BXSL vs. BOXX
BXSL (Blackstone Secured Lending Fund) is a stock, while BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. Over the past 3 years, BXSL returned 7.21%/yr vs 4.75%/yr for BOXX. At a correlation of -0.03, they often move in opposite directions.
Performance
BXSL vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -8.70% return, which is significantly lower than BOXX's 1.58% return.
BXSL
- 1D
- -2.06%
- 1M
- -5.91%
- YTD
- -8.70%
- 6M
- -11.93%
- 1Y
- -17.34%
- 3Y*
- 7.21%
- 5Y*
- —
- 10Y*
- —
BOXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.58%
- 6M
- 1.97%
- 1Y
- 4.10%
- 3Y*
- 4.75%
- 5Y*
- —
- 10Y*
- —
BXSL vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -8.70% | -9.36% | 29.02% | 37.82% | 0.68% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.58% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between BXSL and BOXX is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2022 | -0.03 |
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Return for Risk
BXSL vs. BOXX — Risk / Return Rank
BXSL
BOXX
BXSL vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.
| BXSL | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.72 | ||
| Sortino ratioReturn per unit of downside risk | -39.26 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 9.98 | -9.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 59.77 | -60.52 |
| Martin ratioReturn relative to average drawdown | -1.13 | 531.84 | -532.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BXSL | BOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | 12.84 | -13.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 12.91 | -12.62 |
Drawdowns
BXSL vs. BOXX - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for BXSL and BOXX.
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Drawdown Indicators
| BXSL | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -0.12% | -36.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -0.07% | -23.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -0.12% | -24.09% |
Current DrawdownCurrent decline from peak | -22.50% | 0.00% | -22.50% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -0.00% | -14.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.37% | 0.01% | +15.36% |
Volatility
BXSL vs. BOXX - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.04% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.09%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 0.09% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 0.25% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 0.32% | +19.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 0.37% | +23.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.73% | 0.37% | +23.36% |
Dividends
BXSL vs. BOXX - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.24%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% |
BXSL Blackstone Secured Lending Fund | 13.24% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
Frequently Asked Questions
BXSL and BOXX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.04%) compared to BOXX (0.09%). In terms of maximum drawdown, BXSL dropped -36.80% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.84 vs -0.87), 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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