SLQD vs. PSEC
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, while PSEC (Prospect Capital Corporation) is a stock. Over the past 10 years, SLQD returned 2.60%/yr vs -1.34%/yr for PSEC. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
SLQD vs. PSEC - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 1.10% return, which is significantly higher than PSEC's -7.97% return. Over the past 10 years, SLQD has outperformed PSEC with an annualized return of 2.60%, while PSEC has yielded a comparatively lower -1.34% annualized return.
SLQD
- 1D
- -0.05%
- 1M
- -0.14%
- 6M
- 0.70%
- YTD
- 1.10%
- 1Y
- 3.24%
- 3Y*
- 5.31%
- 5Y*
- 2.53%
- 10Y*
- 2.60%
- ALL TIME*
- 2.50%
PSEC
- 1D
- -0.93%
- 1M
- -3.39%
- 6M
- -15.30%
- YTD
- -7.97%
- 1Y
- -12.70%
- 3Y*
- -19.12%
- 5Y*
- -12.77%
- 10Y*
- -1.34%
- ALL TIME*
- 2.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.66M | $10.26M | $12.77M | |
| $10.60M | $10.54M | $10.26M |
SLQD vs. PSEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.10% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
PSEC Prospect Capital Corporation | -7.97% | -28.86% | -18.16% | -4.13% | -8.61% | 70.00% | -3.54% | 13.83% | 4.09% | -9.44% |
Correlation
The correlation between SLQD and PSEC is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.07 |
The correlation between SLQD and PSEC shifts across timeframes, from 0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLQD vs. PSEC — Risk / Return Rank
SLQD
PSEC
SLQD vs. PSEC - Risk-Adjusted Trends 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.
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.
| SLQD | PSEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.94 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | -0.63 | +4.13 |
| Martin ratioReturn relative to average drawdown | 15.40 | -1.35 | +16.75 |
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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.
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Drawdown Indicators
| SLQD | PSEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -61.51% | +48.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -25.88% | +24.82% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -50.53% | +49.47% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -57.21% | +49.58% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -57.21% | +44.52% |
Current DrawdownCurrent decline from peak | -0.17% | -55.59% | +55.42% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -15.88% | +15.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 12.76% | -12.52% |
Volatility
SLQD vs. PSEC - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.42%, while Prospect Capital Corporation (PSEC) has a volatility of 9.43%. 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.
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Volatility by Period
| SLQD | PSEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 9.43% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 27.11% | -25.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 34.80% | -33.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.45% | 28.17% | -25.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 27.53% | -24.40% |
Dividends
SLQD vs. PSEC - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.34%, less than PSEC's 23.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSEC Prospect Capital Corporation | 23.94% | 20.85% | 16.01% | 12.02% | 10.30% | 8.56% | 13.31% | 11.18% | 11.41% | 13.45% | 11.98% | 14.72% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.99% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SLQD and PSEC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSEC has higher volatility (9.43%) compared to SLQD (0.42%). In terms of maximum drawdown, SLQD dropped -12.69% vs PSEC's -61.51%.
SLQD currently has the higher Sharpe Ratio (2.42 vs -0.47), 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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