BXSL vs. OBDC
BXSL (Blackstone Secured Lending Fund) and OBDC (Blue Owl Capital Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, BXSL returned 4.19%/yr vs 2.78%/yr for OBDC. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
BXSL vs. OBDC - 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 OBDC's -7.91% 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%
OBDC
- 1D
- -0.37%
- 1M
- -0.65%
- 6M
- -4.61%
- YTD
- -7.91%
- 1Y
- -13.74%
- 3Y*
- 2.78%
- 5Y*
- 5.37%
- 10Y*
- —
- ALL TIME*
- 5.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.14M | $38.04M | $43.29M | |
| $37.00M | $38.16M | $40.41M |
BXSL vs. OBDC - 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% |
OBDC Blue Owl Capital Corporation | -7.91% | -7.87% | 14.69% | 43.51% | -9.48% | 0.83% |
Correlation
The correlation between BXSL and OBDC is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.53 |
Over the past year, BXSL and OBDC have become more correlated (0.75) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
BXSL:
$5.37B
OBDC:
$5.34B
BXSL:
$1.79
OBDC:
$1.08
BXSL:
12.88
OBDC:
10.00
BXSL:
7.53
OBDC:
4.06
BXSL:
0.88
OBDC:
0.75
BXSL:
$706.98M
OBDC:
$1.34B
BXSL:
$831.73M
OBDC:
$616.29M
BXSL:
$525.53M
OBDC:
$539.15M
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Return for Risk
BXSL vs. OBDC — Risk / Return Rank
BXSL
OBDC
BXSL vs. OBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Blue Owl Capital Corporation (OBDC). 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 | OBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.91 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.75 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.25 | 0.00 |
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Drawdowns
BXSL vs. OBDC - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum OBDC drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for BXSL and OBDC.
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Drawdown Indicators
| BXSL | OBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -56.07% | +19.27% |
Max Drawdown (1Y)Largest decline over 1 year | -20.13% | -20.09% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -23.90% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.26% | — |
Current DrawdownCurrent decline from peak | -20.55% | -19.57% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -14.31% | -10.83% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 11.98% | +2.71% |
Volatility
BXSL vs. OBDC - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) and Blue Owl Capital Corporation (OBDC) have volatilities of 5.25% and 5.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | OBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 5.15% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 18.88% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 23.58% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 20.83% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 26.93% | -3.22% |
Dividends
BXSL vs. OBDC - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.33%, which matches OBDC's 13.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.33% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% |
OBDC Blue Owl Capital Corporation | 13.40% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% |
Financials
BXSL vs. OBDC - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Secured Lending Fund and Blue Owl Capital Corporation. 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 OBDC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.25%) compared to OBDC (5.15%). In terms of maximum drawdown, BXSL dropped -36.80% vs OBDC's -56.07%.
OBDC currently has the higher Sharpe Ratio (-0.64 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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