OBDC vs. VGUS
OBDC (Blue Owl Capital Corporation) is a stock, while VGUS (Vanguard Ultra-Short Treasury ETF) is Ultrashort Bond fund tracking the Bloomberg Short Treasury Index. Over the past year, OBDC returned -15.44% vs 3.87% for VGUS. At a correlation of -0.06, they often move in opposite directions.
Performance
OBDC vs. VGUS - Performance Comparison
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Returns By Period
In the year-to-date period, OBDC achieves a -4.14% return, which is significantly lower than VGUS's 1.86% return.
OBDC
- 1D
- 0.81%
- 1M
- 3.79%
- 6M
- -6.40%
- YTD
- -4.14%
- 1Y
- -15.44%
- 3Y*
- 4.12%
- 5Y*
- 6.35%
- 10Y*
- —
VGUS
- 1D
- 0.01%
- 1M
- 0.29%
- 6M
- 1.74%
- YTD
- 1.86%
- 1Y
- 3.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OBDC vs. VGUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OBDC Blue Owl Capital Corporation | -4.14% | -7.57% |
VGUS Vanguard Ultra-Short Treasury ETF | 1.86% | 3.78% |
Correlation
The correlation between OBDC and VGUS is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | -0.06 |
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Return for Risk
OBDC vs. VGUS — Risk / Return Rank
OBDC
VGUS
OBDC vs. VGUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and Vanguard Ultra-Short Treasury ETF (VGUS). 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 | VGUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.57 | ||
| Sortino ratioReturn per unit of downside risk | -35.04 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 10.39 | -9.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 53.40 | -54.05 |
| Martin ratioReturn relative to average drawdown | -1.01 | 403.94 | -404.95 |
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Drawdowns
OBDC vs. VGUS - Drawdown Comparison
The maximum OBDC drawdown since its inception was -56.07%, which is greater than VGUS's maximum drawdown of -0.07%. Use the drawdown chart below to compare losses from any high point for OBDC and VGUS.
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Drawdown Indicators
| OBDC | VGUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -0.07% | -56.00% |
Max Drawdown (1Y)Largest decline over 1 year | -23.90% | -0.07% | -23.83% |
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 | -16.28% | 0.00% | -16.28% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -0.00% | -10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.33% | 0.01% | +15.32% |
Volatility
OBDC vs. VGUS - Volatility Comparison
Blue Owl Capital Corporation (OBDC) has a higher volatility of 5.43% compared to Vanguard Ultra-Short Treasury ETF (VGUS) at 0.06%. This indicates that OBDC's price experiences larger fluctuations and is considered to be riskier than VGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBDC | VGUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 0.06% | +5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 0.18% | +18.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 0.33% | +23.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 0.33% | +20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 0.33% | +26.64% |
Dividends
OBDC vs. VGUS - Dividend Comparison
OBDC's dividend yield for the trailing twelve months is around 12.87%, more than VGUS's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OBDC Blue Owl Capital Corporation | 12.87% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% |
VGUS Vanguard Ultra-Short Treasury ETF | 3.61% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OBDC and VGUS have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBDC has higher volatility (5.43%) compared to VGUS (0.06%). In terms of maximum drawdown, OBDC dropped -56.07% vs VGUS's -0.07%.
VGUS currently has the higher Sharpe Ratio (11.91 vs -0.66), 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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