OBDC vs SLRC: Correlation
How closely do Blue Owl Capital Corporation (OBDC) and SLR Investment Corp. - Closed End Fund (SLRC) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBDC and SLRC?
Over the past 3 years, OBDC and SLRC moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 254.4 %².
By 3-year correlation, SLRC places #13 of the 25 assets tracked against OBDC. On 12-month performance OBDC holds a 5.4-point edge, -10.3% against -15.7%.
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 SLRC: side by side
| OBDC (Blue Owl Capital Corporation) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -10.3% | -15.7% |
| 5-year return | +34.0% | +11.2% |
| Volatility (ann.) | 19.2% | 19.4% |
| Beta vs S&P 500 | 0.71 | 0.56 |
| Max drawdown (3Y) | -23.9% | -22.4% |
| Market cap | $5.6B | $0.7B |
| P/E (trailing) | 20.1 | 9.2 |
| Dividend yield | 12.62% | 12.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBDC | SLRC |
|---|---|---|
| 2022 | -9.5% | -16.1% |
| 2023 | +43.5% | +20.6% |
| 2024 | +14.7% | +19.1% |
| 2025 | -7.9% | +5.7% |
| 2026 | -3.4% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBDC and SLRC good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OBDC and SLRC?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.65 over the last year and 0.68 over 5 years.
Is SLRC a good diversifier for OBDC?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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-slrc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/obdc-vs-slrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OBDC correlations · SLRC correlations
