First High Yield Opportunities 2027 Term Fund (FTHY) vs Nuveen Churchill Direct Lending (NCDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
First High Yield Opportunities 2027 Term Fund (FTHY) has outperformed Nuveen Churchill Direct Lending (NCDL) over the past year, losing 11.2% versus a loss of 20.3%. Nuveen Churchill Direct Lending is the larger company by market cap ($537.8 million vs $467.8 million), about 1.1 times the size. On valuation, Nuveen Churchill Direct Lending trades at a lower trailing P/E (11.5x vs 18.4x for First High Yield Opportunities 2027 Term Fund).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FTHY | NCDL |
|---|---|---|
| Share price | $12.72 | $10.89 |
| Market cap | $467.75M | $537.83M |
| 1-day change | +0.16% | +1.87% |
| YTD return | -9.59% | -18.37% |
| 1-year return | -11.17% | -20.28% |
| 5-year return | -38.90% | — |
| P/E ratio (TTM) | 18.43 | 11.46 |
| Forward P/E | — | 7.09 |
| EPS (TTM) | $0.69 | $0.95 |
| Dividend yield | 11.79% | 13.96% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $14.42 | $15.07 |
| 52-week low | $12.54 | $10.54 |
| Distance from 52-week high | -11.79% | -27.74% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +25.80% |
| Average volume | 106.56K | 199.96K |
| Shares outstanding | 36.77M | 49.39M |
| Sector | Finance | Financial Services |
| Industry | Investment Managers | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- First High Yield Opportunities 2027 Term Fund trades at a higher earnings multiple (18.4x vs 11.5x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (13.96% vs 11.79%).
- The two companies sit in different sectors: First High Yield Opportunities 2027 Term Fund in Finance and Nuveen Churchill Direct Lending in Financial Services.
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
FTHY vs NCDL FAQ
Which is bigger, First High Yield Opportunities 2027 Term Fund or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending (NCDL) is larger, with a market capitalization of $537.83M compared with $467.75M for First High Yield Opportunities 2027 Term Fund (FTHY).
Which stock has performed better over the past year, FTHY or NCDL?
FTHY returned -11.17% over the past 12 months, compared with -20.28% for NCDL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FTHY or NCDL?
NCDL has the lower trailing P/E at 11.5, versus 18.4 for FTHY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First High Yield Opportunities 2027 Term Fund or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending has the higher yield at 13.96%, compared with 11.79% for First High Yield Opportunities 2027 Term Fund.
Are First High Yield Opportunities 2027 Term Fund and Nuveen Churchill Direct Lending in the same industry?
No. First High Yield Opportunities 2027 Term Fund is in the Finance sector, while Nuveen Churchill Direct Lending is in Financial Services.