PNNT vs. NLY
PNNT (PennantPark Investment Corporation) and NLY (Annaly Capital Management, Inc.) are both stocks. PNNT operates in Asset Management (Financial Services), while NLY operates in REIT - Mortgage (Real Estate). Over the past 10 years, PNNT returned 7.07%/yr vs 5.96%/yr for NLY. At a 0.32 correlation, their price movements are largely independent.
Performance
PNNT vs. NLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PNNT achieves a -29.84% return, which is significantly lower than NLY's 1.74% return. Over the past 10 years, PNNT has outperformed NLY with an annualized return of 7.07%, while NLY has yielded a comparatively lower 5.96% 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%
NLY
- 1D
- -0.05%
- 1M
- -0.72%
- YTD
- 1.74%
- 6M
- 5.83%
- 1Y
- 29.27%
- 3Y*
- 16.65%
- 5Y*
- 2.68%
- 10Y*
- 5.96%
PNNT vs. NLY - 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% |
NLY Annaly Capital Management, Inc. | 1.74% | 40.00% | 8.07% | 4.94% | -21.41% | 2.48% | 2.38% | 7.22% | -7.22% | 31.92% |
Correlation
The correlation between PNNT and NLY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2007 | 0.32 |
The correlation between PNNT and NLY shifts across timeframes, from 0.25 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PNNT:
$302.41
NLY:
$3.28
PNNT:
0.01
NLY:
6.70
PNNT:
2.20
NLY:
2.81
PNNT:
$85.01M
NLY:
$5.21B
PNNT:
$24.12M
NLY:
$5.17B
PNNT:
$16.10M
NLY:
$5.65B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PNNT vs. NLY — Risk / Return Rank
PNNT
NLY
PNNT vs. NLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) and Annaly Capital Management, Inc. (NLY). 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 | NLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.27 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.98 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.65 | 5.80 | -7.45 |
Loading charts...
Drawdowns
PNNT vs. NLY - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, which is greater than NLY's maximum drawdown of -60.09%. Use the drawdown chart below to compare losses from any high point for PNNT and NLY.
Loading charts...
Drawdown Indicators
| PNNT | NLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -60.09% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -42.61% | -14.88% | -27.73% |
Max Drawdown (3Y)Largest decline over 3 years | -42.61% | -26.70% | -15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -42.61% | -50.99% | +8.38% |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | -60.09% | -9.05% |
Current DrawdownCurrent decline from peak | -40.28% | -6.77% | -33.51% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -13.83% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 5.07% | +15.51% |
Volatility
PNNT vs. NLY - Volatility Comparison
PennantPark Investment Corporation (PNNT) has a higher volatility of 9.97% compared to Annaly Capital Management, Inc. (NLY) at 6.20%. This indicates that PNNT's price experiences larger fluctuations and is considered to be riskier than NLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PNNT | NLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 6.20% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 15.27% | +8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 19.07% | +7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 25.61% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.76% | 28.14% | +4.62% |
Dividends
PNNT vs. NLY - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 24.94%, more than NLY's 12.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLY Annaly Capital Management, Inc. | 12.73% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
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
PNNT vs. NLY - Financials Comparison
This section allows you to compare key financial metrics between PennantPark Investment Corporation and Annaly Capital Management, Inc.. 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
Frequently Asked Questions
PNNT and NLY have a correlation of 0.25, 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 NLY (6.20%). In terms of maximum drawdown, PNNT dropped -82.16% vs NLY's -60.09%.
NLY currently has the higher Sharpe Ratio (1.54 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.
Find the right allocation for PNNT and NLY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer