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 6.26%/yr vs 21.08%/yr for VOO. At a 0.35 correlation, their price movements are largely independent.
Performance
BXSL vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, BXSL achieves a -5.03% return, which is significantly lower than VOO's 11.31% return.
BXSL
- 1D
- 1.47%
- 1M
- 1.45%
- 6M
- -4.85%
- YTD
- -5.03%
- 1Y
- -16.42%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 0.46%
- 1M
- 2.04%
- 6M
- 9.36%
- YTD
- 11.31%
- 1Y
- 22.48%
- 3Y*
- 21.08%
- 5Y*
- 13.22%
- 10Y*
- 15.29%
BXSL vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | -5.03% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
VOO Vanguard S&P 500 ETF | 11.31% | 17.82% | 24.98% | 26.32% | -18.17% | 4.99% |
Correlation
The correlation between BXSL and VOO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 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 | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.49 | -3.17 |
| Martin ratioReturn relative to average drawdown | -0.97 | 10.85 | -11.82 |
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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 | -23.47% | -8.90% | -14.57% |
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 | -19.38% | -0.34% | -19.04% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -3.68% | -10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.56% | 2.04% | +14.52% |
Volatility
BXSL vs. VOO - Volatility Comparison
Blackstone Secured Lending Fund (BXSL) has a higher volatility of 5.12% compared to Vanguard S&P 500 ETF (VOO) at 4.42%. 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 | 5.12% | 4.42% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 9.94% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.58% | 12.48% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.77% | 16.92% | +6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 17.99% | +5.78% |
Dividends
BXSL vs. VOO - Dividend Comparison
BXSL's dividend yield for the trailing twelve months is around 13.14%, more than VOO's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.14% | 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 | 1.06% | 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 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.12%) compared to VOO (4.42%). In terms of maximum drawdown, BXSL dropped -36.80% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.77 vs -0.78), 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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