%
-9.24%
3.25%
12.79%
6.66%
DGRO
1.76%
3.53%
-3.30%
10.31%
9.13%
13.13%
11.38%
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Risk-Adjusted Performance
NMFC vs. DGRO — Risk-Adjusted Performance Rank
NMFC
DGRO
NMFC vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Mountain Finance Corporation (NMFC) and iShares Core Dividend Growth ETF (DGRO). 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.
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Dividends
NMFC vs. DGRO - Dividend Comparison
NMFC's dividend yield for the trailing twelve months is around 6.31%, more than DGRO's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFC New Mountain Finance Corporation | 6.31% | 6.04% | 11.71% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% | 9.91% |
DGRO iShares Core Dividend Growth ETF | 2.23% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
NMFC vs. DGRO - Drawdown Comparison
The maximum NMFC drawdown since its inception was -64.16%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for NMFC and DGRO.
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Volatility
NMFC vs. DGRO - Volatility Comparison
New Mountain Finance Corporation (NMFC) has a higher volatility of 6.71% compared to iShares Core Dividend Growth ETF (DGRO) at 4.35%. This indicates that NMFC's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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