PFLT vs. TCPC
Compare and contrast key facts about PennantPark Floating Rate Capital Ltd. (PFLT) and BlackRock TCP Capital Corp. (TCPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFLT or TCPC.
Key characteristics
| PFLT | TCPC | |
|---|---|---|
| YTD Return | 6.81% | -20.39% |
| 1Y Return | 28.01% | -11.88% |
| 3Y Return (Ann) | 6.56% | -7.31% |
| 5Y Return (Ann) | 11.90% | 0.67% |
| 10Y Return (Ann) | 8.46% | 3.54% |
| Sharpe Ratio | 1.78 | -0.59 |
| Sortino Ratio | 2.38 | -0.69 |
| Omega Ratio | 1.33 | 0.91 |
| Calmar Ratio | 1.28 | -0.44 |
| Martin Ratio | 4.59 | -1.03 |
| Ulcer Index | 5.56% | 12.22% |
| Daily Std Dev | 14.35% | 21.15% |
| Max Drawdown | -69.77% | -69.08% |
| Current Drawdown | 0.00% | -26.13% |
Fundamentals
| PFLT | TCPC | |
|---|---|---|
| Market Cap | $862.69M | $703.56M |
| EPS | $1.66 | -$0.63 |
| PEG Ratio | 0.27 | 0.88 |
| Total Revenue (TTM) | $120.75M | $141.93M |
| Gross Profit (TTM) | $93.87M | $103.67M |
| EBITDA (TTM) | $101.73M | -$14.74M |
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.
Performance
PFLT vs. TCPC - Performance Comparison
In the year-to-date period, PFLT achieves a 6.81% return, which is significantly higher than TCPC's -20.39% return. Over the past 10 years, PFLT has outperformed TCPC with an annualized return of 8.46%, while TCPC has yielded a comparatively lower 3.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Dividends
PFLT vs. TCPC - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 10.41%, less than TCPC's 16.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 10.41% | 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. | 16.39% | 9.37% | 9.58% | 8.60% | 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.
Volatility
PFLT vs. TCPC - Volatility Comparison
The current volatility for PennantPark Floating Rate Capital Ltd. (PFLT) is 2.85%, while BlackRock TCP Capital Corp. (TCPC) has a volatility of 6.01%. 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.
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