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:
1.32
USD:
0.87
PNNT:
1.76
USD:
1.54
PNNT:
1.26
USD:
1.20
PNNT:
1.56
USD:
1.57
PNNT:
3.96
USD:
3.57
PNNT:
6.01%
USD:
20.98%
PNNT:
17.98%
USD:
86.23%
PNNT:
-82.16%
USD:
-88.61%
PNNT:
-0.28%
USD:
-17.46%
Returns By Period
In the year-to-date period, PNNT achieves a 3.86% return, which is significantly lower than USD's 4.18% return. Over the past 10 years, PNNT has underperformed USD with an annualized return of 9.73%, while USD has yielded a comparatively higher 45.17% annualized return.
PNNT
3.86%
4.76%
11.27%
21.77%
14.90%
9.73%
USD
4.18%
-5.96%
11.02%
89.99%
52.63%
45.17%
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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 12.93%, more than USD's 0.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 12.93% | 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 | 0.10% | 0.10% | 0.10% | 0.59% | 0.00% | 0.20% | 1.24% | 1.45% | 0.41% | 7.20% | 0.54% | 3.42% |
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 3.01%, while ProShares Ultra Semiconductors (USD) has a volatility of 37.52%. 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.