OBDC vs. TFLO
OBDC (Blue Owl Capital Corporation) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 5 years, OBDC returned 4.73%/yr vs 3.68%/yr for TFLO. At a correlation of -0.03, they often move in opposite directions.
Performance
OBDC vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, OBDC achieves a -10.72% return, which is significantly lower than TFLO's 1.79% return.
OBDC
- 1D
- -0.74%
- 1M
- -2.81%
- YTD
- -10.72%
- 6M
- -9.23%
- 1Y
- -15.87%
- 3Y*
- 4.49%
- 5Y*
- 4.73%
- 10Y*
- —
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
OBDC vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | -10.72% | -7.87% | 14.69% | 43.51% | -9.48% | 21.99% | -19.52% | 20.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.79% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 0.89% |
Correlation
The correlation between OBDC and TFLO 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | -0.03 |
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Return for Risk
OBDC vs. TFLO — Risk / Return Rank
OBDC
TFLO
OBDC vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and iShares Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.52 | ||
| Sortino ratioReturn per unit of downside risk | -49.63 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 13.02 | -12.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 199.14 | -199.81 |
| Martin ratioReturn relative to average drawdown | -1.09 | 788.97 | -790.05 |
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Drawdowns
OBDC vs. TFLO - Drawdown Comparison
The maximum OBDC drawdown since its inception was -56.07%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for OBDC and TFLO.
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Drawdown Indicators
| OBDC | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -5.01% | -51.06% |
Max Drawdown (1Y)Largest decline over 1 year | -23.90% | -0.02% | -23.88% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -0.04% | -23.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -0.13% | -28.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | -22.02% | -0.02% | -22.00% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -0.10% | -10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.62% | 0.00% | +14.62% |
Volatility
OBDC vs. TFLO - Volatility Comparison
Blue Owl Capital Corporation (OBDC) has a higher volatility of 6.66% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.09%. This indicates that OBDC's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBDC | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 0.09% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 0.20% | +18.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.23% | 0.29% | +22.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 0.36% | +20.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 0.46% | +26.57% |
Dividends
OBDC vs. TFLO - Dividend Comparison
OBDC's dividend yield for the trailing twelve months is around 13.99%, more than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | 13.99% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
OBDC and TFLO 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.
OBDC has higher volatility (6.66%) compared to TFLO (0.09%). In terms of maximum drawdown, OBDC dropped -56.07% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.84 vs -0.69), 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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