BXSL vs. SCHC
BXSL (Blackstone Secured Lending Fund) is a stock, while SCHC (Schwab International Small-Cap Equity ETF) is Foreign Small & Mid Cap Equities fund tracking the FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux). Over the past 3 years, BXSL returned 7.49%/yr vs 17.06%/yr for SCHC. At a 0.32 correlation, their price movements are largely independent.
Performance
BXSL vs. SCHC - 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 SCHC's 9.25% return.
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
SCHC
- 1D
- 0.71%
- 1M
- -2.36%
- YTD
- 9.25%
- 6M
- 11.25%
- 1Y
- 25.49%
- 3Y*
- 17.06%
- 5Y*
- 6.10%
- 10Y*
- 8.48%
BXSL vs. SCHC - 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% |
SCHC Schwab International Small-Cap Equity ETF | 9.25% | 37.59% | 1.97% | 14.36% | -21.74% | -2.39% |
Correlation
The correlation between BXSL and SCHC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
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 | 0.32 |
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Return for Risk
BXSL vs. SCHC — Risk / Return Rank
BXSL
SCHC
BXSL vs. SCHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Schwab International Small-Cap Equity ETF (SCHC). 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 | SCHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.27 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 1.93 | -2.61 |
| Martin ratioReturn relative to average drawdown | -1.01 | 7.12 | -8.13 |
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Drawdowns
BXSL vs. SCHC - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum SCHC drawdown of -43.94%. Use the drawdown chart below to compare losses from any high point for BXSL and SCHC.
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Drawdown Indicators
| BXSL | SCHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -43.94% | +7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -12.48% | -10.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -15.52% | -8.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.94% | — |
Current DrawdownCurrent decline from peak | -20.54% | -3.49% | -17.05% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -10.04% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.73% | 3.38% | +12.35% |
Volatility
BXSL vs. SCHC - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.42%, while Schwab International Small-Cap Equity ETF (SCHC) has a volatility of 6.31%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than SCHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | SCHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 6.31% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 13.88% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 16.21% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 17.62% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 18.02% | +5.83% |
Dividends
BXSL vs. SCHC - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.91%, more than SCHC's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.91% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHC Schwab International Small-Cap Equity ETF | 3.35% | 3.66% | 3.72% | 2.94% | 1.78% | 3.02% | 1.62% | 3.23% | 2.51% | 2.73% | 2.01% | 2.34% |
Frequently Asked Questions
BXSL and SCHC have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHC has higher volatility (6.31%) compared to BXSL (5.42%). In terms of maximum drawdown, BXSL dropped -36.80% vs SCHC's -43.94%.
SCHC currently has the higher Sharpe Ratio (1.49 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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