SLQD vs. PSEC
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Prospect Capital Corporation (PSEC).
SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLQD or PSEC.
Key characteristics
| SLQD | PSEC | |
|---|---|---|
| YTD Return | 4.52% | -18.47% |
| 1Y Return | 7.58% | -11.65% |
| 3Y Return (Ann) | 1.93% | -11.87% |
| 5Y Return (Ann) | 2.10% | 3.63% |
| 10Y Return (Ann) | 2.24% | 3.83% |
| Sharpe Ratio | 3.69 | -0.59 |
| Sortino Ratio | 6.29 | -0.62 |
| Omega Ratio | 1.84 | 0.90 |
| Calmar Ratio | 3.18 | -0.49 |
| Martin Ratio | 26.34 | -1.95 |
| Ulcer Index | 0.29% | 8.13% |
| Daily Std Dev | 2.09% | 26.41% |
| Max Drawdown | -12.69% | -61.51% |
| Current Drawdown | -0.54% | -32.43% |
Correlation
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.
Performance
SLQD vs. PSEC - Performance Comparison
In the year-to-date period, SLQD achieves a 4.52% return, which is significantly higher than PSEC's -18.47% return. Over the past 10 years, SLQD has underperformed PSEC with an annualized return of 2.24%, while PSEC has yielded a comparatively higher 3.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Dividends
SLQD vs. PSEC - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.59%, less than PSEC's 16.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.59% | 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 | 16.44% | 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.
Volatility
SLQD vs. PSEC - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.53%, while Prospect Capital Corporation (PSEC) has a volatility of 16.43%. 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.