PBDC Putnam BDC Income ETF

Last close: 26.26
504-day return: -2.38%
Median $/day: $2.0M
Relationships shown: 12

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

Same exposure: FBDC move almost identically to PBDC (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

PBDC vs OBDC

Both indexed to 100 at 2026-05-11.

PBDC OBDC · range 94–110 · 2026-05-11 → 2026-11-06

Moves with PBDC

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

OBDC Blue Owl Capital Corporation

ρ +0.87beyond mkt +0.80holdout +0.88stable 100%robust

ARCC Ares Capital Corporation Common Stock

ρ +0.87beyond mkt +0.79holdout +0.89stable 100%robust

GBDC Golub Capital BDC, Inc. Common Stock

ρ +0.85beyond mkt +0.76holdout +0.83stable 100%robust

MAIN Main Street Capital Corporation

ρ +0.85beyond mkt +0.76holdout +0.84stable 100%robust

BXSL Blackstone Secured Lending Fund

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

VPC Virtus Private Credit Strategy ETF

ρ +0.85beyond mkt +0.75holdout +0.90stable 100%robust

Moves against PBDC

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.35beyond mkt +0.05holdout -0.32stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.40beyond mkt +0.01holdout -0.32stable 100%robust

Weekly, not daily

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

SABA Saba Capital Income & Opportunities Fund II

horizon 10dρ +0.49holdout +0.59stable 88%robust

ACV Virtus Diversified Income & Convertible Fund

horizon 10dρ +0.42holdout +0.32stable 75%robust

TAIL Cambria Tail Risk ETF

horizon 10dρ -0.41holdout -0.09stable 62%moderate

INKT MiNK Therapeutics, Inc. Common Stock

horizon 5dρ +0.30holdout +0.26stable 38%moderate

Changed this quarter

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

MEOH Methanex Corporation Common Stock

Δ -0.64recent -0.48prior +0.17beyond mkt -0.02

RSST Return Stacked U.S. Stocks & Managed Futures ETF

Δ -0.57recent -0.20prior +0.38beyond mkt -0.10

TAIL Cambria Tail Risk ETF

Δ +0.57recent +0.24prior -0.33beyond mkt -0.02

OBE Obsidian Energy Ltd.

Δ -0.56recent -0.44prior +0.12beyond mkt -0.02

AROC Archrock Inc

Δ -0.55recent -0.21prior +0.34beyond mkt +0.09

MGY Magnolia Oil & Gas Corporation Class A Common Stock

Δ -0.53recent -0.40prior +0.14beyond mkt -0.06

Hidden links

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	+0.66	+0.80	18
HIPS GraniteShares HIPS US High Income ETF	+0.52	+0.70	23
OCSL Oaktree Specialty Lending Corporation Common Stock	+0.67	+0.79	25
TCPC BlackRock TCP Capital Corp. Common Stock	+0.64	+0.73	25
NCDL Nuveen Churchill Direct Lending Corp	+0.61	+0.74	25
VPC Virtus Private Credit Strategy ETF	+0.75	+0.85	26