BXSL vs. VGUS
BXSL (Blackstone Secured Lending Fund) is a stock, while VGUS (Vanguard Ultra-Short Treasury ETF) is Ultrashort Bond fund tracking the Bloomberg Short Treasury Index. Over the past year, BXSL returned -13.46% vs 3.78% for VGUS. Their -0.06 correlation means they have often moved in opposite directions in the past.
Performance
BXSL vs. VGUS - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -3.65% return, which is significantly lower than VGUS's 2.05% return.
BXSL
- 1D
- 0.98%
- 1M
- 0.04%
- 6M
- 3.59%
- YTD
- -3.65%
- 1Y
- -13.46%
- 3Y*
- 5.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.13%
VGUS
- 1D
- 0.01%
- 1M
- 0.31%
- 6M
- 1.74%
- YTD
- 2.05%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.69M | $37.65M | $42.77M | |
| $6.83M | $7.89M | $10.60M |
BXSL vs. VGUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BXSL Blackstone Secured Lending Fund | -3.65% | -11.68% |
VGUS Vanguard Ultra-Short Treasury ETF | 2.05% | 3.78% |
Correlation
The correlation between BXSL and VGUS is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -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
BXSL
VGUS
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.
| BXSL | VGUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.73 | ||
| Sortino ratioReturn per unit of downside risk | -37.62 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 11.37 | -10.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 52.18 | -52.85 |
| Martin ratioReturn relative to average drawdown | -0.98 | 414.28 | -415.26 |
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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
| BXSL | VGUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -0.07% | -36.73% |
Max Drawdown (1Y)Largest decline over 1 year | -20.06% | -0.07% | -19.99% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | — | — |
Current DrawdownCurrent decline from peak | -18.21% | 0.00% | -18.21% |
Average DrawdownAverage peak-to-trough decline | -14.32% | 0.00% | -14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.75% | 0.01% | +13.74% |
Volatility
BXSL vs. VGUS - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.15% compared to Vanguard Ultra-Short Treasury ETF (VGUS) at 0.05%. 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
| BXSL | VGUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 0.05% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 0.18% | +15.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 0.29% | +20.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 0.33% | +23.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 0.33% | +23.38% |
Dividends
BXSL vs. VGUS - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 12.95%, more than VGUS's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.95% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% |
VGUS Vanguard Ultra-Short Treasury ETF | 3.60% | 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 (5.15%) compared to VGUS (0.05%). In terms of maximum drawdown, BXSL dropped -36.80% vs VGUS's -0.07%.
VGUS currently has the higher Sharpe Ratio (13.08 vs -0.65), 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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