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ISIN
US09261X1028
IPO Date
Oct 28, 2021

Highlights

Market Cap
$5.39B
Enterprise Value
$5.04B
EPS (TTM)
$1.80
PE Ratio
12.91
Total Revenue (TTM)
$706.98M
Gross Profit (TTM)
$831.73M
EBITDA (TTM)
$525.53M
Year Range
$22.47 - $32.81
Target Price
$24.00
ROA (TTM)
2.87%
ROE (TTM)
6.78%

Share Price Chart


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Performance

BXSL Performance Chart

Blackstone Secured Lending Fund (BXSL) is down 8.9% since the beginning of the year. At $23 per share, BXSL is trading 29.2% below its 52-week high of $33.


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S&P 500 Index

Returns By Period

Blackstone Secured Lending Fund (BXSL) has returned -8.86% so far this year and -16.53% over the past 12 months.


Blackstone Secured Lending Fund

1D
-1.65%
1M
-0.47%
YTD
-8.86%
6M
-8.91%
1Y
-16.53%
3Y*
5.71%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BXSL Monthly Returns History

Based on dividend-adjusted daily data since Oct 28, 2021, BXSL's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.

Historically, 56% of months were positive and 44% were negative. The best month was Oct 2021 with a return of +10.9%, while the worst month was Jan 2022 at -14.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BXSL closed higher 51% of trading days. The best single day was Dec 23, 2021 with a return of +9.0%, while the worst single day was Apr 4, 2025 at -7.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-2.54%-6.94%2.52%4.69%-4.31%-2.15%-8.86%
20253.90%0.42%-1.71%-9.46%8.81%-1.12%2.60%-5.01%-10.44%1.42%4.35%-1.79%-9.36%
20243.51%3.46%7.88%1.73%-0.69%-0.29%0.13%-1.66%-0.31%6.28%4.66%1.54%29.02%
202310.07%5.28%-1.08%3.49%-0.66%9.54%3.95%-2.29%1.25%0.04%3.65%0.12%37.82%
2022-14.63%-0.14%-1.17%-1.11%-9.29%-2.54%0.18%0.98%-1.66%2.42%2.79%-4.12%-26.03%
202110.90%7.59%10.66%32.04%

Benchmark Metrics

Blackstone Secured Lending Fund has an annualized alpha of 4.57%, beta of 0.50, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since October 28, 2021.

  • This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (39.64%) than losses (33.39%) - typical of diversified or defensive assets.
  • Beta of 0.50 may look defensive, but with R2 of 0.14 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R2 of 0.14 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.57%
Beta
0.50
0.14
Upside Capture
39.64%
Downside Capture
33.39%

Return for Risk

Risk / Return Rank

BXSL ranks 13 for risk / return — in the bottom 13% of stocks 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.


BXSL Risk / Return Rank: 1313
Overall Rank
BXSL Sharpe Ratio Rank: 99
Sharpe Ratio Rank
BXSL Sortino Ratio Rank: 1010
Sortino Ratio Rank
BXSL Omega Ratio Rank: 1212
Omega Ratio Rank
BXSL Calmar Ratio Rank: 1616
Calmar Ratio Rank
BXSL Martin Ratio Rank: 2020
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


BXSLBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-2.85

Sortino ratioReturn per unit of downside risk

-3.89

Omega ratioGain probability vs. loss probability

0.88

1.37

-0.49

Calmar ratioReturn relative to maximum drawdown

-0.71

2.78

-3.49

Martin ratioReturn relative to average drawdown

-1.04

12.44

-13.47

Dividends

Dividend History

Blackstone Secured Lending Fund provided a 13.26% dividend yield over the last twelve months, with an annual payout of $3.08 per share. The company has been increasing its dividends for 4 consecutive years.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$3.08$3.08$3.08$2.94$2.91$0.53

Dividend yield

13.26%11.70%9.53%10.64%13.02%1.56%

Monthly Dividends

The table displays the monthly dividend distributions for Blackstone Secured Lending Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.77$0.00$0.00$0.00$0.77
2025$0.00$0.00$0.77$0.00$0.00$0.77$0.00$0.00$0.77$0.00$0.00$0.77$3.08
2024$0.00$0.00$0.77$0.00$0.00$0.77$0.00$0.00$0.77$0.00$0.00$0.77$3.08
2023$0.00$0.00$0.70$0.00$0.00$0.70$0.00$0.00$0.77$0.00$0.00$0.77$2.94
2022$0.10$0.00$0.68$0.00$0.20$0.53$0.20$0.00$0.60$0.00$0.00$0.60$2.91
2021$0.53$0.53

Dividend Yield & Payout


Dividend Yield

Blackstone Secured Lending Fund has a dividend yield of 13.26%, which means its dividend payment is significantly above the market average.

Payout Ratio

Blackstone Secured Lending Fund has a payout ratio of 165.08%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.

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 Blackstone Secured Lending Fund. 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 Blackstone Secured Lending Fund was 36.80%, occurring on Jul 6, 2022. Recovery took 411 trading sessions.

The current Blackstone Secured Lending Fund drawdown is 22.64%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-36.80%Jul 2022
6mo 11d1y 7mo
2y 1moDec 2021 - Feb 2024
2026 bear market2026
-24.21%Mar 2026
1y 1mo
1y 4moFeb 2025 - now
2024 pullback2024
-9.35%Aug 2024
3mo2mo 17d
5mo 17dMay 2024 - Oct 2024
2021 pullback2021
-8.87%Dec 2021
19d12d
1mo 1dNov 2021 - Dec 2021
2021 pullback2021
-6.19%Dec 2021
1d8d
9dDec 2021 - Dec 2021

Drawdown Indicators


BXSLBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-36.80%

-56.78%

+19.98%

Max Drawdown (1Y)

Largest decline over 1 year

-23.47%

-9.10%

-14.37%

Max Drawdown (3Y)

Largest decline over 3 years

-24.21%

-18.90%

-5.31%

Max Drawdown (5Y)

Largest decline over 5 years

-25.43%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-22.64%

-1.80%

-20.84%

Average Drawdown

Average peak-to-trough decline

-14.18%

-10.71%

-3.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.99%

2.03%

+13.96%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Blackstone Secured Lending Fund over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Blackstone Secured Lending Fund is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for BXSL, comparing it with other companies in the Asset Management industry. Currently, BXSL has a P/E ratio of 12.9. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for BXSL relative to other companies in the Asset Management industry. Currently, BXSL has a P/S ratio of 7.6. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for BXSL in comparison with other companies in the Asset Management industry. Currently, BXSL has a P/B value of 0.9. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items
Portfolio Analyzer

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