TCPC vs. CSWC
Compare and contrast key facts about BlackRock TCP Capital Corp. (TCPC) and Capital Southwest Corporation (CSWC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCPC or CSWC.
Correlation
The correlation between TCPC and CSWC is 0.38, 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
TCPC vs. CSWC - Performance Comparison
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Key characteristics
TCPC:
-0.54
CSWC:
-0.49
TCPC:
-0.59
CSWC:
-0.57
TCPC:
0.92
CSWC:
0.92
TCPC:
-0.47
CSWC:
-0.47
TCPC:
-0.94
CSWC:
-1.15
TCPC:
18.29%
CSWC:
11.38%
TCPC:
31.64%
CSWC:
24.88%
TCPC:
-69.08%
CSWC:
-69.30%
TCPC:
-24.82%
CSWC:
-16.22%
Fundamentals
TCPC:
$653.39M
CSWC:
$1.07B
TCPC:
-$0.62
CSWC:
$1.39
TCPC:
0.88
CSWC:
12.55
TCPC:
2.52
CSWC:
5.38
TCPC:
0.83
CSWC:
1.29
TCPC:
$39.04M
CSWC:
$117.10M
TCPC:
-$33.49M
CSWC:
$114.50M
TCPC:
-$46.78M
CSWC:
$80.44M
Returns By Period
In the year-to-date period, TCPC achieves a -8.54% return, which is significantly lower than CSWC's -1.51% return. Over the past 10 years, TCPC has underperformed CSWC with an annualized return of 3.31%, while CSWC has yielded a comparatively higher 10.47% annualized return.
TCPC
-8.54%
15.40%
-5.79%
-17.13%
10.16%
3.31%
CSWC
-1.51%
5.62%
-3.92%
-11.93%
23.71%
10.47%
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Risk-Adjusted Performance
TCPC vs. CSWC — Risk-Adjusted Performance Rank
TCPC
CSWC
TCPC vs. CSWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock TCP Capital Corp. (TCPC) and Capital Southwest Corporation (CSWC). 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.
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Dividends
TCPC vs. CSWC - Dividend Comparison
TCPC's dividend yield for the trailing twelve months is around 16.45%, more than CSWC's 12.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCPC BlackRock TCP Capital Corp. | 16.45% | 15.61% | 11.70% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% | 9.18% |
CSWC Capital Southwest Corporation | 12.18% | 11.59% | 10.21% | 12.75% | 10.13% | 11.49% | 13.07% | 5.88% | 7.01% | 2.35% | 0.00% | 0.00% |
Drawdowns
TCPC vs. CSWC - Drawdown Comparison
The maximum TCPC drawdown since its inception was -69.08%, roughly equal to the maximum CSWC drawdown of -69.30%. Use the drawdown chart below to compare losses from any high point for TCPC and CSWC. For additional features, visit the drawdowns tool.
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Volatility
TCPC vs. CSWC - Volatility Comparison
BlackRock TCP Capital Corp. (TCPC) has a higher volatility of 10.17% compared to Capital Southwest Corporation (CSWC) at 6.51%. This indicates that TCPC's price experiences larger fluctuations and is considered to be riskier than CSWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TCPC vs. CSWC - Financials Comparison
This section allows you to compare key financial metrics between BlackRock TCP Capital Corp. and Capital Southwest Corporation. 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
TCPC vs. CSWC - Profitability Comparison
TCPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, BlackRock TCP Capital Corp. reported a gross profit of 23.77M and revenue of 39.10M. Therefore, the gross margin over that period was 60.8%.
CSWC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Capital Southwest Corporation reported a gross profit of 26.61M and revenue of 26.61M. Therefore, the gross margin over that period was 100.0%.
TCPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, BlackRock TCP Capital Corp. reported an operating income of 20.89M and revenue of 39.10M, resulting in an operating margin of 53.4%.
CSWC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Capital Southwest Corporation reported an operating income of 19.64M and revenue of 26.61M, resulting in an operating margin of 73.8%.
TCPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, BlackRock TCP Capital Corp. reported a net income of 20.89M and revenue of 39.10M, resulting in a net margin of 53.4%.
CSWC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Capital Southwest Corporation reported a net income of 16.27M and revenue of 26.61M, resulting in a net margin of 61.1%.