PTMN vs. SPY
Compare and contrast key facts about Portman Ridge Finance Corporation (PTMN) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTMN or SPY.
Correlation
The correlation between PTMN and SPY is 0.36, 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
PTMN vs. SPY - Performance Comparison
Key characteristics
PTMN:
0.58
SPY:
1.88
PTMN:
0.91
SPY:
2.53
PTMN:
1.12
SPY:
1.35
PTMN:
0.36
SPY:
2.83
PTMN:
1.60
SPY:
11.74
PTMN:
5.46%
SPY:
2.02%
PTMN:
14.94%
SPY:
12.64%
PTMN:
-91.48%
SPY:
-55.19%
PTMN:
-17.06%
SPY:
-0.42%
Returns By Period
In the year-to-date period, PTMN achieves a 6.36% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, PTMN has underperformed SPY with an annualized return of 0.39%, while SPY has yielded a comparatively higher 13.18% annualized return.
PTMN
6.36%
4.70%
-3.51%
9.04%
7.91%
0.39%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
PTMN vs. SPY — Risk-Adjusted Performance Rank
PTMN
SPY
PTMN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Portman Ridge Finance Corporation (PTMN) and SPDR S&P 500 ETF (SPY). 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
PTMN vs. SPY - Dividend Comparison
PTMN's dividend yield for the trailing twelve months is around 15.88%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTMN Portman Ridge Finance Corporation | 15.88% | 16.89% | 15.12% | 11.13% | 9.77% | 12.57% | 46.70% | 11.56% | 14.08% | 15.08% | 15.48% | 14.66% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PTMN vs. SPY - Drawdown Comparison
The maximum PTMN drawdown since its inception was -91.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PTMN and SPY. For additional features, visit the drawdowns tool.
Volatility
PTMN vs. SPY - Volatility Comparison
Portman Ridge Finance Corporation (PTMN) has a higher volatility of 4.57% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that PTMN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.