PFLT vs. VLO
PFLT (PennantPark Floating Rate Capital Ltd.) and VLO (Valero Energy Corporation) are both stocks. PFLT operates in Asset Management (Financial Services), while VLO operates in Oil & Gas Refining & Marketing (Energy). Over the past 10 years, PFLT returned 5.33%/yr vs 20.94%/yr for VLO. At a 0.23 correlation, their price movements are largely independent.
Performance
PFLT vs. VLO - Performance Comparison
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Returns By Period
In the year-to-date period, PFLT achieves a -13.49% return, which is significantly lower than VLO's 46.74% return. Over the past 10 years, PFLT has underperformed VLO with an annualized return of 5.33%, while VLO has yielded a comparatively higher 20.94% annualized return.
PFLT
- 1D
- -1.32%
- 1M
- -6.80%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -16.73%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
VLO
- 1D
- -1.45%
- 1M
- -1.99%
- YTD
- 46.74%
- 6M
- 46.81%
- 1Y
- 71.75%
- 3Y*
- 31.15%
- 5Y*
- 29.68%
- 10Y*
- 20.94%
PFLT vs. VLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | 5.49% |
VLO Valero Energy Corporation | 46.74% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
Correlation
The correlation between PFLT and VLO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.23 |
The correlation between PFLT and VLO shifts across timeframes, from 0.06 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PFLT:
$1.69
VLO:
$13.77
PFLT:
4.42
VLO:
17.16
PFLT:
0.02
VLO:
0.06
PFLT:
2.28
VLO:
0.57
PFLT:
$229.78M
VLO:
$126.17B
PFLT:
$45.40M
VLO:
$12.45B
PFLT:
$38.59M
VLO:
$9.02B
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Return for Risk
PFLT vs. VLO — Risk / Return Rank
PFLT
VLO
PFLT vs. VLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Floating Rate Capital Ltd. (PFLT) and Valero Energy Corporation (VLO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFLT | VLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.34 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 5.23 | -6.05 |
| Martin ratioReturn relative to average drawdown | -1.50 | 12.85 | -14.35 |
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Drawdowns
PFLT vs. VLO - Drawdown Comparison
The maximum PFLT drawdown since its inception was -69.77%, smaller than the maximum VLO drawdown of -87.50%. Use the drawdown chart below to compare losses from any high point for PFLT and VLO.
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Drawdown Indicators
| PFLT | VLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.77% | -87.50% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -14.19% | -7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -22.96% | -41.22% | +18.26% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -41.22% | +11.58% |
Max Drawdown (10Y)Largest decline over 10 years | -69.77% | -71.88% | +2.11% |
Current DrawdownCurrent decline from peak | -22.85% | -9.62% | -13.23% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -34.24% | +25.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 5.76% | +6.17% |
Volatility
PFLT vs. VLO - Volatility Comparison
The current volatility for PennantPark Floating Rate Capital Ltd. (PFLT) is 8.03%, while Valero Energy Corporation (VLO) has a volatility of 10.17%. This indicates that PFLT experiences smaller price fluctuations and is considered to be less risky than VLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLT | VLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 10.17% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | 27.59% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.81% | 35.09% | -14.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.28% | 36.94% | -15.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.98% | 40.39% | -11.41% |
Dividends
PFLT vs. VLO - Dividend Comparison
PFLT's dividend yield for the trailing twelve months is around 16.18%, more than VLO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
VLO Valero Energy Corporation | 1.97% | 2.78% | 3.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 2.34% | 3.51% | 2.40% |
Financials
PFLT vs. VLO - Financials Comparison
This section allows you to compare key financial metrics between PennantPark Floating Rate Capital Ltd. and Valero Energy Corporation. 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
PFLT vs. VLO - Profitability Comparison
PFLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a gross profit of 1.39M and revenue of 110.28M. Therefore, the gross margin over that period was 1.3%.
VLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported a gross profit of 6.20B and revenue of 32.38B. Therefore, the gross margin over that period was 19.1%.
PFLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported an operating income of 3.99M and revenue of 110.28M, resulting in an operating margin of 3.6%.
VLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported an operating income of 1.73B and revenue of 32.38B, resulting in an operating margin of 5.4%.
PFLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PennantPark Floating Rate Capital Ltd. reported a net income of 85.16M and revenue of 110.28M, resulting in a net margin of 77.2%.
VLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported a net income of 1.26B and revenue of 32.38B, resulting in a net margin of 3.9%.
Frequently Asked Questions
PFLT and VLO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLO has higher volatility (10.17%) compared to PFLT (8.03%). In terms of maximum drawdown, PFLT dropped -69.77% vs VLO's -87.50%.
VLO currently has the higher Sharpe Ratio (2.12 vs -0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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