OBDC vs. CGDV
OBDC (Blue Owl Capital Corporation) is a stock, while CGDV (Capital Group Dividend Value ETF) is Large Cap Value Equities fund actively managed by Capital Group. Over the past 3 years, OBDC returned 5.28%/yr vs 24.15%/yr for CGDV. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
OBDC vs. CGDV - Performance Comparison
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Returns By Period
In the year-to-date period, OBDC achieves a -6.89% return, which is significantly lower than CGDV's 11.55% return.
OBDC
- 1D
- 0.09%
- 1M
- -0.71%
- YTD
- -6.89%
- 6M
- -8.67%
- 1Y
- -13.64%
- 3Y*
- 5.28%
- 5Y*
- 5.43%
- 10Y*
- —
CGDV
- 1D
- 0.66%
- 1M
- 0.35%
- YTD
- 11.55%
- 6M
- 12.50%
- 1Y
- 28.33%
- 3Y*
- 24.15%
- 5Y*
- —
- 10Y*
- —
OBDC vs. CGDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | -6.89% | -7.87% | 14.69% | 43.51% | -12.09% |
CGDV Capital Group Dividend Value ETF | 11.55% | 25.50% | 20.10% | 28.81% | -0.44% |
Correlation
The correlation between OBDC and CGDV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.53 |
The correlation between OBDC and CGDV shifts across timeframes, from 0.42 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OBDC vs. CGDV — Risk / Return Rank
OBDC
CGDV
OBDC vs. CGDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and Capital Group Dividend Value ETF (CGDV). 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.
| OBDC | CGDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.42 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.83 | -3.44 |
| Martin ratioReturn relative to average drawdown | -1.03 | 13.19 | -14.21 |
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Drawdowns
OBDC vs. CGDV - Drawdown Comparison
The maximum OBDC drawdown since its inception was -56.07%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for OBDC and CGDV.
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Drawdown Indicators
| OBDC | CGDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -21.82% | -34.25% |
Max Drawdown (1Y)Largest decline over 1 year | -23.90% | -9.75% | -14.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -14.28% | -9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | — | — |
Current DrawdownCurrent decline from peak | -18.68% | -0.98% | -17.70% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -3.60% | -7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 2.09% | +12.11% |
Volatility
OBDC vs. CGDV - Volatility Comparison
Blue Owl Capital Corporation (OBDC) has a higher volatility of 6.58% compared to Capital Group Dividend Value ETF (CGDV) at 4.52%. This indicates that OBDC's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBDC | CGDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 4.52% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 9.80% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.15% | 12.13% | +11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 15.57% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 15.57% | +11.49% |
Dividends
OBDC vs. CGDV - Dividend Comparison
OBDC's dividend yield for the trailing twelve months is around 13.42%, more than CGDV's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CGDV Capital Group Dividend Value ETF | 1.17% | 1.29% | 1.60% | 1.65% | 1.36% | 0.00% | 0.00% | 0.00% |
OBDC Blue Owl Capital Corporation | 13.42% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% |
Frequently Asked Questions
OBDC and CGDV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBDC has higher volatility (6.58%) compared to CGDV (4.52%). In terms of maximum drawdown, OBDC dropped -56.07% vs CGDV's -21.82%.
CGDV currently has the higher Sharpe Ratio (2.27 vs -0.63), 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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