TSLX vs. CEFD
Compare and contrast key facts about Sixth Street Specialty Lending, Inc. (TSLX) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD).
CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLX or CEFD.
Correlation
The correlation between TSLX and CEFD is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLX vs. CEFD - Performance Comparison
Key characteristics
TSLX:
0.89
CEFD:
1.58
TSLX:
1.29
CEFD:
2.07
TSLX:
1.16
CEFD:
1.30
TSLX:
1.43
CEFD:
0.87
TSLX:
4.11
CEFD:
9.05
TSLX:
3.00%
CEFD:
2.31%
TSLX:
13.89%
CEFD:
13.24%
TSLX:
-50.27%
CEFD:
-36.95%
TSLX:
-0.64%
CEFD:
-8.86%
Returns By Period
In the year-to-date period, TSLX achieves a 9.65% return, which is significantly lower than CEFD's 19.51% return.
TSLX
9.65%
4.63%
4.05%
11.14%
12.50%
14.18%
CEFD
19.51%
-1.36%
8.67%
20.16%
N/A
N/A
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Risk-Adjusted Performance
TSLX vs. CEFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD). 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.
Dividends
TSLX vs. CEFD - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 12.14%, less than CEFD's 13.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | 12.14% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 10.81% | 8.35% | 9.62% | 9.10% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 13.97% | 14.76% | 16.57% | 10.31% | 5.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TSLX vs. CEFD - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, which is greater than CEFD's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for TSLX and CEFD. For additional features, visit the drawdowns tool.
Volatility
TSLX vs. CEFD - Volatility Comparison
The current volatility for Sixth Street Specialty Lending, Inc. (TSLX) is 3.79%, while ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a volatility of 4.21%. This indicates that TSLX experiences smaller price fluctuations and is considered to be less risky than CEFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.