BSL vs. FQTIX
BSL (Blackstone Senior Floating Rate 2027 Term Fund) and FQTIX (Franklin Templeton SMACS: Series I) are both High Yield Bonds funds. Over the past 5 years, BSL returned 3.95%/yr vs 3.69%/yr for FQTIX. At a 0.28 correlation, their price movements are largely independent. BSL charges 1.50%/yr vs 0.00%/yr for FQTIX.
Performance
BSL vs. FQTIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSL achieves a -0.89% return, which is significantly lower than FQTIX's 3.68% return.
BSL
- 1D
- 0.29%
- 1M
- 0.50%
- YTD
- -0.89%
- 6M
- -0.34%
- 1Y
- -0.46%
- 3Y*
- 10.75%
- 5Y*
- 3.95%
- 10Y*
- 5.87%
FQTIX
- 1D
- -0.12%
- 1M
- 0.62%
- YTD
- 3.68%
- 6M
- 3.92%
- 1Y
- 9.27%
- 3Y*
- 8.64%
- 5Y*
- 3.69%
- 10Y*
- —
BSL vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | -0.89% | 2.15% | 18.16% | 20.03% | -22.88% | 28.33% | -4.44% | 2.60% |
FQTIX Franklin Templeton SMACS: Series I | 3.68% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Correlation
The correlation between BSL and FQTIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.28 |
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. FQTIX — Risk / Return Rank
BSL
FQTIX
BSL vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.69 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.69 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 4.38 | -4.44 |
| Martin ratioReturn relative to average drawdown | -0.14 | 23.00 | -23.14 |
Loading charts...
Drawdowns
BSL vs. FQTIX - Drawdown Comparison
The maximum BSL drawdown since its inception was -43.83%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for BSL and FQTIX.
Loading charts...
Drawdown Indicators
| BSL | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -24.62% | -19.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -2.20% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -6.42% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -18.81% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -3.32% | -0.24% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -4.29% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.42% | +2.93% |
Volatility
BSL vs. FQTIX - Volatility Comparison
Blackstone Senior Floating Rate 2027 Term Fund (BSL) has a higher volatility of 1.10% compared to Franklin Templeton SMACS: Series I (FQTIX) at 0.82%. This indicates that BSL's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSL | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.82% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 2.44% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 3.13% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 5.94% | +4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 7.70% | +8.70% |
BSL vs. FQTIX - Expense Ratio Comparison
BSL has a 1.50% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Dividends
BSL vs. FQTIX - Dividend Comparison
BSL's dividend yield for the trailing twelve months is around 8.35%, more than FQTIX's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | 8.35% | 8.45% | 9.46% | 10.76% | 6.89% | 5.75% | 7.65% | 8.15% | 9.21% | 5.93% | 5.86% | 7.27% |
FQTIX Franklin Templeton SMACS: Series I | 6.84% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSL and FQTIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSL has higher volatility (1.10%) compared to FQTIX (0.82%). In terms of maximum drawdown, BSL dropped -43.83% vs FQTIX's -24.62%.
FQTIX currently has the higher Sharpe Ratio (3.08 vs -0.07), 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 FQTIX
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