BXSL vs. IAUM
BXSL (Blackstone Secured Lending Fund) is a stock, while IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, BXSL returned 7.49%/yr vs 29.28%/yr for IAUM. At a 0.06 correlation, their price movements are largely independent.
Performance
BXSL vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -6.39% return, which is significantly lower than IAUM's -2.40% return.
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
IAUM
- 1D
- 0.10%
- 1M
- -9.51%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
BXSL vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -6.39% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 1.84% |
Correlation
The correlation between BXSL and IAUM is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.06 |
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Return for Risk
BXSL vs. IAUM — Risk / Return Rank
BXSL
IAUM
BXSL vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.19 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 1.00 | -1.68 |
| Martin ratioReturn relative to average drawdown | -1.01 | 2.87 | -3.88 |
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Drawdowns
BXSL vs. IAUM - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than IAUM's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for BXSL and IAUM.
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Drawdown Indicators
| BXSL | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -24.37% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -24.37% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -24.37% | +0.16% |
Current DrawdownCurrent decline from peak | -20.54% | -21.99% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -5.38% | -8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.73% | 8.46% | +7.27% |
Volatility
BXSL vs. IAUM - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.42%, while iShares Gold Trust Micro (IAUM) has a volatility of 7.71%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 7.71% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 23.82% | -7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 27.06% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 18.05% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 18.05% | +5.80% |
Dividends
BXSL vs. IAUM - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.91%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.91% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BXSL and IAUM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (7.71%) compared to BXSL (5.42%). In terms of maximum drawdown, BXSL dropped -36.80% vs IAUM's -24.37%.
IAUM currently has the higher Sharpe Ratio (0.90 vs -0.79), 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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