WHF vs. GAIN
WHF (WhiteHorse Finance, Inc.) and GAIN (Gladstone Investment Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, WHF returned 7.98%/yr vs 18.56%/yr for GAIN. At a 0.31 correlation, their price movements are largely independent.
Performance
WHF vs. GAIN - Performance Comparison
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Returns By Period
In the year-to-date period, WHF achieves a 1.11% return, which is significantly lower than GAIN's 8.56% return. Over the past 10 years, WHF has underperformed GAIN with an annualized return of 7.98%, while GAIN has yielded a comparatively higher 18.56% annualized return.
WHF
- 1D
- 1.55%
- 1M
- -0.46%
- YTD
- 1.11%
- 6M
- 1.26%
- 1Y
- -11.96%
- 3Y*
- -6.52%
- 5Y*
- -3.42%
- 10Y*
- 7.98%
GAIN
- 1D
- -0.14%
- 1M
- -7.17%
- YTD
- 8.56%
- 6M
- 10.38%
- 1Y
- 11.56%
- 3Y*
- 19.05%
- 5Y*
- 12.21%
- 10Y*
- 18.56%
WHF vs. GAIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WHF WhiteHorse Finance, Inc. | 1.11% | -15.36% | -8.52% | 6.26% | -6.23% | 25.77% | 19.14% | 20.83% | 4.80% | 21.87% |
GAIN Gladstone Investment Corporation | 8.56% | 17.11% | 5.33% | 31.01% | -17.55% | 82.14% | -16.56% | 53.31% | -9.67% | 44.63% |
Correlation
The correlation between WHF and GAIN is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2012 | 0.31 |
Fundamentals
WHF:
$0.69
GAIN:
$3.40
WHF:
9.52
GAIN:
4.34
WHF:
3.15
GAIN:
5.02
WHF:
$47.81M
GAIN:
$112.66M
WHF:
$14.33M
GAIN:
$80.66M
WHF:
-$4.37M
GAIN:
$57.95M
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Return for Risk
WHF vs. GAIN — Risk / Return Rank
WHF
GAIN
WHF vs. GAIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WhiteHorse Finance, Inc. (WHF) and Gladstone Investment Corporation (GAIN). 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.
| WHF | GAIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.13 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.91 | -1.36 |
| Martin ratioReturn relative to average drawdown | -0.82 | 3.42 | -4.25 |
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Drawdowns
WHF vs. GAIN - Drawdown Comparison
The maximum WHF drawdown since its inception was -57.48%, smaller than the maximum GAIN drawdown of -80.87%. Use the drawdown chart below to compare losses from any high point for WHF and GAIN.
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Drawdown Indicators
| WHF | GAIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -80.87% | +23.39% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | -12.75% | -13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -14.76% | -23.15% |
Max Drawdown (5Y)Largest decline over 5 years | -37.91% | -26.26% | -11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -57.48% | -56.28% | -1.20% |
Current DrawdownCurrent decline from peak | -29.51% | -12.75% | -16.76% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -15.90% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.53% | 3.39% | +11.14% |
Volatility
WHF vs. GAIN - Volatility Comparison
WhiteHorse Finance, Inc. (WHF) has a higher volatility of 10.10% compared to Gladstone Investment Corporation (GAIN) at 6.40%. This indicates that WHF's price experiences larger fluctuations and is considered to be riskier than GAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WHF | GAIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 6.40% | +3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 16.64% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.23% | 19.02% | +9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 22.30% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.57% | 25.72% | +5.85% |
Dividends
WHF vs. GAIN - Dividend Comparison
WHF's dividend yield for the trailing twelve months is around 18.02%, more than GAIN's 5.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAIN Gladstone Investment Corporation | 5.96% | 10.74% | 12.53% | 17.24% | 9.88% | 6.06% | 9.22% | 7.06% | 9.24% | 7.94% | 8.87% | 9.68% |
WHF WhiteHorse Finance, Inc. | 18.02% | 20.72% | 18.44% | 12.60% | 11.26% | 10.03% | 13.96% | 11.79% | 11.16% | 10.58% | 11.67% | 12.37% |
Financials
WHF vs. GAIN - Financials Comparison
This section allows you to compare key financial metrics between WhiteHorse Finance, Inc. and Gladstone Investment 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
WHF and GAIN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WHF has higher volatility (10.10%) compared to GAIN (6.40%). In terms of maximum drawdown, WHF dropped -57.48% vs GAIN's -80.87%.
GAIN currently has the higher Sharpe Ratio (0.61 vs -0.43), 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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