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PFLT vs. TCPC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between PFLT and TCPC is 0.45, 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.


-0.50.00.51.00.4

Performance

PFLT vs. TCPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PennantPark Floating Rate Capital Ltd. (PFLT) and BlackRock TCP Capital Corp. (TCPC). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
200.51%
115.29%
PFLT
TCPC

Key characteristics

Sharpe Ratio

PFLT:

0.12

TCPC:

-0.63

Sortino Ratio

PFLT:

0.25

TCPC:

-0.78

Omega Ratio

PFLT:

1.03

TCPC:

0.90

Calmar Ratio

PFLT:

0.15

TCPC:

-0.50

Martin Ratio

PFLT:

0.28

TCPC:

-1.06

Ulcer Index

PFLT:

6.08%

TCPC:

14.21%

Daily Std Dev

PFLT:

13.61%

TCPC:

23.66%

Max Drawdown

PFLT:

-69.77%

TCPC:

-69.08%

Current Drawdown

PFLT:

-8.49%

TCPC:

-20.02%

Fundamentals

Market Cap

PFLT:

$899.72M

TCPC:

$748.92M

EPS

PFLT:

$1.40

TCPC:

-$0.55

PEG Ratio

PFLT:

0.27

TCPC:

0.88

Total Revenue (TTM)

PFLT:

$153.50M

TCPC:

$249.04M

Gross Profit (TTM)

PFLT:

$136.28M

TCPC:

$247.77M

EBITDA (TTM)

PFLT:

$101.73M

TCPC:

$28.06M

Returns By Period

In the year-to-date period, PFLT achieves a -1.68% return, which is significantly higher than TCPC's -14.84% return. Over the past 10 years, PFLT has outperformed TCPC with an annualized return of 7.47%, while TCPC has yielded a comparatively lower 4.06% annualized return.


PFLT

YTD

-1.68%

1M

-2.44%

6M

-0.77%

1Y

0.39%

5Y*

8.15%

10Y*

7.47%

TCPC

YTD

-14.84%

1M

-1.25%

6M

-13.52%

1Y

-14.62%

5Y*

1.15%

10Y*

4.06%

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Risk-Adjusted Performance

PFLT vs. TCPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and BlackRock TCP Capital Corp. (TCPC). 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-4.00-2.000.002.000.12-0.63
The chart of Sortino ratio for PFLT, currently valued at 0.25, compared to the broader market-4.00-2.000.002.004.000.25-0.78
The chart of Omega ratio for PFLT, currently valued at 1.03, compared to the broader market0.501.001.502.001.030.90
The chart of Calmar ratio for PFLT, currently valued at 0.15, compared to the broader market0.002.004.006.000.15-0.50
The chart of Martin ratio for PFLT, currently valued at 0.28, compared to the broader market-5.000.005.0010.0015.0020.0025.000.28-1.06
PFLT
TCPC

The current PFLT Sharpe Ratio is 0.12, which is higher than the TCPC Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of PFLT and TCPC, 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 Ratio-1.000.001.002.00JulyAugustSeptemberOctoberNovemberDecember
0.12
-0.63
PFLT
TCPC

Dividends

PFLT vs. TCPC - Dividend Comparison

PFLT's dividend yield for the trailing twelve months is around 11.52%, less than TCPC's 15.91% 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%
TCPC
BlackRock TCP Capital Corp.
15.91%10.83%9.81%8.88%11.74%10.25%11.04%9.42%8.52%10.34%9.18%9.12%

Drawdowns

PFLT vs. TCPC - Drawdown Comparison

The maximum PFLT drawdown since its inception was -69.77%, roughly equal to the maximum TCPC drawdown of -69.08%. Use the drawdown chart below to compare losses from any high point for PFLT and TCPC. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.49%
-20.02%
PFLT
TCPC

Volatility

PFLT vs. TCPC - Volatility Comparison

The current volatility for PennantPark Floating Rate Capital Ltd. (PFLT) is 2.80%, while BlackRock TCP Capital Corp. (TCPC) has a volatility of 6.98%. This indicates that PFLT experiences smaller price fluctuations and is considered to be less risky than TCPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
2.80%
6.98%
PFLT
TCPC

Financials

PFLT vs. TCPC - Financials Comparison

This section allows you to compare key financial metrics between PennantPark Floating Rate Capital Ltd. and BlackRock TCP Capital Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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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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