PFLT vs. TCPC
Compare and contrast key facts about PennantPark Floating Rate Capital Ltd. (PFLT) and BlackRock TCP Capital Corp. (TCPC).
Performance
PFLT vs. TCPC - Performance Comparison
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PFLT vs. TCPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | -10.16% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
TCPC BlackRock TCP Capital Corp. | -30.77% | -26.24% | -12.26% | 3.23% | 5.61% | 30.76% | -9.17% | 19.31% | -5.59% | -1.22% |
Fundamentals
PFLT:
$0.63
TCPC:
$1.29
PFLT:
12.74
TCPC:
2.79
PFLT:
0.07
TCPC:
0.09
PFLT:
3.25
TCPC:
2.77
PFLT:
$149.03M
TCPC:
$110.78M
PFLT:
$48.69M
TCPC:
$58.19M
PFLT:
$39.60M
TCPC:
$129.18M
Returns By Period
In the year-to-date period, PFLT achieves a -10.16% return, which is significantly higher than TCPC's -30.77% return. Over the past 10 years, PFLT has outperformed TCPC with an annualized return of 6.52%, while TCPC has yielded a comparatively lower -2.38% annualized return.
PFLT
- 1D
- 3.08%
- 1M
- -0.21%
- YTD
- -10.16%
- 6M
- -3.09%
- 1Y
- -18.22%
- 3Y*
- 2.43%
- 5Y*
- 2.75%
- 10Y*
- 6.52%
TCPC
- 1D
- 1.98%
- 1M
- -7.41%
- YTD
- -30.77%
- 6M
- -36.20%
- 1Y
- -46.47%
- 3Y*
- -17.42%
- 5Y*
- -12.93%
- 10Y*
- -2.38%
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Return for Risk
PFLT vs. TCPC — Risk / Return Rank
PFLT
TCPC
PFLT vs. TCPC - Risk-Adjusted Trends 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.
| PFLT | TCPC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.78 | -1.33 | +0.56 |
Sortino ratioReturn per unit of downside risk | -0.94 | -2.01 | +1.07 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.75 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.92 | +0.06 |
Martin ratioReturn relative to average drawdown | -1.73 | -2.02 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFLT | TCPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -1.33 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.51 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | -0.07 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.04 | +0.20 |
Correlation
The correlation between PFLT and TCPC is 0.47, 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.
Dividends
PFLT vs. TCPC - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 15.30%, less than TCPC's 27.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 15.30% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
TCPC BlackRock TCP Capital Corp. | 27.70% | 20.48% | 16.76% | 14.64% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% |
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.
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Drawdown Indicators
| PFLT | TCPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.77% | -69.08% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -50.21% | +28.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -58.91% | +29.27% |
Max Drawdown (10Y)Largest decline over 10 years | -69.77% | -69.08% | -0.69% |
Current DrawdownCurrent decline from peak | -19.87% | -56.88% | +37.01% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -9.39% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.93% | 22.89% | -11.96% |
Volatility
PFLT vs. TCPC - Volatility Comparison
The current volatility for PennantPark Floating Rate Capital Ltd. (PFLT) is 7.54%, while BlackRock TCP Capital Corp. (TCPC) has a volatility of 12.76%. 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.
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Volatility by Period
| PFLT | TCPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 12.76% | -5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 27.01% | -11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.55% | 34.98% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 25.36% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.81% | 34.07% | -5.26% |
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.
Total Revenue: Total amount of money received from sales and other business activities