BXSL vs. JANW
BXSL (Blackstone Secured Lending Fund) is a stock, while JANW (AllianzIM U.S. Large Cap Buffer20 Jan ETF) is Options Trading fund actively managed by Allianz. Over the past 3 years, BXSL returned 7.49%/yr vs 10.44%/yr for JANW. At a 0.33 correlation, their price movements are largely independent.
Performance
BXSL vs. JANW - 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 JANW's 4.00% return.
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
JANW
- 1D
- 0.18%
- 1M
- 0.23%
- YTD
- 4.00%
- 6M
- 4.45%
- 1Y
- 12.31%
- 3Y*
- 10.44%
- 5Y*
- 8.08%
- 10Y*
- —
BXSL vs. JANW - 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% |
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 4.00% | 10.05% | 10.99% | 14.56% | -0.60% | 0.51% |
Correlation
The correlation between BXSL and JANW is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.33 |
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Return for Risk
BXSL vs. JANW — Risk / Return Rank
BXSL
JANW
BXSL vs. JANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW). 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 | JANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.79 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.54 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 3.23 | -3.91 |
| Martin ratioReturn relative to average drawdown | -1.01 | 17.55 | -18.56 |
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Drawdowns
BXSL vs. JANW - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than JANW's maximum drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for BXSL and JANW.
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Drawdown Indicators
| BXSL | JANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -9.69% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -3.65% | -19.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -8.66% | -15.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.69% | — |
Current DrawdownCurrent decline from peak | -20.54% | -0.54% | -20.00% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -1.23% | -12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.73% | 0.67% | +15.06% |
Volatility
BXSL vs. JANW - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.42% compared to AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) at 1.31%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than JANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | JANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 1.31% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 3.83% | +12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 4.71% | +15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 6.79% | +17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 6.67% | +17.18% |
Dividends
BXSL vs. JANW - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.91%, while JANW 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% |
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BXSL and JANW have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.42%) compared to JANW (1.31%). In terms of maximum drawdown, BXSL dropped -36.80% vs JANW's -9.69%.
JANW currently has the higher Sharpe Ratio (2.50 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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