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.
Correlation
The correlation between SLQD and PSEC is 0.06, 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
Key characteristics
SLQD:
3.23
PSEC:
-0.52
SLQD:
5.19
PSEC:
-0.52
SLQD:
1.69
PSEC:
0.92
SLQD:
7.13
PSEC:
-0.37
SLQD:
19.03
PSEC:
-1.28
SLQD:
0.31%
PSEC:
10.28%
SLQD:
1.80%
PSEC:
25.35%
SLQD:
-12.69%
PSEC:
-61.51%
SLQD:
0.00%
PSEC:
-29.24%
Returns By Period
In the year-to-date period, SLQD achieves a 0.81% return, which is significantly lower than PSEC's 4.32% return. Over the past 10 years, SLQD has underperformed PSEC with an annualized return of 2.27%, while PSEC has yielded a comparatively higher 4.94% annualized return.
SLQD
0.81%
0.55%
1.94%
5.75%
2.04%
2.27%
PSEC
4.32%
2.42%
-6.55%
-13.13%
3.87%
4.94%
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Risk-Adjusted Performance
SLQD vs. PSEC — Risk-Adjusted Performance Rank
SLQD
PSEC
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 3.74%, less than PSEC's 15.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.74% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% |
PSEC Prospect Capital Corporation | 15.17% | 16.01% | 12.02% | 10.30% | 9.27% | 13.31% | 11.18% | 11.41% | 13.41% | 11.93% | 14.67% | 16.04% |
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 0.43%, while Prospect Capital Corporation (PSEC) has a volatility of 4.82%. 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.