GSBD vs OCSL: Correlation
Goldman Sachs BDC, Inc. (GSBD) and Oaktree Specialty Lending Corporation - Closed End Fund (OCSL) 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 OCSL?
Across a 3-year window, the weekly returns of GSBD and OCSL correlate at 0.74, strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 333.8 %².
Among the 17 assets we track against GSBD, OCSL ranks #5 by 3-year correlation. Neither side won the trailing year by much: +4.3% against +5.4%.
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 OCSL: side by side
| GSBD (Goldman Sachs BDC, Inc.) | OCSL (Oaktree Specialty Lending Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | +4.3% | +5.4% |
| 5-year return | +1.8% | +5.8% |
| Volatility (ann.) | 20.9% | 21.7% |
| Beta vs S&P 500 | 0.62 | 0.62 |
| Max drawdown (3Y) | -29.6% | -34.2% |
| Market cap | $1.1B | $1.1B |
| P/E (trailing) | 19.1 | 27.0 |
| Dividend yield | 12.77% | 11.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBD | OCSL |
|---|---|---|
| 2022 | -20.1% | +3.7% |
| 2023 | +21.0% | +11.3% |
| 2024 | -6.2% | -15.1% |
| 2025 | -8.8% | -6.1% |
| 2026 | +17.4% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBD and OCSL good diversifiers for each other?
Only partially. A correlation of 0.74 means GSBD and OCSL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GSBD and OCSL?
As of 2026-08-27, the correlation of weekly returns between GSBD and OCSL is 0.74 over 3 years, 0.76 over 1 year and 0.72 over 5 years.
Is OCSL a good diversifier for GSBD?
Only partially. A correlation of 0.74 means GSBD and OCSL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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-ocsl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gsbd-vs-ocsl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GSBD correlations · OCSL correlations
