OBDC vs TSLX: Correlation
Blue Owl Capital Corporation (OBDC) and Sixth Street Specialty Lending, Inc. (TSLX) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBDC and TSLX?
On 3 years of weekly data the OBDC/TSLX correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.77 over 3. The 5-year figure is 0.76, and annualized covariance runs at 304.7 %².
Among the 25 assets we track against OBDC, TSLX ranks #5 by 3-year correlation. Their 12-month results are close: -10.3% for OBDC against -15.0% for TSLX.
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 TSLX: side by side
| OBDC (Blue Owl Capital Corporation) | TSLX (Sixth Street Specialty Lending, Inc.) | |
|---|---|---|
| 1-year return | -10.3% | -15.0% |
| 5-year return | +34.0% | +35.2% |
| Volatility (ann.) | 19.2% | 20.5% |
| Beta vs S&P 500 | 0.71 | 0.60 |
| Max drawdown (3Y) | -23.9% | -29.0% |
| Market cap | $5.6B | $1.8B |
| P/E (trailing) | 20.1 | 19.9 |
| Dividend yield | 12.62% | 10.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBDC | TSLX |
|---|---|---|
| 2022 | -9.5% | -16.4% |
| 2023 | +43.5% | +35.3% |
| 2024 | +14.7% | +8.8% |
| 2025 | -7.9% | +11.5% |
| 2026 | -3.4% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBDC and TSLX good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OBDC and TSLX?
The OBDC/TSLX correlation stands at 0.77 on a 3-year window (1 year: 0.77, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is TSLX a good diversifier for OBDC?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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-tslx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/obdc-vs-tslx/)
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Related comparisons
Hubs: OBDC correlations · TSLX correlations
