Performance analysis of Saratoga Investment (SAY)
Annual Return
Over the past 3 years, SAY has had an average annual return of +9.54%, underperforming the benchmark SPY, which returned +22.45% annual.
Since Dec 16, 2022, SAY has had an average annual return of +9.01%, underperforming the benchmark SPY, which returned +23.06% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +3.94% | +8.33% | +8.48% | +9.58% | +0.77% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.26% | +0.11% | -0.08% | +1.38% | +1.16% | +0.05% | +3.94% | ||||||
| 2025 | +0.58% | +1.22% | +0.59% | -0.20% | +1.24% | +0.97% | +0.62% | +1.77% | -1.08% | +0.85% | +1.33% | +0.15% | +8.33% |
| 2024 | +0.76% | +0.81% | -0.04% | +0.52% | +1.30% | +0.04% | +0.78% | +1.44% | +0.89% | -0.09% | +1.74% | +0.04% | +8.48% |
| 2023 | +1.83% | +1.33% | -1.51% | +1.04% | -1.01% | +2.41% | +0.60% | +1.44% | +0.32% | -0.32% | +2.05% | +1.08% | +9.58% |
| 2022 | +0.77% | +0.77% |
Drawdown analysis of Saratoga Investment (SAY)
The maximum drawdown for the SAY was -2.96%, occurring on May 16, 2023. Recovery took 22 trading sessions.
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.96% | Mar 9, 2023 | 47 | May 16, 2023 | 22 | Jun 16, 2023 | 69 |
| -1.29% | Mar 19, 2026 | 6 | Mar 27, 2026 | 20 | Apr 27, 2026 | 26 |
| -1.25% | Jan 18, 2024 | 7 | Jan 29, 2024 | 12 | Feb 14, 2024 | 19 |
| -1.20% | Oct 10, 2023 | 14 | Oct 30, 2023 | 6 | Nov 7, 2023 | 20 |
| -1.17% | Aug 29, 2025 | 20 | Sep 29, 2025 | 26 | Nov 4, 2025 | 46 |
| -1.17% | Mar 21, 2025 | 14 | Apr 10, 2025 | 8 | Apr 23, 2025 | 22 |
| -0.95% | Sep 12, 2024 | 11 | Sep 27, 2024 | 32 | Nov 12, 2024 | 43 |
| -0.85% | Jan 28, 2026 | 6 | Feb 5, 2026 | 29 | Mar 19, 2026 | 35 |
| -0.82% | Apr 9, 2024 | 12 | Apr 25, 2024 | 5 | May 2, 2024 | 17 |
| -0.79% | Feb 27, 2024 | 9 | Mar 11, 2024 | 16 | Apr 3, 2024 | 25 |
| -0.76% | Aug 23, 2023 | 9 | Sep 6, 2023 | 3 | Sep 11, 2023 | 12 |
| -0.75% | Dec 27, 2023 | 3 | Jan 2, 2024 | 1 | Jan 3, 2024 | 4 |
| -0.72% | Jul 3, 2023 | 8 | Jul 14, 2023 | 6 | Jul 24, 2023 | 14 |
| -0.72% | May 16, 2025 | 1 | May 19, 2025 | 11 | Jun 4, 2025 | 12 |
| -0.71% | Nov 29, 2024 | 10 | Dec 13, 2024 | 5 | Dec 20, 2024 | 15 |
| -0.69% | Nov 7, 2023 | 2 | Nov 9, 2023 | 1 | Nov 10, 2023 | 3 |
| -0.69% | Jun 26, 2025 | 6 | Jul 7, 2025 | 3 | Jul 10, 2025 | 9 |
| -0.69% | Jun 5, 2024 | 5 | Jun 12, 2024 | 21 | Jul 15, 2024 | 26 |
| -0.68% | Sep 11, 2023 | 2 | Sep 13, 2023 | 5 | Sep 20, 2023 | 7 |
| -0.67% | Jan 20, 2023 | 3 | Jan 25, 2023 | 1 | Jan 26, 2023 | 4 |
| -0.67% | May 5, 2025 | 1 | May 6, 2025 | 2 | May 8, 2025 | 3 |
| -0.64% | Sep 22, 2023 | 1 | Sep 25, 2023 | 10 | Oct 9, 2023 | 11 |
| -0.64% | Nov 20, 2023 | 3 | Nov 24, 2023 | 5 | Dec 1, 2023 | 8 |
| -0.59% | Nov 14, 2025 | 5 | Nov 21, 2025 | 9 | Dec 5, 2025 | 14 |
| -0.56% | Dec 1, 2023 | 3 | Dec 6, 2023 | 8 | Dec 18, 2023 | 11 |