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PNNT vs SPY

Comparison between PennantPark Investment Corporation (PNNT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PNNT, delivering a return of +13.4% compared to +0.8%

PNNT vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
PNNT
$246M
Winner
SPY
$784B
Expense Ratio
PNNT
N/A
SPY
0.09%
Max Drawdown
PNNT
87.03%
Winner
SPY
56.47%
Sharpe Ratio
PNNT
-1.59
Winner
SPY
1.56
5Y Beta
Winner
PNNT
0.73
SPY
1.00
Industry
PNNT
Asset Management
SPY
N/A
P/E Ratio
Winner
PNNT
17.78
SPY
28.29
Forward P/E
Winner
PNNT
6.95
SPY
21.75
PEG Ratio
PNNT
0.28
SPY
N/A
Dividend Yield
PNNT
25.50%
SPY
N/A
5Y Dividends CAGR
Winner
PNNT
16.72%
SPY
5.43%
5Y EPS CAGR
PNNT
N/A
SPY
25.98%
Debt to Equity
Winner
PNNT
0.00%
SPY
30.79%
Free Cash Flow Yield
PNNT
46.68%
SPY
N/A
P/S Ratio
Winner
PNNT
2.26
SPY
3.79
P/B Ratio
Winner
PNNT
0.56
SPY
5.67

PNNT vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
PNNT
-8.29%
Winner
SPY
+0.48%
3M
PNNT
-12.65%
Winner
SPY
+11.67%
6M
PNNT
-27.72%
Winner
SPY
+9.42%
1Y
PNNT
-33.83%
Winner
SPY
+24.27%
5Y(CAGR)
PNNT
+0.84%
Winner
SPY
+13.36%
10Y(CAGR)
PNNT
+7.11%
Winner
SPY
+15.42%
Max(CAGR)
PNNT
+5.15%
Winner
SPY
+8.49%

PNNT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearPNNTSPY
2026-30.90%+8.88%
2025-3.12%+18.00%
2024+16.26%+25.59%
2023+37.58%+26.72%
2022-9.74%-18.64%
2021+66.05%+30.52%
2020-18.18%+17.28%
2019+9.64%+31.09%
2018+0.84%-5.24%
2017-1.73%+20.78%
2016+44.35%+13.59%
2015-26.62%+1.31%
2014-7.65%+14.56%
2013+14.63%+29.00%
2012+18.15%+14.17%
2011-10.76%+0.85%
2010+47.17%+13.14%
2009+170.84%+22.67%
2008-59.20%-36.25%
2007-27.00%+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

PNNT vs SPY Drawdown Comparison

The maximum drawdown for PNNT was -82.20%, occurring on Nov 20, 2008. Recovery took 678 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PNNT drawdown is -40.29%. The current SPY drawdown is -2.35%.

RankPNNTSPY
#1-82.20%
Jun 13, 2007 - Feb 22, 2010		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-68.90%
Feb 7, 2020 - Feb 22, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-49.35%
Sep 2, 2014 - Feb 10, 2017		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-42.62%
Jul 25, 2025 - May 21, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-33.33%
Apr 1, 2022 - Aug 10, 2023		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-29.19%
Feb 7, 2011 - Sep 14, 2012		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-23.82%
Apr 26, 2010 - Nov 1, 2010		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-17.92%
Mar 26, 2025 - Jul 3, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-17.77%
Mar 2, 2017 - Jul 19, 2018		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-15.37%
Sep 4, 2018 - Jan 15, 2020		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-15.18%
Jul 8, 2024 - Feb 28, 2025		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-12.10%
Jun 14, 2021 - Nov 19, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-11.46%
Mar 15, 2013 - Jul 12, 2013		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-10.96%
Sep 20, 2012 - Jan 2, 2013		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-10.78%
Mar 15, 2021 - Apr 8, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PNNT and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91
-101

Dividend Comparison (1999 - 2026)

PNNT vs SPY dividend yield comparison.

YearPNNTSPY
202610.39%0.24%
202516.11%1.07%
202412.85%1.21%
202311.65%1.40%
202210.43%1.65%
20216.93%1.20%
202011.71%1.52%
201911.03%1.75%
201811.30%2.04%
201710.42%1.80%
201614.62%2.03%
201518.12%2.06%
201411.75%1.87%
20139.66%1.81%
201210.19%2.18%
201110.80%2.05%
20108.49%1.80%
200910.87%1.95%
200825.48%3.02%
20075.79%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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