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.
Key characteristics
BXSL | SPY | |
---|---|---|
YTD Return | 15.01% | 18.37% |
1Y Return | 19.68% | 26.96% |
Sharpe Ratio | 1.42 | 2.14 |
Daily Std Dev | 14.07% | 12.67% |
Max Drawdown | -36.85% | -55.19% |
Current Drawdown | -4.58% | -1.02% |
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
In the year-to-date period, BXSL achieves a 15.01% return, which is significantly lower than SPY's 18.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 10.18%, more than SPY's 1.22% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Blackstone Secured Lending Fund | 10.18% | 10.64% | 12.93% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 0.94% | 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 -36.85%, 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
The current volatility for Blackstone Secured Lending Fund (BXSL) is 2.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.24%. This indicates that BXSL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.