BSL vs. BGX
Compare and contrast key facts about Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Blackstone Long-Short Credit Income Fund (BGX).
BSL is an actively managed fund by Blackstone. It was launched on May 26, 2010. BGX is an actively managed fund by Blackstone. It was launched on Jan 27, 2011.
Performance
BSL vs. BGX - Performance Comparison
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BSL vs. BGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | -3.65% | 2.15% | 18.16% | 20.03% | -22.88% | 28.33% | -4.44% | 14.06% | -7.52% | 5.74% |
BGX Blackstone Long-Short Credit Income Fund | -5.38% | 2.09% | 19.83% | 18.92% | -20.57% | 17.54% | -5.67% | 24.98% | -4.19% | 7.28% |
Returns By Period
In the year-to-date period, BSL achieves a -3.65% return, which is significantly higher than BGX's -5.38% return. Over the past 10 years, BSL has underperformed BGX with an annualized return of 6.25%, while BGX has yielded a comparatively higher 7.10% annualized return.
BSL
- 1D
- -0.93%
- 1M
- 0.89%
- YTD
- -3.65%
- 6M
- -4.10%
- 1Y
- -1.40%
- 3Y*
- 10.16%
- 5Y*
- 4.60%
- 10Y*
- 6.25%
BGX
- 1D
- -0.28%
- 1M
- 1.41%
- YTD
- -5.38%
- 6M
- -4.43%
- 1Y
- -3.71%
- 3Y*
- 10.06%
- 5Y*
- 3.82%
- 10Y*
- 7.10%
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BSL vs. BGX - Expense Ratio Comparison
BSL has a 1.50% expense ratio, which is higher than BGX's 1.46% expense ratio.
Return for Risk
BSL vs. BGX — Risk / Return Rank
BSL
BGX
BSL vs. BGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Blackstone Long-Short Credit Income Fund (BGX). 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.
| BSL | BGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.18 | -0.28 | +0.10 |
Sortino ratioReturn per unit of downside risk | -0.20 | -0.30 | +0.10 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.95 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.33 | +0.13 |
Martin ratioReturn relative to average drawdown | -0.55 | -0.82 | +0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSL | BGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | -0.28 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.33 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.41 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.28 | +0.02 |
Correlation
The correlation between BSL and BGX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BSL vs. BGX - Dividend Comparison
BSL's dividend yield for the trailing twelve months is around 8.69%, less than BGX's 9.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | 8.69% | 8.45% | 9.46% | 10.76% | 6.89% | 5.75% | 7.65% | 8.15% | 9.21% | 5.93% | 5.86% | 7.27% |
BGX Blackstone Long-Short Credit Income Fund | 9.32% | 8.87% | 9.89% | 11.71% | 8.15% | 7.01% | 8.76% | 9.35% | 11.74% | 7.12% | 9.01% | 8.72% |
Drawdowns
BSL vs. BGX - Drawdown Comparison
The maximum BSL drawdown since its inception was -43.83%, smaller than the maximum BGX drawdown of -47.40%. Use the drawdown chart below to compare losses from any high point for BSL and BGX.
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Drawdown Indicators
| BSL | BGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -47.40% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -12.43% | +4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -25.94% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -47.40% | +3.57% |
Current DrawdownCurrent decline from peak | -6.00% | -9.01% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -6.98% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 5.00% | -2.18% |
Volatility
BSL vs. BGX - Volatility Comparison
The current volatility for Blackstone Senior Floating Rate 2027 Term Fund (BSL) is 2.65%, while Blackstone Long-Short Credit Income Fund (BGX) has a volatility of 4.08%. This indicates that BSL experiences smaller price fluctuations and is considered to be less risky than BGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSL | BGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 4.08% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 6.50% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.03% | 13.47% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 11.79% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 17.55% | -1.14% |