BSL vs. PSHNX
BSL (Blackstone Senior Floating Rate 2027 Term Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, BSL returned 3.95%/yr vs 4.82%/yr for PSHNX. At a 0.25 correlation, their price movements are largely independent. BSL charges 1.50%/yr vs 1.01%/yr for PSHNX.
Performance
BSL vs. PSHNX - Performance Comparison
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Returns By Period
In the year-to-date period, BSL achieves a -0.89% return, which is significantly lower than PSHNX's 1.84% 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%
PSHNX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 1.84%
- 6M
- 2.05%
- 1Y
- 5.89%
- 3Y*
- 7.32%
- 5Y*
- 4.82%
- 10Y*
- —
BSL vs. PSHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | -0.89% | 2.15% | 18.16% | 20.03% | -22.88% | 28.33% | -4.44% | 14.06% | -7.52% | 3.96% |
PSHNX Penn Capital Short Duration High Income Fund | 1.84% | 7.72% | 7.19% | 8.72% | -2.26% | 3.43% | 0.88% | 7.40% | 0.61% | 0.65% |
Correlation
The correlation between BSL and PSHNX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.25 |
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Return for Risk
BSL vs. PSHNX — Risk / Return Rank
BSL
PSHNX
BSL vs. PSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Penn Capital Short Duration High Income Fund (PSHNX). 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 | PSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -5.35 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.77 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 5.36 | -5.42 |
| Martin ratioReturn relative to average drawdown | -0.14 | 27.21 | -27.35 |
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Drawdowns
BSL vs. PSHNX - Drawdown Comparison
The maximum BSL drawdown since its inception was -43.83%, which is greater than PSHNX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for BSL and PSHNX.
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Drawdown Indicators
| BSL | PSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -14.53% | -29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -1.14% | -6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -2.83% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -6.02% | -18.46% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -3.32% | 0.00% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -0.88% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 0.23% | +3.12% |
Volatility
BSL vs. PSHNX - Volatility Comparison
Blackstone Senior Floating Rate 2027 Term Fund (BSL) has a higher volatility of 1.10% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.44%. This indicates that BSL's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSL | PSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.44% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 1.48% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 1.89% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 2.65% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 3.15% | +13.25% |
BSL vs. PSHNX - Expense Ratio Comparison
BSL has a 1.50% expense ratio, which is higher than PSHNX's 1.01% expense ratio.
Dividends
BSL vs. PSHNX - Dividend Comparison
BSL's dividend yield for the trailing twelve months is around 8.35%, more than PSHNX's 6.06% 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% |
PSHNX Penn Capital Short Duration High Income Fund | 6.06% | 6.27% | 6.43% | 4.95% | 3.47% | 3.17% | 3.95% | 3.65% | 3.13% | 1.46% | 0.00% | 0.00% |
Frequently Asked Questions
BSL and PSHNX have a correlation of 0.24, 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 PSHNX (0.44%). In terms of maximum drawdown, BSL dropped -43.83% vs PSHNX's -14.53%.
PSHNX currently has the higher Sharpe Ratio (3.25 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.
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