PSCNX vs. NCLEX
Compare and contrast key facts about Penn Capital Special Situations Small Cap Equity Fund (PSCNX) and Nicholas Limited Edition Fund (NCLEX).
PSCNX is managed by Penn Capital Management. It was launched on Dec 17, 2015. NCLEX is managed by Nicholas. It was launched on May 18, 1987.
Performance
PSCNX vs. NCLEX - Performance Comparison
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PSCNX vs. NCLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCNX Penn Capital Special Situations Small Cap Equity Fund | 4.45% | 12.07% | 8.04% | 14.14% | -17.98% | 32.82% | 27.62% | 30.69% | -16.22% | 15.97% |
NCLEX Nicholas Limited Edition Fund | -12.80% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
Returns By Period
In the year-to-date period, PSCNX achieves a 4.45% return, which is significantly higher than NCLEX's -12.80% return. Over the past 10 years, PSCNX has outperformed NCLEX with an annualized return of 12.39%, while NCLEX has yielded a comparatively lower 6.84% annualized return.
PSCNX
- 1D
- 0.88%
- 1M
- -2.39%
- YTD
- 4.45%
- 6M
- 2.02%
- 1Y
- 24.42%
- 3Y*
- 11.91%
- 5Y*
- 5.10%
- 10Y*
- 12.39%
NCLEX
- 1D
- 0.23%
- 1M
- -7.58%
- YTD
- -12.80%
- 6M
- -15.32%
- 1Y
- -16.83%
- 3Y*
- -1.49%
- 5Y*
- -2.30%
- 10Y*
- 6.84%
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PSCNX vs. NCLEX - Expense Ratio Comparison
PSCNX has a 1.71% expense ratio, which is higher than NCLEX's 0.85% expense ratio.
Return for Risk
PSCNX vs. NCLEX — Risk / Return Rank
PSCNX
NCLEX
PSCNX vs. NCLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Capital Special Situations Small Cap Equity Fund (PSCNX) and Nicholas Limited Edition Fund (NCLEX). 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.
| PSCNX | NCLEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | -0.82 | +1.84 |
Sortino ratioReturn per unit of downside risk | 1.52 | -1.12 | +2.64 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.87 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.72 | +2.36 |
Martin ratioReturn relative to average drawdown | 6.23 | -1.93 | +8.16 |
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
| PSCNX | NCLEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.82 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.12 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.36 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.50 | -0.06 |
Correlation
The correlation between PSCNX and NCLEX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PSCNX vs. NCLEX - Dividend Comparison
PSCNX's dividend yield for the trailing twelve months is around 7.17%, less than NCLEX's 8.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCNX Penn Capital Special Situations Small Cap Equity Fund | 7.17% | 7.49% | 1.56% | 0.24% | 1.76% | 23.64% | 0.00% | 1.24% | 9.83% | 11.93% | 7.11% | 0.00% |
NCLEX Nicholas Limited Edition Fund | 8.64% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
Drawdowns
PSCNX vs. NCLEX - Drawdown Comparison
The maximum PSCNX drawdown since its inception was -50.15%, roughly equal to the maximum NCLEX drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for PSCNX and NCLEX.
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Drawdown Indicators
| PSCNX | NCLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.15% | -48.68% | -1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -21.36% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -32.09% | -28.50% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -50.15% | -35.79% | -14.36% |
Current DrawdownCurrent decline from peak | -4.62% | -27.05% | +22.43% |
Average DrawdownAverage peak-to-trough decline | -9.98% | -8.21% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 7.93% | -3.50% |
Volatility
PSCNX vs. NCLEX - Volatility Comparison
Penn Capital Special Situations Small Cap Equity Fund (PSCNX) has a higher volatility of 7.93% compared to Nicholas Limited Edition Fund (NCLEX) at 5.15%. This indicates that PSCNX's price experiences larger fluctuations and is considered to be riskier than NCLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCNX | NCLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 5.15% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 12.33% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.50% | 19.73% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.52% | 19.45% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 19.15% | +6.73% |