OBDC vs SPY

Comparison between Blue Owl Capital Corp (OBDC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed OBDC, delivering a return of +13.8% compared to +5.9%

OBDC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OBDC(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$5.54B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	56.87%	56.47%
Sharpe Ratio	-0.79	1.60
5Y Beta	0.77	1.00
Industry	Asset Management	N/A
P/E Ratio	15.75	28.81
Forward P/E	8.60	22.07
Dividend Yield	12.40%	N/A
5Y Dividends CAGR	4.90%	5.43%
5Y EPS CAGR	N/A	25.84%
Debt to Equity	118.18%	34.16%
Free Cash Flow Yield	48.16%	N/A
P/S Ratio	2.99	3.69
P/B Ratio	0.79	5.54

Market Cap / Net Assets

OBDC

$5.54B

Winner

SPY

$735B

Expense Ratio

OBDC

N/A

SPY

0.09%

Max Drawdown

OBDC

56.87%

Winner

SPY

56.47%

Sharpe Ratio

OBDC

-0.79

Winner

SPY

1.60

5Y Beta

Winner

OBDC

0.77

SPY

1.00

Industry

OBDC

Asset Management

SPY

N/A

P/E Ratio

Winner

OBDC

15.75

SPY

28.81

Forward P/E

Winner

OBDC

8.60

SPY

22.07

Dividend Yield

OBDC

12.40%

SPY

N/A

5Y Dividends CAGR

OBDC

4.90%

Winner

SPY

5.43%

5Y EPS CAGR

OBDC

N/A

SPY

25.84%

Debt to Equity

OBDC

118.18%

Winner

SPY

34.16%

Free Cash Flow Yield

OBDC

48.16%

SPY

N/A

P/S Ratio

Winner

OBDC

2.99

SPY

3.69

P/B Ratio

Winner

OBDC

0.79

SPY

5.54

OBDC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	OBDC	SPY
1 month	-6.20%	+3.53%
3 months	-0.09%	+7.49%
6 months	-1.76%	+11.36%
1 year	-15.50%	+24.76%
5 years(CAGR)	+5.88%	+13.85%
10 years(CAGR)	N/A	+15.52%
Max(CAGR)	+5.96%	+8.46%

OBDC

-6.20%

Winner

SPY

+3.53%

OBDC

-0.09%

Winner

SPY

+7.49%

OBDC

-1.76%

Winner

SPY

+11.36%

OBDC

-15.50%

Winner

SPY

+24.76%

5Y(CAGR)

OBDC

+5.88%

Winner

SPY

+13.85%

10Y(CAGR)

OBDC

N/A

SPY

+15.52%

Max(CAGR)

OBDC

+5.96%

Winner

SPY

+8.46%

OBDC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	OBDC	SPY
2026	-9.08%	+7.70%
2025	-8.81%	+18.00%
2024	+15.02%	+25.59%
2023	+39.62%	+26.72%
2022	-9.92%	-18.64%
2021	+25.48%	+30.52%
2020	-19.05%	+17.28%
2019	+20.16%	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

OBDC vs SPY Drawdown Comparison

The maximum drawdown for OBDC was -56.04%, occurring on Mar 23, 2020. Recovery took 570 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current OBDC drawdown is -19.75%. The current SPY drawdown is -1.93%.

Rank	OBDC	SPY
#1	-56.04% Dec 27, 2019 - Apr 1, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-28.12% Apr 14, 2022 - Jun 1, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-23.90% Jul 17, 2025 - Mar 27, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-17.93% Feb 19, 2025 - Jul 16, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-13.20% May 31, 2024 - Feb 18, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-11.00% Sep 19, 2019 - Nov 8, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-6.12% Sep 28, 2023 - Nov 3, 2023	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-5.72% Jul 31, 2023 - Sep 28, 2023	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.97% Jan 22, 2024 - Feb 22, 2024	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-3.85% Jun 16, 2023 - Jul 3, 2023	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-3.30% Nov 14, 2019 - Dec 19, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.09% Sep 6, 2019 - Sep 13, 2019	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.05% Jun 7, 2023 - Jun 16, 2023	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.94% Aug 13, 2019 - Sep 4, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.73% Apr 8, 2024 - Apr 22, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between OBDC and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

OBDC vs SPY dividend yield comparison.

Year	OBDC	SPY
2026	3.35%	0.24%
2025	12.55%	1.07%
2024	11.38%	1.21%
2023	10.77%	1.40%
2022	11.17%	1.65%
2021	8.76%	1.20%
2020	12.32%	1.52%
2019	3.80%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%