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 0.37, 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.
Performance
PNNT vs. USD - Performance Comparison
Key characteristics
PNNT:
0.35
USD:
-0.44
PNNT:
0.57
USD:
-0.12
PNNT:
1.09
USD:
0.98
PNNT:
0.47
USD:
-0.63
PNNT:
1.17
USD:
-1.59
PNNT:
6.08%
USD:
25.37%
PNNT:
20.19%
USD:
91.34%
PNNT:
-82.16%
USD:
-87.94%
PNNT:
-10.56%
USD:
-64.46%
Returns By Period
In the year-to-date period, PNNT achieves a -5.89% return, which is significantly higher than USD's -55.14% return. Over the past 10 years, PNNT has underperformed USD with an annualized return of 8.78%, while USD has yielded a comparatively higher 34.34% annualized return.
PNNT
-5.89%
-8.36%
-2.02%
7.12%
37.12%
8.78%
USD
-55.14%
-40.17%
-52.85%
-36.09%
46.19%
34.34%
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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 14.60%, more than USD's 0.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 14.60% | 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 | 0.40% | 0.10% | 0.10% | 0.30% | 0.00% | 0.21% | 0.94% | 1.87% | 0.48% | 7.33% | 0.63% | 2.87% |
Drawdowns
PNNT vs. USD - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, smaller than the maximum USD drawdown of -87.94%. 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 9.98%, while ProShares Ultra Semiconductors (USD) has a volatility of 32.76%. 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.