BCSF vs OBDC: Correlation
Measured on weekly returns over the past three years, Bain Capital Specialty Finance, Inc. (BCSF) and Blue Owl Capital Corporation (OBDC) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCSF and OBDC?
Across a 3-year window, the weekly returns of BCSF and OBDC correlate at 0.74, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 269.4 %².
In BCSF's tracked universe of 15 assets, OBDC sits right near the top at #3. Twelve-month performance is nearly a tie, at -12.0% for BCSF and -10.3% for OBDC.
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.
BCSF vs OBDC: side by side
| BCSF (Bain Capital Specialty Finance, Inc.) | OBDC (Blue Owl Capital Corporation) | |
|---|---|---|
| 1-year return | -12.0% | -10.3% |
| 5-year return | +39.1% | +34.0% |
| Volatility (ann.) | 18.9% | 19.2% |
| Beta vs S&P 500 | 0.60 | 0.71 |
| Max drawdown (3Y) | -26.4% | -23.9% |
| Market cap | $0.8B | $5.6B |
| P/E (trailing) | 12.0 | 20.1 |
| Dividend yield | 14.12% | 12.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCSF | OBDC |
|---|---|---|
| 2022 | -13.3% | -9.5% |
| 2023 | +42.0% | +43.5% |
| 2024 | +29.5% | +14.7% |
| 2025 | -9.6% | -7.9% |
| 2026 | -8.5% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCSF and OBDC good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCSF and OBDC?
As of 2026-08-27, the correlation of weekly returns between BCSF and OBDC is 0.74 over 3 years, 0.78 over 1 year and 0.75 over 5 years.
Is OBDC a good diversifier for BCSF?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcsf-vs-obdc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcsf-vs-obdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCSF correlations · OBDC correlations
