GLAD vs SCM: Correlation
How closely do Gl (GLAD) and Stellus Capital Investment Corporation (SCM) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAD and SCM?
Over the past 3 years, GLAD and SCM moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 366.7 %².
Among the 15 assets we track against GLAD, SCM ranks #6 by 3-year correlation. The last year tells two different stories: GLAD led by 16.0 percentage points, -16.7% for GLAD against -32.7% for SCM.
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 SCM: side by side
| GLAD (Gl) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | -16.7% | -32.7% |
| 5-year return | +32.9% | +16.7% |
| Volatility (ann.) | 22.7% | 24.4% |
| Beta vs S&P 500 | 0.75 | 0.68 |
| Max drawdown (3Y) | -39.6% | -47.8% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | 9.3 | 8.4 |
| Dividend yield | 9.35% | 17.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAD | SCM |
|---|---|---|
| 2022 | -10.4% | +12.9% |
| 2023 | +22.7% | +8.7% |
| 2024 | +47.0% | +20.3% |
| 2025 | -21.1% | +3.7% |
| 2026 | +2.4% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAD and SCM good diversifiers for each other?
To a limited degree. At 0.66 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 GLAD and SCM?
As of 2026-08-27, the correlation of weekly returns between GLAD and SCM is 0.66 over 3 years, 0.66 over 1 year and 0.62 over 5 years.
Is SCM a good diversifier for GLAD?
To a limited degree. At 0.66 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 0.66 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/glad-vs-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glad-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLAD correlations · SCM correlations
