PSEC vs. SLQD
Compare and contrast key facts about Prospect Capital Corporation (PSEC) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).
SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSEC or SLQD.
Key characteristics
| PSEC | SLQD | |
|---|---|---|
| YTD Return | -20.52% | 4.38% |
| 1Y Return | -12.63% | 7.43% |
| 3Y Return (Ann) | -12.60% | 1.88% |
| 5Y Return (Ann) | 3.07% | 2.04% |
| 10Y Return (Ann) | 3.56% | 2.23% |
| Sharpe Ratio | -0.52 | 3.55 |
| Sortino Ratio | -0.52 | 6.02 |
| Omega Ratio | 0.92 | 1.80 |
| Calmar Ratio | -0.41 | 3.07 |
| Martin Ratio | -1.68 | 25.10 |
| Ulcer Index | 8.27% | 0.30% |
| Daily Std Dev | 26.47% | 2.10% |
| Max Drawdown | -61.51% | -12.69% |
| Current Drawdown | -34.12% | -0.68% |
Correlation
The correlation between PSEC and SLQD is 0.06, 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
PSEC vs. SLQD - Performance Comparison
In the year-to-date period, PSEC achieves a -20.52% return, which is significantly lower than SLQD's 4.38% return. Over the past 10 years, PSEC has outperformed SLQD with an annualized return of 3.56%, while SLQD has yielded a comparatively lower 2.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PSEC vs. SLQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Prospect Capital Corporation (PSEC) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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
PSEC vs. SLQD - Dividend Comparison
PSEC's dividend yield for the trailing twelve months is around 16.86%, more than SLQD's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSEC Prospect Capital Corporation | 16.86% | 12.02% | 10.30% | 9.27% | 13.31% | 11.18% | 11.41% | 13.41% | 11.93% | 14.67% | 16.04% | 11.76% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
Drawdowns
PSEC vs. SLQD - Drawdown Comparison
The maximum PSEC drawdown since its inception was -61.51%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for PSEC and SLQD. For additional features, visit the drawdowns tool.
Volatility
PSEC vs. SLQD - Volatility Comparison
Prospect Capital Corporation (PSEC) has a higher volatility of 16.48% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.54%. This indicates that PSEC's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.