Which stocks are most correlated with CGBD?

Based on one year of daily returns, the stocks most correlated with Carlyle Secured Lending, Inc. Common Stock (CGBD) are PBDC (0.77), FBDC (0.76) and NCDL (0.72). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CGBD?

Over the past year, the stocks most inversely correlated with Carlyle Secured Lending, Inc. Common Stock (CGBD) are HDGE (-0.47), DWSH (-0.42) and FLYD (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

Carlyle Secured Lending, Inc. Common Stock (CGBD) — Stock Correlations & Overview

Over the past year, CGBD has moved most closely with PBDC, FBDC, NCDL. Explore the stocks most correlated and inversely correlated with CGBD below, along with its price, financials, and company profile.

Stocks correlated with CGBD

Correlation of daily returns. Higher positive values move with CGBD; negative values move opposite it. Informational only, not investment advice.

Most correlated with CGBD

Symbol	Company	Correlation
PBDC	Putnam BDC Income ETF	0.77
FBDC	FT Confluence BDC & Specialty Finance Income ETF	0.76
NCDL	Nuveen Churchill Direct Lending Corp	0.72
BXSL	Blackstone Secured Lending Fund	0.72
MSDL	Morgan Stanley Direct Lending Fund	0.71

Most inversely correlated with CGBD

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.47
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.42
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.37
FAZ	Direxion Daily Financial Bear 3x ETF	-0.35
SKF	ProShares UltraShort Financials	-0.35

Frequently asked questions about CGBD correlations

Which stocks are most correlated with CGBD?: Based on one year of daily returns, the stocks most correlated with Carlyle Secured Lending, Inc. Common Stock (CGBD) are PBDC (0.77), FBDC (0.76) and NCDL (0.72). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CGBD?: Over the past year, the stocks most inversely correlated with Carlyle Secured Lending, Inc. Common Stock (CGBD) are HDGE (-0.47), DWSH (-0.42) and FLYD (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CGBD correlations calculated?: We compute the correlation of daily returns between CGBD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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