BSL vs. CPMPX
BSL (Blackstone Senior Floating Rate 2027 Term Fund) and CPMPX (Changing Parameters Fund) are both High Yield Bonds funds. Over the past 10 years, BSL returned 5.63%/yr vs 4.06%/yr for CPMPX. Their 0.14 correlation means their historical movements had little consistent relationship. BSL charges 1.50%/yr vs 2.90%/yr for CPMPX.
Performance
BSL vs. CPMPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSL achieves a 0.40% return, which is significantly lower than CPMPX's 0.76% return. Over the past 10 years, BSL has outperformed CPMPX with an annualized return of 5.63%, while CPMPX has yielded a comparatively lower 4.06% annualized return.
BSL
- 1D
- 0.54%
- 1M
- 0.91%
- 6M
- 1.38%
- YTD
- 0.40%
- 1Y
- -0.34%
- 3Y*
- 9.25%
- 5Y*
- 3.93%
- 10Y*
- 5.63%
- ALL TIME*
- 4.83%
CPMPX
- 1D
- -0.09%
- 1M
- -0.37%
- 6M
- 0.28%
- YTD
- 0.76%
- 1Y
- 3.73%
- 3Y*
- 2.87%
- 5Y*
- 2.20%
- 10Y*
- 4.06%
- ALL TIME*
- 3.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $477.30K | $450.32K | $483.93K | |
| $0.00 | $0.00 | $0.00 |
BSL vs. CPMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | 0.40% | 2.15% | 18.16% | 20.03% | -22.88% | 28.33% | -4.44% | 14.06% | -7.52% | 5.74% |
CPMPX Changing Parameters Fund | 0.76% | 6.65% | -3.47% | 8.13% | -0.22% | 3.86% | 13.43% | 6.82% | -1.19% | 5.29% |
Correlation
The correlation between BSL and CPMPX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 26, 2010 | 0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSL vs. CPMPX — Risk / Return Rank
BSL
CPMPX
BSL vs. CPMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Changing Parameters Fund (CPMPX). 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.
| BSL | CPMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.42 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.72 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.10 | 7.38 | -7.48 |
Loading charts...
Drawdowns
BSL vs. CPMPX - Drawdown Comparison
The maximum BSL drawdown since its inception was -43.83%, which is greater than CPMPX's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for BSL and CPMPX.
Loading charts...
Drawdown Indicators
| BSL | CPMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -8.87% | -34.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -1.31% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -8.13% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -8.13% | -16.35% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -8.13% | -35.70% |
Current DrawdownCurrent decline from peak | -2.06% | -1.18% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -1.86% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 0.48% | +2.98% |
Volatility
BSL vs. CPMPX - Volatility Comparison
Blackstone Senior Floating Rate 2027 Term Fund (BSL) has a higher volatility of 1.18% compared to Changing Parameters Fund (CPMPX) at 0.49%. This indicates that BSL's price experiences larger fluctuations and is considered to be riskier than CPMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSL | CPMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.49% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 5.04% | 1.32% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 1.85% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 3.84% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 3.11% | +13.24% |
BSL vs. CPMPX - Expense Ratio Comparison
BSL has a 1.50% expense ratio, which is lower than CPMPX's 2.90% expense ratio.
Dividends
BSL vs. CPMPX - Dividend Comparison
BSL's dividend yield for the trailing twelve months is around 8.23%, more than CPMPX's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | 8.23% | 8.45% | 9.46% | 10.76% | 6.89% | 5.75% | 7.65% | 8.15% | 9.21% | 5.93% | 5.86% | 7.27% |
CPMPX Changing Parameters Fund | 3.80% | 3.83% | 0.00% | 4.26% | 5.03% | 4.24% | 6.94% | 2.85% | 1.71% | 3.32% | 2.25% | 1.51% |
Frequently Asked Questions
BSL and CPMPX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSL has higher volatility (1.18%) compared to CPMPX (0.49%). In terms of maximum drawdown, BSL dropped -43.83% vs CPMPX's -8.87%.
CPMPX currently has the higher Sharpe Ratio (1.92 vs -0.05), 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.
Find the right allocation for BSL and CPMPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer