OCSL vs. SPY
Compare and contrast key facts about Oaktree Specialty Lending Corporation (OCSL) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OCSL or SPY.
Key characteristics
| OCSL | SPY | |
|---|---|---|
| YTD Return | -0.10% | 7.26% |
| 1Y Return | 17.86% | 25.03% |
| 3Y Return (Ann) | 10.65% | 8.37% |
| 5Y Return (Ann) | 15.20% | 13.44% |
| 10Y Return (Ann) | 6.29% | 12.49% |
| Sharpe Ratio | 1.24 | 2.35 |
| Daily Std Dev | 16.05% | 11.68% |
| Max Drawdown | -60.04% | -55.19% |
| Current Drawdown | -5.29% | -2.85% |
Correlation
The correlation between OCSL and SPY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OCSL vs. SPY - Performance Comparison
In the year-to-date period, OCSL achieves a -0.10% return, which is significantly lower than SPY's 7.26% return. Over the past 10 years, OCSL has underperformed SPY with an annualized return of 6.29%, while SPY has yielded a comparatively higher 12.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OCSL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) and SPDR S&P 500 ETF (SPY). 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.
Dividends
OCSL vs. SPY - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 11.43%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 11.43% | 11.09% | 11.85% | 7.30% | 7.10% | 6.80% | 8.55% | 9.04% | 13.10% | 10.59% | 12.60% | 11.66% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OCSL vs. SPY - Drawdown Comparison
The maximum OCSL drawdown since its inception was -60.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OCSL and SPY. For additional features, visit the drawdowns tool.
Volatility
OCSL vs. SPY - Volatility Comparison
The current volatility for Oaktree Specialty Lending Corporation (OCSL) is 3.31%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.58%. This indicates that OCSL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.