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BCRIX vs. BXSL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BCRIX vs. BXSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and Blackstone Secured Lending Fund (BXSL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BCRIX achieves a 0.28% return, which is significantly higher than BXSL's -8.86% return.


BCRIX

1D
0.23%
1M
0.86%
YTD
0.28%
6M
0.79%
1Y
4.98%
3Y*
4.11%
5Y*
-0.46%
10Y*
1.59%

BXSL

1D
-1.65%
1M
-0.47%
YTD
-8.86%
6M
-8.91%
1Y
-16.53%
3Y*
5.71%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

BCRIX vs. BXSL - Yearly Performance Comparison


2026 (YTD)20252024202320222021
BCRIX
BlackRock Advantage CoreAlpha Bond Fund
0.28%6.81%2.21%5.07%-14.70%-0.11%
BXSL
Blackstone Secured Lending Fund
-8.86%-9.36%29.02%37.82%-26.03%32.04%

Correlation

The correlation between BCRIX and BXSL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2021

0.10

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Return for Risk

BCRIX vs. BXSL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCRIX
BCRIX Risk / Return Rank: 2323
Overall Rank
BCRIX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
BCRIX Sortino Ratio Rank: 2525
Sortino Ratio Rank
BCRIX Omega Ratio Rank: 2222
Omega Ratio Rank
BCRIX Calmar Ratio Rank: 2323
Calmar Ratio Rank
BCRIX Martin Ratio Rank: 2020
Martin Ratio Rank

BXSL
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.

BCRIX vs. BXSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and Blackstone Secured Lending Fund (BXSL). 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.

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.


BCRIXBXSLDifference
Sharpe ratioReturn per unit of total volatility

+2.12

Sortino ratioReturn per unit of downside risk

+3.09

Omega ratioGain probability vs. loss probability

1.23

0.88

+0.35

Calmar ratioReturn relative to maximum drawdown

1.66

-0.71

+2.37

Martin ratioReturn relative to average drawdown

4.69

-1.04

+5.73

BCRIX vs. BXSL - Sharpe Ratio Comparison

The current BCRIX Sharpe Ratio is 1.30, which is higher than the BXSL Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of BCRIX and BXSL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

BCRIX vs. BXSL - Drawdown Comparison

The maximum BCRIX drawdown since its inception was -20.21%, smaller than the maximum BXSL drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for BCRIX and BXSL.


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Drawdown Indicators


BCRIXBXSLDifference

Max Drawdown

Largest peak-to-trough decline

-20.21%

-36.80%

+16.59%

Max Drawdown (1Y)

Largest decline over 1 year

-3.01%

-23.47%

+20.46%

Max Drawdown (3Y)

Largest decline over 3 years

-6.40%

-24.21%

+17.81%

Max Drawdown (5Y)

Largest decline over 5 years

-20.05%

Max Drawdown (10Y)

Largest decline over 10 years

-20.21%

Current Drawdown

Current decline from peak

-3.81%

-22.64%

+18.83%

Average Drawdown

Average peak-to-trough decline

-4.11%

-14.18%

+10.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.06%

15.99%

-14.93%

Volatility

BCRIX vs. BXSL - Volatility Comparison

The current volatility for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) is 1.18%, while Blackstone Secured Lending Fund (BXSL) has a volatility of 5.32%. This indicates that BCRIX experiences smaller price fluctuations and is considered to be less risky than BXSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BCRIXBXSLDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.18%

5.32%

-4.14%

Volatility (6M)

Calculated over the trailing 6-month period

2.81%

16.51%

-13.70%

Volatility (1Y)

Calculated over the trailing 1-year period

3.86%

20.26%

-16.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.05%

23.82%

-17.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.06%

23.82%

-18.76%

Dividends

BCRIX vs. BXSL - Dividend Comparison

BCRIX's dividend yield for the trailing twelve months is around 4.68%, less than BXSL's 13.26% yield.


PositionTTM20252024202320222021202020192018201720162015
BCRIX
BlackRock Advantage CoreAlpha Bond Fund
4.68%4.59%4.53%3.41%1.85%2.49%6.25%3.75%3.07%2.81%3.21%2.93%
BXSL
Blackstone Secured Lending Fund
13.26%11.70%9.53%10.64%13.02%1.56%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


BCRIX and BXSL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BXSL has higher volatility (5.32%) compared to BCRIX (1.18%). In terms of maximum drawdown, BCRIX dropped -20.21% vs BXSL's -36.80%.

BCRIX currently has the higher Sharpe Ratio (1.30 vs -0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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