O vs. TSLX
O (Realty Income Corporation) and TSLX (Sixth Street Specialty Lending, Inc.) are both stocks. O operates in REIT - Retail (Real Estate), while TSLX operates in Asset Management (Financial Services). Over the past 10 years, O returned 4.43%/yr vs 11.45%/yr for TSLX. At a 0.24 correlation, their price movements are largely independent.
Performance
O vs. TSLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, O achieves a 8.78% return, which is significantly higher than TSLX's -18.90% return. Over the past 10 years, O has underperformed TSLX with an annualized return of 4.43%, while TSLX has yielded a comparatively higher 11.45% annualized return.
O
- 1D
- -1.36%
- 1M
- -2.66%
- YTD
- 8.78%
- 6M
- 7.49%
- 1Y
- 13.14%
- 3Y*
- 5.19%
- 5Y*
- 2.41%
- 10Y*
- 4.43%
TSLX
- 1D
- -1.38%
- 1M
- -4.40%
- YTD
- -18.90%
- 6M
- -19.48%
- 1Y
- -19.78%
- 3Y*
- 6.57%
- 5Y*
- 4.47%
- 10Y*
- 11.45%
O vs. TSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 8.78% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
TSLX Sixth Street Specialty Lending, Inc. | -18.90% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
Correlation
The correlation between O and TSLX 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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2014 | 0.24 |
The correlation between O and TSLX shifts across timeframes, from 0.07 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
O:
$1.17
TSLX:
$436.19
O:
51.10
TSLX:
0.04
O:
4.16
TSLX:
0.05
O:
6.91
TSLX:
0.02
O:
$5.92B
TSLX:
$91.48B
O:
$3.89B
TSLX:
$215.15M
O:
$3.93B
TSLX:
$192.45M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
O vs. TSLX — Risk / Return Rank
O
TSLX
O vs. TSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) and Sixth Street Specialty Lending, Inc. (TSLX). 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.
| O | TSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | -0.71 | +1.90 |
| Martin ratioReturn relative to average drawdown | 2.93 | -1.35 | +4.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| O | TSLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.81 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.23 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.54 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.51 | -0.03 |
Drawdowns
O vs. TSLX - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, roughly equal to the maximum TSLX drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for O and TSLX.
Loading charts...
Drawdown Indicators
| O | TSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -50.27% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -27.94% | +16.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -27.94% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -28.77% | -5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -50.27% | +1.99% |
Current DrawdownCurrent decline from peak | -10.00% | -26.75% | +16.75% |
Average DrawdownAverage peak-to-trough decline | -9.21% | -9.08% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 14.69% | -10.19% |
Volatility
O vs. TSLX - Volatility Comparison
The current volatility for Realty Income Corporation (O) is 4.81%, while Sixth Street Specialty Lending, Inc. (TSLX) has a volatility of 8.58%. This indicates that O experiences smaller price fluctuations and is considered to be less risky than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| O | TSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 8.58% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 20.68% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 24.64% | -8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 19.40% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 21.47% | +4.17% |
Dividends
O vs. TSLX - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.39%, less than TSLX's 11.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.39% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
TSLX Sixth Street Specialty Lending, Inc. | 11.25% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Financials
O vs. TSLX - Financials Comparison
This section allows you to compare key financial metrics between Realty Income Corporation and Sixth Street Specialty Lending, Inc.. 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
O vs. TSLX - Profitability Comparison
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
TSLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sixth Street Specialty Lending, Inc. reported a gross profit of 0.00 and revenue of 91.19B. Therefore, the gross margin over that period was 0.0%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
TSLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sixth Street Specialty Lending, Inc. reported an operating income of 0.00 and revenue of 91.19B, resulting in an operating margin of 0.0%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
TSLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sixth Street Specialty Lending, Inc. reported a net income of 41.05B and revenue of 91.19B, resulting in a net margin of 45.0%.
Frequently Asked Questions
O and TSLX 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.
TSLX has higher volatility (8.58%) compared to O (4.81%). In terms of maximum drawdown, O dropped -48.45% vs TSLX's -50.27%.
O currently has the higher Sharpe Ratio (0.82 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.
Find the right allocation for O and TSLX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer