PSEC vs. XLRE
Compare and contrast key facts about Prospect Capital Corporation (PSEC) and Real Estate Select Sector SPDR Fund (XLRE).
XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSEC or XLRE.
Key characteristics
| PSEC | XLRE | |
|---|---|---|
| YTD Return | -16.79% | 12.26% |
| 1Y Return | -14.10% | 33.64% |
| 3Y Return (Ann) | -11.41% | 0.15% |
| 5Y Return (Ann) | 4.02% | 6.60% |
| Sharpe Ratio | -0.13 | 1.85 |
| Sortino Ratio | 0.03 | 2.64 |
| Omega Ratio | 1.00 | 1.33 |
| Calmar Ratio | -0.12 | 1.04 |
| Martin Ratio | -0.46 | 7.63 |
| Ulcer Index | 8.05% | 4.14% |
| Daily Std Dev | 29.34% | 17.08% |
| Max Drawdown | -61.51% | -38.83% |
| Current Drawdown | -31.04% | -6.97% |
Correlation
The correlation between PSEC and XLRE is 0.34, 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. XLRE - Performance Comparison
In the year-to-date period, PSEC achieves a -16.79% return, which is significantly lower than XLRE's 12.26% 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. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Prospect Capital Corporation (PSEC) and Real Estate Select Sector SPDR Fund (XLRE). 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. XLRE - Dividend Comparison
PSEC's dividend yield for the trailing twelve months is around 16.11%, more than XLRE's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSEC Prospect Capital Corporation | 16.11% | 12.02% | 10.30% | 9.27% | 13.31% | 11.18% | 11.41% | 13.41% | 11.93% | 14.67% | 16.04% | 11.76% |
XLRE Real Estate Select Sector SPDR Fund | 3.15% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% | 0.00% | 0.00% |
Drawdowns
PSEC vs. XLRE - Drawdown Comparison
The maximum PSEC drawdown since its inception was -61.51%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for PSEC and XLRE. For additional features, visit the drawdowns tool.
Volatility
PSEC vs. XLRE - Volatility Comparison
Prospect Capital Corporation (PSEC) has a higher volatility of 16.39% compared to Real Estate Select Sector SPDR Fund (XLRE) at 5.69%. This indicates that PSEC's price experiences larger fluctuations and is considered to be riskier than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.