GAB vs. OBDC
GAB (The Gabelli Equity Trust Inc) is Large Cap Value Equities fund managed by Gabelli Funds, while OBDC (Blue Owl Capital Corporation) is a stock. Over the past 5 years, GAB returned 6.54%/yr vs 4.65%/yr for OBDC. At a 0.36 correlation, their price movements are largely independent.
Performance
GAB vs. OBDC - Performance Comparison
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Returns By Period
In the year-to-date period, GAB achieves a -2.41% return, which is significantly higher than OBDC's -11.06% return.
GAB
- 1D
- 1.99%
- 1M
- 3.28%
- YTD
- -2.41%
- 6M
- -2.10%
- 1Y
- 10.31%
- 3Y*
- 10.86%
- 5Y*
- 6.54%
- 10Y*
- 11.83%
OBDC
- 1D
- -0.37%
- 1M
- -4.56%
- YTD
- -11.06%
- 6M
- -9.56%
- 1Y
- -16.70%
- 3Y*
- 4.02%
- 5Y*
- 4.65%
- 10Y*
- —
GAB vs. OBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GAB The Gabelli Equity Trust Inc | -2.41% | 27.03% | 18.05% | 3.37% | -16.30% | 28.26% | 14.70% | 3.64% |
OBDC Blue Owl Capital Corporation | -11.06% | -7.87% | 14.69% | 43.51% | -9.48% | 21.99% | -19.52% | 20.00% |
Correlation
The correlation between GAB and OBDC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.36 |
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Return for Risk
GAB vs. OBDC — Risk / Return Rank
GAB
OBDC
GAB vs. OBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Equity Trust Inc (GAB) and Blue Owl Capital Corporation (OBDC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GAB | OBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.89 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | -0.70 | +1.50 |
| Martin ratioReturn relative to average drawdown | 1.99 | -1.14 | +3.13 |
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Drawdowns
GAB vs. OBDC - Drawdown Comparison
The maximum GAB drawdown since its inception was -74.62%, which is greater than OBDC's maximum drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for GAB and OBDC.
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Drawdown Indicators
| GAB | OBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -56.07% | -18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -23.90% | +11.00% |
Max Drawdown (3Y)Largest decline over 3 years | -19.63% | -23.90% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -28.26% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -46.92% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -22.32% | +16.99% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -10.71% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 14.69% | -9.50% |
Volatility
GAB vs. OBDC - Volatility Comparison
The current volatility for The Gabelli Equity Trust Inc (GAB) is 4.45%, while Blue Owl Capital Corporation (OBDC) has a volatility of 6.46%. This indicates that GAB experiences smaller price fluctuations and is considered to be less risky than OBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAB | OBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 6.46% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 18.91% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 23.23% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 20.72% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 27.02% | -5.11% |
Dividends
GAB vs. OBDC - Dividend Comparison
GAB's dividend yield for the trailing twelve months is around 10.57%, less than OBDC's 14.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAB The Gabelli Equity Trust Inc | 10.57% | 9.72% | 11.15% | 11.81% | 10.95% | 8.72% | 9.57% | 9.85% | 12.55% | 9.80% | 10.87% | 12.05% |
OBDC Blue Owl Capital Corporation | 14.04% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GAB and OBDC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBDC has higher volatility (6.46%) compared to GAB (4.45%). In terms of maximum drawdown, GAB dropped -74.62% vs OBDC's -56.07%.
GAB currently has the higher Sharpe Ratio (0.70 vs -0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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