PFLT vs. ETV
PFLT (PennantPark Floating Rate Capital Ltd.) and ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, PFLT returned 5.33%/yr vs 9.42%/yr for ETV. At a 0.34 correlation, their price movements are largely independent.
Performance
PFLT vs. ETV - Performance Comparison
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Returns By Period
In the year-to-date period, PFLT achieves a -13.49% return, which is significantly lower than ETV's 8.19% return. Over the past 10 years, PFLT has underperformed ETV with an annualized return of 5.33%, while ETV has yielded a comparatively higher 9.42% annualized return.
PFLT
- 1D
- -1.32%
- 1M
- -8.82%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -17.85%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
ETV
- 1D
- 1.29%
- 1M
- 2.81%
- YTD
- 8.19%
- 6M
- 8.26%
- 1Y
- 21.04%
- 3Y*
- 15.54%
- 5Y*
- 7.27%
- 10Y*
- 9.42%
PFLT vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.19% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Correlation
The correlation between PFLT and ETV is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.34 |
The correlation between PFLT and ETV shifts across timeframes, from 0.30 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PFLT:
$1.69
ETV:
$4.95
PFLT:
4.42
ETV:
3.01
PFLT:
0.02
ETV:
0.10
PFLT:
2.28
ETV:
5.73
PFLT:
$229.78M
ETV:
$303.84M
PFLT:
$45.40M
ETV:
$149.51M
PFLT:
$38.59M
ETV:
$578.17M
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Return for Risk
PFLT vs. ETV — Risk / Return Rank
PFLT
ETV
PFLT vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.
| PFLT | ETV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.30 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.04 | -2.86 |
| Martin ratioReturn relative to average drawdown | -1.50 | 10.40 | -11.90 |
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Drawdowns
PFLT vs. ETV - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, which is greater than ETV's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PFLT and ETV.
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Drawdown Indicators
| PFLT | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.77% | -52.11% | -17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -10.34% | -11.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.96% | -20.27% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -22.71% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -69.77% | -42.39% | -27.38% |
Current DrawdownCurrent decline from peak | -22.85% | 0.00% | -22.85% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -5.57% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 2.03% | +9.90% |
Volatility
PFLT vs. ETV - Volatility Comparison
PennantPark Floating Rate Capital Ltd. (PFLT) has a higher volatility of 8.03% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 3.62%. This indicates that PFLT's price experiences larger fluctuations and is considered to be riskier than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLT | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 3.62% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | 10.25% | +6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 12.46% | +8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.28% | 16.90% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.98% | 19.29% | +9.69% |
Dividends
PFLT vs. ETV - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 16.18%, more than ETV's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.99% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Financials
PFLT vs. ETV - Financials Comparison
This section allows you to compare key financial metrics between PennantPark Floating Rate Capital Ltd. and Eaton Vance Tax-Managed Buy-Write Opportunities Fund. 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
Frequently Asked Questions
PFLT and ETV have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLT has higher volatility (8.03%) compared to ETV (3.62%). In terms of maximum drawdown, PFLT dropped -69.77% vs ETV's -52.11%.
ETV currently has the higher Sharpe Ratio (1.70 vs -0.86), 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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