GRI vs OBDC: Correlation
GRI Bio, Inc. (GRI) and Blue Owl Capital Corporation (OBDC) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRI and OBDC?
Over the past 3 years, GRI and OBDC moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 821.1 %².
In GRI's tracked universe of 10 assets, OBDC sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months OBDC outperformed by 84.5 percentage points (-94.8% for GRI against -10.3% for OBDC). Note the risk asymmetry: GRI runs 6.6 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.
GRI vs OBDC: side by side
| GRI (GRI Bio, Inc.) | OBDC (Blue Owl Capital Corporation) | |
|---|---|---|
| 1-year return | -94.8% | -10.3% |
| 5-year return | -100.0% | +34.0% |
| Volatility (ann.) | 125.8% | 19.2% |
| Beta vs S&P 500 | 1.92 | 0.71 |
| Max drawdown (3Y) | -100.0% | -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 | GRI | OBDC |
|---|---|---|
| 2022 | -95.2% | -9.5% |
| 2023 | -95.6% | +43.5% |
| 2024 | -97.6% | +14.7% |
| 2025 | -98.2% | -7.9% |
| 2026 | -70.1% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRI and OBDC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRI and OBDC?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.32 over the last year and 0.15 over 5 years.
Is OBDC a good diversifier for GRI?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/gri-vs-obdc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gri-vs-obdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRI correlations · OBDC correlations
