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

Correlation

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.


-0.50.00.51.00.6

Performance

PFLT vs. BIZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PennantPark Floating Rate Capital Ltd. (PFLT) and VanEck Vectors BDC Income ETF (BIZD). The values are adjusted to include any dividend payments, if applicable.

120.00%130.00%140.00%150.00%160.00%JulyAugustSeptemberOctoberNovemberDecember
136.44%
148.03%
PFLT
BIZD

Key characteristics

Sharpe Ratio

PFLT:

0.12

BIZD:

1.32

Sortino Ratio

PFLT:

0.25

BIZD:

1.81

Omega Ratio

PFLT:

1.03

BIZD:

1.24

Calmar Ratio

PFLT:

0.15

BIZD:

1.65

Martin Ratio

PFLT:

0.28

BIZD:

6.10

Ulcer Index

PFLT:

6.08%

BIZD:

2.38%

Daily Std Dev

PFLT:

13.61%

BIZD:

11.01%

Max Drawdown

PFLT:

-69.77%

BIZD:

-55.47%

Current Drawdown

PFLT:

-8.49%

BIZD:

-1.30%

Returns By Period

In the year-to-date period, PFLT achieves a -1.68% return, which is significantly lower than BIZD's 13.35% return. Over the past 10 years, PFLT has underperformed BIZD with an annualized return of 7.47%, while BIZD has yielded a comparatively higher 9.28% annualized return.


PFLT

YTD

-1.68%

1M

-2.44%

6M

-0.77%

1Y

0.39%

5Y*

8.15%

10Y*

7.47%

BIZD

YTD

13.35%

1M

1.46%

6M

3.94%

1Y

14.23%

5Y*

10.59%

10Y*

9.28%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for PFLT, currently valued at 0.12, compared to the broader market-4.00-2.000.002.000.121.32
The chart of Sortino ratio for PFLT, currently valued at 0.25, compared to the broader market-4.00-2.000.002.004.000.251.81
The chart of Omega ratio for PFLT, currently valued at 1.03, compared to the broader market0.501.001.502.001.031.24
The chart of Calmar ratio for PFLT, currently valued at 0.15, compared to the broader market0.002.004.006.000.151.65
The chart of Martin ratio for PFLT, currently valued at 0.28, compared to the broader market-5.000.005.0010.0015.0020.0025.000.286.10
PFLT
BIZD

The current PFLT Sharpe Ratio is 0.12, which is lower than the BIZD Sharpe Ratio of 1.32. 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 Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.12
1.32
PFLT
BIZD

Dividends

PFLT vs. BIZD - Dividend Comparison

PFLT's dividend yield for the trailing twelve months is around 11.52%, more than BIZD's 11.02% yield.


TTM20232022202120202019201820172016201520142013
PFLT
PennantPark Floating Rate Capital Ltd.
11.52%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
11.02%10.97%11.22%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%JulyAugustSeptemberOctoberNovemberDecember
-8.49%
-1.30%
PFLT
BIZD

Volatility

PFLT vs. BIZD - Volatility Comparison

PennantPark Floating Rate Capital Ltd. (PFLT) and VanEck Vectors BDC Income ETF (BIZD) have volatilities of 2.80% and 2.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
2.80%
2.75%
PFLT
BIZD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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