PNNT vs. USD
Compare and contrast key facts about PennantPark Investment Corporation (PNNT) and ProShares Ultra Semiconductors (USD).
USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007.
Performance
PNNT vs. USD - Performance Comparison
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PNNT vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | -23.23% | -2.96% | 16.56% | 37.25% | -8.90% | 61.71% | -17.99% | 14.30% | 2.05% | -0.65% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Returns By Period
In the year-to-date period, PNNT achieves a -23.23% return, which is significantly lower than USD's -4.90% return. Over the past 10 years, PNNT has underperformed USD with an annualized return of 8.85%, while USD has yielded a comparatively higher 50.62% annualized return.
PNNT
- 1D
- -2.67%
- 1M
- -12.47%
- YTD
- -23.23%
- 6M
- -27.74%
- 1Y
- -27.99%
- 3Y*
- 7.82%
- 5Y*
- 6.69%
- 10Y*
- 8.85%
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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Return for Risk
PNNT vs. USD — Risk / Return Rank
PNNT
USD
PNNT vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) and ProShares Ultra Semiconductors (USD). 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.
| PNNT | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.01 | 1.90 | -2.91 |
Sortino ratioReturn per unit of downside risk | -1.34 | 2.44 | -3.78 |
Omega ratioGain probability vs. loss probability | 0.83 | 1.34 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | -0.79 | 4.67 | -5.46 |
Martin ratioReturn relative to average drawdown | -1.97 | 12.81 | -14.78 |
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
| PNNT | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.90 | -2.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.59 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.74 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.41 | -0.26 |
Correlation
The correlation between PNNT and USD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PNNT vs. USD - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 21.97%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 21.97% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
PNNT vs. USD - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for PNNT and USD.
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Drawdown Indicators
| PNNT | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -88.63% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -34.80% | -31.80% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -34.80% | -77.85% | +43.05% |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | -77.85% | +8.71% |
Current DrawdownCurrent decline from peak | -34.65% | -21.24% | -13.41% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -32.60% | +17.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.95% | 11.60% | +2.35% |
Volatility
PNNT vs. USD - Volatility Comparison
The current volatility for PennantPark Investment Corporation (PNNT) is 11.47%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.67%. This indicates that PNNT experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNNT | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 21.67% | -10.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 48.73% | -28.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.77% | 77.08% | -49.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.20% | 76.24% | -53.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.55% | 68.85% | -36.30% |