OCSL vs. SAND
OCSL (Oaktree Specialty Lending Corporation) and SAND (Sandstorm Gold Ltd.) are both stocks. OCSL operates in Credit Services (Financial Services), while SAND operates in Gold (Basic Materials). At a 0.13 correlation, their price movements are largely independent.
Performance
OCSL vs. SAND - Performance Comparison
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Returns By Period
OCSL
- 1D
- -2.96%
- 1M
- -8.45%
- YTD
- -3.83%
- 6M
- -7.79%
- 1Y
- -7.64%
- 3Y*
- -3.06%
- 5Y*
- 0.64%
- 10Y*
- 7.74%
SAND
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCSL vs. SAND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | -3.83% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
SAND Sandstorm Gold Ltd. | 0.00% | 118.72% | 12.15% | -3.32% | -14.29% | -13.53% | -3.76% | 61.61% | -7.62% | 27.95% |
Correlation
The correlation between OCSL and SAND is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2009 | 0.13 |
The correlation between OCSL and SAND shifts across timeframes, from -0.07 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OCSL:
$1.04B
SAND:
$3.64B
OCSL:
$1.17
SAND:
$0.11
OCSL:
10.11
SAND:
105.77
OCSL:
0.83
SAND:
4.56
OCSL:
3.55
SAND:
18.81
OCSL:
0.75
SAND:
2.55
OCSL:
$293.40M
SAND:
$193.59M
OCSL:
$174.66M
SAND:
$114.43M
OCSL:
$121.85M
SAND:
$144.88M
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Return for Risk
OCSL vs. SAND — Risk / Return Rank
OCSL
SAND
OCSL vs. SAND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) and Sandstorm Gold Ltd. (SAND). 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.
| OCSL | SAND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.96 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | — | — |
| Martin ratioReturn relative to average drawdown | -0.86 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCSL | SAND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | — | — |
Drawdowns
OCSL vs. SAND - Drawdown Comparison
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Drawdown Indicators
| OCSL | SAND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.32% | — | — |
Current DrawdownCurrent decline from peak | -27.33% | — | — |
Average DrawdownAverage peak-to-trough decline | -16.42% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.92% | — | — |
Volatility
OCSL vs. SAND - Volatility Comparison
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Volatility by Period
| OCSL | SAND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | — | — |
Dividends
OCSL vs. SAND - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.72%, more than SAND's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 13.72% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
SAND Sandstorm Gold Ltd. | 0.24% | 0.47% | 1.06% | 1.19% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OCSL vs. SAND - Financials Comparison
This section allows you to compare key financial metrics between Oaktree Specialty Lending Corporation and Sandstorm Gold Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OCSL vs. SAND - Profitability Comparison
OCSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported a gross profit of 0.00 and revenue of 65.25M. Therefore, the gross margin over that period was 0.0%.
SAND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a gross profit of 33.10M and revenue of 51.42M. Therefore, the gross margin over that period was 64.4%.
OCSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported an operating income of 0.00 and revenue of 65.25M, resulting in an operating margin of 0.0%.
SAND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported an operating income of 26.02M and revenue of 51.42M, resulting in an operating margin of 50.6%.
OCSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oaktree Specialty Lending Corporation reported a net income of 34.37M and revenue of 65.25M, resulting in a net margin of 52.7%.
SAND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.
Frequently Asked Questions
OCSL and SAND have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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