BXSL vs. BXMT
BXSL (Blackstone Secured Lending Fund) and BXMT (Blackstone Mortgage Trust, Inc.) are both stocks. BXSL operates in Asset Management (Financial Services), while BXMT operates in REIT - Mortgage (Real Estate). Over the past 3 years, BXSL returned 4.19%/yr vs -3.97%/yr for BXMT. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
BXSL vs. BXMT - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -6.41% return, which is significantly higher than BXMT's -19.93% return.
BXSL
- 1D
- -0.26%
- 1M
- -2.82%
- 6M
- -3.96%
- YTD
- -6.41%
- 1Y
- -16.28%
- 3Y*
- 4.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.49%
BXMT
- 1D
- -2.87%
- 1M
- -15.71%
- 6M
- -20.43%
- YTD
- -19.93%
- 1Y
- -13.66%
- 3Y*
- -3.97%
- 5Y*
- -5.42%
- 10Y*
- 2.56%
- ALL TIME*
- 4.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.63M | $30.38M | $28.02M | |
| $37.14M | $38.04M | $43.29M |
BXSL vs. BXMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -6.41% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
BXMT Blackstone Mortgage Trust, Inc. | -19.93% | 21.13% | -7.90% | 13.46% | -24.03% | -3.71% |
Correlation
The correlation between BXSL and BXMT is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.33 |
The correlation between BXSL and BXMT shifts across timeframes, from 0.33 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BXSL:
$5.37B
BXMT:
$2.45B
BXSL:
$1.79
BXMT:
$0.09
BXSL:
12.88
BXMT:
160.30
BXSL:
7.53
BXMT:
1.90
BXSL:
0.88
BXMT:
0.75
BXSL:
$706.98M
BXMT:
$1.30B
BXSL:
$831.73M
BXMT:
$648.75M
BXSL:
$525.53M
BXMT:
$837.63M
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Return for Risk
BXSL vs. BXMT — Risk / Return Rank
BXSL
BXMT
BXSL vs. BXMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Blackstone Mortgage Trust, Inc. (BXMT). 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.
| BXSL | BXMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.92 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.50 | -0.36 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.80 | +0.55 |
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Drawdowns
BXSL vs. BXMT - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum BXMT drawdown of -97.98%. Use the drawdown chart below to compare losses from any high point for BXSL and BXMT.
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Drawdown Indicators
| BXSL | BXMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -97.98% | +61.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.13% | -26.10% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -26.10% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.86% | — |
Current DrawdownCurrent decline from peak | -20.55% | -46.25% | +25.70% |
Average DrawdownAverage peak-to-trough decline | -14.31% | -49.01% | +34.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 7.17% | +7.52% |
Volatility
BXSL vs. BXMT - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.25%, while Blackstone Mortgage Trust, Inc. (BXMT) has a volatility of 10.82%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than BXMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | BXMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 10.82% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 19.43% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 23.80% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 27.99% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 32.79% | -9.08% |
Dividends
BXSL vs. BXMT - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.33%, more than BXMT's 12.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | 12.93% | 9.83% | 12.52% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% |
BXSL Blackstone Secured Lending Fund | 13.33% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BXSL vs. BXMT - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Secured Lending Fund and Blackstone Mortgage Trust, 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
Frequently Asked Questions
BXSL and BXMT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXMT has higher volatility (10.82%) compared to BXSL (5.25%). In terms of maximum drawdown, BXSL dropped -36.80% vs BXMT's -97.98%.
BXMT currently has the higher Sharpe Ratio (-0.55 vs -0.83), 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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