OXLCP vs. VABS

Last updated Aug 1, 2026

OXLCP (Oxford Lane Capital Corp.) is a stock, while VABS (Virtus Newfleet ABS/MBS ETF) is Mortgage Backed Securities fund actively managed by Virtus. Over the past 5 years, OXLCP returned 6.41%/yr vs 3.26%/yr for VABS. Their 0.04 correlation means their historical movements had little consistent relationship.

Performance

OXLCP vs. VABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oxford Lane Capital Corp. (OXLCP) and Virtus Newfleet ABS/MBS ETF (VABS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OXLCP achieves a 4.37% return, which is significantly higher than VABS's 2.04% return.

OXLCP

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.54%
• YTD: 4.37%
• 1Y: 8.00%
• 3Y*: 9.65%
• 5Y*: 6.41%
• 10Y*: —
• ALL TIME*: 6.80%

VABS

• 1D: -0.08%
• 1M: 0.13%
• 6M: 1.54%
• YTD: 2.04%
• 1Y: 3.38%
• 3Y*: 6.16%
• 5Y*: 3.26%
• 10Y*: —
• ALL TIME*: 3.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OXLCP Oxford Lane Capital Corp.	$0.00	$0.00	$36.28K
VABS Virtus Newfleet ABS/MBS ETF	$47.74K	$55.28K	$583.29K

OXLCP vs. VABS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OXLCP Oxford Lane Capital Corp.	4.37%	9.04%	12.26%	8.13%	-4.30%	12.26%
VABS Virtus Newfleet ABS/MBS ETF	2.04%	5.40%	7.59%	7.61%	-5.24%	0.37%

Correlation

The correlation between OXLCP and VABS is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.13
Correlation (3Y) Balances recent behavior with more history.	-0.00
Correlation (5Y) Shows whether the relationship held over a longer period.	0.04
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021	0.04

The correlation between OXLCP and VABS shifts across timeframes, from -0.13 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OXLCP vs. VABS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OXLCP

OXLCP Risk / Return Rank: 97
OXLCP Sharpe Ratio Rank: 94
OXLCP Sortino Ratio Rank: 96
OXLCP Omega Ratio Rank: 97
OXLCP Calmar Ratio Rank: 98
OXLCP Martin Ratio Rank: 98

VABS

VABS Risk / Return Rank: 85
VABS Sharpe Ratio Rank: 85
VABS Sortino Ratio Rank: 83
VABS Omega Ratio Rank: 91
VABS Calmar Ratio Rank: 90
VABS Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OXLCP vs. VABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLCP) and Virtus Newfleet ABS/MBS ETF (VABS). 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.

	OXLCP	VABS	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.98	+0.36
Sortino ratio: Return per unit of downside risk	3.65	2.72	+0.93
Omega ratio: Gain probability vs. loss probability	1.56	1.43	+0.13
Calmar ratio: Return relative to maximum drawdown	8.38	3.80	+4.59
Martin ratio: Return relative to average drawdown	26.28	9.93	+16.35

OXLCP vs. VABS - Sharpe Ratio Comparison

The current OXLCP Sharpe Ratio is 2.34, which is comparable to the VABS Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of OXLCP and VABS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OXLCP vs. VABS - Drawdown Comparison

The maximum OXLCP drawdown since its inception was -49.79%, which is greater than VABS's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for OXLCP and VABS.

Drawdown Indicators

	OXLCP	VABS	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-7.12%	-42.67%
Max Drawdown (1Y) Largest decline over 1 year	-0.97%	-0.98%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-1.90%	-1.42%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-11.72%	-7.12%	-4.60%
Current Drawdown Current decline from peak	-0.25%	-0.12%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.35%	-1.38%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.38%	-0.07%

Volatility

OXLCP vs. VABS - Volatility Comparison

The current volatility for Oxford Lane Capital Corp. (OXLCP) is 0.00%, while Virtus Newfleet ABS/MBS ETF (VABS) has a volatility of 0.47%. This indicates that OXLCP experiences smaller price fluctuations and is considered to be less risky than VABS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OXLCP	VABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.47%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	2.16%	1.14%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	1.89%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.30%	2.31%	+5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.80%	2.22%	+22.58%

Dividends

OXLCP vs. VABS - Dividend Comparison

OXLCP's dividend yield for the trailing twelve months is around 5.21%, more than VABS's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
OXLCP Oxford Lane Capital Corp.	5.21%	6.35%	6.49%	6.82%	6.89%	6.18%	6.02%
VABS Virtus Newfleet ABS/MBS ETF	5.03%	4.94%	5.05%	4.13%	2.47%	1.47%	0.00%

Frequently Asked Questions

Can I hold both OXLCP and VABS in my portfolio?

OXLCP and VABS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OXLCP or VABS?

VABS has higher volatility (0.47%) compared to OXLCP (0.00%). In terms of maximum drawdown, OXLCP dropped -49.79% vs VABS's -7.12%.

Which has better risk-adjusted returns?

OXLCP currently has the higher Sharpe Ratio (2.34 vs 1.98), 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.