SAR vs. BXMT
Compare and contrast key facts about Saratoga Investment Corp. (SAR) and Blackstone Mortgage Trust, Inc. (BXMT).
Performance
SAR vs. BXMT - Performance Comparison
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SAR vs. BXMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAR Saratoga Investment Corp. | -4.32% | 10.36% | 6.07% | 12.91% | -3.82% | 51.00% | -10.92% | 34.20% | -2.78% | 20.77% |
BXMT Blackstone Mortgage Trust, Inc. | 0.57% | 21.13% | -7.90% | 13.46% | -24.03% | 20.27% | -17.83% | 25.16% | 6.95% | 15.77% |
Fundamentals
SAR:
$344.41M
BXMT:
$3.21B
SAR:
$1.56
BXMT:
$0.64
SAR:
13.70
BXMT:
29.39
SAR:
0.20
BXMT:
1.45
SAR:
0.01
BXMT:
4.69
SAR:
$31.72B
BXMT:
$687.12M
SAR:
$41.64M
BXMT:
$571.43M
SAR:
$1.28B
BXMT:
$0.00
Returns By Period
In the year-to-date period, SAR achieves a -4.32% return, which is significantly lower than BXMT's 0.57% return. Over the past 10 years, SAR has outperformed BXMT with an annualized return of 13.70%, while BXMT has yielded a comparatively lower 5.99% annualized return.
SAR
- 1D
- -2.24%
- 1M
- -8.36%
- YTD
- -4.32%
- 6M
- -4.36%
- 1Y
- -3.31%
- 3Y*
- 7.45%
- 5Y*
- 7.90%
- 10Y*
- 13.70%
BXMT
- 1D
- -1.98%
- 1M
- -2.09%
- YTD
- 0.57%
- 6M
- 6.07%
- 1Y
- 4.06%
- 3Y*
- 13.39%
- 5Y*
- 0.12%
- 10Y*
- 5.99%
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Return for Risk
SAR vs. BXMT — Risk / Return Rank
SAR
BXMT
SAR vs. BXMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Investment Corp. (SAR) and Blackstone Mortgage Trust, Inc. (BXMT). 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.
| SAR | BXMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | 0.17 | -0.31 |
Sortino ratioReturn per unit of downside risk | -0.03 | 0.41 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.05 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.26 | -0.48 |
Martin ratioReturn relative to average drawdown | -0.58 | 0.71 | -1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAR | BXMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 0.17 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.00 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.19 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.04 | +0.10 |
Correlation
The correlation between SAR and BXMT is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SAR vs. BXMT - Dividend Comparison
SAR's dividend yield for the trailing twelve months is around 15.20%, more than BXMT's 10.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAR Saratoga Investment Corp. | 15.20% | 14.04% | 13.80% | 10.90% | 11.02% | 6.16% | 6.57% | 6.61% | 10.35% | 10.51% | 9.12% | 14.14% |
BXMT Blackstone Mortgage Trust, Inc. | 10.02% | 9.83% | 12.52% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% |
Drawdowns
SAR vs. BXMT - Drawdown Comparison
The maximum SAR drawdown since its inception was -90.51%, smaller than the maximum BXMT drawdown of -97.98%. Use the drawdown chart below to compare losses from any high point for SAR and BXMT.
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Drawdown Indicators
| SAR | BXMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.51% | -97.98% | +7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -13.59% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.19% | -43.02% | +16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -69.89% | -67.86% | -2.03% |
Current DrawdownCurrent decline from peak | -9.79% | -68.98% | +59.19% |
Average DrawdownAverage peak-to-trough decline | -17.37% | -58.83% | +41.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 5.01% | +0.55% |
Volatility
SAR vs. BXMT - Volatility Comparison
Saratoga Investment Corp. (SAR) has a higher volatility of 9.11% compared to Blackstone Mortgage Trust, Inc. (BXMT) at 8.06%. This indicates that SAR's price experiences larger fluctuations and is considered to be riskier than BXMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAR | BXMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 8.06% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.45% | 15.57% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.40% | 23.61% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.48% | 27.55% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 32.48% | +5.11% |
Financials
SAR vs. BXMT - Financials Comparison
This section allows you to compare key financial metrics between Saratoga Investment Corp. and Blackstone Mortgage Trust, 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
SAR vs. BXMT - Profitability Comparison
SAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Saratoga Investment Corp. reported a gross profit of 0.00 and revenue of 31.65B. Therefore, the gross margin over that period was 0.0%.
BXMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Blackstone Mortgage Trust, Inc. reported a gross profit of 273.34M and revenue of 389.03M. Therefore, the gross margin over that period was 70.3%.
SAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Saratoga Investment Corp. reported an operating income of 0.00 and revenue of 31.65B, resulting in an operating margin of 0.0%.
BXMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Blackstone Mortgage Trust, Inc. reported an operating income of 267.55M and revenue of 389.03M, resulting in an operating margin of 68.8%.
SAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Saratoga Investment Corp. reported a net income of 0.00 and revenue of 31.65B, resulting in a net margin of 0.0%.
BXMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Blackstone Mortgage Trust, Inc. reported a net income of 39.56M and revenue of 389.03M, resulting in a net margin of 10.2%.