GSBD vs RC: Correlation
Goldman Sachs BDC, Inc. (GSBD) and Ready Capital Corporation (RC) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBD and RC?
Across a 3-year window, the weekly returns of GSBD and RC correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 441.1 %².
By 3-year correlation, RC places #9 of the 17 assets tracked against GSBD. Correlation aside, the last 12 months split them widely, with GSBD ahead by 58.3 points (+4.3% versus -54.0%). One caveat on sizing: RC is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RC: side by side
| GSBD (Goldman Sachs BDC, Inc.) | RC (Ready Capital Corporation) | |
|---|---|---|
| 1-year return | +4.3% | -54.0% |
| 5-year return | +1.8% | -78.5% |
| Volatility (ann.) | 20.9% | 38.3% |
| Beta vs S&P 500 | 0.62 | 1.11 |
| Max drawdown (3Y) | -29.6% | -83.7% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 12.77% | 8.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBD | RC |
|---|---|---|
| 2022 | -20.1% | -18.3% |
| 2023 | +21.0% | +5.9% |
| 2024 | -6.2% | -23.5% |
| 2025 | -8.8% | -65.0% |
| 2026 | +17.4% | -14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBD and RC good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GSBD and RC?
The GSBD/RC correlation stands at 0.55 on a 3-year window (1 year: 0.64, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is RC a good diversifier for GSBD?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-rc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gsbd-vs-rc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GSBD correlations · RC correlations
