Gladstone Capital Corp (GLAD) — Stock Correlations & Overview
Over the past year, GLAD has moved most closely with FBDC, PBDC, PCR. Explore the stocks most correlated and inversely correlated with GLAD below, along with its price, financials, and company profile.
Stocks correlated with GLAD
Correlation of daily returns. Higher positive values move with GLAD; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLAD
| Symbol | Company | Correlation |
|---|---|---|
| FBDC | FT Confluence BDC & Specialty Finance Income ETF | 0.70 |
| PBDC | Putnam BDC Income ETF | 0.68 |
| PCR | Simplify VettaFi Private Credit Strategy ETF | 0.68 |
| BIZD | VanEck BDC Income ETF | 0.66 |
| BDCX | ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN due June 10, 2050 | 0.65 |
Frequently asked questions about GLAD correlations
- Which stocks are most correlated with GLAD?
- Based on one year of daily returns, the stocks most correlated with Gladstone Capital Corp (GLAD) are FBDC (0.70), PBDC (0.68) and PCR (0.68). 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 GLAD?
- Over the past year, the stocks most inversely correlated with Gladstone Capital Corp (GLAD) are HDGE (-0.46), DWSH (-0.42) and SKF (-0.38). 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 GLAD correlations calculated?
- We compute the correlation of daily returns between GLAD 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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