BXSL vs. SIVR
BXSL (Blackstone Secured Lending Fund) is a stock, while SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt). Over the past 3 years, BXSL returned 7.49%/yr vs 41.59%/yr for SIVR. At a 0.08 correlation, their price movements are largely independent.
Performance
BXSL vs. SIVR - 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 SIVR's -4.75% return.
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
SIVR
- 1D
- 0.78%
- 1M
- -18.81%
- YTD
- -4.75%
- 6M
- 9.46%
- 1Y
- 86.32%
- 3Y*
- 41.59%
- 5Y*
- 19.07%
- 10Y*
- 14.22%
BXSL vs. SIVR - 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% |
SIVR abrdn Physical Silver Shares ETF | -4.75% | 145.34% | 21.08% | -0.91% | 2.59% | -3.57% |
Correlation
The correlation between BXSL and SIVR is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.08 |
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Return for Risk
BXSL vs. SIVR — Risk / Return Rank
BXSL
SIVR
BXSL vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.29 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 1.90 | -2.58 |
| Martin ratioReturn relative to average drawdown | -1.01 | 4.12 | -5.14 |
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Drawdowns
BXSL vs. SIVR - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for BXSL and SIVR.
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Drawdown Indicators
| BXSL | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -75.85% | +39.05% |
Max Drawdown (1Y)Largest decline over 1 year | -23.47% | -45.33% | +21.86% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -45.33% | +21.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.33% | — |
Current DrawdownCurrent decline from peak | -20.54% | -41.89% | +21.35% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -47.83% | +33.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.73% | 20.85% | -5.12% |
Volatility
BXSL vs. SIVR - Volatility Comparison
The current volatility for Blackstone Secured Lending Fund (BXSL) is 5.42%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.37%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 16.37% | -10.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 59.11% | -42.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 59.76% | -39.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.85% | 36.48% | -12.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 32.03% | -8.18% |
Dividends
BXSL vs. SIVR - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.91%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.91% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BXSL and SIVR have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.37%) compared to BXSL (5.42%). In terms of maximum drawdown, BXSL dropped -36.80% vs SIVR's -75.85%.
SIVR currently has the higher Sharpe Ratio (1.44 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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