GSBD vs SOPH: Correlation
Measured on weekly returns over the past three years, Goldman Sachs BDC, Inc. (GSBD) and SOPHiA GENETICS SA (SOPH) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBD and SOPH?
Across a 3-year window, the weekly returns of GSBD and SOPH correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.27, with an annualized covariance of 538.6 %².
Within GSBD's tracked universe of 17 assets, SOPH comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOPH outperformed by 163.6 percentage points (+4.3% for GSBD against +167.9% for SOPH). Risk is not evenly split, since SOPH carries 2.9 times the volatility of the other side.
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 SOPH: side by side
| GSBD (Goldman Sachs BDC, Inc.) | SOPH (SOPHiA GENETICS SA) | |
|---|---|---|
| 1-year return | +4.3% | +167.9% |
| 5-year return | +1.8% | -54.1% |
| Volatility (ann.) | 20.9% | 60.0% |
| Beta vs S&P 500 | 0.62 | 1.16 |
| Max drawdown (3Y) | -29.6% | -52.7% |
| Market cap | $1.1B | $0.8B |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 12.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBD | SOPH |
|---|---|---|
| 2022 | -20.1% | -85.4% |
| 2023 | +21.0% | +128.6% |
| 2024 | -6.2% | -34.8% |
| 2025 | -8.8% | +52.1% |
| 2026 | +17.4% | +91.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBD and SOPH good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GSBD and SOPH?
As of 2026-08-27, the correlation of weekly returns between GSBD and SOPH is 0.43 over 3 years, 0.44 over 1 year and 0.27 over 5 years.
Is SOPH a good diversifier for GSBD?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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
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Related comparisons
Hubs: GSBD correlations · SOPH correlations
