OBDC vs. IAUM
OBDC (Blue Owl Capital Corporation) is a stock, while IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, OBDC returned 5.28%/yr vs 29.28%/yr for IAUM. At a 0.09 correlation, their price movements are largely independent.
Performance
OBDC vs. IAUM - 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 IAUM's -2.40% return.
OBDC
- 1D
- 0.09%
- 1M
- -0.71%
- YTD
- -6.89%
- 6M
- -8.67%
- 1Y
- -13.64%
- 3Y*
- 5.28%
- 5Y*
- 5.43%
- 10Y*
- —
IAUM
- 1D
- 0.10%
- 1M
- -9.51%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
OBDC vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | -6.89% | -7.87% | 14.69% | 43.51% | -9.48% | 2.64% |
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between OBDC and IAUM is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.09 |
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Return for Risk
OBDC vs. IAUM — Risk / Return Rank
OBDC
IAUM
OBDC vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.19 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.00 | -1.61 |
| Martin ratioReturn relative to average drawdown | -1.03 | 2.87 | -3.90 |
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Drawdowns
OBDC vs. IAUM - Drawdown Comparison
The maximum OBDC drawdown since its inception was -56.07%, which is greater than IAUM's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for OBDC and IAUM.
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Drawdown Indicators
| OBDC | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -24.37% | -31.70% |
Max Drawdown (1Y)Largest decline over 1 year | -23.90% | -24.37% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -24.37% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | — | — |
Current DrawdownCurrent decline from peak | -18.68% | -21.99% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -5.38% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 8.46% | +5.74% |
Volatility
OBDC vs. IAUM - Volatility Comparison
The current volatility for Blue Owl Capital Corporation (OBDC) is 6.58%, while iShares Gold Trust Micro (IAUM) has a volatility of 7.71%. This indicates that OBDC experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBDC | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 7.71% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.87% | 23.82% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.15% | 27.06% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 18.05% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 18.05% | +9.01% |
Dividends
OBDC vs. IAUM - Dividend Comparison
OBDC's dividend yield for the trailing twelve months is around 13.42%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 IAUM have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (7.71%) compared to OBDC (6.58%). In terms of maximum drawdown, OBDC dropped -56.07% vs IAUM's -24.37%.
IAUM currently has the higher Sharpe Ratio (0.90 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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