Goldman Sachs BDC, Inc. (GSBD) — Stock Correlations & Overview
Over the past year, GSBD has moved most closely with CGBD, NCDL, FBDC. Explore the stocks most correlated and inversely correlated with GSBD below, along with its price, financials, and company profile.
Stocks correlated with GSBD
Correlation of daily returns. Higher positive values move with GSBD; negative values move opposite it. Informational only, not investment advice.
Most correlated with GSBD
| Symbol | Company | Correlation |
|---|---|---|
| CGBD | Carlyle Secured Lending, Inc. Common Stock | 0.71 |
| NCDL | Nuveen Churchill Direct Lending Corp | 0.70 |
| FBDC | FT Confluence BDC & Specialty Finance Income ETF | 0.69 |
| BXSL | Blackstone Secured Lending Fund | 0.68 |
| BIZD | VanEck BDC Income ETF | 0.67 |
Most inversely correlated with GSBD
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.37 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.34 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.28 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.28 |
Frequently asked questions about GSBD correlations
- Which stocks are most correlated with GSBD?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs BDC, Inc. (GSBD) are CGBD (0.71), NCDL (0.70) and FBDC (0.69). 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 GSBD?
- Over the past year, the stocks most inversely correlated with Goldman Sachs BDC, Inc. (GSBD) are HDGE (-0.37), DWSH (-0.34) and FLYD (-0.34). 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 GSBD correlations calculated?
- We compute the correlation of daily returns between GSBD 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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