OBDC vs PSBD: Correlation
Blue Owl Capital Corporation (OBDC) and Palmer Square Capital BDC Inc. (PSBD) 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 OBDC and PSBD?
Across a 3-year window, the weekly returns of OBDC and PSBD correlate at 0.55, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.55 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 192.9 %².
Within OBDC's tracked universe of 25 assets, PSBD comes in at #16 by 3-year correlation. Neither side won the trailing year by much: -10.3% against -14.3%.
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.
OBDC vs PSBD: side by side
| OBDC (Blue Owl Capital Corporation) | PSBD (Palmer Square Capital BDC Inc.) | |
|---|---|---|
| 1-year return | -10.3% | -14.3% |
| 5-year return | +34.0% | n/a |
| Volatility (ann.) | 19.2% | 17.8% |
| Beta vs S&P 500 | 0.71 | 0.46 |
| Max drawdown (3Y) | -23.9% | -28.9% |
| Market cap | $5.6B | $0.3B |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 12.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBDC | PSBD |
|---|---|---|
| 2022 | -9.5% | – |
| 2023 | +43.5% | – |
| 2024 | +14.7% | – |
| 2025 | -7.9% | -9.0% |
| 2026 | -3.4% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBDC and PSBD good diversifiers for each other?
Only partially. A correlation of 0.55 means OBDC and PSBD 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 OBDC and PSBD?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.67 over the last year and n/a over 5 years.
Is PSBD a good diversifier for OBDC?
Only partially. A correlation of 0.55 means OBDC and PSBD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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
$ curl https://www.pairbook.io/api/v1/pairs/obdc-vs-psbd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/obdc-vs-psbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OBDC correlations · PSBD correlations
