OXLCP vs. VABS
OXLCP (Oxford Lane Capital Corp.) is a stock, while VABS (Virtus Newfleet ABS/MBS ETF) is Mortgage Backed Securities fund actively managed by Virtus Investment Partners. Over the past 5 years, OXLCP returned 6.57%/yr vs 3.25%/yr for VABS. At a 0.04 correlation, their price movements are largely independent.
Performance
OXLCP vs. VABS - Performance Comparison
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Returns By Period
In the year-to-date period, OXLCP achieves a 4.37% return, which is significantly higher than VABS's 1.61% return.
OXLCP
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 4.37%
- 6M
- 4.16%
- 1Y
- 9.33%
- 3Y*
- 10.04%
- 5Y*
- 6.57%
- 10Y*
- —
VABS
- 1D
- -0.11%
- 1M
- 0.37%
- YTD
- 1.61%
- 6M
- 1.74%
- 1Y
- 3.95%
- 3Y*
- 6.23%
- 5Y*
- 3.25%
- 10Y*
- —
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 | 1.61% | 5.40% | 7.59% | 7.61% | -5.24% | 0.37% |
Correlation
The correlation between OXLCP and VABS is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year 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 -0.12 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OXLCP vs. VABS — Risk / Return Rank
OXLCP
VABS
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 ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.43 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 9.65 | 4.03 | +5.63 |
| Martin ratioReturn relative to average drawdown | 28.34 | 10.39 | +17.95 |
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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.
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Drawdown Indicators
| OXLCP | VABS | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.25% | -0.23% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -1.40% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.38% | -0.05% |
Volatility
OXLCP vs. VABS - Volatility Comparison
The current volatility for Oxford Lane Capital Corp. (OXLCP) is 0.35%, while Virtus Newfleet ABS/MBS ETF (VABS) has a volatility of 0.37%. 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.
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Volatility by Period
| OXLCP | VABS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 0.37% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 1.06% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 2.01% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 2.30% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.01% | 2.24% | +22.77% |
Dividends
OXLCP vs. VABS - Dividend Comparison
OXLCP's dividend yield for the trailing twelve months is around 5.73%, more than VABS's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
OXLCP Oxford Lane Capital Corp. | 5.73% | 6.35% | 6.49% | 6.82% | 6.89% | 6.18% | 6.02% |
VABS Virtus Newfleet ABS/MBS ETF | 5.07% | 4.94% | 5.05% | 4.13% | 2.47% | 1.47% | 0.00% |
Frequently Asked Questions
OXLCP and VABS have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VABS has higher volatility (0.37%) compared to OXLCP (0.35%). In terms of maximum drawdown, OXLCP dropped -49.79% vs VABS's -7.12%.
OXLCP currently has the higher Sharpe Ratio (2.48 vs 1.97), 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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