BXSL vs. DBC
BXSL (Blackstone Secured Lending Fund) is a stock, while DBC (Invesco DB Commodity Index Tracking Fund) is Commodities fund tracking the DBIQ Optimum Yield Diversified Commodity Index Excess Return. Over the past 3 years, BXSL returned 5.19%/yr vs 9.77%/yr for DBC. Their 0.06 correlation means their historical movements had little consistent relationship.
Performance
BXSL vs. DBC - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -3.65% return, which is significantly lower than DBC's 26.61% return.
BXSL
- 1D
- 0.98%
- 1M
- 0.04%
- 6M
- 3.59%
- YTD
- -3.65%
- 1Y
- -13.46%
- 3Y*
- 5.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.13%
DBC
- 1D
- -1.97%
- 1M
- 6.55%
- 6M
- 17.23%
- YTD
- 26.61%
- 1Y
- 32.95%
- 3Y*
- 9.77%
- 5Y*
- 11.16%
- 10Y*
- 8.84%
- ALL TIME*
- 1.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.69M | $37.65M | $42.77M | |
| $31.62M | $30.85M | $33.84M |
BXSL vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -3.65% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
DBC Invesco DB Commodity Index Tracking Fund | 26.61% | 8.10% | 2.18% | -6.19% | 19.34% | -2.67% |
Correlation
The correlation between BXSL and DBC is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.06 |
The correlation between BXSL and DBC shifts across timeframes, from -0.12 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BXSL vs. DBC — Risk / Return Rank
BXSL
DBC
BXSL vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Invesco DB Commodity Index Tracking Fund (DBC). 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 | DBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.00 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.98 | 6.57 | -7.55 |
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Drawdowns
BXSL vs. DBC - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for BXSL and DBC.
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Drawdown Indicators
| BXSL | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -76.36% | +39.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.06% | -16.54% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -16.54% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -18.21% | -26.76% | +8.55% |
Average DrawdownAverage peak-to-trough decline | -14.32% | -46.06% | +31.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.75% | 5.03% | +8.72% |
Volatility
BXSL vs. DBC - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.15%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 7.68%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 7.68% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 16.78% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 19.70% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 19.33% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 17.89% | +5.82% |
Dividends
BXSL vs. DBC - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.95%, more than DBC's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.95% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 2.63% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Frequently Asked Questions
BXSL and DBC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBC has higher volatility (7.68%) compared to BXSL (5.15%). In terms of maximum drawdown, BXSL dropped -36.80% vs DBC's -76.36%.
DBC currently has the higher Sharpe Ratio (1.68 vs -0.65), 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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