OBDC vs. VBIL
OBDC (Blue Owl Capital Corporation) is a stock, while VBIL (Vanguard 0-3 Month Treasury Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Over the past year, OBDC returned -15.87% vs 3.93% for VBIL. At a 0.02 correlation, their price movements are largely independent.
Performance
OBDC vs. VBIL - 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 VBIL's 1.71% return.
OBDC
- 1D
- -0.74%
- 1M
- -2.81%
- YTD
- -10.72%
- 6M
- -9.23%
- 1Y
- -15.87%
- 3Y*
- 4.49%
- 5Y*
- 4.73%
- 10Y*
- —
VBIL
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.71%
- 6M
- 1.79%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OBDC vs. VBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OBDC Blue Owl Capital Corporation | -10.72% | -7.57% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 1.71% | 3.73% |
Correlation
The correlation between OBDC and VBIL is -0.00, 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | 0.02 |
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Return for Risk
OBDC vs. VBIL — Risk / Return Rank
OBDC
VBIL
OBDC vs. VBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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 | VBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.94 | ||
| Sortino ratioReturn per unit of downside risk | -122.44 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 45.76 | -44.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 297.45 | -298.12 |
| Martin ratioReturn relative to average drawdown | -1.09 | 1,967.36 | -1,968.45 |
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Drawdowns
OBDC vs. VBIL - Drawdown Comparison
The maximum OBDC drawdown since its inception was -56.07%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for OBDC and VBIL.
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Drawdown Indicators
| OBDC | VBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -0.09% | -55.98% |
Max Drawdown (1Y)Largest decline over 1 year | -23.90% | -0.01% | -23.89% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | — | — |
Current DrawdownCurrent decline from peak | -22.02% | 0.00% | -22.02% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -0.00% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.62% | 0.00% | +14.62% |
Volatility
OBDC vs. VBIL - Volatility Comparison
Blue Owl Capital Corporation (OBDC) has a higher volatility of 6.66% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.05%. This indicates that OBDC's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBDC | VBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 0.05% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 0.15% | +18.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.23% | 0.22% | +23.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 0.29% | +20.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 0.29% | +26.74% |
Dividends
OBDC vs. VBIL - Dividend Comparison
OBDC's dividend yield for the trailing twelve months is around 13.99%, more than VBIL's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | 13.99% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OBDC and VBIL have a correlation of -0.00, 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 VBIL (0.05%). In terms of maximum drawdown, OBDC dropped -56.07% vs VBIL's -0.09%.
VBIL currently has the higher Sharpe Ratio (18.25 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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