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:
0.12
SPY:
2.21
PFLT:
0.25
SPY:
2.93
PFLT:
1.03
SPY:
1.41
PFLT:
0.15
SPY:
3.26
PFLT:
0.28
SPY:
14.43
PFLT:
6.08%
SPY:
1.90%
PFLT:
13.61%
SPY:
12.41%
PFLT:
-69.77%
SPY:
-55.19%
PFLT:
-8.49%
SPY:
-2.74%
Returns By Period
In the year-to-date period, PFLT achieves a -1.68% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, PFLT has underperformed SPY with an annualized return of 7.47%, while SPY has yielded a comparatively higher 12.97% annualized return.
PFLT
-1.68%
-2.44%
-0.77%
0.39%
8.15%
7.47%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
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 11.52%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. 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.