OXSQ vs SLRC: Correlation
Measured on weekly returns over the past three years, Oxford Square Capital Corp. - Closed End Fund (OXSQ) and SLR Investment Corp. - Closed End Fund (SLRC) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXSQ and SLRC?
Across a 3-year window, the weekly returns of OXSQ and SLRC correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 195.6 %².
Few assets follow OXSQ as closely as SLRC, which ranks #1 of 20 tracked partners. The trailing year gives SLRC the advantage: -20.9% versus -15.7%, a 5.2-point spread.
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.
OXSQ vs SLRC: side by side
| OXSQ (Oxford Square Capital Corp. - Closed End Fund) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -20.9% | -15.7% |
| 5-year return | -29.3% | +11.2% |
| Volatility (ann.) | 26.1% | 19.4% |
| Beta vs S&P 500 | 0.39 | 0.56 |
| Max drawdown (3Y) | -46.0% | -22.4% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 31.11% | 12.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXSQ | SLRC |
|---|---|---|
| 2022 | -14.4% | -16.1% |
| 2023 | +9.2% | +20.6% |
| 2024 | -1.9% | +19.1% |
| 2025 | -13.3% | +5.7% |
| 2026 | -8.5% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXSQ and SLRC good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OXSQ and SLRC?
As of 2026-08-27, the correlation of weekly returns between OXSQ and SLRC is 0.39 over 3 years, 0.39 over 1 year and 0.50 over 5 years.
Is SLRC a good diversifier for OXSQ?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/oxsq-vs-slrc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oxsq-vs-slrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OXSQ correlations · SLRC correlations
