PECO vs. HRZN
PECO (Phillips Edison & Company, Inc.) and HRZN (Horizon Technology Finance Corporation) are both stocks. PECO operates in REIT - Retail (Real Estate), while HRZN operates in Asset Management (Financial Services). Over the past 3 years, PECO returned 13.05%/yr vs -15.91%/yr for HRZN. At a 0.28 correlation, their price movements are largely independent.
Performance
PECO vs. HRZN - Performance Comparison
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Returns By Period
In the year-to-date period, PECO achieves a 12.17% return, which is significantly higher than HRZN's -22.82% return.
PECO
- 1D
- 0.10%
- 1M
- -1.08%
- YTD
- 12.17%
- 6M
- 14.44%
- 1Y
- 13.38%
- 3Y*
- 13.05%
- 5Y*
- —
- 10Y*
- —
HRZN
- 1D
- 1.32%
- 1M
- 11.05%
- YTD
- -22.82%
- 6M
- -23.86%
- 1Y
- -25.40%
- 3Y*
- -15.91%
- 5Y*
- -12.44%
- 10Y*
- 1.89%
PECO vs. HRZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PECO Phillips Edison & Company, Inc. | 12.17% | -1.59% | 6.20% | 18.53% | -0.33% | 20.40% |
HRZN Horizon Technology Finance Corporation | -22.82% | -14.44% | -22.87% | 26.99% | -19.72% | -5.99% |
Correlation
The correlation between PECO and HRZN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.28 |
The correlation between PECO and HRZN shifts across timeframes, from 0.11 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PECO:
$1.15
HRZN:
$0.63
PECO:
34.33
HRZN:
7.29
PECO:
0.50
HRZN:
0.15
PECO:
5.36
HRZN:
3.84
PECO:
$739.02M
HRZN:
$53.12M
PECO:
$525.25M
HRZN:
$47.15M
PECO:
$502.64M
HRZN:
$51.20M
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Return for Risk
PECO vs. HRZN — Risk / Return Rank
PECO
HRZN
PECO vs. HRZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Phillips Edison & Company, Inc. (PECO) 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.
| PECO | HRZN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | -0.63 | +1.51 |
Sortino ratioReturn per unit of downside risk | 1.41 | -0.64 | +2.05 |
Omega ratioGain probability vs. loss probability | 1.15 | 0.90 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | -0.56 | +2.36 |
Martin ratioReturn relative to average drawdown | 4.15 | -1.06 | +5.21 |
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
| PECO | HRZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | -0.63 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.10 | +0.39 |
Drawdowns
PECO vs. HRZN - Drawdown Comparison
The maximum PECO drawdown since its inception was -23.11%, smaller than the maximum HRZN drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PECO and HRZN.
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Drawdown Indicators
| PECO | HRZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -62.57% | +39.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -46.88% | +38.58% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -59.36% | +43.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.57% | — |
Current DrawdownCurrent decline from peak | -3.72% | -54.68% | +50.96% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -13.25% | +6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 24.93% | -21.33% |
Volatility
PECO vs. HRZN - Volatility Comparison
The current volatility for Phillips Edison & Company, Inc. (PECO) is 4.56%, while Horizon Technology Finance Corporation (HRZN) has a volatility of 13.14%. This indicates that PECO 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
| PECO | HRZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 13.14% | -8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 37.73% | -27.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 40.28% | -24.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 31.03% | -8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 36.27% | -13.69% |
Dividends
PECO vs. HRZN - Dividend Comparison
PECO's dividend yield for the trailing twelve months is around 3.26%, less than HRZN's 25.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 25.32% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
PECO Phillips Edison & Company, Inc. | 3.26% | 3.52% | 3.18% | 3.12% | 3.43% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PECO vs. HRZN - Financials Comparison
This section allows you to compare key financial metrics between Phillips Edison & Company, 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
PECO vs. HRZN - Profitability Comparison
PECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Phillips Edison & Company, Inc. reported a gross profit of 135.68M and revenue of 190.74M. Therefore, the gross margin over that period was 71.1%.
HRZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported a gross profit of 0.00 and revenue of 24.08M. Therefore, the gross margin over that period was 0.0%.
PECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Phillips Edison & Company, Inc. reported an operating income of 58.21M and revenue of 190.74M, resulting in an operating margin of 30.5%.
HRZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported an operating income of 0.00 and revenue of 24.08M, resulting in an operating margin of 0.0%.
PECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Phillips Edison & Company, Inc. reported a net income of 30.38M and revenue of 190.74M, resulting in a net margin of 15.9%.
HRZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported a net income of 9.24M and revenue of 24.08M, resulting in a net margin of 38.4%.
Frequently Asked Questions
PECO and HRZN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (13.14%) compared to PECO (4.56%). In terms of maximum drawdown, PECO dropped -23.11% vs HRZN's -62.57%.
PECO currently has the higher Sharpe Ratio (0.88 vs -0.63), 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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