MRSN vs WHF

Comparison between Mersana Therapeutics Inc (MRSN, Company) and WhiteHorse Finance Inc (WHF, Company).

MRSN is from the Healthcare sector, while WHF is from the Financial Services sector.

5-Year PerformanceWHF has outperformed MRSN, delivering a return of -3.3% compared to -42.3%

MRSN vs WHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MRSN(COMPANY)	WHF(COMPANY)
Market Cap	$145M	$146M
Max Drawdown	99.13%	62.93%
Sharpe Ratio	0.58	-0.41
5Y Beta	N/A	0.34
Industry	Biotechnology	Asset Management
P/E Ratio	-2.04	15.95
Forward P/E	N/A	6.19
PEG Ratio	N/A	2.53
Dividend Yield	N/A	19.00%
5Y Dividends CAGR	N/A	-3.81%
5Y EPS CAGR	-15.54%	N/A
Debt to Equity	0.00%	129.48%
Free Cash Flow Yield	-51.16%	77.31%
P/S Ratio	N/A	2.05
P/B Ratio	N/A	0.57

Market Cap

MRSN

$145M

Winner

WHF

$146M

Max Drawdown

MRSN

99.13%

Winner

WHF

62.93%

Sharpe Ratio

Winner

MRSN

0.58

WHF

-0.41

5Y Beta

MRSN

N/A

WHF

0.34

Industry

MRSN

Biotechnology

WHF

Asset Management

P/E Ratio

Winner

MRSN

-2.04

WHF

15.95

Forward P/E

MRSN

N/A

WHF

6.19

PEG Ratio

MRSN

N/A

WHF

2.53

Dividend Yield

MRSN

N/A

WHF

19.00%

5Y Dividends CAGR

MRSN

N/A

WHF

-3.81%

5Y EPS CAGR

MRSN

-15.54%

WHF

N/A

Debt to Equity

Winner

MRSN

0.00%

WHF

129.48%

Free Cash Flow Yield

MRSN

-51.16%

Winner

WHF

77.31%

P/S Ratio

MRSN

N/A

WHF

2.05

P/B Ratio

MRSN

N/A

WHF

0.57

MRSN vs WHF - Historical Returns

Returns include dividend reinvestment.

Period	MRSN	WHF
1 month	+4.70%	-5.08%
3 months	+254.63%	-2.53%
6 months	+282.25%	-2.22%
1 year	-14.47%	-12.73%
5 years(CAGR)	-42.31%	-3.25%
10 years(CAGR)	-25.31%	+8.57%
Max(CAGR)	-25.31%	+6.94%

Winner

MRSN

+4.70%

WHF

-5.08%

Winner

MRSN

+254.63%

WHF

-2.53%

Winner

MRSN

+282.25%

WHF

-2.22%

MRSN

-14.47%

Winner

WHF

-12.73%

5Y(CAGR)

MRSN

-42.31%

Winner

WHF

-3.25%

10Y(CAGR)

MRSN

-25.31%

Winner

WHF

+8.57%

Max(CAGR)

MRSN

-25.31%

Winner

WHF

+6.94%

MRSN vs WHF - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MRSN	WHF
2026	+0.14%	+2.21%
2025	-17.34%	-17.37%
2024	-37.00%	-8.37%
2023	-59.51%	+7.48%
2022	-9.01%	-5.77%
2021	-76.55%	+26.97%
2020	+396.46%	+18.57%
2019	+32.95%	+18.96%
2018	-76.54%	+6.89%
2017	+17.36%	+21.29%
2016	N/A	+20.16%
2015	N/A	+9.71%
2014	N/A	-13.62%
2013	N/A	+10.27%
2012	N/A	+5.30%

MRSN vs WHF Drawdown Comparison

The maximum drawdown for MRSN was -99.13%, occurring on Aug 11, 2025. This drawdown has not yet recovered.

The maximum drawdown for WHF was -57.48%, occurring on Mar 18, 2020. Recovery took 189 trading sessions.

The current MRSN drawdown is -95.78%. The current WHF drawdown is -27.93%.

Rank	MRSN	WHF
#1	-99.13% Dec 23, 2020 - Aug 11, 2025	-57.48% Feb 19, 2020 - Nov 16, 2020
#2	-93.61% May 25, 2018 - Jun 25, 2020	-37.56% May 22, 2024 - Feb 24, 2026
#3	-34.46% Sep 16, 2020 - Dec 1, 2020	-28.62% Oct 16, 2015 - Dec 9, 2016
#4	-31.86% Oct 3, 2017 - May 22, 2018	-25.48% Aug 16, 2022 - Jul 13, 2023
#5	-30.77% Jun 30, 2020 - Sep 14, 2020	-25.08% Oct 20, 2017 - May 24, 2018
#6	-14.30% Sep 11, 2017 - Sep 22, 2017	-19.21% Nov 8, 2013 - May 11, 2015
#7	-11.24% Dec 1, 2020 - Dec 21, 2020	-18.72% Jun 14, 2018 - Apr 17, 2019
#8	-5.21% Jun 28, 2017 - Jul 12, 2017	-16.90% Apr 20, 2022 - Aug 16, 2022
#9	-5.21% Sep 14, 2020 - Sep 16, 2020	-14.22% Sep 25, 2015 - Oct 15, 2015
#10	-4.29% Aug 21, 2017 - Aug 29, 2017	-12.29% Aug 2, 2023 - Jan 8, 2024
#11	-4.26% Sep 22, 2017 - Oct 2, 2017	-11.78% May 11, 2015 - Sep 11, 2015
#12	-3.25% Jul 27, 2017 - Aug 8, 2017	-11.38% Apr 13, 2021 - Oct 19, 2021
#13	-2.71% Jun 25, 2020 - Jun 30, 2020	-10.80% May 6, 2019 - Sep 20, 2019
#14	-2.48% Aug 14, 2017 - Aug 18, 2017	-9.06% Jun 23, 2017 - Sep 6, 2017
#15	-2.13% Aug 30, 2017 - Sep 11, 2017	-8.21% Jun 18, 2013 - Jun 28, 2013

Correlation

Correlation between MRSN and WHF is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.53

-101