FDUS vs OXSQ: Correlation
Fidus Investment Corporation - Closed End Fund (FDUS) and Oxford Square Capital Corp. - Closed End Fund (OXSQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDUS and OXSQ?
Across a 3-year window, the weekly returns of FDUS and OXSQ correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 164.6 %².
OXSQ is close to the least connected end of FDUS's tracked universe, ranking #17 of 21. Their recent paths diverged sharply: over the last 12 months FDUS outperformed by 24.6 percentage points (+3.7% for FDUS against -20.9% for OXSQ).
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 OXSQ: side by side
| FDUS (Fidus Investment Corporation - Closed End Fund) | OXSQ (Oxford Square Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +3.7% | -20.9% |
| 5-year return | +100.3% | -29.3% |
| Volatility (ann.) | 17.5% | 26.1% |
| Beta vs S&P 500 | 0.57 | 0.39 |
| Max drawdown (3Y) | -23.9% | -46.0% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 8.73% | 31.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDUS | OXSQ |
|---|---|---|
| 2022 | +17.1% | -14.4% |
| 2023 | +20.0% | +9.2% |
| 2024 | +20.5% | -1.9% |
| 2025 | +2.1% | -13.3% |
| 2026 | +8.9% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDUS and OXSQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FDUS and OXSQ?
The FDUS/OXSQ correlation stands at 0.36 on a 3-year window (1 year: 0.39, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is OXSQ a good diversifier for FDUS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fdus-vs-oxsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdus-vs-oxsq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FDUS correlations · OXSQ correlations
