XFLT vs. PFLT
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) and PFLT (PennantPark Floating Rate Capital Ltd.) are both stocks. Both are in the Financial Services sector — XFLT in Capital Markets, PFLT in Asset Management. Over the past 5 years, XFLT returned -5.93%/yr vs -0.09%/yr for PFLT. At a 0.24 correlation, their price movements are largely independent.
Performance
XFLT vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, XFLT achieves a -22.23% return, which is significantly lower than PFLT's -14.30% return.
XFLT
- 1D
- -0.06%
- 1M
- -7.61%
- YTD
- -22.23%
- 6M
- -19.20%
- 1Y
- -27.04%
- 3Y*
- -6.60%
- 5Y*
- -5.93%
- 10Y*
- —
PFLT
- 1D
- 2.21%
- 1M
- -7.67%
- YTD
- -14.30%
- 6M
- -11.93%
- 1Y
- -16.45%
- 3Y*
- 0.50%
- 5Y*
- -0.09%
- 10Y*
- 5.16%
XFLT vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -22.23% | -15.35% | 7.37% | 30.40% | -20.30% | 31.30% | 5.13% | 22.05% | -15.10% | -4.70% |
PFLT PennantPark Floating Rate Capital Ltd. | -14.30% | -4.17% | 0.62% | 23.05% | -5.53% | 32.64% | -1.41% | 15.52% | -8.29% | -2.90% |
Correlation
The correlation between XFLT and PFLT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.24 |
Fundamentals
XFLT:
-$3.38
PFLT:
$1.69
XFLT:
2.04
PFLT:
2.26
XFLT:
$127.88M
PFLT:
$229.78M
XFLT:
$65.98M
PFLT:
$45.40M
XFLT:
-$14.78M
PFLT:
$38.59M
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Return for Risk
XFLT vs. PFLT — Risk / Return Rank
XFLT
PFLT
XFLT vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) and PennantPark Floating Rate Capital Ltd. (PFLT). 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.
| XFLT | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.88 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.68 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.36 | +0.02 |
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Drawdowns
XFLT vs. PFLT - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, smaller than the maximum PFLT drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for XFLT and PFLT.
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Drawdown Indicators
| XFLT | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -69.77% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -24.19% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -25.22% | -21.82% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | -29.64% | -17.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.77% | — |
Current DrawdownCurrent decline from peak | -38.16% | -23.57% | -14.59% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -8.34% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 12.10% | +8.08% |
Volatility
XFLT vs. PFLT - Volatility Comparison
The current volatility for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) is 3.34%, while PennantPark Floating Rate Capital Ltd. (PFLT) has a volatility of 8.78%. This indicates that XFLT experiences smaller price fluctuations and is considered to be less risky than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFLT | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 8.78% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 17.51% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 21.05% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 21.33% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.12% | 29.02% | -2.90% |
Dividends
XFLT vs. PFLT - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 21.40%, more than PFLT's 16.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLT PennantPark Floating Rate Capital Ltd. | 16.34% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 21.40% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% | 0.00% | 0.00% |
Financials
XFLT vs. PFLT - Financials Comparison
This section allows you to compare key financial metrics between XAI Octagon Floating Rate & Alternative Income Term Trust and PennantPark Floating Rate Capital Ltd.. 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
XFLT and PFLT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFLT has higher volatility (8.78%) compared to XFLT (3.34%). In terms of maximum drawdown, XFLT dropped -55.43% vs PFLT's -69.77%.
PFLT currently has the higher Sharpe Ratio (-0.79 vs -1.33), 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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