BXSL vs. SPY
Compare and contrast key facts about Blackstone Secured Lending Fund (BXSL) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BXSL or SPY.
Correlation
The correlation between BXSL and SPY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BXSL vs. SPY - Performance Comparison
Key characteristics
BXSL:
1.08
SPY:
0.68
BXSL:
1.54
SPY:
0.98
BXSL:
1.20
SPY:
1.13
BXSL:
1.74
SPY:
0.95
BXSL:
4.61
SPY:
3.13
BXSL:
3.54%
SPY:
3.03%
BXSL:
15.14%
SPY:
13.89%
BXSL:
-36.80%
SPY:
-55.19%
BXSL:
-3.60%
SPY:
-7.62%
Returns By Period
In the year-to-date period, BXSL achieves a 2.93% return, which is significantly higher than SPY's -3.39% return.
BXSL
2.93%
-0.75%
16.21%
17.02%
N/A
N/A
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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Risk-Adjusted Performance
BXSL vs. SPY — Risk-Adjusted Performance Rank
BXSL
SPY
BXSL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BXSL vs. SPY - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 9.48%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 9.48% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BXSL vs. SPY - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BXSL and SPY. For additional features, visit the drawdowns tool.
Volatility
BXSL vs. SPY - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 6.28% compared to SPDR S&P 500 ETF (SPY) at 5.76%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.