BXSL vs. SCHD
BXSL (Blackstone Secured Lending Fund) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 3 years, BXSL returned 6.33%/yr vs 14.60%/yr for SCHD. At a 0.35 correlation, their price movements are largely independent.
Performance
BXSL vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -7.25% return, which is significantly lower than SCHD's 17.72% return.
BXSL
- 1D
- 1.77%
- 1M
- 1.29%
- YTD
- -7.25%
- 6M
- -6.64%
- 1Y
- -14.26%
- 3Y*
- 6.33%
- 5Y*
- —
- 10Y*
- —
SCHD
- 1D
- 0.41%
- 1M
- -2.47%
- YTD
- 17.72%
- 6M
- 17.25%
- 1Y
- 24.56%
- 3Y*
- 14.60%
- 5Y*
- 8.71%
- 10Y*
- 12.72%
BXSL vs. SCHD - 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% |
SCHD Schwab U.S. Dividend Equity ETF | 17.72% | 4.34% | 11.66% | 4.54% | -3.26% | 5.93% |
Correlation
The correlation between BXSL and SCHD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.35 |
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Return for Risk
BXSL vs. SCHD — Risk / Return Rank
BXSL
SCHD
BXSL vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Schwab U.S. Dividend Equity ETF (SCHD). 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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.40 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 5.35 | -5.96 |
| Martin ratioReturn relative to average drawdown | -0.89 | 12.94 | -13.83 |
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Drawdowns
BXSL vs. SCHD - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BXSL and SCHD.
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Drawdown Indicators
| BXSL | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -33.37% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -4.61% | -18.86% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -16.13% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.37% | — |
Current DrawdownCurrent decline from peak | -21.27% | -2.47% | -18.80% |
Average DrawdownAverage peak-to-trough decline | -14.19% | -3.31% | -10.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.04% | 1.90% | +14.14% |
Volatility
BXSL vs. SCHD - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.58% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 3.58% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.59% | 7.73% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 11.07% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.82% | 14.36% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 16.71% | +7.11% |
Dividends
BXSL vs. SCHD - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.03%, more than SCHD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.03% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.30% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
BXSL and SCHD have a correlation of 0.28, 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 SCHD (3.58%). In terms of maximum drawdown, BXSL dropped -36.80% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.23 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.
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