GSBD vs TSLX: Correlation
Measured on weekly returns over the past three years, Goldman Sachs BDC, Inc. (GSBD) and Sixth Street Specialty Lending, Inc. (TSLX) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBD and TSLX?
Across a 3-year window, the weekly returns of GSBD and TSLX correlate at 0.75, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 322.2 %².
TSLX is one of the assets that tracks GSBD most closely: it ranks #2 out of the 17 assets we track against GSBD. Correlation aside, the last 12 months split them widely, with GSBD ahead by 19.3 points (+4.3% versus -15.0%).
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 TSLX: side by side
| GSBD (Goldman Sachs BDC, Inc.) | TSLX (Sixth Street Specialty Lending, Inc.) | |
|---|---|---|
| 1-year return | +4.3% | -15.0% |
| 5-year return | +1.8% | +35.2% |
| Volatility (ann.) | 20.9% | 20.5% |
| Beta vs S&P 500 | 0.62 | 0.60 |
| Max drawdown (3Y) | -29.6% | -29.0% |
| Market cap | $1.1B | $1.8B |
| P/E (trailing) | 19.1 | 19.9 |
| Dividend yield | 12.77% | 10.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBD | TSLX |
|---|---|---|
| 2022 | -20.1% | -16.4% |
| 2023 | +21.0% | +35.3% |
| 2024 | -6.2% | +8.8% |
| 2025 | -8.8% | +11.5% |
| 2026 | +17.4% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBD and TSLX good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GSBD and TSLX?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.74 over the last year and 0.75 over 5 years.
Is TSLX a good diversifier for GSBD?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/gsbd-vs-tslx/)
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Related comparisons
Hubs: GSBD correlations · TSLX correlations
