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TCPC vs SPY

Comparison between BlackRock TCP Capital Corp (TCPC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed TCPC, delivering a return of +12.4% compared to -14.8%

TCPC vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
TCPC
$268M
Winner
SPY
$781B
Expense Ratio
TCPC
N/A
SPY
0.09%
Max Drawdown
TCPC
82.91%
Winner
SPY
56.47%
Sharpe Ratio
TCPC
-1.91
Winner
SPY
1.06
5Y Beta
Winner
TCPC
0.79
SPY
1.00
Industry
TCPC
Asset Management
SPY
N/A
P/E Ratio
Winner
TCPC
-2.14
SPY
28.53
Forward P/E
Winner
TCPC
7.43
SPY
21.48
PEG Ratio
TCPC
-0.01
SPY
N/A
Dividend Yield
TCPC
29.40%
SPY
N/A
5Y Dividends CAGR
TCPC
-0.51%
Winner
SPY
6.00%
5Y EPS CAGR
TCPC
N/A
SPY
25.58%
Debt to Equity
TCPC
163.83%
Winner
SPY
32.09%
Free Cash Flow Yield
TCPC
97.54%
SPY
N/A
P/S Ratio
Winner
TCPC
1.42
SPY
3.75
P/B Ratio
Winner
TCPC
0.48
SPY
5.64

TCPC vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
TCPC
-0.32%
Winner
SPY
+0.78%
3M
TCPC
-19.94%
Winner
SPY
+3.76%
6M
TCPC
-40.72%
Winner
SPY
+7.78%
1Y
TCPC
-50.23%
Winner
SPY
+17.76%
5Y(CAGR)
TCPC
-14.76%
Winner
SPY
+12.44%
10Y(CAGR)
TCPC
-3.87%
Winner
SPY
+14.90%
Max(CAGR)
TCPC
+0.59%
Winner
SPY
+8.44%

TCPC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearTCPCSPY
2026-37.41%+8.74%
2025-27.56%+18.00%
2024-12.65%+25.59%
2023+2.43%+26.72%
2022+5.01%-18.64%
2021+32.17%+30.52%
2020-8.06%+17.28%
2019+17.63%+31.09%
2018-6.11%-5.24%
2017-1.05%+20.78%
2016+30.31%+13.59%
2015-8.79%+1.31%
2014+9.94%+14.56%
2013+24.80%+29.00%
2012+8.99%+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+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%

TCPC vs SPY Drawdown Comparison

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

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

The current TCPC drawdown is -60.40%. The current SPY drawdown is -2.47%.

RankTCPCSPY
#1-68.74%
Feb 20, 2020 - Feb 26, 2021		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-60.78%
Jan 10, 2024 - Jul 23, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-25.96%
Aug 16, 2022 - Aug 4, 2023		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-22.34%
Jun 26, 2014 - Jun 30, 2016		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-16.63%
Aug 4, 2023 - Dec 14, 2023		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-15.32%
Apr 1, 2022 - Aug 11, 2022		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-13.49%
Oct 5, 2017 - Feb 22, 2019		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-10.77%
Jul 15, 2013 - Oct 17, 2013		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-10.14%
Feb 21, 2014 - Jun 13, 2014		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-9.55%
Jun 19, 2019 - Nov 7, 2019		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.80%
Oct 21, 2021 - Mar 3, 2022		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-7.64%
Sep 28, 2012 - Feb 28, 2013		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-7.12%
Mar 15, 2013 - May 20, 2013		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.90%
Jun 8, 2021 - Oct 21, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-6.82%
Mar 31, 2017 - Oct 5, 2017		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TCPC and SPY is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53
-101

Dividend Comparison (1999 - 2026)

TCPC vs SPY dividend yield comparison.

YearTCPCSPY
202610.76%0.50%
202520.48%1.07%
202416.76%1.21%
202314.64%1.40%
20229.81%1.65%
20218.88%1.20%
202011.74%1.52%
201910.25%1.75%
201811.04%2.04%
20179.42%1.80%
20168.52%2.03%
201510.34%2.06%
20149.18%1.87%
20139.12%1.81%
20127.39%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%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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