OCSL vs. MFIC
OCSL (Oaktree Specialty Lending Corporation) and MFIC (MidCap Financial Investment Corporation) are both stocks. Both are in the Financial Services sector — OCSL in Credit Services, MFIC in Asset Management. Over the past 10 years, OCSL returned 7.88%/yr vs 6.75%/yr for MFIC. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
OCSL vs. MFIC - Performance Comparison
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Returns By Period
In the year-to-date period, OCSL achieves a -4.33% return, which is significantly higher than MFIC's -9.56% return. Over the past 10 years, OCSL has outperformed MFIC with an annualized return of 7.88%, while MFIC has yielded a comparatively lower 6.75% annualized return.
OCSL
- 1D
- -1.47%
- 1M
- -0.18%
- YTD
- -4.33%
- 6M
- -4.70%
- 1Y
- -5.66%
- 3Y*
- -4.04%
- 5Y*
- 0.33%
- 10Y*
- 7.88%
MFIC
- 1D
- -1.91%
- 1M
- -5.33%
- YTD
- -9.56%
- 6M
- -10.50%
- 1Y
- -10.62%
- 3Y*
- 5.21%
- 5Y*
- 5.05%
- 10Y*
- 6.75%
OCSL vs. MFIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | -4.33% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
MFIC MidCap Financial Investment Corporation | -9.56% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
Correlation
The correlation between OCSL and MFIC is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2008 | 0.54 |
The correlation between OCSL and MFIC shifts across timeframes, from 0.54 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OCSL:
$1.17
MFIC:
$0.47
OCSL:
9.78
MFIC:
20.70
OCSL:
0.80
MFIC:
0.56
OCSL:
3.43
MFIC:
3.74
OCSL:
$293.40M
MFIC:
$181.67M
OCSL:
$174.66M
MFIC:
$197.06M
OCSL:
$121.85M
MFIC:
$159.92M
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Return for Risk
OCSL vs. MFIC — Risk / Return Rank
OCSL
MFIC
OCSL vs. MFIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) and MidCap Financial Investment Corporation (MFIC). 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.
| OCSL | MFIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.94 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.45 | +0.17 |
| Martin ratioReturn relative to average drawdown | -0.62 | -1.15 | +0.53 |
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Drawdowns
OCSL vs. MFIC - Drawdown Comparison
The maximum OCSL drawdown since its inception was -59.52%, smaller than the maximum MFIC drawdown of -87.97%. Use the drawdown chart below to compare losses from any high point for OCSL and MFIC.
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Drawdown Indicators
| OCSL | MFIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | -87.97% | +28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -23.46% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -26.97% | -7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.16% | -26.97% | -7.19% |
Max Drawdown (10Y)Largest decline over 10 years | -57.32% | -67.77% | +10.45% |
Current DrawdownCurrent decline from peak | -27.70% | -20.96% | -6.74% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -17.52% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.15% | 9.26% | -0.11% |
Volatility
OCSL vs. MFIC - Volatility Comparison
The current volatility for Oaktree Specialty Lending Corporation (OCSL) is 6.58%, while MidCap Financial Investment Corporation (MFIC) has a volatility of 7.88%. This indicates that OCSL experiences smaller price fluctuations and is considered to be less risky than MFIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCSL | MFIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 7.88% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 20.86% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.84% | 24.02% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 22.81% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 30.07% | -3.18% |
Dividends
OCSL vs. MFIC - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.49%, less than MFIC's 14.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | 14.17% | 13.29% | 12.75% | 11.11% | 12.37% | 11.26% | 15.25% | 10.31% | 14.52% | 10.60% | 11.95% | 15.33% |
OCSL Oaktree Specialty Lending Corporation | 13.49% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
Financials
OCSL vs. MFIC - Financials Comparison
This section allows you to compare key financial metrics between Oaktree Specialty Lending Corporation and MidCap Financial Investment Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OCSL vs. MFIC - Profitability Comparison
OCSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported a gross profit of 0.00 and revenue of 65.25M. Therefore, the gross margin over that period was 0.0%.
MFIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MidCap Financial Investment Corporation reported a gross profit of 0.00 and revenue of 71.80K. Therefore, the gross margin over that period was 0.0%.
OCSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported an operating income of 0.00 and revenue of 65.25M, resulting in an operating margin of 0.0%.
MFIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MidCap Financial Investment Corporation reported an operating income of 0.00 and revenue of 71.80K, resulting in an operating margin of 0.0%.
OCSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported a net income of 34.37M and revenue of 65.25M, resulting in a net margin of 52.7%.
MFIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MidCap Financial Investment Corporation reported a net income of 0.00 and revenue of 71.80K, resulting in a net margin of 0.0%.
Frequently Asked Questions
OCSL and MFIC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFIC has higher volatility (7.88%) compared to OCSL (6.58%). In terms of maximum drawdown, OCSL dropped -59.52% vs MFIC's -87.97%.
OCSL currently has the higher Sharpe Ratio (-0.26 vs -0.44), 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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