TCPC vs. OFS
TCPC (BlackRock TCP Capital Corp.) and OFS (OFS Capital Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, TCPC returned -3.77%/yr vs -1.47%/yr for OFS. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
TCPC vs. OFS - Performance Comparison
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Returns By Period
In the year-to-date period, TCPC achieves a -34.59% return, which is significantly lower than OFS's -21.98% return. Over the past 10 years, TCPC has underperformed OFS with an annualized return of -3.77%, while OFS has yielded a comparatively higher -1.47% annualized return.
TCPC
- 1D
- 0.00%
- 1M
- -3.27%
- 6M
- -30.92%
- YTD
- -34.59%
- 1Y
- -45.29%
- 3Y*
- -23.85%
- 5Y*
- -14.52%
- 10Y*
- -3.77%
- ALL TIME*
- 0.88%
OFS
- 1D
- 2.13%
- 1M
- -6.93%
- 6M
- -25.28%
- YTD
- -21.98%
- 1Y
- -51.82%
- 3Y*
- -19.90%
- 5Y*
- -6.81%
- 10Y*
- -1.47%
- ALL TIME*
- 0.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $162.18K | $161.21K | $216.81K | |
| $1.65M | $1.96M | $2.76M |
TCPC vs. OFS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCPC BlackRock TCP Capital Corp. | -34.59% | -26.24% | -12.26% | 3.23% | 5.61% | 30.76% | -9.17% | 19.31% | -5.59% | -1.22% |
OFS OFS Capital Corporation | -21.98% | -31.59% | -20.19% | 29.93% | 3.28% | 66.92% | -25.16% | 17.95% | -0.24% | -4.40% |
Correlation
The correlation between TCPC and OFS is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | 0.26 |
Fundamentals
TCPC:
$272.68M
OFS:
$45.02M
TCPC:
-$1.30
OFS:
-$2.07
TCPC:
0.49
OFS:
0.40
TCPC:
$57.18M
OFS:
-$919.00K
TCPC:
-$116.96M
OFS:
-$17.89M
TCPC:
-$43.73M
OFS:
-$23.53M
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Return for Risk
TCPC vs. OFS — Risk / Return Rank
TCPC
OFS
TCPC vs. OFS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock TCP Capital Corp. (TCPC) and OFS Capital Corporation (OFS). 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.
| TCPC | OFS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.80 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.83 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.23 | -0.30 |
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Drawdowns
TCPC vs. OFS - Drawdown Comparison
The maximum TCPC drawdown since its inception was -69.08%, roughly equal to the maximum OFS drawdown of -69.09%. Use the drawdown chart below to compare losses from any high point for TCPC and OFS.
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Drawdown Indicators
| TCPC | OFS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.08% | -69.09% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -48.26% | -64.17% | +15.91% |
Max Drawdown (3Y)Largest decline over 3 years | -60.76% | -66.97% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -60.76% | -66.97% | +6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -69.08% | -69.09% | +0.01% |
Current DrawdownCurrent decline from peak | -59.25% | -58.57% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -14.82% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.69% | 42.83% | -13.14% |
Volatility
TCPC vs. OFS - Volatility Comparison
The current volatility for BlackRock TCP Capital Corp. (TCPC) is 10.09%, while OFS Capital Corporation (OFS) has a volatility of 13.48%. This indicates that TCPC experiences smaller price fluctuations and is considered to be less risky than OFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCPC | OFS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 13.48% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 28.24% | 40.92% | -12.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.60% | 50.85% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 34.57% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 40.53% | -5.83% |
Dividends
TCPC vs. OFS - Dividend Comparison
TCPC's dividend yield for the trailing twelve months is around 27.08%, more than OFS's 25.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OFS OFS Capital Corporation | 25.30% | 25.00% | 16.85% | 11.45% | 11.43% | 8.35% | 12.03% | 12.18% | 12.83% | 11.43% | 9.88% | 11.85% |
TCPC BlackRock TCP Capital Corp. | 27.08% | 20.48% | 16.76% | 14.64% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% |
Financials
TCPC vs. OFS - Financials Comparison
This section allows you to compare key financial metrics between BlackRock TCP Capital Corp. and OFS Capital 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. OFS - Profitability Comparison
TCPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BlackRock TCP Capital Corp. reported a gross profit of 0.00 and revenue of 42.58M. Therefore, the gross margin over that period was 0.0%.
OFS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, OFS Capital Corporation reported a gross profit of 0.00 and revenue of 6.21M. Therefore, the gross margin over that period was 0.0%.
TCPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BlackRock TCP Capital Corp. reported an operating income of 0.00 and revenue of 42.58M, resulting in an operating margin of 0.0%.
OFS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, OFS Capital Corporation reported an operating income of 0.00 and revenue of 6.21M, resulting in an operating margin of 0.0%.
TCPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BlackRock TCP Capital Corp. reported a net income of 0.00 and revenue of 42.58M, resulting in a net margin of 0.0%.
OFS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, OFS Capital Corporation reported a net income of 0.00 and revenue of 6.21M, resulting in a net margin of 0.0%.
Frequently Asked Questions
TCPC and OFS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OFS has higher volatility (13.48%) compared to TCPC (10.09%). In terms of maximum drawdown, TCPC dropped -69.08% vs OFS's -69.09%.
OFS currently has the higher Sharpe Ratio (-1.04 vs -1.28), 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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