Oxford Lane Capital (OXLC) is having a good year as it continues beating the S&P 500 index. Its stock has risen by 7.49% while the S&P 500 index has jumped by 18.13%. However, on a total return basis, which includes dividends, it has jumped by 21% while the index is up by 18%. In the long-term, however, OXLC has severely underperformed the market despite its high yield. For example, in the last five years, its stock has crashed by 46% while the S&P 500 index is up by 97.9%. Its total return has been 25% compared to the SPY ETF’s 113%. Comparing any asset to the S&P 500 is a good way that inves…