SCHE vs. BXSL
SCHE (Schwab Emerging Markets Equity ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index, while BXSL (Blackstone Secured Lending Fund) is a stock. Over the past 3 years, SCHE returned 16.79%/yr vs 7.49%/yr for BXSL. At a 0.23 correlation, their price movements are largely independent.
Performance
SCHE vs. BXSL - Performance Comparison
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Returns By Period
In the year-to-date period, SCHE achieves a 10.50% return, which is significantly higher than BXSL's -6.39% return.
SCHE
- 1D
- 0.84%
- 1M
- -0.58%
- YTD
- 10.50%
- 6M
- 12.18%
- 1Y
- 26.49%
- 3Y*
- 16.79%
- 5Y*
- 4.83%
- 10Y*
- 9.02%
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
SCHE vs. BXSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHE Schwab Emerging Markets Equity ETF | 10.50% | 26.54% | 10.60% | 8.93% | -17.84% | -3.41% |
BXSL Blackstone Secured Lending Fund | -6.39% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
Correlation
The correlation between SCHE and BXSL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.23 |
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Return for Risk
SCHE vs. BXSL — Risk / Return Rank
SCHE
BXSL
SCHE vs. BXSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Emerging Markets Equity ETF (SCHE) 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.
| SCHE | BXSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.88 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.68 | +2.86 |
| Martin ratioReturn relative to average drawdown | 7.70 | -1.01 | +8.71 |
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Drawdowns
SCHE vs. BXSL - Drawdown Comparison
The maximum SCHE drawdown since its inception was -36.20%, roughly equal to the maximum BXSL drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for SCHE and BXSL.
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Drawdown Indicators
| SCHE | BXSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.20% | -36.80% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -23.47% | +12.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -24.21% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -33.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.20% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -20.54% | +17.88% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -14.15% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 15.73% | -12.53% |
Volatility
SCHE vs. BXSL - Volatility Comparison
Schwab Emerging Markets Equity ETF (SCHE) has a higher volatility of 6.91% compared to Blackstone Secured Lending Fund (BXSL) at 5.42%. This indicates that SCHE's price experiences larger fluctuations and is considered to be riskier 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
| SCHE | BXSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.42% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 16.42% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 20.20% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 23.85% | -6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 23.85% | -4.36% |
Dividends
SCHE vs. BXSL - Dividend Comparison
SCHE's dividend yield for the trailing twelve months is around 2.61%, less than BXSL's 12.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 12.91% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHE Schwab Emerging Markets Equity ETF | 2.61% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
Frequently Asked Questions
SCHE and BXSL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHE has higher volatility (6.91%) compared to BXSL (5.42%). In terms of maximum drawdown, SCHE dropped -36.20% vs BXSL's -36.80%.
SCHE currently has the higher Sharpe Ratio (1.45 vs -0.79), 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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