GSBD vs OBDC: Correlation
Goldman Sachs BDC, Inc. (GSBD) and Blue Owl Capital Corporation (OBDC) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBD and OBDC?
Over the past 3 years, GSBD and OBDC moved with a correlation of 0.74, which is strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 297.9 %².
By 3-year correlation, OBDC places #4 of the 17 assets tracked against GSBD. On 12-month performance GSBD holds a 14.6-point edge, +4.3% 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.
GSBD vs OBDC: side by side
| GSBD (Goldman Sachs BDC, Inc.) | OBDC (Blue Owl Capital Corporation) | |
|---|---|---|
| 1-year return | +4.3% | -10.3% |
| 5-year return | +1.8% | +34.0% |
| Volatility (ann.) | 20.9% | 19.2% |
| Beta vs S&P 500 | 0.62 | 0.71 |
| Max drawdown (3Y) | -29.6% | -23.9% |
| Market cap | $1.1B | $5.6B |
| P/E (trailing) | 19.1 | 20.1 |
| Dividend yield | 12.77% | 12.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBD | OBDC |
|---|---|---|
| 2022 | -20.1% | -9.5% |
| 2023 | +21.0% | +43.5% |
| 2024 | -6.2% | +14.7% |
| 2025 | -8.8% | -7.9% |
| 2026 | +17.4% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBD and OBDC good diversifiers for each other?
To a limited degree. At 0.74 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 GSBD and OBDC?
The GSBD/OBDC correlation stands at 0.74 on a 3-year window (1 year: 0.73, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is OBDC a good diversifier for GSBD?
To a limited degree. At 0.74 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 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gsbd-vs-obdc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gsbd-vs-obdc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GSBD correlations · OBDC correlations
