BXSL vs. PFFA
BXSL (Blackstone Secured Lending Fund) is a stock, while PFFA (Virtus InfraCap U.S. Preferred Stock ETF) is Preferred Stock/Convertible Bonds fund actively managed by Virtus Investment Partners. Over the past 3 years, BXSL returned 6.33%/yr vs 14.10%/yr for PFFA. At a 0.31 correlation, their price movements are largely independent.
Performance
BXSL vs. PFFA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BXSL achieves a -7.25% return, which is significantly lower than PFFA's 2.26% return.
BXSL
- 1D
- 1.77%
- 1M
- 1.29%
- YTD
- -7.25%
- 6M
- -6.64%
- 1Y
- -14.26%
- 3Y*
- 6.33%
- 5Y*
- —
- 10Y*
- —
PFFA
- 1D
- -0.28%
- 1M
- -0.23%
- YTD
- 2.26%
- 6M
- 1.93%
- 1Y
- 11.54%
- 3Y*
- 14.10%
- 5Y*
- 6.09%
- 10Y*
- —
BXSL vs. PFFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -7.25% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 2.26% | 8.22% | 16.11% | 26.45% | -20.91% | 1.66% |
Correlation
The correlation between BXSL and PFFA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BXSL vs. PFFA — Risk / Return Rank
BXSL
PFFA
BXSL vs. PFFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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 | PFFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.79 | -2.40 |
| Martin ratioReturn relative to average drawdown | -0.89 | 5.90 | -6.79 |
Loading charts...
Drawdowns
BXSL vs. PFFA - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for BXSL and PFFA.
Loading charts...
Drawdown Indicators
| BXSL | PFFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -70.52% | +33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -6.49% | -16.98% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -12.15% | -12.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Current DrawdownCurrent decline from peak | -21.27% | -2.28% | -18.99% |
Average DrawdownAverage peak-to-trough decline | -14.19% | -6.62% | -7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.04% | 1.96% | +14.08% |
Volatility
BXSL vs. PFFA - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.58% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.13%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than PFFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BXSL | PFFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 2.13% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.59% | 5.91% | +10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 7.16% | +13.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.82% | 11.54% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 31.74% | -7.92% |
Dividends
BXSL vs. PFFA - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.03%, more than PFFA's 9.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.03% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.79% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% |
Frequently Asked Questions
BXSL and PFFA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.58%) compared to PFFA (2.13%). In terms of maximum drawdown, BXSL dropped -36.80% vs PFFA's -70.52%.
PFFA currently has the higher Sharpe Ratio (1.62 vs -0.71), 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.
Find the right allocation for BXSL and PFFA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer