NMFC vs. STAG

Last updated Jun 9, 2026

NMFC (New Mountain Finance Corporation) and STAG (STAG Industrial, Inc.) are both stocks. NMFC operates in Asset Management (Financial Services), while STAG operates in REIT - Industrial (Real Estate). Over the past 10 years, NMFC returned 6.08%/yr vs 9.93%/yr for STAG. At a 0.32 correlation, their price movements are largely independent.

Performance

NMFC vs. STAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Mountain Finance Corporation (NMFC) and STAG Industrial, Inc. (STAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMFC achieves a -11.79% return, which is significantly lower than STAG's 2.13% return. Over the past 10 years, NMFC has underperformed STAG with an annualized return of 6.08%, while STAG has yielded a comparatively higher 9.93% annualized return.

NMFC

• 1D: -0.51%
• 1M: -5.92%
• YTD: -11.79%
• 6M: -13.53%
• 1Y: -16.84%
• 3Y*: -3.49%
• 5Y*: -0.05%
• 10Y*: 6.08%

STAG

• 1D: -0.32%
• 1M: -4.65%
• YTD: 2.13%
• 6M: -1.21%
• 1Y: 4.41%
• 3Y*: 4.98%
• 5Y*: 3.47%
• 10Y*: 9.93%

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

NMFC vs. STAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMFC New Mountain Finance Corporation	-11.79%	-7.17%	-0.95%	15.47%	-0.55%	31.94%	-7.13%	20.64%	2.78%	5.71%
STAG STAG Industrial, Inc.	2.13%	13.30%	-10.34%	26.73%	-29.66%	59.10%	4.18%	33.20%	-3.81%	20.68%

Correlation

The correlation between NMFC and STAG is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 23, 2011	0.32

The correlation between NMFC and STAG shifts across timeframes, from 0.18 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS NMFC : $328.53 STAG : $1.30
PE Ratio NMFC : 0.02 STAG : 28.66
PS Ratio NMFC : 2.30 STAG : 8.10
Total Revenue (TTM) NMFC : $315.55M STAG : $863.82M
Gross Profit (TTM) NMFC : $203.95M STAG : $356.54M
EBITDA (TTM) NMFC : $106.53M STAG : $598.36M

Return for Risk

NMFC vs. STAG — Risk / Return Rank

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

NMFC

NMFC Risk / Return Rank: 13
NMFC Sharpe Ratio Rank: 11
NMFC Sortino Ratio Rank: 12
NMFC Omega Ratio Rank: 14
NMFC Calmar Ratio Rank: 17
NMFC Martin Ratio Rank: 10

STAG

STAG Risk / Return Rank: 48
STAG Sharpe Ratio Rank: 50
STAG Sortino Ratio Rank: 42
STAG Omega Ratio Rank: 41
STAG Calmar Ratio Rank: 53
STAG Martin Ratio Rank: 54

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.

NMFC vs. STAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Mountain Finance Corporation (NMFC) and STAG Industrial, Inc. (STAG). 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.

	NMFC	STAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	0.23	-0.98
Sortino ratio: Return per unit of downside risk	-0.98	0.46	-1.44
Omega ratio: Gain probability vs. loss probability	0.89	1.05	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.69	0.47	-1.16
Martin ratio: Return relative to average drawdown	-1.35	1.14	-2.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMFC vs. STAG - Sharpe Ratio Comparison

The current NMFC Sharpe Ratio is -0.75, which is lower than the STAG Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of NMFC and STAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NMFC	STAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	0.23	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.15	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.38	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.52	-0.21

Drawdowns

NMFC vs. STAG - Drawdown Comparison

The maximum NMFC drawdown since its inception was -64.16%, which is greater than STAG's maximum drawdown of -45.08%. Use the drawdown chart below to compare losses from any high point for NMFC and STAG.

Drawdown Indicators

	NMFC	STAG	Difference
Max Drawdown Largest peak-to-trough decline	-64.16%	-45.08%	-19.08%
Max Drawdown (1Y) Largest decline over 1 year	-24.56%	-9.44%	-15.12%
Max Drawdown (3Y) Largest decline over 3 years	-27.77%	-24.59%	-3.18%
Max Drawdown (5Y) Largest decline over 5 years	-27.77%	-42.22%	+14.45%
Max Drawdown (10Y) Largest decline over 10 years	-64.16%	-45.08%	-19.08%
Current Drawdown Current decline from peak	-23.29%	-7.51%	-15.78%
Average Drawdown Average peak-to-trough decline	-5.45%	-10.51%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.48%	3.88%	+8.60%

Volatility

NMFC vs. STAG - Volatility Comparison

New Mountain Finance Corporation (NMFC) has a higher volatility of 6.73% compared to STAG Industrial, Inc. (STAG) at 4.82%. This indicates that NMFC's price experiences larger fluctuations and is considered to be riskier than STAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMFC	STAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	4.82%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	18.23%	13.71%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	22.67%	19.36%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.54%	23.40%	-4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	26.16%	-0.25%

Dividends

NMFC vs. STAG - Dividend Comparison

NMFC's dividend yield for the trailing twelve months is around 16.43%, more than STAG's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMFC New Mountain Finance Corporation	16.43%	13.90%	12.17%	11.40%	9.86%	8.76%	10.92%	9.90%	10.81%	10.04%	9.65%	10.45%
STAG STAG Industrial, Inc.	3.38%	4.05%	4.38%	3.74%	4.52%	3.02%	4.60%	4.53%	5.71%	5.14%	5.82%	7.40%

Financials

Frequently Asked Questions

Can I hold both NMFC and STAG in my portfolio?

NMFC and STAG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMFC or STAG?

NMFC has higher volatility (6.73%) compared to STAG (4.82%). In terms of maximum drawdown, NMFC dropped -64.16% vs STAG's -45.08%.

Which has better risk-adjusted returns?

STAG currently has the higher Sharpe Ratio (0.23 vs -0.75), 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.