BRAG vs OBDC: Correlation
Measured on weekly returns over the past three years, Bragg Gaming Group Inc. (BRAG) and Blue Owl Capital Corporation (OBDC) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRAG and OBDC?
Across a 3-year window, the weekly returns of BRAG and OBDC correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.26, with an annualized covariance of 456.6 %².
OBDC is one of the assets that tracks BRAG most closely: it ranks #2 out of the 10 assets we track against BRAG. Their recent paths diverged sharply: over the last 12 months OBDC outperformed by 37.3 percentage points (-47.6% for BRAG against -10.3% for OBDC). Note the risk asymmetry: BRAG runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BRAG vs OBDC: side by side
| BRAG (Bragg Gaming Group Inc.) | OBDC (Blue Owl Capital Corporation) | |
|---|---|---|
| 1-year return | -47.6% | -10.3% |
| 5-year return | -87.1% | +34.0% |
| Volatility (ann.) | 62.2% | 19.2% |
| Beta vs S&P 500 | 1.20 | 0.71 |
| Max drawdown (3Y) | -78.8% | -23.9% |
| Market cap | – | $5.6B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 12.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRAG | OBDC |
|---|---|---|
| 2022 | -23.5% | -9.5% |
| 2023 | +31.2% | +43.5% |
| 2024 | -26.7% | +14.7% |
| 2025 | -43.2% | -7.9% |
| 2026 | -31.4% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRAG and OBDC good diversifiers for each other?
Reasonably. At 0.38, BRAG and OBDC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRAG and OBDC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.29 over the last year and 0.26 over 5 years.
Is OBDC a good diversifier for BRAG?
Reasonably. At 0.38, BRAG and OBDC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/brag-vs-obdc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brag-vs-obdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRAG correlations · OBDC correlations
