IIM vs. BXSL
IIM (Invesco Value Municipal Income Trust) and BXSL (Blackstone Secured Lending Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, IIM returned 9.56%/yr vs 5.71%/yr for BXSL. At a 0.13 correlation, their price movements are largely independent.
Performance
IIM vs. BXSL - Performance Comparison
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Returns By Period
In the year-to-date period, IIM achieves a 5.77% return, which is significantly higher than BXSL's -8.86% return.
IIM
- 1D
- -0.48%
- 1M
- 4.79%
- YTD
- 5.77%
- 6M
- 6.38%
- 1Y
- 16.69%
- 3Y*
- 9.56%
- 5Y*
- 0.78%
- 10Y*
- 2.16%
BXSL
- 1D
- -1.65%
- 1M
- -0.47%
- YTD
- -8.86%
- 6M
- -8.91%
- 1Y
- -16.53%
- 3Y*
- 5.71%
- 5Y*
- —
- 10Y*
- —
IIM vs. BXSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 5.77% | 11.88% | 8.04% | 2.05% | -25.41% | 7.45% |
BXSL Blackstone Secured Lending Fund | -8.86% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
Correlation
The correlation between IIM and BXSL 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 (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.13 |
Fundamentals
IIM:
$591.26M
BXSL:
$5.39B
IIM:
$0.85
BXSL:
$1.80
IIM:
14.77
BXSL:
12.91
IIM:
8.10
BXSL:
7.55
IIM:
0.99
BXSL:
0.88
IIM:
$73.01M
BXSL:
$706.98M
IIM:
$54.83M
BXSL:
$831.73M
IIM:
$51.93M
BXSL:
$525.53M
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Return for Risk
IIM vs. BXSL — Risk / Return Rank
IIM
BXSL
IIM vs. BXSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and Blackstone Secured Lending Fund (BXSL). 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.
| IIM | BXSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.40 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.88 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.71 | +2.53 |
| Martin ratioReturn relative to average drawdown | 5.52 | -1.04 | +6.55 |
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Drawdowns
IIM vs. BXSL - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.17%, which is greater than BXSL's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for IIM and BXSL.
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Drawdown Indicators
| IIM | BXSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -36.80% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -23.47% | +14.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.20% | -24.21% | +8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -22.64% | +19.96% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -14.18% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 15.99% | -12.96% |
Volatility
IIM vs. BXSL - Volatility Comparison
The current volatility for Invesco Value Municipal Income Trust (IIM) is 2.50%, while Blackstone Secured Lending Fund (BXSL) has a volatility of 5.32%. This indicates that IIM experiences smaller price fluctuations and is considered to be less risky than BXSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIM | BXSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 5.32% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 16.51% | -7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 20.26% | -9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.48% | 23.82% | -11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 23.82% | -10.97% |
Dividends
IIM vs. BXSL - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 7.37%, less than BXSL's 13.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.26% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IIM Invesco Value Municipal Income Trust | 7.37% | 7.51% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% |
Financials
IIM vs. BXSL - Financials Comparison
This section allows you to compare key financial metrics between Invesco Value Municipal Income Trust and Blackstone Secured Lending Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
IIM and BXSL 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 (5.32%) compared to IIM (2.50%). In terms of maximum drawdown, IIM dropped -40.17% vs BXSL's -36.80%.
IIM currently has the higher Sharpe Ratio (1.58 vs -0.82), 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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