PFLT vs SCM: Correlation
Measured on weekly returns over the past three years, PennantPark Floating Rate Capital Ltd. (PFLT) and Stellus Capital Investment Corporation (SCM) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFLT and SCM?
On 3 years of weekly data the PFLT/SCM correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.66 over 3. The 5-year figure is 0.62, and annualized covariance runs at 324.8 %².
By 3-year correlation, SCM places #6 of the 18 assets tracked against PFLT. Their recent paths diverged sharply: over the last 12 months PFLT outperformed by 16.7 percentage points (-16.0% for PFLT against -32.7% for SCM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PFLT vs SCM: side by side
| PFLT (PennantPark Floating Rate Capital Ltd.) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | -16.0% | -32.7% |
| 5-year return | +1.5% | +16.7% |
| Volatility (ann.) | 20.1% | 24.4% |
| Beta vs S&P 500 | 0.69 | 0.68 |
| Max drawdown (3Y) | -28.4% | -47.8% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | 14.6 | 8.4 |
| Dividend yield | 16.43% | 17.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFLT | SCM |
|---|---|---|
| 2022 | -5.5% | +12.9% |
| 2023 | +23.1% | +8.7% |
| 2024 | +0.7% | +20.3% |
| 2025 | -4.1% | +3.7% |
| 2026 | -12.0% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFLT and SCM good diversifiers for each other?
Only partially. A correlation of 0.66 means PFLT and SCM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PFLT and SCM?
As of 2026-08-27, the correlation of weekly returns between PFLT and SCM is 0.66 over 3 years, 0.62 over 1 year and 0.62 over 5 years.
Is SCM a good diversifier for PFLT?
Only partially. A correlation of 0.66 means PFLT and SCM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pflt-vs-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pflt-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PFLT correlations · SCM correlations
