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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNNT or USD.
Correlation
The correlation between PNNT and USD is 0.38, 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.
Performance
PNNT vs. USD - Performance Comparison
Key characteristics
PNNT:
0.59
USD:
1.78
PNNT:
0.88
USD:
2.26
PNNT:
1.12
USD:
1.28
PNNT:
0.71
USD:
3.03
PNNT:
1.71
USD:
7.36
PNNT:
6.33%
USD:
19.65%
PNNT:
18.25%
USD:
81.42%
PNNT:
-82.16%
USD:
-88.61%
PNNT:
-7.01%
USD:
-15.18%
Returns By Period
In the year-to-date period, PNNT achieves a -3.15% return, which is significantly lower than USD's 7.05% return. Over the past 10 years, PNNT has underperformed USD with an annualized return of 10.26%, while USD has yielded a comparatively higher 45.83% annualized return.
PNNT
-3.15%
-1.34%
0.44%
10.17%
12.97%
10.26%
USD
7.05%
8.19%
2.20%
113.10%
53.24%
45.83%
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Risk-Adjusted Performance
PNNT vs. USD — Risk-Adjusted Performance Rank
PNNT
USD
PNNT vs. USD - Risk-Adjusted Performance 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.
Dividends
PNNT vs. USD - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 13.57%, more than USD's 0.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 13.57% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% | 11.75% |
USD ProShares Ultra Semiconductors | 0.09% | 0.10% | 0.05% | 0.59% | 0.00% | 0.24% | 0.94% | 1.87% | 0.32% | 7.43% | 0.63% | 2.78% |
Drawdowns
PNNT vs. USD - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, smaller than the maximum USD drawdown of -88.61%. Use the drawdown chart below to compare losses from any high point for PNNT and USD. For additional features, visit the drawdowns tool.
Volatility
PNNT vs. USD - Volatility Comparison
The current volatility for PennantPark Investment Corporation (PNNT) is 7.35%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.91%. 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.