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SLQD vs. PSEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SLQD vs. PSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Prospect Capital Corporation (PSEC). The values are adjusted to include any dividend payments, if applicable.

-20.00%-15.00%-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.43%
-12.63%
SLQD
PSEC

Returns By Period

In the year-to-date period, SLQD achieves a 4.38% return, which is significantly higher than PSEC's -13.44% return. Over the past 10 years, SLQD has underperformed PSEC with an annualized return of 2.22%, while PSEC has yielded a comparatively higher 4.51% annualized return.


SLQD

YTD

4.38%

1M

-0.16%

6M

3.45%

1Y

6.57%

5Y (annualized)

2.04%

10Y (annualized)

2.22%

PSEC

YTD

-13.44%

1M

-11.76%

6M

-11.07%

1Y

-8.95%

5Y (annualized)

4.82%

10Y (annualized)

4.51%

Key characteristics


SLQDPSEC
Sharpe Ratio3.28-0.30
Sortino Ratio5.41-0.22
Omega Ratio1.710.96
Calmar Ratio3.97-0.23
Martin Ratio21.00-0.90
Ulcer Index0.32%8.91%
Daily Std Dev2.02%26.36%
Max Drawdown-12.69%-61.51%
Current Drawdown-0.68%-28.26%

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Correlation

-0.50.00.51.00.1

The correlation between SLQD and PSEC is 0.05, 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.

Risk-Adjusted Performance

SLQD vs. PSEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Prospect Capital Corporation (PSEC). 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.


Sharpe ratio
The chart of Sharpe ratio for SLQD, currently valued at 3.28, compared to the broader market0.002.004.003.28-0.30
The chart of Sortino ratio for SLQD, currently valued at 5.41, compared to the broader market-2.000.002.004.006.008.0010.005.41-0.22
The chart of Omega ratio for SLQD, currently valued at 1.71, compared to the broader market0.501.001.502.002.503.001.710.96
The chart of Calmar ratio for SLQD, currently valued at 3.97, compared to the broader market0.005.0010.0015.003.97-0.23
The chart of Martin ratio for SLQD, currently valued at 21.00, compared to the broader market0.0020.0040.0060.0080.00100.0021.00-0.90
SLQD
PSEC

The current SLQD Sharpe Ratio is 3.28, which is higher than the PSEC Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of SLQD and PSEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.28
-0.30
SLQD
PSEC

Dividends

SLQD vs. PSEC - Dividend Comparison

SLQD's dividend yield for the trailing twelve months is around 3.60%, less than PSEC's 15.48% yield.


TTM20232022202120202019201820172016201520142013
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
3.60%2.99%2.00%1.67%2.34%2.89%2.56%1.98%1.81%1.43%1.24%0.23%
PSEC
Prospect Capital Corporation
15.48%12.02%10.30%9.27%13.31%11.18%11.41%13.41%11.93%14.67%16.04%11.76%

Drawdowns

SLQD vs. PSEC - Drawdown Comparison

The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum PSEC drawdown of -61.51%. Use the drawdown chart below to compare losses from any high point for SLQD and PSEC. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.68%
-28.26%
SLQD
PSEC

Volatility

SLQD vs. PSEC - Volatility Comparison

The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.49%, while Prospect Capital Corporation (PSEC) has a volatility of 17.16%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than PSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
0.49%
17.16%
SLQD
PSEC