TCPC vs CLW

Comparison between BlackRock TCP Capital Corp (TCPC, Company) and Clearwater Paper Corp (CLW, Company).

TCPC is from the Financial Services sector, while CLW is from the Basic Materials sector.

5-Year PerformanceCLW has outperformed TCPC, delivering a return of -10.4% compared to -14.8%

TCPC vs CLW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TCPC(COMPANY)	CLW(COMPANY)
Market Cap	$268M	$267M
Max Drawdown	82.91%	83.48%
Sharpe Ratio	-1.91	-0.93
5Y Beta	0.79	0.96
Industry	Asset Management	Paper & Paper Products
P/E Ratio	-2.14	-3.85
Forward P/E	7.43	10.91
PEG Ratio	-0.01	3.21
Dividend Yield	29.40%	N/A
5Y Dividends CAGR	-0.51%	N/A
Debt to Equity	163.83%	44.37%
Free Cash Flow Yield	97.54%	-20.17%
P/S Ratio	1.42	0.17
P/B Ratio	0.48	0.33

Market Cap

Winner

TCPC

$268M

CLW

$267M

Max Drawdown

Winner

TCPC

82.91%

CLW

83.48%

Sharpe Ratio

TCPC

-1.91

Winner

CLW

-0.93

5Y Beta

Winner

TCPC

0.79

CLW

0.96

Industry

TCPC

Asset Management

CLW

Paper & Paper Products

P/E Ratio

TCPC

-2.14

Winner

CLW

-3.85

Forward P/E

Winner

TCPC

7.43

CLW

10.91

PEG Ratio

Winner

TCPC

-0.01

CLW

3.21

Dividend Yield

TCPC

29.40%

CLW

N/A

5Y Dividends CAGR

TCPC

-0.51%

CLW

N/A

Debt to Equity

TCPC

163.83%

Winner

CLW

44.37%

Free Cash Flow Yield

Winner

TCPC

97.54%

CLW

-20.17%

P/S Ratio

TCPC

1.42

Winner

CLW

0.17

P/B Ratio

TCPC

0.48

Winner

CLW

0.33

TCPC vs CLW - Historical Returns

Returns include dividend reinvestment.

Period	TCPC	CLW
1 month	-0.32%	+0.00%
3 months	-19.94%	+14.97%
6 months	-40.72%	-8.69%
1 year	-50.23%	-43.73%
5 years(CAGR)	-14.76%	-10.40%
10 years(CAGR)	-3.87%	-12.23%
Max(CAGR)	+0.59%	+2.31%

TCPC

-0.32%

Winner

CLW

+0.00%

TCPC

-19.94%

Winner

CLW

+14.97%

TCPC

-40.72%

Winner

CLW

-8.69%

TCPC

-50.23%

Winner

CLW

-43.73%

5Y(CAGR)

TCPC

-14.76%

Winner

CLW

-10.40%

10Y(CAGR)

Winner

TCPC

-3.87%

CLW

-12.23%

Max(CAGR)

TCPC

+0.59%

Winner

CLW

+2.31%

TCPC vs CLW - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	TCPC	CLW
2026	-37.41%	-4.97%
2025	-27.56%	-41.04%
2024	-12.65%	-18.64%
2023	+2.43%	-2.01%
2022	+5.01%	+2.13%
2021	+32.17%	-4.68%
2020	-8.06%	+79.76%
2019	+17.63%	-16.20%
2018	-6.11%	-47.25%
2017	-1.05%	-31.78%
2016	+30.31%	+45.34%
2015	-8.79%	-35.15%
2014	+9.94%	+30.50%
2013	+24.80%	+31.09%
2012	+8.99%	+7.76%
2011	N/A	-12.34%
2010	N/A	+44.15%
2009	N/A	+463.79%
2008	N/A	-62.71%

TCPC vs CLW Drawdown Comparison

The maximum drawdown for TCPC was -68.74%, occurring on Mar 18, 2020. Recovery took 257 trading sessions.

The maximum drawdown for CLW was -83.48%, occurring on Mar 20, 2026. This drawdown has not yet recovered.

The current TCPC drawdown is -60.40%. The current CLW drawdown is -77.66%.

Rank	TCPC	CLW
#1	-68.74% Feb 20, 2020 - Feb 26, 2021	-83.48% Jan 29, 2015 - Mar 20, 2026
#2	-60.78% Jan 10, 2024 - Jul 23, 2026	-72.40% Dec 5, 2008 - May 19, 2009
#3	-25.96% Aug 16, 2022 - Aug 4, 2023	-29.30% Nov 11, 2010 - Oct 18, 2012
#4	-22.34% Jun 26, 2014 - Jun 30, 2016	-25.43% Dec 18, 2009 - Apr 29, 2010
#5	-16.63% Aug 4, 2023 - Dec 14, 2023	-21.01% May 12, 2010 - Aug 6, 2010
#6	-15.32% Apr 1, 2022 - Aug 11, 2022	-19.11% Aug 13, 2009 - Oct 21, 2009
#7	-13.49% Oct 5, 2017 - Feb 22, 2019	-16.57% Sep 8, 2014 - Jan 8, 2015
#8	-10.77% Jul 15, 2013 - Oct 17, 2013	-15.51% Mar 26, 2013 - Nov 29, 2013
#9	-10.14% Feb 21, 2014 - Jun 13, 2014	-15.24% May 19, 2009 - Jun 1, 2009
#10	-9.55% Jun 19, 2019 - Nov 7, 2019	-11.67% Feb 18, 2014 - Jul 25, 2014
#11	-7.80% Oct 21, 2021 - Mar 3, 2022	-11.00% Oct 18, 2012 - Jan 17, 2013
#12	-7.64% Sep 28, 2012 - Feb 28, 2013	-9.06% Oct 22, 2009 - Nov 10, 2009
#13	-7.12% Mar 15, 2013 - May 20, 2013	-7.29% Jun 12, 2009 - Jul 13, 2009
#14	-6.90% Jun 8, 2021 - Oct 21, 2021	-7.04% Aug 4, 2009 - Aug 10, 2009
#15	-6.82% Mar 31, 2017 - Oct 5, 2017	-6.38% May 3, 2010 - May 12, 2010