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BXSL vs. QYLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BXSL vs. QYLD

Last updated May 18, 2025

Compare and contrast key facts about Blackstone Secured Lending Fund (BXSL) and Global X NASDAQ 100 Covered Call ETF (QYLD).

QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXSL or QYLD.

Correlation

The correlation between BXSL and QYLD is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

BXSL vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Secured Lending Fund (BXSL) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BXSL:

0.17

QYLD:

-0.15

Sortino Ratio

BXSL:

0.24

QYLD:

-0.11

Omega Ratio

BXSL:

1.04

QYLD:

0.98

Calmar Ratio

BXSL:

0.06

QYLD:

-0.08

Martin Ratio

BXSL:

0.24

QYLD:

-0.58

Ulcer Index

BXSL:

6.52%

QYLD:

5.51%

Daily Std Dev

BXSL:

21.78%

QYLD:

19.26%

Max Drawdown

BXSL:

-41.26%

QYLD:

-40.69%

Current Drawdown

BXSL:

-15.94%

QYLD:

-34.12%

Returns By Period

In the year-to-date period, BXSL achieves a -2.07% return, which is significantly higher than QYLD's -7.87% return.

BXSL

YTD

-2.07%

1M

9.48%

6M

2.53%

1Y

3.33%

5Y*

N/A

10Y*

N/A

QYLD

YTD

-7.87%

1M

2.87%

6M

-5.45%

1Y

-3.03%

5Y*

-3.55%

10Y*

-3.14%

*Annualized

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Risk-Adjusted Performance

BXSL vs. QYLD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BXSL
The Risk-Adjusted Performance Rank of BXSL is 5151
Overall Rank
The Sharpe Ratio Rank of BXSL is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of BXSL is 4343
Sortino Ratio Rank
The Omega Ratio Rank of BXSL is 4343
Omega Ratio Rank
The Calmar Ratio Rank of BXSL is 5454
Calmar Ratio Rank
The Martin Ratio Rank of BXSL is 5454
Martin Ratio Rank
QYLD
The Risk-Adjusted Performance Rank of QYLD is 1010
Overall Rank
The Sharpe Ratio Rank of QYLD is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of QYLD is 1010
Sortino Ratio Rank
The Omega Ratio Rank of QYLD is 1010
Omega Ratio Rank
The Calmar Ratio Rank of QYLD is 1111
Calmar Ratio Rank
The Martin Ratio Rank of QYLD is 88
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BXSL vs. QYLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

The current BXSL Sharpe Ratio is 0.17, which is higher than the QYLD Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of BXSL and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

BXSL vs. QYLD - Dividend Comparison

BXSL's dividend yield for the trailing twelve months is around 9.73%, less than QYLD's 13.68% yield.

TTM20242023202220212020201920182017201620152014
BXSL
Blackstone Secured Lending Fund		9.73%9.53%10.64%13.02%1.56%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		13.68%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%10.74%

Drawdowns

BXSL vs. QYLD - Drawdown Comparison

The maximum BXSL drawdown since its inception was -41.26%, roughly equal to the maximum QYLD drawdown of -40.69%. Use the drawdown chart below to compare losses from any high point for BXSL and QYLD. For additional features, visit the drawdowns tool.

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Volatility

BXSL vs. QYLD - Volatility Comparison

Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.44% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.16%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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