PNNT vs. ITOT
PNNT (PennantPark Investment Corporation) is a stock, while ITOT (iShares Core S&P Total U.S. Stock Market ETF) is Large Cap Blend Equities fund tracking the S&P Total Market Index. Over the past 10 years, PNNT returned 7.07%/yr vs 14.99%/yr for ITOT. At a 0.49 correlation, their price movements are largely independent.
Performance
PNNT vs. ITOT - Performance Comparison
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Returns By Period
In the year-to-date period, PNNT achieves a -29.84% return, which is significantly lower than ITOT's 9.69% return. Over the past 10 years, PNNT has underperformed ITOT with an annualized return of 7.07%, while ITOT has yielded a comparatively higher 14.99% 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%
ITOT
- 1D
- 0.59%
- 1M
- 0.46%
- YTD
- 9.69%
- 6M
- 9.77%
- 1Y
- 24.78%
- 3Y*
- 20.61%
- 5Y*
- 12.20%
- 10Y*
- 14.99%
PNNT vs. ITOT - 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% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 9.69% | 17.00% | 23.80% | 26.12% | -19.47% | 25.68% | 20.71% | 30.67% | -5.33% | 21.37% |
Correlation
The correlation between PNNT and ITOT 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 | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2007 | 0.49 |
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Return for Risk
PNNT vs. ITOT — Risk / Return Rank
PNNT
ITOT
PNNT vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.35 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.80 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.65 | 12.50 | -14.14 |
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Drawdowns
PNNT vs. ITOT - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, which is greater than ITOT's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PNNT and ITOT.
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Drawdown Indicators
| PNNT | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -55.20% | -26.96% |
Max Drawdown (1Y)Largest decline over 1 year | -42.61% | -8.90% | -33.71% |
Max Drawdown (3Y)Largest decline over 3 years | -42.61% | -19.44% | -23.17% |
Max Drawdown (5Y)Largest decline over 5 years | -42.61% | -25.36% | -17.25% |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | -35.00% | -34.14% |
Current DrawdownCurrent decline from peak | -40.28% | -2.12% | -38.16% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -6.96% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 1.99% | +18.59% |
Volatility
PNNT vs. ITOT - Volatility Comparison
PennantPark Investment Corporation (PNNT) has a higher volatility of 9.97% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 4.57%. This indicates that PNNT's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNNT | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 4.57% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 9.85% | +14.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 12.69% | +14.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 17.43% | +6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.76% | 18.29% | +14.47% |
Dividends
PNNT vs. ITOT - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 24.94%, more than ITOT's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.99% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
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% |
Frequently Asked Questions
PNNT and ITOT 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.
PNNT has higher volatility (9.97%) compared to ITOT (4.57%). In terms of maximum drawdown, PNNT dropped -82.16% vs ITOT's -55.20%.
ITOT currently has the higher Sharpe Ratio (1.96 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.
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