RWAY vs. TRIN
RWAY (Runway Growth Finance Corp.) and TRIN (Trinity Capital Inc.) are both stocks. Both are in the Financial Services sector — RWAY in Credit Services, TRIN in Asset Management. Over the past 3 years, RWAY returned -11.17%/yr vs 29.05%/yr for TRIN. At a 0.40 correlation, their price movements are largely independent.
Performance
RWAY vs. TRIN - Performance Comparison
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Returns By Period
In the year-to-date period, RWAY achieves a -32.61% return, which is significantly lower than TRIN's 37.03% return.
RWAY
- 1D
- 3.40%
- 1M
- -15.30%
- YTD
- -32.61%
- 6M
- -32.46%
- 1Y
- -39.19%
- 3Y*
- -11.17%
- 5Y*
- —
- 10Y*
- —
TRIN
- 1D
- 4.05%
- 1M
- 12.80%
- YTD
- 37.03%
- 6M
- 37.44%
- 1Y
- 55.25%
- 3Y*
- 29.05%
- 5Y*
- 21.17%
- 10Y*
- —
RWAY vs. TRIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -32.61% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
TRIN Trinity Capital Inc. | 37.03% | 16.01% | 14.83% | 53.97% | -26.60% | 13.65% |
Correlation
The correlation between RWAY and TRIN is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.40 |
The correlation between RWAY and TRIN shifts across timeframes, from 0.40 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
RWAY:
$198.01M
TRIN:
$1.48B
RWAY:
$0.89
TRIN:
$1.99
RWAY:
6.19
TRIN:
8.91
RWAY:
1.80
TRIN:
4.97
RWAY:
0.45
TRIN:
1.27
RWAY:
$110.63M
TRIN:
$276.05M
RWAY:
$105.16M
TRIN:
$219.75M
RWAY:
$74.86M
TRIN:
$195.35M
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Return for Risk
RWAY vs. TRIN — Risk / Return Rank
RWAY
TRIN
RWAY vs. TRIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) and Trinity Capital Inc. (TRIN). 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.
| RWAY | TRIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.10 | ||
| Sortino ratioReturn per unit of downside risk | -5.70 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.44 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.70 | -4.57 |
| Martin ratioReturn relative to average drawdown | -1.80 | 9.32 | -11.12 |
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Drawdowns
RWAY vs. TRIN - Drawdown Comparison
The maximum RWAY drawdown since its inception was -45.35%, which is greater than TRIN's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for RWAY and TRIN.
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Drawdown Indicators
| RWAY | TRIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -43.12% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -45.35% | -14.99% | -30.36% |
Max Drawdown (3Y)Largest decline over 3 years | -45.35% | -15.58% | -29.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.12% | — |
Current DrawdownCurrent decline from peak | -43.06% | 0.00% | -43.06% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -8.84% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.77% | 5.94% | +15.83% |
Volatility
RWAY vs. TRIN - Volatility Comparison
Runway Growth Finance Corp. (RWAY) has a higher volatility of 11.71% compared to Trinity Capital Inc. (TRIN) at 8.33%. This indicates that RWAY's price experiences larger fluctuations and is considered to be riskier than TRIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWAY | TRIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 8.33% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 16.90% | +6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.45% | 21.27% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.67% | 26.81% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.67% | 27.03% | +1.64% |
Dividends
RWAY vs. TRIN - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 24.64%, more than TRIN's 19.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | 24.64% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% |
TRIN Trinity Capital Inc. | 19.93% | 13.92% | 14.10% | 14.04% | 21.32% | 7.17% |
Financials
RWAY vs. TRIN - Financials Comparison
This section allows you to compare key financial metrics between Runway Growth Finance Corp. and Trinity Capital 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
RWAY vs. TRIN - Profitability Comparison
RWAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Runway Growth Finance Corp. reported a gross profit of 0.00 and revenue of 29.45M. Therefore, the gross margin over that period was 0.0%.
TRIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trinity Capital Inc. reported a gross profit of 66.05M and revenue of 83.32M. Therefore, the gross margin over that period was 79.3%.
RWAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Runway Growth Finance Corp. reported an operating income of 0.00 and revenue of 29.45M, resulting in an operating margin of 0.0%.
TRIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trinity Capital Inc. reported an operating income of 61.68M and revenue of 83.32M, resulting in an operating margin of 74.0%.
RWAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Runway Growth Finance Corp. reported a net income of 0.00 and revenue of 29.45M, resulting in a net margin of 0.0%.
TRIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trinity Capital Inc. reported a net income of 45.52M and revenue of 83.32M, resulting in a net margin of 54.6%.
Frequently Asked Questions
RWAY and TRIN have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWAY has higher volatility (11.71%) compared to TRIN (8.33%). In terms of maximum drawdown, RWAY dropped -45.35% vs TRIN's -43.12%.
TRIN currently has the higher Sharpe Ratio (2.62 vs -1.49), 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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