PFLT vs. SPY
Compare and contrast key facts about PennantPark Floating Rate Capital Ltd. (PFLT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFLT or SPY.
Correlation
The correlation between PFLT and SPY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PFLT vs. SPY - Performance Comparison
Key characteristics
PFLT:
0.50
SPY:
2.20
PFLT:
0.72
SPY:
2.92
PFLT:
1.10
SPY:
1.41
PFLT:
0.58
SPY:
3.35
PFLT:
1.63
SPY:
14.01
PFLT:
4.09%
SPY:
2.01%
PFLT:
13.28%
SPY:
12.76%
PFLT:
-69.77%
SPY:
-55.19%
PFLT:
-2.27%
SPY:
-0.45%
Returns By Period
In the year-to-date period, PFLT achieves a 4.35% return, which is significantly higher than SPY's 2.90% return. Over the past 10 years, PFLT has underperformed SPY with an annualized return of 8.29%, while SPY has yielded a comparatively higher 13.39% annualized return.
PFLT
4.35%
6.80%
4.97%
7.04%
9.42%
8.29%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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Risk-Adjusted Performance
PFLT vs. SPY — Risk-Adjusted Performance Rank
PFLT
SPY
PFLT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 10.88%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 10.88% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.36% | 9.85% | 8.31% | 8.08% | 10.04% | 7.87% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PFLT vs. SPY - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PFLT and SPY. For additional features, visit the drawdowns tool.
Volatility
PFLT vs. SPY - Volatility Comparison
The current volatility for PennantPark Floating Rate Capital Ltd. (PFLT) is 3.14%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.17%. This indicates that PFLT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.