Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ARCC Ares Capital Corporation | Financial Services | 12.50% |
BXSL Blackstone Secured Lending Fund | Financial Services | 12.50% |
OBDC Blue Owl Capital Corporation | Financial Services | 12.50% |
TSLX Sixth Street Specialty Lending, Inc. | Financial Services | 12.50% |
VOO Vanguard S&P 500 ETF | S&P 500 | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BDCs plus VOO, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Oct 28, 2021, corresponding to the inception date of BXSL
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 1.18% | 5.05% | 1.78% | 4.86% | 28.88% | 18.97% | 10.81% | 12.85% |
Portfolio BDCs plus VOO | 1.92% | 5.56% | -2.48% | 0.03% | 14.19% | 15.41% | — | — |
| Portfolio components: | ||||||||
VOO Vanguard S&P 500 ETF | 1.21% | 5.13% | 2.11% | 5.49% | 30.38% | 20.59% | 12.39% | 14.75% |
ARCC Ares Capital Corporation | 2.42% | 4.31% | -5.40% | -1.76% | 2.20% | 10.62% | 8.84% | 12.42% |
BXSL Blackstone Secured Lending Fund | 2.12% | 5.49% | -5.25% | -2.79% | -3.63% | 9.21% | — | — |
OBDC Blue Owl Capital Corporation | 3.75% | 7.20% | -5.56% | -6.07% | -4.70% | 7.63% | 6.47% | — |
TSLX Sixth Street Specialty Lending, Inc. | 2.35% | 7.72% | -11.62% | -10.36% | 2.77% | 11.51% | 6.80% | 12.38% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 29, 2021, BDCs plus VOO's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 2022 with a return of +9.5%, while the worst month was Sep 2022 at -10.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BDCs plus VOO closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Apr 4, 2025 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.11% | -5.43% | -1.31% | 4.60% | -2.48% | ||||||||
| 2025 | 3.48% | 0.27% | -4.05% | -3.89% | 7.18% | 3.33% | 2.04% | 0.46% | -1.93% | 1.45% | 0.54% | -0.30% | 8.35% |
| 2024 | 1.45% | 3.48% | 3.92% | -1.33% | 3.99% | 0.56% | 0.51% | 1.09% | 0.94% | 0.75% | 4.99% | -0.45% | 21.56% |
| 2023 | 7.61% | 0.03% | 0.44% | 1.72% | 0.80% | 5.74% | 4.16% | -1.10% | -1.18% | -2.59% | 8.05% | 3.80% | 30.37% |
| 2022 | -3.19% | -1.46% | 1.59% | -5.83% | -3.26% | -7.02% | 6.68% | -1.84% | -10.09% | 9.48% | 4.85% | -5.22% | -15.91% |
| 2021 | 0.45% | -0.39% | 5.26% | 5.33% |
Benchmark Metrics
BDCs plus VOO has an annualized alpha of 1.34%, beta of 0.81, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since October 29, 2021.
- This portfolio participated in 75.02% of S&P 500 Index downside but only 74.82% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 1.34%
- Beta
- 0.81
- R²
- 0.80
- Upside Capture
- 74.82%
- Downside Capture
- 75.02%
Expense Ratio
BDCs plus VOO has an expense ratio of 0.02%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
BDCs plus VOO ranks 9 for risk / return — in the bottom 9% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 2.20 | -1.17 |
Sortino ratioReturn per unit of downside risk | 1.55 | 3.07 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.55 | -2.10 |
Martin ratioReturn relative to average drawdown | 4.54 | 16.01 | -11.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 67 | 2.32 | 3.22 | 1.43 | 3.82 | 17.34 |
ARCC Ares Capital Corporation | 33 | 0.12 | 0.29 | 1.04 | 0.16 | 0.33 |
BXSL Blackstone Secured Lending Fund | 26 | -0.19 | -0.13 | 0.99 | -0.04 | -0.06 |
OBDC Blue Owl Capital Corporation | 25 | -0.21 | -0.15 | 0.98 | -0.10 | -0.19 |
TSLX Sixth Street Specialty Lending, Inc. | 33 | 0.13 | 0.32 | 1.04 | 0.13 | 0.30 |
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Dividends
Dividend yield
BDCs plus VOO provided a 6.44% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 6.44% | 5.96% | 5.56% | 5.82% | 6.43% | 4.79% | 4.88% | 3.60% | 3.50% | 3.20% | 3.20% | 3.63% |
| Portfolio components: | ||||||||||||
VOO Vanguard S&P 500 ETF | 1.12% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
ARCC Ares Capital Corporation | 10.31% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
BXSL Blackstone Secured Lending Fund | 12.76% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OBDC Blue Owl Capital Corporation | 13.32% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLX Sixth Street Specialty Lending, Inc. | 10.65% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BDCs plus VOO. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BDCs plus VOO was 23.50%, occurring on Sep 30, 2022. Recovery took 198 trading sessions.
The current BDCs plus VOO drawdown is 4.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.5% | Dec 28, 2021 | 192 | Sep 30, 2022 | 198 | Jul 18, 2023 | 390 |
| -18.1% | Feb 20, 2025 | 34 | Apr 8, 2025 | 56 | Jun 30, 2025 | 90 |
| -11.62% | Jan 16, 2026 | 49 | Mar 27, 2026 | — | — | — |
| -7.51% | Jul 11, 2024 | 18 | Aug 5, 2024 | 35 | Sep 24, 2024 | 53 |
| -7.01% | Jul 28, 2025 | 54 | Oct 10, 2025 | 39 | Dec 5, 2025 | 93 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 3.20, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | BXSL | TSLX | VOO | OBDC | ARCC | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.35 | 0.48 | 1.00 | 0.51 | 0.53 | 0.85 |
| BXSL | 0.35 | 1.00 | 0.50 | 0.35 | 0.51 | 0.53 | 0.64 |
| TSLX | 0.48 | 0.50 | 1.00 | 0.48 | 0.70 | 0.74 | 0.76 |
| VOO | 1.00 | 0.35 | 0.48 | 1.00 | 0.51 | 0.53 | 0.85 |
| OBDC | 0.51 | 0.51 | 0.70 | 0.51 | 1.00 | 0.75 | 0.78 |
| ARCC | 0.53 | 0.53 | 0.74 | 0.53 | 0.75 | 1.00 | 0.80 |
| Portfolio | 0.85 | 0.64 | 0.76 | 0.85 | 0.78 | 0.80 | 1.00 |