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 0.34, 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:
2.00
SPY:
2.21
BXSL:
2.69
SPY:
2.93
BXSL:
1.35
SPY:
1.41
BXSL:
2.94
SPY:
3.26
BXSL:
8.62
SPY:
14.43
BXSL:
3.19%
SPY:
1.90%
BXSL:
13.76%
SPY:
12.41%
BXSL:
-36.80%
SPY:
-55.19%
BXSL:
-1.04%
SPY:
-2.74%
Returns By Period
The year-to-date returns for both stocks are quite close, with BXSL having a 25.74% return and SPY slightly lower at 25.54%.
BXSL
25.74%
2.71%
6.55%
27.56%
N/A
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
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 9.55%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 9.55% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 4.55% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.