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TSP vs GBDC: Dividend Comparison 2026

TSP yields 800.00% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 TSP wins by $2773875.61M in total portfolio value
10 years
TSP
TSP
● Live price
800.00%
Share price
$0.25
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$2773896.46M
Annual income
$2,226,430,694,490.38
Full TSP calculator →
GBDC
GBDC
● Live price
11.86%
Share price
$12.65
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.85M
Annual income
$16,450,733.83
Full GBDC calculator →

Portfolio growth — TSP vs GBDC

📍 TSP pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodTSPGBDC
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, TSP + GBDC cover 0 of 12 months — good coverage

Jan
—
Feb
—
Mar
—
Apr
—
May
—
Jun
—
Jul
—
Aug
—
Sep
—
Oct
—
Nov
—
Dec
—
TSP pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

TSP
Annual income on $10K today (after 15% tax)
$68,000.00/yr
After 10yr DRIP, annual income (after tax)
$1,892,466,090,316.82/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.91/yr
After 10yr DRIP, annual income (after tax)
$13,983,123.76/yr
At 15% tax rate, TSP beats the other by $1,892,452,107,193.07/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of TSP + GBDC for your $10,000?

TSP: 50%GBDC: 50%
100% GBDC50/50100% TSP
Portfolio after 10yr
$1386958.66M
Annual income
$1,113,223,572,612.11/yr
Blended yield
80.26%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TSP
Analyst Ratings
5
Buy
7
Hold
4
Sell
Consensus: Hold
Price Target
$33.60
+13340.0% upside vs current
Range: $11.00 — $55.00
Altman Z
-2.9
Piotroski
4/9
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.7% upside vs current
Range: $13.00 — $15.00
Altman Z
0.6
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

TSP buys
0
GBDC buys
0
No recent congressional trades found for TSP or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTSPGBDC
Forward yield800.00% ✓11.86%
Annual dividend / share$2.00 ✓$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1% ✓
Portfolio after 10y$2773896.46M ✓$20.85M
Annual income after 10y$2,226,430,694,490.38 ✓$16,450,733.83
Total dividends collected$2730603.49M ✓$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy
Analyst price target$33.60 ✓$14.00

Year-by-year: TSP vs GBDC ($10,000, DRIP)

YearTSP PortfolioTSP Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$90,700$80,000.00$12,492$1,791.70+$78.2K → TSP
2$775,180$678,130.84$16,527$3,160.58+$758.7K → TSP
3$6,246,019$5,416,576.76$23,588$5,904.90+$6.22M → TSP
4$47,472,138$40,788,897.61$37,141$11,901.65+$47.43M → TSP
5$340,525,323$289,730,135.14$66,205$26,463.38+$340.46M → TSP
6$2,306,680,888$1,942,318,792.24$137,452$66,612.65+$2306.54M → TSP
7$14,764,459,529$12,296,310,979.28$342,372$195,298.53+$14764.12M → TSP
8$89,354,478,583$73,556,506,887.09$1,053,292$686,954.33+$89353.43M → TSP
9$511,650,252,638$416,040,960,553.41$4,111,439$2,984,416.95+$511646.14M → TSP
10$2,773,896,464,813$2,226,430,694,490.38$20,849,974$16,450,733.83+$2773875.61M → TSP

TSP vs GBDC: Complete Analysis 2026

TSP — Stock

TuSimple Holdings Inc., an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology. Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high definition digital mapped routes, terminals, and TuSimple Connect, a cloud-based autonomous operations oversight system. The company was founded in 2015 and is headquartered in San Diego, California.

Full TSP Calculator →

GBDC — BDC

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Full GBDC Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.