PINE vs. HRZN
PINE (Alpine Income Property Trust, Inc.) and HRZN (Horizon Technology Finance Corporation) are both stocks. PINE operates in REIT - Retail (Real Estate), while HRZN operates in Asset Management (Financial Services). Over the past 5 years, PINE returned 8.20%/yr vs -12.46%/yr for HRZN. At a 0.27 correlation, their price movements are largely independent.
Performance
PINE vs. HRZN - Performance Comparison
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Returns By Period
In the year-to-date period, PINE achieves a 16.96% return, which is significantly higher than HRZN's -22.32% return.
PINE
- 1D
- 1.21%
- 1M
- -1.03%
- YTD
- 16.96%
- 6M
- 14.71%
- 1Y
- 35.58%
- 3Y*
- 12.92%
- 5Y*
- 8.20%
- 10Y*
- —
HRZN
- 1D
- 4.97%
- 1M
- 11.50%
- YTD
- -22.32%
- 6M
- -23.94%
- 1Y
- -24.51%
- 3Y*
- -15.58%
- 5Y*
- -12.46%
- 10Y*
- 1.83%
PINE vs. HRZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PINE Alpine Income Property Trust, Inc. | 16.96% | 6.97% | 6.13% | -5.46% | 0.95% | 41.19% | -15.69% | 0.47% |
HRZN Horizon Technology Finance Corporation | -22.32% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 5.20% |
Correlation
The correlation between PINE and HRZN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | 0.27 |
The correlation between PINE and HRZN shifts across timeframes, from 0.11 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PINE:
$322.80M
HRZN:
$220.02M
PINE:
-$0.03
HRZN:
$0.63
PINE:
4.69
HRZN:
3.87
PINE:
0.97
HRZN:
0.66
PINE:
$64.73M
HRZN:
$53.12M
PINE:
-$2.68M
HRZN:
$47.15M
PINE:
$44.14M
HRZN:
$51.20M
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Return for Risk
PINE vs. HRZN — Risk / Return Rank
PINE
HRZN
PINE vs. HRZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpine Income Property Trust, Inc. (PINE) and Horizon Technology Finance Corporation (HRZN). 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.
| PINE | HRZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.90 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | -0.52 | +3.23 |
| Martin ratioReturn relative to average drawdown | 7.04 | -0.98 | +8.01 |
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
| PINE | HRZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | -0.60 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.40 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.10 | +0.07 |
Drawdowns
PINE vs. HRZN - Drawdown Comparison
The maximum PINE drawdown since its inception was -60.00%, roughly equal to the maximum HRZN drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PINE and HRZN.
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Drawdown Indicators
| PINE | HRZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.00% | -62.57% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -46.88% | +33.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -59.36% | +34.58% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -62.57% | +35.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.57% | — |
Current DrawdownCurrent decline from peak | -4.74% | -54.39% | +49.65% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -13.27% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 25.14% | -20.07% |
Volatility
PINE vs. HRZN - Volatility Comparison
The current volatility for Alpine Income Property Trust, Inc. (PINE) is 5.53%, while Horizon Technology Finance Corporation (HRZN) has a volatility of 14.60%. This indicates that PINE experiences smaller price fluctuations and is considered to be less risky than HRZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PINE | HRZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 14.60% | -9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 38.28% | -22.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 40.78% | -19.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.76% | 31.16% | -7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.22% | 36.31% | +2.91% |
Dividends
PINE vs. HRZN - Dividend Comparison
PINE's dividend yield for the trailing twelve months is around 6.00%, less than HRZN's 25.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | 25.16% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
PINE Alpine Income Property Trust, Inc. | 6.00% | 6.82% | 6.61% | 6.51% | 5.71% | 5.06% | 5.47% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PINE vs. HRZN - Financials Comparison
This section allows you to compare key financial metrics between Alpine Income Property Trust, Inc. and Horizon Technology Finance 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
PINE vs. HRZN - Profitability Comparison
PINE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alpine Income Property Trust, Inc. reported a gross profit of 16.10M and revenue of 18.41M. Therefore, the gross margin over that period was 87.5%.
HRZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported a gross profit of 0.00 and revenue of 24.08M. Therefore, the gross margin over that period was 0.0%.
PINE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alpine Income Property Trust, Inc. reported an operating income of 6.62M and revenue of 18.41M, resulting in an operating margin of 36.0%.
HRZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported an operating income of 0.00 and revenue of 24.08M, resulting in an operating margin of 0.0%.
PINE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alpine Income Property Trust, Inc. reported a net income of 1.06M and revenue of 18.41M, resulting in a net margin of 5.8%.
HRZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Horizon Technology Finance Corporation reported a net income of 9.24M and revenue of 24.08M, resulting in a net margin of 38.4%.
Frequently Asked Questions
PINE and HRZN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (14.60%) compared to PINE (5.53%). In terms of maximum drawdown, PINE dropped -60.00% vs HRZN's -62.57%.
PINE currently has the higher Sharpe Ratio (1.65 vs -0.60), 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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