TSLX vs. NMFC
TSLX (Sixth Street Specialty Lending, Inc.) and NMFC (New Mountain Finance Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, TSLX returned 11.45%/yr vs 6.08%/yr for NMFC. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
TSLX vs. NMFC - Performance Comparison
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Returns By Period
In the year-to-date period, TSLX achieves a -18.90% return, which is significantly lower than NMFC's -11.79% return. Over the past 10 years, TSLX has outperformed NMFC with an annualized return of 11.45%, while NMFC has yielded a comparatively lower 6.08% annualized return.
TSLX
- 1D
- -1.38%
- 1M
- -4.40%
- YTD
- -18.90%
- 6M
- -19.48%
- 1Y
- -19.78%
- 3Y*
- 6.57%
- 5Y*
- 4.47%
- 10Y*
- 11.45%
NMFC
- 1D
- -0.51%
- 1M
- -5.92%
- YTD
- -11.79%
- 6M
- -13.53%
- 1Y
- -16.84%
- 3Y*
- -3.49%
- 5Y*
- -0.05%
- 10Y*
- 6.08%
TSLX vs. NMFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | -18.90% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
NMFC New Mountain Finance Corporation | -11.79% | -7.17% | -0.95% | 15.47% | -0.55% | 31.94% | -7.13% | 20.64% | 2.78% | 5.71% |
Correlation
The correlation between TSLX and NMFC is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2014 | 0.54 |
The correlation between TSLX and NMFC shifts across timeframes, from 0.54 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TSLX:
$436.19
NMFC:
$328.53
TSLX:
0.04
NMFC:
0.02
TSLX:
0.02
NMFC:
2.30
TSLX:
$91.48B
NMFC:
$315.55M
TSLX:
$215.15M
NMFC:
$203.95M
TSLX:
$192.45M
NMFC:
$106.53M
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Return for Risk
TSLX vs. NMFC — Risk / Return Rank
TSLX
NMFC
TSLX vs. NMFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) and New Mountain Finance Corporation (NMFC). 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.
| TSLX | NMFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.89 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.69 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.35 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLX | NMFC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | -0.75 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.00 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.24 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.31 | +0.20 |
Drawdowns
TSLX vs. NMFC - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, smaller than the maximum NMFC drawdown of -64.16%. Use the drawdown chart below to compare losses from any high point for TSLX and NMFC.
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Drawdown Indicators
| TSLX | NMFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -64.16% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -24.56% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | -27.77% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -27.77% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -64.16% | +13.89% |
Current DrawdownCurrent decline from peak | -26.75% | -23.29% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -5.45% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 12.48% | +2.21% |
Volatility
TSLX vs. NMFC - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) has a higher volatility of 8.58% compared to New Mountain Finance Corporation (NMFC) at 6.73%. This indicates that TSLX's price experiences larger fluctuations and is considered to be riskier than NMFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLX | NMFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 6.73% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 18.23% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 22.67% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 18.54% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 25.91% | -4.44% |
Dividends
TSLX vs. NMFC - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 11.25%, less than NMFC's 16.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFC New Mountain Finance Corporation | 16.43% | 13.90% | 12.17% | 11.40% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% |
TSLX Sixth Street Specialty Lending, Inc. | 11.25% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Financials
TSLX vs. NMFC - Financials Comparison
This section allows you to compare key financial metrics between Sixth Street Specialty Lending, Inc. and New Mountain Finance 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
Frequently Asked Questions
TSLX and NMFC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLX has higher volatility (8.58%) compared to NMFC (6.73%). In terms of maximum drawdown, TSLX dropped -50.27% vs NMFC's -64.16%.
NMFC currently has the higher Sharpe Ratio (-0.75 vs -0.81), 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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