ORC vs. HRZN
ORC (Orchid Island Capital, Inc.) and HRZN (Horizon Technology Finance Corporation) are both stocks. ORC operates in REIT - Mortgage (Real Estate), while HRZN operates in Asset Management (Financial Services). Over the past 10 years, ORC returned -3.18%/yr vs 2.38%/yr for HRZN. At a 0.29 correlation, their price movements are largely independent.
Performance
ORC vs. HRZN - Performance Comparison
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Returns By Period
In the year-to-date period, ORC achieves a 1.54% return, which is significantly higher than HRZN's -19.44% return. Over the past 10 years, ORC has underperformed HRZN with an annualized return of -3.18%, while HRZN has yielded a comparatively higher 2.38% annualized return.
ORC
- 1D
- 2.27%
- 1M
- 1.61%
- YTD
- 1.54%
- 6M
- 2.11%
- 1Y
- 17.55%
- 3Y*
- 6.04%
- 5Y*
- -8.28%
- 10Y*
- -3.18%
HRZN
- 1D
- 3.37%
- 1M
- 20.26%
- YTD
- -19.44%
- 6M
- -17.65%
- 1Y
- -21.91%
- 3Y*
- -14.02%
- 5Y*
- -12.48%
- 10Y*
- 2.38%
ORC vs. HRZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ORC Orchid Island Capital, Inc. | 1.54% | 12.66% | 9.87% | -3.10% | -41.63% | 0.07% | 4.75% | 6.68% | -20.38% | 1.07% |
HRZN Horizon Technology Finance Corporation | -19.44% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 26.88% | 11.71% | 18.62% |
Correlation
The correlation between ORC and HRZN is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.29 |
The correlation between ORC and HRZN shifts across timeframes, from 0.29 (all time) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ORC:
$1.28B
HRZN:
$203.46M
ORC:
$0.85
HRZN:
$0.63
ORC:
7.93
HRZN:
6.78
ORC:
0.03
HRZN:
0.14
ORC:
5.66
HRZN:
3.58
ORC:
0.92
HRZN:
0.61
ORC:
$181.13M
HRZN:
$53.12M
ORC:
$87.42M
HRZN:
$47.15M
ORC:
$197.11M
HRZN:
$51.20M
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Return for Risk
ORC vs. HRZN — Risk / Return Rank
ORC
HRZN
ORC vs. HRZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orchid Island Capital, Inc. (ORC) and Horizon Technology Finance Corporation (HRZN). 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.
| ORC | HRZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.93 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.47 | +1.53 |
| Martin ratioReturn relative to average drawdown | 2.39 | -0.83 | +3.22 |
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Drawdowns
ORC vs. HRZN - Drawdown Comparison
The maximum ORC drawdown since its inception was -75.77%, which is greater than HRZN's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for ORC and HRZN.
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Drawdown Indicators
| ORC | HRZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.77% | -62.57% | -13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -46.88% | +30.30% |
Max Drawdown (3Y)Largest decline over 3 years | -43.06% | -59.36% | +16.30% |
Max Drawdown (5Y)Largest decline over 5 years | -64.80% | -62.57% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -75.77% | -62.57% | -13.20% |
Current DrawdownCurrent decline from peak | -45.26% | -52.69% | +7.43% |
Average DrawdownAverage peak-to-trough decline | -28.86% | -13.42% | -15.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 26.33% | -18.96% |
Volatility
ORC vs. HRZN - Volatility Comparison
The current volatility for Orchid Island Capital, Inc. (ORC) is 6.82%, while Horizon Technology Finance Corporation (HRZN) has a volatility of 18.40%. This indicates that ORC experiences smaller price fluctuations and is considered to be less risky than HRZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORC | HRZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 18.40% | -11.58% |
Volatility (6M)Calculated over the trailing 6-month period | 17.88% | 41.40% | -23.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.51% | 43.87% | -22.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 31.92% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.74% | 36.69% | +1.05% |
Dividends
ORC vs. HRZN - Dividend Comparison
ORC's dividend yield for the trailing twelve months is around 20.68%, less than HRZN's 35.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 35.83% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
ORC Orchid Island Capital, Inc. | 20.68% | 20.00% | 18.51% | 21.35% | 29.67% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% |
Financials
ORC vs. HRZN - Financials Comparison
This section allows you to compare key financial metrics between Orchid Island Capital, Inc. and Horizon Technology 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
ORC and HRZN have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (18.40%) compared to ORC (6.82%). In terms of maximum drawdown, ORC dropped -75.77% vs HRZN's -62.57%.
ORC currently has the higher Sharpe Ratio (0.82 vs -0.50), 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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