BXSL Blackstone Secured Lending Fund

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

BXSL vs PBDC

Both indexed to 100 at 2026-05-11.

BXSL PBDC · range 96–111 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

PBDC Putnam BDC Income ETF

ρ +0.83beyond mkt +0.76holdout +0.81stable 100%robust

ARCC Ares Capital Corporation Common Stock

ρ +0.78beyond mkt +0.67holdout +0.80stable 100%robust

OBDC Blue Owl Capital Corporation

ρ +0.76beyond mkt +0.66holdout +0.79stable 100%robust

FSK FS KKR Capital Corp. Common Stock

ρ +0.73beyond mkt +0.61holdout +0.73stable 100%robust

GBDC Golub Capital BDC, Inc. Common Stock

ρ +0.73beyond mkt +0.61holdout +0.72stable 100%robust

VPC Virtus Private Credit Strategy ETF

ρ +0.71beyond mkt +0.58holdout +0.72stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

PCF High Income Securities Fund

horizon 10dρ +0.37holdout +0.38stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

OIS OIL STATES INTERNATIONAL, INC.

Δ -0.76recent -0.55prior +0.21beyond mkt -0.09

GRC The Gorman-Rupp Company Common Shares

Δ -0.70recent -0.43prior +0.28beyond mkt -0.06

NPO Enpro Inc.

Δ -0.67recent -0.43prior +0.24beyond mkt -0.05

LBRT Liberty Energy Inc.

Δ -0.67recent -0.51prior +0.16beyond mkt -0.05

AROC Archrock Inc

Δ -0.66recent -0.39prior +0.27beyond mkt +0.04

RES RPC, Inc.

Δ -0.65recent -0.41prior +0.24beyond mkt +0.04

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
KBWD Invesco Exchange-Traded Fund Trust II Invesco KBW High Dividend Yield Financial ETF	+0.54	+0.68	18
HIPS GraniteShares HIPS US High Income ETF	+0.41	+0.60	23
VPC Virtus Private Credit Strategy ETF	+0.58	+0.71	26
TSLX Sixth Street Specialty Lending, Inc.	+0.56	+0.69	26
BCSF Bain Capital Specialty Finance, Inc.	+0.54	+0.68	26
FDUS Fidus Investment Corporation Common Stock	+0.54	+0.67	26