FDUS vs GLAD: Correlation
How closely do Fidus Investment Corporation - Closed End Fund (FDUS) and Gl (GLAD) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDUS and GLAD?
On 3 years of weekly data the FDUS/GLAD correlation comes out at 0.69, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.69 over 3. The 5-year figure is 0.66, and annualized covariance runs at 275.3 %².
By 3-year correlation, GLAD places #6 of the 21 assets tracked against FDUS. The last year tells two different stories: FDUS led by 20.4 percentage points, +3.7% for FDUS against -16.7% for GLAD.
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.
FDUS vs GLAD: side by side
| FDUS (Fidus Investment Corporation - Closed End Fund) | GLAD (Gl) | |
|---|---|---|
| 1-year return | +3.7% | -16.7% |
| 5-year return | +100.3% | +32.9% |
| Volatility (ann.) | 17.5% | 22.7% |
| Beta vs S&P 500 | 0.57 | 0.75 |
| Max drawdown (3Y) | -23.9% | -39.6% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 9.5 | 9.3 |
| Dividend yield | 8.73% | 9.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDUS | GLAD |
|---|---|---|
| 2022 | +17.1% | -10.4% |
| 2023 | +20.0% | +22.7% |
| 2024 | +20.5% | +47.0% |
| 2025 | +2.1% | -21.1% |
| 2026 | +8.9% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDUS and GLAD good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FDUS and GLAD?
The FDUS/GLAD correlation stands at 0.69 on a 3-year window (1 year: 0.67, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is GLAD a good diversifier for FDUS?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/fdus-vs-glad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdus-vs-glad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FDUS correlations · GLAD correlations
