SCM vs TSLX: Correlation
Measured on weekly returns over the past three years, Stellus Capital Investment Corporation (SCM) and Sixth Street Specialty Lending, Inc. (TSLX) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCM and TSLX?
On 3 years of weekly data the SCM/TSLX correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.66 over 3. The 5-year figure is 0.63, and annualized covariance runs at 331.7 %².
Among the 17 assets we track against SCM, TSLX ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSLX ahead by 17.7 points (-32.7% versus -15.0%).
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.
SCM vs TSLX: side by side
| SCM (Stellus Capital Investment Corporation) | TSLX (Sixth Street Specialty Lending, Inc.) | |
|---|---|---|
| 1-year return | -32.7% | -15.0% |
| 5-year return | +16.7% | +35.2% |
| Volatility (ann.) | 24.4% | 20.5% |
| Beta vs S&P 500 | 0.68 | 0.60 |
| Max drawdown (3Y) | -47.8% | -29.0% |
| Market cap | $0.2B | $1.8B |
| P/E (trailing) | 8.4 | 19.9 |
| Dividend yield | 17.12% | 10.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCM | TSLX |
|---|---|---|
| 2022 | +12.9% | -16.4% |
| 2023 | +8.7% | +35.3% |
| 2024 | +20.3% | +8.8% |
| 2025 | +3.7% | +11.5% |
| 2026 | -26.0% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCM and TSLX good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SCM and TSLX?
The SCM/TSLX correlation stands at 0.66 on a 3-year window (1 year: 0.63, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is TSLX a good diversifier for SCM?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/scm-vs-tslx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/scm-vs-tslx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCM correlations · TSLX correlations
