GLAD vs OBDC: Correlation
Measured on weekly returns over the past three years, Gl (GLAD) and Blue Owl Capital Corporation (OBDC) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAD and OBDC?
On 3 years of weekly data the GLAD/OBDC correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 303.2 %².
Few assets follow GLAD as closely as OBDC, which ranks #3 of 15 tracked partners. On 12-month performance OBDC holds a 6.4-point edge, -16.7% against -10.3%.
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.
GLAD vs OBDC: side by side
| GLAD (Gl) | OBDC (Blue Owl Capital Corporation) | |
|---|---|---|
| 1-year return | -16.7% | -10.3% |
| 5-year return | +32.9% | +34.0% |
| Volatility (ann.) | 22.7% | 19.2% |
| Beta vs S&P 500 | 0.75 | 0.71 |
| Max drawdown (3Y) | -39.6% | -23.9% |
| Market cap | $0.4B | $5.6B |
| P/E (trailing) | 9.3 | 20.1 |
| Dividend yield | 9.35% | 12.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAD | OBDC |
|---|---|---|
| 2022 | -10.4% | -9.5% |
| 2023 | +22.7% | +43.5% |
| 2024 | +47.0% | +14.7% |
| 2025 | -21.1% | -7.9% |
| 2026 | +2.4% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAD and OBDC good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GLAD and OBDC?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.71 over the last year and 0.65 over 5 years.
Is OBDC a good diversifier for GLAD?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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/glad-vs-obdc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glad-vs-obdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLAD correlations · OBDC correlations
