PFLT vs. RYLD
Compare and contrast key facts about PennantPark Floating Rate Capital Ltd. (PFLT) and Global X Russell 2000 Covered Call ETF (RYLD).
RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFLT or RYLD.
Correlation
The correlation between PFLT and RYLD is 0.48, 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. RYLD - Performance Comparison
Key characteristics
PFLT:
-0.14
RYLD:
-0.02
PFLT:
-0.00
RYLD:
0.10
PFLT:
1.00
RYLD:
1.02
PFLT:
-0.11
RYLD:
-0.01
PFLT:
-0.36
RYLD:
-0.04
PFLT:
5.79%
RYLD:
4.93%
PFLT:
20.33%
RYLD:
17.15%
PFLT:
-69.77%
RYLD:
-41.53%
PFLT:
-10.78%
RYLD:
-13.19%
Returns By Period
In the year-to-date period, PFLT achieves a -4.14% return, which is significantly higher than RYLD's -6.96% return.
PFLT
-4.14%
10.99%
-5.37%
-2.85%
20.27%
6.69%
RYLD
-6.96%
10.33%
-7.44%
-0.26%
7.87%
N/A
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Risk-Adjusted Performance
PFLT vs. RYLD — Risk-Adjusted Performance Rank
PFLT
RYLD
PFLT vs. RYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and Global X Russell 2000 Covered Call ETF (RYLD). 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.
Dividends
PFLT vs. RYLD - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 12.20%, less than RYLD's 13.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 12.20% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.36% | 9.85% | 8.31% | 8.08% | 10.04% | 7.87% |
RYLD Global X Russell 2000 Covered Call ETF | 13.25% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFLT vs. RYLD - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, which is greater than RYLD's maximum drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for PFLT and RYLD. For additional features, visit the drawdowns tool.
Volatility
PFLT vs. RYLD - Volatility Comparison
PennantPark Floating Rate Capital Ltd. (PFLT) and Global X Russell 2000 Covered Call ETF (RYLD) have volatilities of 9.80% and 9.83%, 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.