PAX vs. CSWC
PAX (Patria Investments Limited) and CSWC (Capital Southwest Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, PAX returned -3.54%/yr vs 8.63%/yr for CSWC. At a 0.32 correlation, their price movements are largely independent.
Performance
PAX vs. CSWC - Performance Comparison
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Returns By Period
In the year-to-date period, PAX achieves a -27.91% return, which is significantly lower than CSWC's 9.39% return.
PAX
- 1D
- -3.87%
- 1M
- -10.63%
- YTD
- -27.91%
- 6M
- -24.79%
- 1Y
- -8.10%
- 3Y*
- -4.76%
- 5Y*
- -3.54%
- 10Y*
- —
CSWC
- 1D
- -1.82%
- 1M
- -3.08%
- YTD
- 9.39%
- 6M
- 12.32%
- 1Y
- 27.28%
- 3Y*
- 20.78%
- 5Y*
- 8.63%
- 10Y*
- 17.04%
PAX vs. CSWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAX Patria Investments Limited | -27.91% | 43.06% | -20.01% | 18.86% | -9.94% | -15.01% |
CSWC Capital Southwest Corporation | 9.39% | 14.28% | 2.14% | 56.10% | -24.63% | 52.58% |
Correlation
The correlation between PAX and CSWC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021 | 0.32 |
Fundamentals
PAX:
$1.77B
CSWC:
$1.45B
PAX:
$0.46
CSWC:
$1.76
PAX:
24.31
CSWC:
13.17
PAX:
4.37
CSWC:
6.70
PAX:
2.94
CSWC:
1.43
PAX:
$401.58M
CSWC:
$222.04M
PAX:
$340.05M
CSWC:
$172.70M
PAX:
$155.87M
CSWC:
$142.78M
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Return for Risk
PAX vs. CSWC — Risk / Return Rank
PAX
CSWC
PAX vs. CSWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patria Investments Limited (PAX) and Capital Southwest Corporation (CSWC). 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.
| PAX | CSWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.74 | -1.96 |
| Martin ratioReturn relative to average drawdown | -0.47 | 5.62 | -6.10 |
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
| PAX | CSWC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 1.45 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.38 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.39 | -0.55 |
Drawdowns
PAX vs. CSWC - Drawdown Comparison
The maximum PAX drawdown since its inception was -46.17%, smaller than the maximum CSWC drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for PAX and CSWC.
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Drawdown Indicators
| PAX | CSWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -68.33% | +22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -15.75% | -20.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.28% | -27.74% | -8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -38.88% | -33.66% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.15% | — |
Current DrawdownCurrent decline from peak | -34.88% | -3.88% | -31.00% |
Average DrawdownAverage peak-to-trough decline | -27.10% | -18.36% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.14% | 4.86% | +12.28% |
Volatility
PAX vs. CSWC - Volatility Comparison
Patria Investments Limited (PAX) has a higher volatility of 11.86% compared to Capital Southwest Corporation (CSWC) at 5.22%. This indicates that PAX's price experiences larger fluctuations and is considered to be riskier than CSWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAX | CSWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.86% | 5.22% | +6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 23.92% | 13.99% | +9.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 18.91% | +10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 22.66% | +8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.62% | 27.40% | +5.22% |
Dividends
PAX vs. CSWC - Dividend Comparison
PAX's dividend yield for the trailing twelve months is around 5.48%, less than CSWC's 12.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 12.72% | 11.56% | 11.59% | 10.21% | 12.46% | 10.13% | 11.49% | 13.07% | 10.77% | 7.01% | 2.35% | 216.86% |
PAX Patria Investments Limited | 5.48% | 3.78% | 7.52% | 6.34% | 5.04% | 4.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PAX vs. CSWC - Financials Comparison
This section allows you to compare key financial metrics between Patria Investments Limited and Capital Southwest 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
PAX vs. CSWC - Profitability Comparison
PAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Patria Investments Limited reported a gross profit of 78.20M and revenue of 98.20M. Therefore, the gross margin over that period was 79.6%.
CSWC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported a gross profit of 54.00M and revenue of 54.00M. Therefore, the gross margin over that period was 100.0%.
PAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Patria Investments Limited reported an operating income of 25.60M and revenue of 98.20M, resulting in an operating margin of 26.1%.
CSWC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported an operating income of 44.66M and revenue of 54.00M, resulting in an operating margin of 82.7%.
PAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Patria Investments Limited reported a net income of 2.30M and revenue of 98.20M, resulting in a net margin of 2.3%.
CSWC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported a net income of 27.48M and revenue of 54.00M, resulting in a net margin of 50.9%.
Frequently Asked Questions
PAX and CSWC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAX has higher volatility (11.86%) compared to CSWC (5.22%). In terms of maximum drawdown, PAX dropped -46.17% vs CSWC's -68.33%.
CSWC currently has the higher Sharpe Ratio (1.45 vs -0.28), 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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