PNNT vs. C

Last updated Jun 13, 2026

PNNT (PennantPark Investment Corporation) and C (Citigroup Inc.) are both stocks. Both are in the Financial Services sector — PNNT in Asset Management, C in Banks - Diversified. Over the past 10 years, PNNT returned 7.07%/yr vs 16.22%/yr for C. At a 0.43 correlation, their price movements are largely independent.

Performance

PNNT vs. C - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PennantPark Investment Corporation (PNNT) and Citigroup Inc. (C). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PNNT achieves a -29.84% return, which is significantly lower than C's 21.02% return. Over the past 10 years, PNNT has underperformed C with an annualized return of 7.07%, while C has yielded a comparatively higher 16.22% annualized return.

PNNT

• 1D: 1.58%
• 1M: -8.53%
• YTD: -29.84%
• 6M: -27.65%
• 1Y: -33.82%
• 3Y*: 0.38%
• 5Y*: 0.83%
• 10Y*: 7.07%

C

• 1D: 1.27%
• 1M: 12.68%
• YTD: 21.02%
• 6M: 26.32%
• 1Y: 82.79%
• 3Y*: 46.87%
• 5Y*: 16.80%
• 10Y*: 16.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PNNT vs. C - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNNT PennantPark Investment Corporation	-29.84%	-2.96%	16.56%	37.25%	-8.90%	61.71%	-17.99%	14.30%	2.05%	-0.65%
C Citigroup Inc.	21.02%	70.38%	41.93%	18.98%	-22.09%	0.93%	-19.70%	57.82%	-28.49%	27.03%

Correlation

The correlation between PNNT and C is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 19, 2007	0.43

Fundamentals

EPS PNNT : $302.41 C : $8.65
PE Ratio PNNT : 0.01 C : 16.17
PS Ratio PNNT : 2.20 C : 1.51
Total Revenue (TTM) PNNT : $85.01M C : $171.19B
Gross Profit (TTM) PNNT : $24.12M C : $77.85B
EBITDA (TTM) PNNT : $16.10M C : $24.12B

Return for Risk

PNNT vs. C — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PNNT

PNNT Risk / Return Rank: 5
PNNT Sharpe Ratio Rank: 2
PNNT Sortino Ratio Rank: 4
PNNT Omega Ratio Rank: 5
PNNT Calmar Ratio Rank: 12
PNNT Martin Ratio Rank: 4

C

C Risk / Return Rank: 94
C Sharpe Ratio Rank: 95
C Sortino Ratio Rank: 94
C Omega Ratio Rank: 92
C Calmar Ratio Rank: 94
C Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PNNT vs. C - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) and Citigroup Inc. (C). 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.

	PNNT	C	Difference
Sharpe ratio: Return per unit of total volatility	-1.25	2.93	-4.19
Sortino ratio: Return per unit of downside risk	-1.70	3.57	-5.27
Omega ratio: Gain probability vs. loss probability	0.78	1.45	-0.67
Calmar ratio: Return relative to maximum drawdown	-0.80	5.64	-6.44
Martin ratio: Return relative to average drawdown	-1.65	16.25	-17.89

PNNT vs. C - Sharpe Ratio Comparison

The current PNNT Sharpe Ratio is -1.25, which is lower than the C Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of PNNT and C, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PNNT vs. C - Drawdown Comparison

The maximum PNNT drawdown since its inception was -82.16%, smaller than the maximum C drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for PNNT and C.

Drawdown Indicators

	PNNT	C	Difference
Max Drawdown Largest peak-to-trough decline	-82.16%	-98.00%	+15.84%
Max Drawdown (1Y) Largest decline over 1 year	-42.61%	-14.76%	-27.85%
Max Drawdown (3Y) Largest decline over 3 years	-42.61%	-31.31%	-11.30%
Max Drawdown (5Y) Largest decline over 5 years	-42.61%	-44.53%	+1.92%
Max Drawdown (10Y) Largest decline over 10 years	-69.14%	-56.51%	-12.63%
Current Drawdown Current decline from peak	-40.28%	-62.68%	+22.40%
Average Drawdown Average peak-to-trough decline	-15.29%	-43.51%	+28.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.58%	5.12%	+15.46%

Volatility

PNNT vs. C - Volatility Comparison

PennantPark Investment Corporation (PNNT) has a higher volatility of 9.97% compared to Citigroup Inc. (C) at 8.30%. This indicates that PNNT's price experiences larger fluctuations and is considered to be riskier than C based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNNT	C	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	8.30%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	23.95%	23.09%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	27.06%	28.37%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.79%	29.20%	-5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.76%	33.23%	-0.47%

Dividends

PNNT vs. C - Dividend Comparison

PNNT's dividend yield for the trailing twelve months is around 24.94%, more than C's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
C Citigroup Inc.	1.72%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%
PNNT PennantPark Investment Corporation	24.94%	16.11%	12.85%	11.65%	10.43%	6.93%	11.71%	11.03%	11.30%	10.42%	14.62%	18.12%

Financials

Frequently Asked Questions

Can I hold both PNNT and C in my portfolio?

PNNT and C have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PNNT or C?

PNNT has higher volatility (9.97%) compared to C (8.30%). In terms of maximum drawdown, PNNT dropped -82.16% vs C's -98.00%.

Which has better risk-adjusted returns?

C currently has the higher Sharpe Ratio (2.93 vs -1.25), 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.