BXSL vs. SCHF
BXSL (Blackstone Secured Lending Fund) is a stock, while SCHF (Schwab International Equity ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Over the past 3 years, BXSL returned 7.49%/yr vs 19.18%/yr for SCHF. At a 0.33 correlation, their price movements are largely independent.
Performance
BXSL vs. SCHF - 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 SCHF's 15.39% return.
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
SCHF
- 1D
- 0.29%
- 1M
- 1.69%
- YTD
- 15.39%
- 6M
- 17.24%
- 1Y
- 31.75%
- 3Y*
- 19.18%
- 5Y*
- 9.76%
- 10Y*
- 10.82%
BXSL vs. SCHF - 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% |
SCHF Schwab International Equity ETF | 15.39% | 34.55% | 3.28% | 18.35% | -14.80% | -0.16% |
Correlation
The correlation between BXSL and SCHF is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.33 |
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Return for Risk
BXSL vs. SCHF — Risk / Return Rank
BXSL
SCHF
BXSL vs. SCHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Schwab International Equity ETF (SCHF). 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 | SCHF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.33 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.64 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.01 | 10.14 | -11.16 |
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Drawdowns
BXSL vs. SCHF - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for BXSL and SCHF.
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Drawdown Indicators
| BXSL | SCHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -34.87% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -11.48% | -11.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -13.41% | -10.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.87% | — |
Current DrawdownCurrent decline from peak | -20.54% | -1.00% | -19.54% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -7.37% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.73% | 2.99% | +12.74% |
Volatility
BXSL vs. SCHF - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.42%, while Schwab International Equity ETF (SCHF) has a volatility of 6.91%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | SCHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 6.91% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 14.42% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 16.67% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 16.56% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 17.24% | +6.61% |
Dividends
BXSL vs. SCHF - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.91%, more than SCHF's 2.96% 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% |
SCHF Schwab International Equity ETF | 2.96% | 3.42% | 3.26% | 2.97% | 2.80% | 3.19% | 2.08% | 2.95% | 3.06% | 2.35% | 2.58% | 2.26% |
Frequently Asked Questions
BXSL and SCHF have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHF has higher volatility (6.91%) compared to BXSL (5.42%). In terms of maximum drawdown, BXSL dropped -36.80% vs SCHF's -34.87%.
SCHF currently has the higher Sharpe Ratio (1.82 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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