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BXSL vs. VGUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BXSL vs. VGUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackstone Secured Lending Fund (BXSL) and Vanguard Ultra-Short Treasury ETF (VGUS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BXSL achieves a -4.62% return, which is significantly lower than VGUS's 1.85% return.


BXSL

1D
0.26%
1M
2.27%
6M
-4.15%
YTD
-4.62%
1Y
-16.61%
3Y*
5.60%
5Y*
10Y*

VGUS

1D
0.01%
1M
0.28%
6M
1.73%
YTD
1.85%
1Y
3.87%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

BXSL vs. VGUS - Yearly Performance Comparison


2026 (YTD)2025
BXSL
Blackstone Secured Lending Fund
-4.62%-11.68%
VGUS
Vanguard Ultra-Short Treasury ETF
1.85%3.78%

Correlation

The correlation between BXSL and VGUS is -0.07, 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

-0.07

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2025

-0.06

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Return for Risk

BXSL vs. VGUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BXSL
BXSL Risk / Return Rank: 1515
Overall Rank
BXSL Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
BXSL Sortino Ratio Rank: 1111
Sortino Ratio Rank
BXSL Omega Ratio Rank: 1414
Omega Ratio Rank
BXSL Calmar Ratio Rank: 1818
Calmar Ratio Rank
BXSL Martin Ratio Rank: 2424
Martin Ratio Rank

VGUS
VGUS Risk / Return Rank: 100100
Overall Rank
VGUS Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
VGUS Sortino Ratio Rank: 100100
Sortino Ratio Rank
VGUS Omega Ratio Rank: 100100
Omega Ratio Rank
VGUS Calmar Ratio Rank: 9999
Calmar Ratio Rank
VGUS Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BXSL vs. VGUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Vanguard Ultra-Short Treasury ETF (VGUS). 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.


BXSLVGUSDifference
Sharpe ratioReturn per unit of total volatility

-12.72

Sortino ratioReturn per unit of downside risk

-35.32

Omega ratioGain probability vs. loss probability

0.88

10.39

-9.51

Calmar ratioReturn relative to maximum drawdown

-0.71

53.40

-54.11

Martin ratioReturn relative to average drawdown

-1.00

403.94

-404.94

BXSL vs. VGUS - Sharpe Ratio Comparison

The current BXSL Sharpe Ratio is -0.81, which is lower than the VGUS Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of BXSL and VGUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

BXSL vs. VGUS - Drawdown Comparison

The maximum BXSL drawdown since its inception was -36.80%, which is greater than VGUS's maximum drawdown of -0.07%. Use the drawdown chart below to compare losses from any high point for BXSL and VGUS.


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Drawdown Indicators


BXSLVGUSDifference

Max Drawdown

Largest peak-to-trough decline

-36.80%

-0.07%

-36.73%

Max Drawdown (1Y)

Largest decline over 1 year

-23.47%

-0.07%

-23.40%

Max Drawdown (3Y)

Largest decline over 3 years

-24.21%

Current Drawdown

Current decline from peak

-19.04%

0.00%

-19.04%

Average Drawdown

Average peak-to-trough decline

-14.25%

-0.00%

-14.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.68%

0.01%

+16.67%

Volatility

BXSL vs. VGUS - Volatility Comparison

Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.13% compared to Vanguard Ultra-Short Treasury ETF (VGUS) at 0.07%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than VGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BXSLVGUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.13%

0.07%

+5.06%

Volatility (6M)

Calculated over the trailing 6-month period

16.12%

0.18%

+15.94%

Volatility (1Y)

Calculated over the trailing 1-year period

20.52%

0.33%

+20.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.75%

0.34%

+23.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.75%

0.34%

+23.41%

Dividends

BXSL vs. VGUS - Dividend Comparison

BXSL's dividend yield for the trailing twelve months is around 13.08%, more than VGUS's 3.61% yield.


PositionTTM20252024202320222021
BXSL
Blackstone Secured Lending Fund
13.08%11.70%9.53%10.64%13.02%1.56%
VGUS
Vanguard Ultra-Short Treasury ETF
3.61%3.12%0.00%0.00%0.00%0.00%

Frequently Asked Questions


BXSL and VGUS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BXSL has higher volatility (5.13%) compared to VGUS (0.07%). In terms of maximum drawdown, BXSL dropped -36.80% vs VGUS's -0.07%.

VGUS currently has the higher Sharpe Ratio (11.91 vs -0.81), 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.

Portfolio Optimizer

Find the right allocation for BXSL and VGUS

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