RAND vs. TSLX
RAND (Rand Capital Corporation) and TSLX (Sixth Street Specialty Lending, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, RAND returned 3.09%/yr vs 10.84%/yr for TSLX. At a 0.02 correlation, their price movements are largely independent.
Performance
RAND vs. TSLX - Performance Comparison
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Returns By Period
In the year-to-date period, RAND achieves a -6.14% return, which is significantly higher than TSLX's -17.27% return. Over the past 10 years, RAND has underperformed TSLX with an annualized return of 3.09%, while TSLX has yielded a comparatively higher 10.84% annualized return.
RAND
- 1D
- -0.49%
- 1M
- 0.00%
- 6M
- -7.33%
- YTD
- -6.14%
- 1Y
- -34.49%
- 3Y*
- 7.07%
- 5Y*
- 0.52%
- 10Y*
- 3.09%
TSLX
- 1D
- -0.76%
- 1M
- 3.52%
- 6M
- -17.35%
- YTD
- -17.27%
- 1Y
- -22.91%
- 3Y*
- 5.97%
- 5Y*
- 3.80%
- 10Y*
- 10.84%
RAND vs. TSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAND Rand Capital Corporation | -6.14% | -34.86% | 91.43% | 7.45% | -17.05% | -0.95% | 69.87% | 7.20% | -17.22% | -4.43% |
TSLX Sixth Street Specialty Lending, Inc. | -17.27% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
Correlation
The correlation between RAND and TSLX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014 | 0.02 |
The correlation between RAND and TSLX shifts across timeframes, from -0.07 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RAND:
$30.14M
TSLX:
$1.62B
RAND:
-$2.81
TSLX:
$435.52
RAND:
0.59
TSLX:
0.00
RAND:
-$3.23M
TSLX:
$91.48B
RAND:
-$4.74M
TSLX:
$215.15M
RAND:
-$6.47M
TSLX:
$192.45M
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Return for Risk
RAND vs. TSLX — Risk / Return Rank
RAND
TSLX
RAND vs. TSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rand Capital Corporation (RAND) and Sixth Street Specialty Lending, Inc. (TSLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RAND | TSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.86 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.79 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.37 | +0.26 |
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Drawdowns
RAND vs. TSLX - Drawdown Comparison
The maximum RAND drawdown since its inception was -89.66%, which is greater than TSLX's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for RAND and TSLX.
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Drawdown Indicators
| RAND | TSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.66% | -50.27% | -39.39% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -29.05% | -13.71% |
Max Drawdown (3Y)Largest decline over 3 years | -60.11% | -29.05% | -31.06% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -29.05% | -31.06% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | -50.27% | -9.84% |
Current DrawdownCurrent decline from peak | -58.71% | -25.28% | -33.43% |
Average DrawdownAverage peak-to-trough decline | -67.67% | -9.21% | -58.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.12% | 16.73% | +14.39% |
Volatility
RAND vs. TSLX - Volatility Comparison
The current volatility for Rand Capital Corporation (RAND) is 5.92%, while Sixth Street Specialty Lending, Inc. (TSLX) has a volatility of 7.61%. This indicates that RAND experiences smaller price fluctuations and is considered to be less risky than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAND | TSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 7.61% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 25.96% | 21.18% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.28% | 25.33% | +18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.36% | 19.56% | +21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.40% | 21.57% | +24.83% |
Dividends
RAND vs. TSLX - Dividend Comparison
RAND's dividend yield for the trailing twelve months is around 16.95%, more than TSLX's 11.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAND Rand Capital Corporation | 16.95% | 15.15% | 26.13% | 10.24% | 6.23% | 2.59% | 90.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLX Sixth Street Specialty Lending, Inc. | 11.08% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Financials
RAND vs. TSLX - Financials Comparison
This section allows you to compare key financial metrics between Rand Capital Corporation and Sixth Street Specialty Lending, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RAND vs. TSLX - Profitability Comparison
RAND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Rand Capital Corporation reported a gross profit of 0.00 and revenue of 1.24M. Therefore, the gross margin over that period was 0.0%.
TSLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Sixth Street Specialty Lending, Inc. reported a gross profit of 0.00 and revenue of 91.19B. Therefore, the gross margin over that period was 0.0%.
RAND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Rand Capital Corporation reported an operating income of 0.00 and revenue of 1.24M, resulting in an operating margin of 0.0%.
TSLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Sixth Street Specialty Lending, Inc. reported an operating income of 0.00 and revenue of 91.19B, resulting in an operating margin of 0.0%.
RAND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Rand Capital Corporation reported a net income of 545.03K and revenue of 1.24M, resulting in a net margin of 44.0%.
TSLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Sixth Street Specialty Lending, Inc. reported a net income of 41.05B and revenue of 91.19B, resulting in a net margin of 45.0%.
Frequently Asked Questions
RAND and TSLX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLX has higher volatility (7.61%) compared to RAND (5.92%). In terms of maximum drawdown, RAND dropped -89.66% vs TSLX's -50.27%.
RAND currently has the higher Sharpe Ratio (-0.78 vs -0.91), 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.
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