PTIR vs. BBDC

Last updated Jun 3, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while BBDC (Barings BDC, Inc.) is a stock. Over the past year, PTIR returned -8.22% vs 7.68% for BBDC. At a 0.26 correlation, their price movements are largely independent.

Performance

PTIR vs. BBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and Barings BDC, Inc. (BBDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -38.16% return, which is significantly lower than BBDC's -1.59% return.

PTIR

• 1D: -10.60%
• 1M: 7.69%
• YTD: -38.16%
• 6M: -34.27%
• 1Y: -8.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBDC

• 1D: -0.90%
• 1M: -5.09%
• YTD: -1.59%
• 6M: 3.72%
• 1Y: 7.68%
• 3Y*: 16.07%
• 5Y*: 6.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTIR vs. BBDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-38.16%	221.36%	425.36%
BBDC Barings BDC, Inc.	-1.59%	8.84%	0.30%

Correlation

The correlation between PTIR and BBDC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.26

Return for Risk

PTIR vs. BBDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTIR

PTIR Risk / Return Rank: 10
PTIR Sharpe Ratio Rank: 8
PTIR Sortino Ratio Rank: 14
PTIR Omega Ratio Rank: 14
PTIR Calmar Ratio Rank: 8
PTIR Martin Ratio Rank: 7

BBDC

BBDC Risk / Return Rank: 51
BBDC Sharpe Ratio Rank: 55
BBDC Sortino Ratio Rank: 47
BBDC Omega Ratio Rank: 45
BBDC Calmar Ratio Rank: 53
BBDC Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTIR vs. BBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) and Barings BDC, Inc. (BBDC). 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.

	PTIR	BBDC	Difference
Sharpe ratio Return per unit of total volatility	-0.08	0.42	-0.50
Sortino ratio Return per unit of downside risk	0.60	0.73	-0.13
Omega ratio Gain probability vs. loss probability	1.08	1.09	-0.01
Calmar ratio Return relative to maximum drawdown	-0.12	0.55	-0.67
Martin ratio Return relative to average drawdown	-0.20	1.24	-1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTIR vs. BBDC - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.08, which is lower than the BBDC Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of PTIR and BBDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTIR	BBDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.42	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.28	+1.95

Drawdowns

PTIR vs. BBDC - Drawdown Comparison

The maximum PTIR drawdown since its inception was -69.10%, which is greater than BBDC's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for PTIR and BBDC.

Drawdown Indicators

	PTIR	BBDC	Difference
Max Drawdown Largest peak-to-trough decline	-69.10%	-48.45%	-20.65%
Max Drawdown (1Y) Largest decline over 1 year	-68.11%	-12.28%	-55.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.55%	—
Current Drawdown Current decline from peak	-57.38%	-5.19%	-52.19%
Average Drawdown Average peak-to-trough decline	-27.38%	-7.99%	-19.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.35%	5.46%	+33.89%

Volatility

PTIR vs. BBDC - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 34.02% compared to Barings BDC, Inc. (BBDC) at 6.03%. This indicates that PTIR's price experiences larger fluctuations and is considered to be riskier than BBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	BBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.02%	6.03%	+27.99%
Volatility (6M) Calculated over the trailing 6-month period	75.99%	14.47%	+61.52%
Volatility (1Y) Calculated over the trailing 1-year period	102.25%	18.20%	+84.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.30%	19.29%	+110.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.30%	24.15%	+105.15%

Dividends

PTIR vs. BBDC - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 9.40%, less than BBDC's 13.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBDC Barings BDC, Inc.	13.01%	12.96%	10.87%	11.89%	11.66%	7.44%	7.07%	5.25%	21.24%
PTIR GraniteShares 2x Long PLTR Daily ETF	9.40%	5.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTIR and BBDC in my portfolio?

PTIR and BBDC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or BBDC?

PTIR has higher volatility (34.02%) compared to BBDC (6.03%). In terms of maximum drawdown, PTIR dropped -69.10% vs BBDC's -48.45%.

Which has better risk-adjusted returns?

BBDC currently has the higher Sharpe Ratio (0.42 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.