BXSL vs. SHV
BXSL (Blackstone Secured Lending Fund) is a stock, while SHV (iShares 0-1 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE Short US Treasury Securities Index. Over the past 3 years, BXSL returned 6.64%/yr vs 4.58%/yr for SHV. At a 0.01 correlation, their price movements are largely independent.
Performance
BXSL vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -1.99% return, which is significantly lower than SHV's 1.84% return.
BXSL
- 1D
- 2.76%
- 1M
- 4.92%
- 6M
- -2.14%
- YTD
- -1.99%
- 1Y
- -15.69%
- 3Y*
- 6.64%
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.72%
- YTD
- 1.84%
- 1Y
- 3.81%
- 3Y*
- 4.58%
- 5Y*
- 3.40%
- 10Y*
- 2.26%
BXSL vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -1.99% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.84% | 4.21% | 5.12% | 5.04% | 0.94% | -0.03% |
Correlation
The correlation between BXSL and SHV is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.01 |
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Return for Risk
BXSL vs. SHV — Risk / Return Rank
BXSL
SHV
BXSL vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.93 | ||
| Sortino ratioReturn per unit of downside risk | -93.53 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 30.49 | -29.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 140.72 | -141.39 |
| Martin ratioReturn relative to average drawdown | -0.94 | 1,495.85 | -1,496.79 |
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Drawdowns
BXSL vs. SHV - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for BXSL and SHV.
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Drawdown Indicators
| BXSL | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -0.45% | -36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -0.03% | -23.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -0.03% | -24.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -16.80% | 0.00% | -16.80% |
Average DrawdownAverage peak-to-trough decline | -14.26% | -0.03% | -14.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.71% | 0.00% | +16.71% |
Volatility
BXSL vs. SHV - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.74% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.08%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 0.08% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 0.14% | +16.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 0.21% | +20.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.77% | 0.29% | +23.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 0.28% | +23.49% |
Dividends
BXSL vs. SHV - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.73%, more than SHV's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.73% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.78% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
BXSL and SHV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.74%) compared to SHV (0.08%). In terms of maximum drawdown, BXSL dropped -36.80% vs SHV's -0.45%.
SHV currently has the higher Sharpe Ratio (18.17 vs -0.76), 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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