BX vs. VSS

Last updated Jun 13, 2026

BX (Blackstone Inc.) is a stock, while VSS (Vanguard FTSE All-World ex-US Small-Cap ETF) is Foreign Small & Mid Cap Equities fund tracking the FTSE Global Small Cap ex US Index. Over the past 10 years, BX returned 22.59%/yr vs 8.49%/yr for VSS. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

BX vs. VSS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Inc. (BX) and Vanguard FTSE All-World ex-US Small-Cap ETF (VSS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BX achieves a -18.67% return, which is significantly lower than VSS's 10.04% return. Over the past 10 years, BX has outperformed VSS with an annualized return of 22.59%, while VSS has yielded a comparatively lower 8.49% annualized return.

BX

• 1D: 1.58%
• 1M: 0.27%
• YTD: -18.67%
• 6M: -17.07%
• 1Y: -6.72%
• 3Y*: 14.11%
• 5Y*: 8.83%
• 10Y*: 22.59%

VSS

• 1D: 0.50%
• 1M: -2.16%
• YTD: 10.04%
• 6M: 12.05%
• 1Y: 24.95%
• 3Y*: 15.73%
• 5Y*: 5.58%
• 10Y*: 8.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BX vs. VSS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BX Blackstone Inc.	-18.67%	-7.84%	35.07%	82.75%	-40.01%	107.11%	19.78%	96.33%	0.10%	27.34%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF	10.04%	29.61%	2.94%	15.52%	-21.48%	13.05%	11.81%	21.36%	-18.48%	30.61%

Correlation

The correlation between BX and VSS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 6, 2009	0.57

The correlation between BX and VSS shifts across timeframes, from 0.42 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BX vs. VSS — Risk / Return Rank

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

BX

BX Risk / Return Rank: 32
BX Sharpe Ratio Rank: 31
BX Sortino Ratio Rank: 28
BX Omega Ratio Rank: 28
BX Calmar Ratio Rank: 36
BX Martin Ratio Rank: 36

VSS

VSS Risk / Return Rank: 49
VSS Sharpe Ratio Rank: 49
VSS Sortino Ratio Rank: 48
VSS Omega Ratio Rank: 51
VSS Calmar Ratio Rank: 46
VSS Martin Ratio Rank: 51

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.

BX vs. VSS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Inc. (BX) and Vanguard FTSE All-World ex-US Small-Cap ETF (VSS). 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	VSS	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	1.51	-1.79
Sortino ratio: Return per unit of downside risk	-0.16	2.10	-2.26
Omega ratio: Gain probability vs. loss probability	0.98	1.28	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.22	2.03	-2.24
Martin ratio: Return relative to average drawdown	-0.40	7.61	-8.01

BX vs. VSS - Sharpe Ratio Comparison

The current BX Sharpe Ratio is -0.28, which is lower than the VSS Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of BX and VSS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BX vs. VSS - Drawdown Comparison

The maximum BX drawdown since its inception was -88.09%, which is greater than VSS's maximum drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for BX and VSS.

Drawdown Indicators

	BX	VSS	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-43.51%	-44.58%
Max Drawdown (1Y) Largest decline over 1 year	-44.76%	-11.62%	-33.14%
Max Drawdown (3Y) Largest decline over 3 years	-46.50%	-15.73%	-30.77%
Max Drawdown (5Y) Largest decline over 5 years	-49.29%	-33.93%	-15.36%
Max Drawdown (10Y) Largest decline over 10 years	-49.29%	-43.51%	-5.78%
Current Drawdown Current decline from peak	-35.07%	-3.05%	-32.02%
Average Drawdown Average peak-to-trough decline	-26.39%	-9.63%	-16.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.20%	3.09%	+21.11%

Volatility

BX vs. VSS - Volatility Comparison

Blackstone Inc. (BX) has a higher volatility of 12.67% compared to Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) at 6.52%. This indicates that BX's price experiences larger fluctuations and is considered to be riskier than VSS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BX	VSS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.67%	6.52%	+6.15%
Volatility (6M) Calculated over the trailing 6-month period	28.51%	13.55%	+14.96%
Volatility (1Y) Calculated over the trailing 1-year period	34.98%	15.60%	+19.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.41%	16.59%	+22.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.79%	17.30%	+18.49%

Dividends

BX vs. VSS - Dividend Comparison

BX's dividend yield for the trailing twelve months is around 4.05%, more than VSS's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BX Blackstone Inc.	4.05%	3.04%	2.00%	2.54%	6.66%	2.76%	2.95%	3.43%	8.12%	7.25%	6.14%	11.76%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF	3.08%	3.39%	3.44%	3.14%	2.30%	2.74%	1.90%	3.25%	2.80%	2.83%	2.93%	2.66%

Frequently Asked Questions

Can I hold both BX and VSS in my portfolio?

BX and VSS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BX or VSS?

BX has higher volatility (12.67%) compared to VSS (6.52%). In terms of maximum drawdown, BX dropped -88.09% vs VSS's -43.51%.

Which has better risk-adjusted returns?

VSS currently has the higher Sharpe Ratio (1.51 vs -0.28), 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.