OCSL vs SLRC: Correlation
Oaktree Specialty Lending Corporation - Closed End Fund (OCSL) and SLR Investment Corp. - Closed End Fund (SLRC) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCSL and SLRC?
Over the past 3 years, OCSL and SLRC moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 287.1 %².
By 3-year correlation, SLRC places #7 of the 15 assets tracked against OCSL. Their recent paths diverged sharply: over the last 12 months OCSL outperformed by 21.1 percentage points (+5.4% for OCSL against -15.7% for SLRC).
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.
OCSL vs SLRC: side by side
| OCSL (Oaktree Specialty Lending Corporation - Closed End Fund) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +5.4% | -15.7% |
| 5-year return | +5.8% | +11.2% |
| Volatility (ann.) | 21.7% | 19.4% |
| Beta vs S&P 500 | 0.62 | 0.56 |
| Max drawdown (3Y) | -34.2% | -22.4% |
| Market cap | $1.1B | $0.7B |
| P/E (trailing) | 27.0 | 9.2 |
| Dividend yield | 11.49% | 12.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCSL | SLRC |
|---|---|---|
| 2022 | +3.7% | -16.1% |
| 2023 | +11.3% | +20.6% |
| 2024 | -15.1% | +19.1% |
| 2025 | -6.1% | +5.7% |
| 2026 | +8.7% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCSL and SLRC good diversifiers for each other?
Only partially. A correlation of 0.68 means OCSL and SLRC 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 OCSL and SLRC?
The OCSL/SLRC correlation stands at 0.68 on a 3-year window (1 year: 0.70, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is SLRC a good diversifier for OCSL?
Only partially. A correlation of 0.68 means OCSL and SLRC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ocsl-vs-slrc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ocsl-vs-slrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OCSL correlations · SLRC correlations
