OCSL vs. PFLT
OCSL (Oaktree Specialty Lending Corporation) and PFLT (PennantPark Floating Rate Capital Ltd.) are both stocks. Both are in the Financial Services sector — OCSL in Credit Services, PFLT in Asset Management. Over the past 10 years, OCSL returned 8.07%/yr vs 6.73%/yr for PFLT. At a 0.43 correlation, their price movements are largely independent.
Performance
OCSL vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, OCSL achieves a -0.90% return, which is significantly higher than PFLT's -4.55% return. Over the past 10 years, OCSL has outperformed PFLT with an annualized return of 8.07%, while PFLT has yielded a comparatively lower 6.73% annualized return.
OCSL
- 1D
- 0.83%
- 1M
- -5.37%
- YTD
- -0.90%
- 6M
- -4.35%
- 1Y
- -4.23%
- 3Y*
- -2.09%
- 5Y*
- 1.36%
- 10Y*
- 8.07%
PFLT
- 1D
- 0.12%
- 1M
- -6.95%
- YTD
- -4.55%
- 6M
- -2.45%
- 1Y
- -5.83%
- 3Y*
- 3.33%
- 5Y*
- 2.42%
- 10Y*
- 6.73%
OCSL vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | -0.90% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
PFLT PennantPark Floating Rate Capital Ltd. | -4.55% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
Correlation
The correlation between OCSL and PFLT is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011 | 0.43 |
Over the past year, OCSL and PFLT have become more correlated (0.71) than their long-term average of 0.43, meaning their price movements have been converging.
Fundamentals
OCSL:
$1.17
PFLT:
$1.69
OCSL:
10.42
PFLT:
4.93
OCSL:
0.85
PFLT:
0.03
OCSL:
3.65
PFLT:
2.54
OCSL:
$293.40M
PFLT:
$229.78M
OCSL:
$174.66M
PFLT:
$45.40M
OCSL:
$121.85M
PFLT:
$38.59M
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Return for Risk
OCSL vs. PFLT — Risk / Return Rank
OCSL
PFLT
OCSL vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) and PennantPark Floating Rate Capital Ltd. (PFLT). 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.
| OCSL | PFLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | -0.30 | +0.10 |
Sortino ratioReturn per unit of downside risk | -0.14 | -0.29 | +0.15 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.97 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.35 | +0.06 |
Martin ratioReturn relative to average drawdown | -0.64 | -0.67 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCSL | PFLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.30 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.12 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.23 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.26 | -0.11 |
Drawdowns
OCSL vs. PFLT - Drawdown Comparison
The maximum OCSL drawdown since its inception was -59.52%, smaller than the maximum PFLT drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for OCSL and PFLT.
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Drawdown Indicators
| OCSL | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | -69.77% | +10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -21.90% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -22.96% | -11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -34.16% | -29.64% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -57.32% | -69.77% | +12.45% |
Current DrawdownCurrent decline from peak | -25.11% | -14.87% | -10.24% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -8.06% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 11.28% | -2.39% |
Volatility
OCSL vs. PFLT - Volatility Comparison
Oaktree Specialty Lending Corporation (OCSL) has a higher volatility of 7.90% compared to PennantPark Floating Rate Capital Ltd. (PFLT) at 5.07%. This indicates that OCSL's price experiences larger fluctuations and is considered to be riskier than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCSL | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 5.07% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 15.67% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 19.63% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 21.05% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 28.90% | -2.08% |
Dividends
OCSL vs. PFLT - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.31%, less than PFLT's 14.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 13.31% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
PFLT PennantPark Floating Rate Capital Ltd. | 14.75% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Financials
OCSL vs. PFLT - Financials Comparison
This section allows you to compare key financial metrics between Oaktree Specialty Lending Corporation and PennantPark Floating Rate Capital Ltd.. 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. PFLT - 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%.
PFLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a gross profit of 1.39M and revenue of 110.28M. Therefore, the gross margin over that period was 1.3%.
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%.
PFLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported an operating income of 3.99M and revenue of 110.28M, resulting in an operating margin of 3.6%.
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%.
PFLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a net income of 85.16M and revenue of 110.28M, resulting in a net margin of 77.2%.
Frequently Asked Questions
OCSL and PFLT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCSL has higher volatility (7.90%) compared to PFLT (5.07%). In terms of maximum drawdown, OCSL dropped -59.52% vs PFLT's -69.77%.
OCSL currently has the higher Sharpe Ratio (-0.20 vs -0.30), 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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