BXSL vs. VOO
BXSL (Blackstone Secured Lending Fund) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, BXSL returned 4.19%/yr vs 19.42%/yr for VOO. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
BXSL vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -6.41% return, which is significantly lower than VOO's 10.16% return.
BXSL
- 1D
- -0.26%
- 1M
- -2.82%
- 6M
- -3.96%
- YTD
- -6.41%
- 1Y
- -16.28%
- 3Y*
- 4.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.49%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.14M | $38.04M | $43.29M | |
| $3.82B | $3.78B | $5.44B |
BXSL vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -6.41% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 4.99% |
Correlation
The correlation between BXSL and VOO is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.35 |
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Return for Risk
BXSL vs. VOO — Risk / Return Rank
BXSL
VOO
BXSL vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Secured Lending Fund (BXSL) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.28 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.21 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.25 | 9.44 | -10.69 |
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Drawdowns
BXSL vs. VOO - Drawdown Comparison
The maximum BXSL drawdown since its inception was -36.80%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BXSL and VOO.
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Drawdown Indicators
| BXSL | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -33.99% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -20.13% | -8.90% | -11.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -18.69% | -5.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -20.55% | -1.38% | -19.17% |
Average DrawdownAverage peak-to-trough decline | -14.31% | -3.67% | -10.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 2.08% | +12.61% |
Volatility
BXSL vs. VOO - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.25% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that BXSL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXSL | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 3.54% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 10.10% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 12.82% | +7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 16.93% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 18.01% | +5.70% |
Dividends
BXSL vs. VOO - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.33%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.33% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
BXSL and VOO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.25%) compared to VOO (3.54%). In terms of maximum drawdown, BXSL dropped -36.80% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.83), 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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