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PFLT vs. BIZD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PFLTBIZD
YTD Return1.66%11.04%
1Y Return26.51%23.69%
3Y Return (Ann)4.38%8.91%
5Y Return (Ann)10.78%11.34%
10Y Return (Ann)7.79%8.53%
Sharpe Ratio2.002.27
Sortino Ratio2.623.03
Omega Ratio1.371.41
Calmar Ratio1.582.85
Martin Ratio5.2110.85
Ulcer Index5.56%2.30%
Daily Std Dev14.48%11.01%
Max Drawdown-69.77%-55.47%
Current Drawdown-5.38%-1.38%

Correlation

-0.50.00.51.00.6

The correlation between PFLT and BIZD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

PFLT vs. BIZD - Performance Comparison

In the year-to-date period, PFLT achieves a 1.66% return, which is significantly lower than BIZD's 11.04% return. Over the past 10 years, PFLT has underperformed BIZD with an annualized return of 7.79%, while BIZD has yielded a comparatively higher 8.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%MayJuneJulyAugustSeptemberOctober
4.37%
3.97%
PFLT
BIZD

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Risk-Adjusted Performance

PFLT vs. BIZD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and VanEck Vectors BDC Income ETF (BIZD). 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.


PFLT
Sharpe ratio
The chart of Sharpe ratio for PFLT, currently valued at 2.00, compared to the broader market-4.00-2.000.002.004.002.00
Sortino ratio
The chart of Sortino ratio for PFLT, currently valued at 2.62, compared to the broader market-4.00-2.000.002.004.006.002.62
Omega ratio
The chart of Omega ratio for PFLT, currently valued at 1.37, compared to the broader market0.501.001.502.001.37
Calmar ratio
The chart of Calmar ratio for PFLT, currently valued at 1.58, compared to the broader market0.002.004.006.001.58
Martin ratio
The chart of Martin ratio for PFLT, currently valued at 5.21, compared to the broader market-10.000.0010.0020.0030.005.21
BIZD
Sharpe ratio
The chart of Sharpe ratio for BIZD, currently valued at 2.27, compared to the broader market-4.00-2.000.002.004.002.27
Sortino ratio
The chart of Sortino ratio for BIZD, currently valued at 3.03, compared to the broader market-4.00-2.000.002.004.006.003.03
Omega ratio
The chart of Omega ratio for BIZD, currently valued at 1.41, compared to the broader market0.501.001.502.001.41
Calmar ratio
The chart of Calmar ratio for BIZD, currently valued at 2.85, compared to the broader market0.002.004.006.002.85
Martin ratio
The chart of Martin ratio for BIZD, currently valued at 10.85, compared to the broader market-10.000.0010.0020.0030.0010.85

PFLT vs. BIZD - Sharpe Ratio Comparison

The current PFLT Sharpe Ratio is 2.00, which is comparable to the BIZD Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of PFLT and BIZD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50MayJuneJulyAugustSeptemberOctober
2.00
2.27
PFLT
BIZD

Dividends

PFLT vs. BIZD - Dividend Comparison

PFLT's dividend yield for the trailing twelve months is around 10.93%, less than BIZD's 11.25% yield.


TTM20232022202120202019201820172016201520142013
PFLT
PennantPark Floating Rate Capital Ltd.
10.93%9.98%10.38%8.93%10.83%9.36%9.85%8.31%8.08%10.04%7.87%7.63%
BIZD
VanEck Vectors BDC Income ETF
11.25%10.96%11.21%8.14%10.39%9.13%10.88%9.13%8.51%9.12%8.51%5.45%

Drawdowns

PFLT vs. BIZD - Drawdown Comparison

The maximum PFLT drawdown since its inception was -69.77%, which is greater than BIZD's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for PFLT and BIZD. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-5.38%
-1.38%
PFLT
BIZD

Volatility

PFLT vs. BIZD - Volatility Comparison

PennantPark Floating Rate Capital Ltd. (PFLT) has a higher volatility of 5.35% compared to VanEck Vectors BDC Income ETF (BIZD) at 2.54%. This indicates that PFLT's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%MayJuneJulyAugustSeptemberOctober
5.35%
2.54%
PFLT
BIZD