BX vs. OWL
BX (Blackstone Inc.) and OWL (Blue Owl Capital Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, BX returned 7.00%/yr vs -3.88%/yr for OWL. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
BX vs. OWL - Performance Comparison
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Returns By Period
In the year-to-date period, BX achieves a -23.91% return, which is significantly higher than OWL's -40.47% return.
BX
- 1D
- -0.45%
- 1M
- -1.79%
- YTD
- -23.91%
- 6M
- -24.39%
- 1Y
- -21.21%
- 3Y*
- 10.68%
- 5Y*
- 7.00%
- 10Y*
- 22.04%
OWL
- 1D
- -0.58%
- 1M
- -17.12%
- YTD
- -40.47%
- 6M
- -41.68%
- 1Y
- -53.07%
- 3Y*
- -5.39%
- 5Y*
- -3.88%
- 10Y*
- —
BX vs. OWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | -23.91% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 1.52% |
OWL Blue Owl Capital Inc. | -40.47% | -32.83% | 61.76% | 47.40% | -26.29% | 32.18% | 5.86% |
Correlation
The correlation between BX and OWL is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.62 |
The correlation between BX and OWL shifts across timeframes, from 0.62 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BX:
$90.02B
OWL:
$5.80B
BX:
$3.90
OWL:
$0.13
BX:
29.43
OWL:
65.98
BX:
10.82
OWL:
0.24
BX:
6.00
OWL:
1.95
BX:
10.75
OWL:
2.76
BX:
$14.99B
OWL:
$2.94B
BX:
$13.12B
OWL:
$1.99B
BX:
$7.37B
OWL:
$876.72M
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Return for Risk
BX vs. OWL — Risk / Return Rank
BX
OWL
BX vs. OWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Inc. (BX) and Blue Owl Capital Inc. (OWL). 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.
| BX | OWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.78 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.91 | +0.43 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.52 | +0.67 |
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Drawdowns
BX vs. OWL - Drawdown Comparison
The maximum BX drawdown since its inception was -88.09%, which is greater than OWL's maximum drawdown of -67.10%. Use the drawdown chart below to compare losses from any high point for BX and OWL.
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Drawdown Indicators
| BX | OWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -67.10% | -20.99% |
Max Drawdown (1Y)Largest decline over 1 year | -44.76% | -58.59% | +13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -46.50% | -67.10% | +20.60% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -67.10% | +17.81% |
Max Drawdown (10Y)Largest decline over 10 years | -49.29% | — | — |
Current DrawdownCurrent decline from peak | -39.25% | -65.14% | +25.89% |
Average DrawdownAverage peak-to-trough decline | -26.41% | -24.41% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.16% | 35.05% | -9.89% |
Volatility
BX vs. OWL - Volatility Comparison
Blackstone Inc. (BX) and Blue Owl Capital Inc. (OWL) have volatilities of 13.69% and 13.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BX | OWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.69% | 13.41% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 29.22% | 34.97% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.19% | 44.46% | -9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.55% | 42.07% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.76% | 42.76% | -7.00% |
Dividends
BX vs. OWL - Dividend Comparison
BX's dividend yield for the trailing twelve months is around 4.33%, less than OWL's 10.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 4.33% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
OWL Blue Owl Capital Inc. | 10.62% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BX vs. OWL - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Inc. and Blue Owl Capital Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BX vs. OWL - Profitability Comparison
BX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.
OWL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blue Owl Capital Inc. reported a gross profit of 753.81M and revenue of 753.81M. Therefore, the gross margin over that period was 100.0%.
BX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.
OWL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blue Owl Capital Inc. reported an operating income of 109.49M and revenue of 753.81M, resulting in an operating margin of 14.5%.
BX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.
OWL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blue Owl Capital Inc. reported a net income of 15.54M and revenue of 753.81M, resulting in a net margin of 2.1%.
Frequently Asked Questions
BX and OWL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (13.69%) compared to OWL (13.41%). In terms of maximum drawdown, BX dropped -88.09% vs OWL's -67.10%.
BX currently has the higher Sharpe Ratio (-0.61 vs -1.20), 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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