Which stocks are most correlated with PSBD?

Based on one year of daily returns, the stocks most correlated with Palmer Square Capital BDC Inc. (PSBD) are FBDC (0.50), BIZD (0.49) and TSLX (0.48). 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 PSBD?

Over the past year, the stocks most inversely correlated with Palmer Square Capital BDC Inc. (PSBD) are HDGE (-0.38), SDD (-0.33) and WEBS (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Palmer Square Capital BDC Inc. (PSBD) — Stock Correlations & Overview

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

Stocks correlated with PSBD

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

Most correlated with PSBD

Symbol	Company	Correlation
FBDC	FT Confluence BDC & Specialty Finance Income ETF	0.50
BIZD	VanEck BDC Income ETF	0.49
TSLX	Sixth Street Specialty Lending, Inc.	0.48
ARCC	Ares Capital Corporation	0.46
FDUS	Fidus Investment Corp.	0.46

Most inversely correlated with PSBD

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.38
SDD	ProShares UltraShort SmallCap600	-0.33
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.33
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.33
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.32

Frequently asked questions about PSBD correlations

Which stocks are most correlated with PSBD?: Based on one year of daily returns, the stocks most correlated with Palmer Square Capital BDC Inc. (PSBD) are FBDC (0.50), BIZD (0.49) and TSLX (0.48). 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 PSBD?: Over the past year, the stocks most inversely correlated with Palmer Square Capital BDC Inc. (PSBD) are HDGE (-0.38), SDD (-0.33) and WEBS (-0.33). 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 PSBD correlations calculated?: We compute the correlation of daily returns between PSBD 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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