TPVG vs. BBDC
TPVG (TriplePoint Venture Growth BDC Corp.) and BBDC (Barings BDC, Inc.) are both stocks. Both are in the Financial Services sector — TPVG in Asset Management, BBDC in Credit Services. Over the past 5 years, TPVG returned -8.61%/yr vs 6.04%/yr for BBDC. At a 0.50 correlation, their price movements are largely independent.
Performance
TPVG vs. BBDC - Performance Comparison
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Returns By Period
In the year-to-date period, TPVG achieves a -20.50% return, which is significantly lower than BBDC's -6.34% return.
TPVG
- 1D
- -4.80%
- 1M
- -10.25%
- YTD
- -20.50%
- 6M
- -16.81%
- 1Y
- -16.32%
- 3Y*
- -11.75%
- 5Y*
- -8.61%
- 10Y*
- 4.99%
BBDC
- 1D
- -2.41%
- 1M
- -2.03%
- YTD
- -6.34%
- 6M
- -2.62%
- 1Y
- 0.92%
- 3Y*
- 14.62%
- 5Y*
- 6.04%
- 10Y*
- —
TPVG vs. BBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TPVG TriplePoint Venture Growth BDC Corp. | -20.50% | 3.93% | -20.01% | 20.29% | -34.65% | 50.54% | 5.70% | 44.22% | -15.53% |
BBDC Barings BDC, Inc. | -6.34% | 8.84% | 23.86% | 18.53% | -18.59% | 29.31% | -3.48% | 20.40% | -9.56% |
Correlation
The correlation between TPVG and BBDC is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.50 |
The correlation between TPVG and BBDC has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
Fundamentals
TPVG:
$192.74M
BBDC:
$847.08M
TPVG:
$1.14
BBDC:
$0.66
TPVG:
4.17
BBDC:
12.26
TPVG:
0.19
BBDC:
0.02
TPVG:
2.07
BBDC:
4.88
TPVG:
0.55
BBDC:
0.73
TPVG:
$92.89M
BBDC:
$174.30M
TPVG:
$65.21M
BBDC:
$149.47M
TPVG:
$63.04M
BBDC:
$90.27M
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Return for Risk
TPVG vs. BBDC — Risk / Return Rank
TPVG
BBDC
TPVG vs. BBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TriplePoint Venture Growth BDC Corp. (TPVG) and Barings BDC, Inc. (BBDC). 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.
| TPVG | BBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.02 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.08 | -0.59 |
| Martin ratioReturn relative to average drawdown | -1.02 | 0.16 | -1.18 |
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Drawdowns
TPVG vs. BBDC - Drawdown Comparison
The maximum TPVG drawdown since its inception was -81.78%, which is greater than BBDC's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for TPVG and BBDC.
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Drawdown Indicators
| TPVG | BBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.78% | -48.45% | -33.33% |
Max Drawdown (1Y)Largest decline over 1 year | -31.61% | -12.28% | -19.33% |
Max Drawdown (3Y)Largest decline over 3 years | -44.54% | -24.51% | -20.03% |
Max Drawdown (5Y)Largest decline over 5 years | -54.79% | -27.55% | -27.24% |
Max Drawdown (10Y)Largest decline over 10 years | -81.78% | — | — |
Current DrawdownCurrent decline from peak | -50.05% | -9.77% | -40.28% |
Average DrawdownAverage peak-to-trough decline | -18.47% | -7.98% | -10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.04% | 5.69% | +10.35% |
Volatility
TPVG vs. BBDC - Volatility Comparison
TriplePoint Venture Growth BDC Corp. (TPVG) has a higher volatility of 9.29% compared to Barings BDC, Inc. (BBDC) at 6.62%. This indicates that TPVG's price experiences larger fluctuations and is considered to be riskier than BBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPVG | BBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 6.62% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 25.45% | 15.45% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.52% | 18.91% | +13.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.66% | 19.45% | +12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.81% | 24.21% | +43.60% |
Dividends
TPVG vs. BBDC - Dividend Comparison
TPVG's dividend yield for the trailing twelve months is around 19.75%, more than BBDC's 13.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBDC Barings BDC, Inc. | 13.47% | 12.96% | 10.87% | 11.89% | 11.66% | 7.44% | 7.07% | 5.25% | 21.24% | 0.00% | 0.00% | 0.00% |
TPVG TriplePoint Venture Growth BDC Corp. | 19.75% | 16.51% | 18.97% | 14.73% | 14.86% | 8.02% | 11.81% | 10.13% | 14.14% | 11.35% | 12.22% | 12.04% |
Financials
TPVG vs. BBDC - Financials Comparison
This section allows you to compare key financial metrics between TriplePoint Venture Growth BDC Corp. and Barings BDC, Inc.. 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
Frequently Asked Questions
TPVG and BBDC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPVG has higher volatility (9.29%) compared to BBDC (6.62%). In terms of maximum drawdown, TPVG dropped -81.78% vs BBDC's -48.45%.
BBDC currently has the higher Sharpe Ratio (0.05 vs -0.50), 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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