OCSL vs. NMFC
OCSL (Oaktree Specialty Lending Corporation) and NMFC (New Mountain Finance Corporation) are both stocks. Both are in the Financial Services sector — OCSL in Credit Services, NMFC in Asset Management. Over the past 10 years, OCSL returned 7.88%/yr vs 5.17%/yr for NMFC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
OCSL vs. NMFC - 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 NMFC's -17.28% return. Over the past 10 years, OCSL has outperformed NMFC with an annualized return of 7.88%, while NMFC has yielded a comparatively lower 5.17% 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%
NMFC
- 1D
- -1.26%
- 1M
- -8.00%
- YTD
- -17.28%
- 6M
- -16.28%
- 1Y
- -21.62%
- 3Y*
- -5.11%
- 5Y*
- -0.67%
- 10Y*
- 5.17%
OCSL vs. NMFC - 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% |
NMFC New Mountain Finance Corporation | -17.28% | -7.17% | -0.95% | 15.47% | -0.55% | 31.94% | -7.13% | 20.64% | 2.78% | 5.71% |
Correlation
The correlation between OCSL and NMFC is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 20, 2011 | 0.50 |
Over the past year, OCSL and NMFC have become more correlated (0.70) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
OCSL:
$1.17
NMFC:
$328.53
OCSL:
9.78
NMFC:
0.02
OCSL:
3.43
NMFC:
2.09
OCSL:
$293.40M
NMFC:
$315.55M
OCSL:
$174.66M
NMFC:
$203.95M
OCSL:
$121.85M
NMFC:
$106.53M
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Return for Risk
OCSL vs. NMFC — Risk / Return Rank
OCSL
NMFC
OCSL vs. NMFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) and New Mountain Finance Corporation (NMFC). 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 | NMFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.85 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.87 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.62 | -1.66 | +1.04 |
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Drawdowns
OCSL vs. NMFC - Drawdown Comparison
The maximum OCSL drawdown since its inception was -59.52%, smaller than the maximum NMFC drawdown of -64.16%. Use the drawdown chart below to compare losses from any high point for OCSL and NMFC.
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Drawdown Indicators
| OCSL | NMFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | -64.16% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -24.87% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -28.07% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -34.16% | -28.07% | -6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -57.32% | -64.16% | +6.84% |
Current DrawdownCurrent decline from peak | -27.70% | -28.07% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -5.49% | -11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.15% | 13.08% | -3.93% |
Volatility
OCSL vs. NMFC - Volatility Comparison
The current volatility for Oaktree Specialty Lending Corporation (OCSL) is 6.58%, while New Mountain Finance Corporation (NMFC) has a volatility of 6.99%. This indicates that OCSL experiences smaller price fluctuations and is considered to be less risky than NMFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCSL | NMFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 6.99% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 18.62% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.84% | 23.02% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 18.55% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 25.96% | +0.93% |
Dividends
OCSL vs. NMFC - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.49%, less than NMFC's 17.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFC New Mountain Finance Corporation | 17.11% | 13.90% | 12.17% | 11.40% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% |
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. NMFC - Financials Comparison
This section allows you to compare key financial metrics between Oaktree Specialty Lending Corporation and New Mountain Finance 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
Frequently Asked Questions
OCSL and NMFC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMFC has higher volatility (6.99%) compared to OCSL (6.58%). In terms of maximum drawdown, OCSL dropped -59.52% vs NMFC's -64.16%.
OCSL currently has the higher Sharpe Ratio (-0.26 vs -0.94), 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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