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BSL vs. PIAMX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

BSL vs. PIAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Senior Floating Rate 2027 Term Fund (BSL) and PIA High Yield (MACS) Fund (PIAMX). The values are adjusted to include any dividend payments, if applicable.

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BSL vs. PIAMX - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
BSL
Blackstone Senior Floating Rate 2027 Term Fund
-2.74%2.15%18.16%20.03%-22.88%28.33%-4.44%14.06%-7.98%
PIAMX
PIA High Yield (MACS) Fund
-2.20%2.34%11.23%16.38%-10.93%7.82%9.05%11.77%-2.63%

Returns By Period

In the year-to-date period, BSL achieves a -2.74% return, which is significantly lower than PIAMX's -2.20% return.


BSL

1D
1.53%
1M
0.27%
YTD
-2.74%
6M
-4.10%
1Y
-0.62%
3Y*
10.50%
5Y*
4.79%
10Y*
6.35%

PIAMX

1D
0.26%
1M
-2.36%
YTD
-2.20%
6M
-2.91%
1Y
1.56%
3Y*
7.17%
5Y*
3.87%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BSL vs. PIAMX - Expense Ratio Comparison

BSL has a 1.50% expense ratio, which is higher than PIAMX's 0.20% expense ratio.


Return for Risk

BSL vs. PIAMX — Risk / Return Rank

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

BSL
BSL Risk / Return Rank: 44
Overall Rank
BSL Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BSL Sortino Ratio Rank: 33
Sortino Ratio Rank
BSL Omega Ratio Rank: 33
Omega Ratio Rank
BSL Calmar Ratio Rank: 44
Calmar Ratio Rank
BSL Martin Ratio Rank: 44
Martin Ratio Rank

PIAMX
PIAMX Risk / Return Rank: 1111
Overall Rank
PIAMX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
PIAMX Sortino Ratio Rank: 1010
Sortino Ratio Rank
PIAMX Omega Ratio Rank: 1212
Omega Ratio Rank
PIAMX Calmar Ratio Rank: 1010
Calmar Ratio Rank
PIAMX Martin Ratio Rank: 1010
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.

BSL vs. PIAMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Senior Floating Rate 2027 Term Fund (BSL) and PIA High Yield (MACS) Fund (PIAMX). 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.


BSLPIAMXDifference

Sharpe ratio

Return per unit of total volatility

-0.08

0.31

-0.38

Sortino ratio

Return per unit of downside risk

-0.06

0.41

-0.47

Omega ratio

Gain probability vs. loss probability

0.99

1.07

-0.08

Calmar ratio

Return relative to maximum drawdown

-0.15

0.20

-0.35

Martin ratio

Return relative to average drawdown

-0.42

0.61

-1.03

BSL vs. PIAMX - Sharpe Ratio Comparison

The current BSL Sharpe Ratio is -0.08, which is lower than the PIAMX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of BSL and PIAMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


BSLPIAMXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.08

0.31

-0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.97

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

1.15

-0.85

Correlation

The correlation between BSL and PIAMX is 0.23, 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. PIAMX - Dividend Comparison

BSL's dividend yield for the trailing twelve months is around 8.61%, more than PIAMX's 8.51% yield.


TTM20252024202320222021202020192018201720162015
BSL
Blackstone Senior Floating Rate 2027 Term Fund
8.61%8.45%9.46%10.76%6.89%5.75%7.65%8.15%9.21%5.93%5.86%7.27%
PIAMX
PIA High Yield (MACS) Fund
8.51%9.12%8.49%8.12%7.99%8.64%6.63%6.96%7.14%0.00%0.00%0.00%

Drawdowns

BSL vs. PIAMX - Drawdown Comparison

The maximum BSL drawdown since its inception was -43.83%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for BSL and PIAMX.


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Drawdown Indicators


BSLPIAMXDifference

Max Drawdown

Largest peak-to-trough decline

-43.83%

-18.15%

-25.68%

Max Drawdown (1Y)

Largest decline over 1 year

-7.86%

-4.17%

-3.69%

Max Drawdown (5Y)

Largest decline over 5 years

-24.48%

-13.92%

-10.56%

Max Drawdown (10Y)

Largest decline over 10 years

-43.83%

Current Drawdown

Current decline from peak

-5.13%

-3.50%

-1.63%

Average Drawdown

Average peak-to-trough decline

-7.40%

-2.36%

-5.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

1.37%

+1.42%

Volatility

BSL vs. PIAMX - Volatility Comparison

Blackstone Senior Floating Rate 2027 Term Fund (BSL) has a higher volatility of 2.59% compared to PIA High Yield (MACS) Fund (PIAMX) at 1.72%. This indicates that BSL's price experiences larger fluctuations and is considered to be riskier than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BSLPIAMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.59%

1.72%

+0.87%

Volatility (6M)

Calculated over the trailing 6-month period

4.83%

2.45%

+2.38%

Volatility (1Y)

Calculated over the trailing 1-year period

8.00%

4.32%

+3.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.08%

4.01%

+7.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.42%

4.25%

+12.17%