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 6.54%/yr vs 4.35%/yr for PFLT. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
OCSL vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, OCSL achieves a -2.74% return, which is significantly higher than PFLT's -18.83% return. Over the past 10 years, OCSL has outperformed PFLT with an annualized return of 6.54%, while PFLT has yielded a comparatively lower 4.35% annualized return.
OCSL
- 1D
- -0.85%
- 1M
- -4.84%
- 6M
- 0.58%
- YTD
- -2.74%
- 1Y
- -3.03%
- 3Y*
- -6.47%
- 5Y*
- 0.48%
- 10Y*
- 6.54%
- ALL TIME*
- 3.85%
PFLT
- 1D
- -1.00%
- 1M
- -6.17%
- 6M
- -21.14%
- YTD
- -18.83%
- 1Y
- -23.65%
- 3Y*
- -4.27%
- 5Y*
- -1.47%
- 10Y*
- 4.35%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.26M | $5.20M | $7.41M | |
| $8.63M | $9.40M | $9.33M |
OCSL vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | -2.74% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
PFLT PennantPark Floating Rate Capital Ltd. | -18.83% | -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 have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 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:
$1.02B
PFLT:
$688.57M
OCSL:
$1.17
PFLT:
$1.79
OCSL:
9.94
PFLT:
3.88
OCSL:
0.81
PFLT:
0.02
OCSL:
3.49
PFLT:
2.00
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.
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 | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.83 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.96 | +0.71 |
| Martin ratioReturn relative to average drawdown | -0.57 | -1.97 | +1.40 |
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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 | -19.46% | -25.25% | +5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -28.44% | -5.72% |
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 | -26.50% | -27.61% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -8.46% | -8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 12.29% | -3.61% |
Volatility
OCSL vs. PFLT - Volatility Comparison
The current volatility for Oaktree Specialty Lending Corporation (OCSL) is 5.79%, while PennantPark Floating Rate Capital Ltd. (PFLT) has a volatility of 6.65%. This indicates that OCSL experiences smaller price fluctuations and is considered to be less risky 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 | 5.79% | 6.65% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.18% | 18.40% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.19% | 22.03% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.08% | 21.45% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.86% | 29.09% | -2.23% |
Dividends
OCSL vs. PFLT - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.26%, less than PFLT's 17.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 13.26% | 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. | 17.12% | 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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.
PFLT has higher volatility (6.65%) compared to OCSL (5.79%). In terms of maximum drawdown, OCSL dropped -59.52% vs PFLT's -69.77%.
OCSL currently has the higher Sharpe Ratio (-0.22 vs -1.10), 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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