TSLX vs WHF: Correlation
Measured on weekly returns over the past three years, Sixth Street Specialty Lending, Inc. (TSLX) and WhiteHorse Finance, Inc. - Closed End Fund (WHF) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSLX and WHF?
On 3 years of weekly data the TSLX/WHF correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 224.9 %².
Among the 22 assets we track against TSLX, WHF ranks #15 by 3-year correlation. The trailing year gives WHF the advantage: -15.0% versus -2.5%, a 12.5-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.
TSLX vs WHF: side by side
| TSLX (Sixth Street Specialty Lending, Inc.) | WHF (WhiteHorse Finance, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | -15.0% | -2.5% |
| 5-year return | +35.2% | -11.5% |
| Volatility (ann.) | 20.5% | 22.6% |
| Beta vs S&P 500 | 0.60 | 0.25 |
| Max drawdown (3Y) | -29.0% | -37.9% |
| Market cap | $1.8B | $0.2B |
| P/E (trailing) | 19.9 | 9.1 |
| Dividend yield | 10.04% | 16.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSLX | WHF |
|---|---|---|
| 2022 | -16.4% | -6.2% |
| 2023 | +35.3% | +6.3% |
| 2024 | +8.8% | -8.5% |
| 2025 | +11.5% | -15.4% |
| 2026 | -9.1% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSLX and WHF good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TSLX and WHF?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.52 over the last year and 0.51 over 5 years.
Is WHF a good diversifier for TSLX?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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.
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Related comparisons
Hubs: TSLX correlations · WHF correlations
