OBDC vs. SCHF

Last updated Jun 13, 2026

OBDC (Blue Owl Capital Corporation) is a stock, while SCHF (Schwab International Equity ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Over the past 5 years, OBDC returned 5.43%/yr vs 9.76%/yr for SCHF. At a 0.44 correlation, their price movements are largely independent.

Performance

OBDC vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blue Owl Capital Corporation (OBDC) and Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OBDC achieves a -6.89% return, which is significantly lower than SCHF's 15.39% return.

OBDC

• 1D: 0.09%
• 1M: -0.71%
• YTD: -6.89%
• 6M: -8.67%
• 1Y: -13.64%
• 3Y*: 5.28%
• 5Y*: 5.43%
• 10Y*: —

SCHF

• 1D: 0.29%
• 1M: 1.69%
• YTD: 15.39%
• 6M: 17.24%
• 1Y: 31.75%
• 3Y*: 19.18%
• 5Y*: 9.76%
• 10Y*: 10.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OBDC vs. SCHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
OBDC Blue Owl Capital Corporation	-6.89%	-7.87%	14.69%	43.51%	-9.48%	21.99%	-19.52%	20.00%
SCHF Schwab International Equity ETF	15.39%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	7.58%

Correlation

The correlation between OBDC and SCHF is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019	0.44

The correlation between OBDC and SCHF shifts across timeframes, from 0.35 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OBDC vs. SCHF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OBDC

OBDC Risk / Return Rank: 18
OBDC Sharpe Ratio Rank: 15
OBDC Sortino Ratio Rank: 16
OBDC Omega Ratio Rank: 17
OBDC Calmar Ratio Rank: 20
OBDC Martin Ratio Rank: 22

SCHF

SCHF Risk / Return Rank: 63
SCHF Sharpe Ratio Rank: 64
SCHF Sortino Ratio Rank: 62
SCHF Omega Ratio Rank: 63
SCHF Calmar Ratio Rank: 61
SCHF Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OBDC vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and Schwab International Equity ETF (SCHF). 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	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	1.82	-2.45
Sortino ratio: Return per unit of downside risk	-0.79	2.52	-3.31
Omega ratio: Gain probability vs. loss probability	0.91	1.33	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.61	2.64	-3.25
Martin ratio: Return relative to average drawdown	-1.03	10.14	-11.17

OBDC vs. SCHF - Sharpe Ratio Comparison

The current OBDC Sharpe Ratio is -0.63, which is lower than the SCHF Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of OBDC and SCHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OBDC vs. SCHF - Drawdown Comparison

The maximum OBDC drawdown since its inception was -56.07%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for OBDC and SCHF.

Drawdown Indicators

	OBDC	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-56.07%	-34.87%	-21.20%
Max Drawdown (1Y) Largest decline over 1 year	-23.90%	-11.48%	-12.42%
Max Drawdown (3Y) Largest decline over 3 years	-23.90%	-13.41%	-10.49%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	-29.14%	+0.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.87%	—
Current Drawdown Current decline from peak	-18.68%	-1.00%	-17.68%
Average Drawdown Average peak-to-trough decline	-10.67%	-7.37%	-3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.20%	2.99%	+11.21%

Volatility

OBDC vs. SCHF - Volatility Comparison

Blue Owl Capital Corporation (OBDC) and Schwab International Equity ETF (SCHF) have volatilities of 6.58% and 6.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBDC	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	6.91%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	18.87%	14.42%	+4.45%
Volatility (1Y) Calculated over the trailing 1-year period	23.15%	16.67%	+6.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	16.56%	+4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.06%	17.24%	+9.82%

Dividends

OBDC vs. SCHF - Dividend Comparison

OBDC's dividend yield for the trailing twelve months is around 13.42%, more than SCHF's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OBDC Blue Owl Capital Corporation	13.42%	12.55%	11.38%	10.77%	11.17%	8.76%	12.32%	3.80%	0.00%	0.00%	0.00%	0.00%
SCHF Schwab International Equity ETF	2.96%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both OBDC and SCHF in my portfolio?

OBDC and SCHF have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OBDC or SCHF?

SCHF has higher volatility (6.91%) compared to OBDC (6.58%). In terms of maximum drawdown, OBDC dropped -56.07% vs SCHF's -34.87%.

Which has better risk-adjusted returns?

SCHF currently has the higher Sharpe Ratio (1.82 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.