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BXSL vs. ARCC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

BXSL vs. ARCC

Last updated May 18, 2025

Compare and contrast key facts about Blackstone Secured Lending Fund (BXSL) and Ares Capital Corporation (ARCC).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXSL or ARCC.

Correlation

The correlation between BXSL and ARCC is 0.34, 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.

Performance

BXSL vs. ARCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Secured Lending Fund (BXSL) and Ares Capital Corporation (ARCC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BXSL:

0.17

ARCC:

0.65

Sortino Ratio

BXSL:

0.24

ARCC:

1.00

Omega Ratio

BXSL:

1.04

ARCC:

1.15

Calmar Ratio

BXSL:

0.06

ARCC:

0.69

Martin Ratio

BXSL:

0.24

ARCC:

2.72

Ulcer Index

BXSL:

6.52%

ARCC:

4.75%

Daily Std Dev

BXSL:

21.78%

ARCC:

20.68%

Max Drawdown

BXSL:

-41.26%

ARCC:

-79.40%

Current Drawdown

BXSL:

-15.94%

ARCC:

-5.87%

Fundamentals

Market Cap

BXSL:

$7.21B

ARCC:

$15.11B

EPS

BXSL:

$3.15

ARCC:

$2.04

PE Ratio

BXSL:

10.04

ARCC:

10.74

PS Ratio

BXSL:

5.23

ARCC:

5.00

PB Ratio

BXSL:

1.16

ARCC:

1.09

Total Revenue (TTM)

BXSL:

$1.04B

ARCC:

$2.13B

Gross Profit (TTM)

BXSL:

$699.24M

ARCC:

$2.04B

EBITDA (TTM)

BXSL:

$675.50M

ARCC:

$1.83B

Returns By Period

In the year-to-date period, BXSL achieves a -2.07% return, which is significantly lower than ARCC's 2.38% return.

BXSL

YTD

-2.07%

1M

9.48%

6M

2.53%

1Y

3.33%

5Y*

N/A

10Y*

N/A

ARCC

YTD

2.38%

1M

7.40%

6M

6.51%

1Y

12.76%

5Y*

20.76%

10Y*

13.19%

*Annualized

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Risk-Adjusted Performance

BXSL vs. ARCC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BXSL
The Risk-Adjusted Performance Rank of BXSL is 5151
Overall Rank
The Sharpe Ratio Rank of BXSL is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of BXSL is 4343
Sortino Ratio Rank
The Omega Ratio Rank of BXSL is 4343
Omega Ratio Rank
The Calmar Ratio Rank of BXSL is 5454
Calmar Ratio Rank
The Martin Ratio Rank of BXSL is 5454
Martin Ratio Rank
ARCC
The Risk-Adjusted Performance Rank of ARCC is 7272
Overall Rank
The Sharpe Ratio Rank of ARCC is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of ARCC is 6565
Sortino Ratio Rank
The Omega Ratio Rank of ARCC is 6868
Omega Ratio Rank
The Calmar Ratio Rank of ARCC is 7777
Calmar Ratio Rank
The Martin Ratio Rank of ARCC is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BXSL vs. ARCC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Ares Capital Corporation (ARCC). 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.

The current BXSL Sharpe Ratio is 0.17, which is lower than the ARCC Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of BXSL and ARCC, 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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Dividends

BXSL vs. ARCC - Dividend Comparison

BXSL's dividend yield for the trailing twelve months is around 9.73%, more than ARCC's 8.76% yield.

TTM20242023202220212020201920182017201620152014
BXSL
Blackstone Secured Lending Fund		9.73%9.53%10.64%13.02%1.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ARCC
Ares Capital Corporation		8.76%8.77%9.59%10.12%7.65%9.47%9.01%9.88%9.67%9.22%11.02%10.06%

Drawdowns

BXSL vs. ARCC - Drawdown Comparison

The maximum BXSL drawdown since its inception was -41.26%, smaller than the maximum ARCC drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for BXSL and ARCC. For additional features, visit the drawdowns tool.

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Volatility

BXSL vs. ARCC - Volatility Comparison

The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.44%, while Ares Capital Corporation (ARCC) has a volatility of 6.84%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

BXSL vs. ARCC - Financials Comparison

This section allows you to compare key financial metrics between Blackstone Secured Lending Fund and Ares Capital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.00200.00M400.00M600.00M800.00M20212022202320242025
251.30M
599.00M
(BXSL) Total Revenue
(ARCC) Total Revenue
Values in USD except per share items

BXSL vs. ARCC - Profitability Comparison

The chart below illustrates the profitability comparison between Blackstone Secured Lending Fund and Ares Capital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
-100.0%-50.0%0.0%50.0%100.0%20212022202320242025
65.1%
84.3%
(BXSL) Gross Margin
(ARCC) Gross Margin
BXSL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Blackstone Secured Lending Fund reported a gross profit of 163.66M and revenue of 251.30M. Therefore, the gross margin over that period was 65.1%.

ARCC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Ares Capital Corporation reported a gross profit of 505.00M and revenue of 599.00M. Therefore, the gross margin over that period was 84.3%.

BXSL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Blackstone Secured Lending Fund reported an operating income of 153.98M and revenue of 251.30M, resulting in an operating margin of 61.3%.

ARCC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Ares Capital Corporation reported an operating income of 434.00M and revenue of 599.00M, resulting in an operating margin of 72.5%.

BXSL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Blackstone Secured Lending Fund reported a net income of 149.81M and revenue of 251.30M, resulting in a net margin of 59.6%.

ARCC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Ares Capital Corporation reported a net income of 365.00M and revenue of 599.00M, resulting in a net margin of 60.9%.