TSLX vs. PDI
TSLX (Sixth Street Specialty Lending, Inc.) and PDI (PIMCO Dynamic Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, TSLX returned 11.45%/yr vs 7.56%/yr for PDI. At a 0.23 correlation, their price movements are largely independent.
Performance
TSLX vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, TSLX achieves a -18.90% return, which is significantly lower than PDI's 0.27% return. Over the past 10 years, TSLX has outperformed PDI with an annualized return of 11.45%, while PDI has yielded a comparatively lower 7.56% annualized return.
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%
PDI
- 1D
- -0.54%
- 1M
- -4.51%
- YTD
- 0.27%
- 6M
- -0.40%
- 1Y
- 1.93%
- 3Y*
- 10.92%
- 5Y*
- 2.42%
- 10Y*
- 7.56%
TSLX vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDI PIMCO Dynamic Income Fund | 0.27% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Correlation
The correlation between TSLX and PDI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2014 | 0.23 |
The correlation between TSLX and PDI shifts across timeframes, from 0.14 (3 years) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TSLX:
$1.62B
PDI:
$6.89B
TSLX:
$436.19
PDI:
$3.86
TSLX:
0.04
PDI:
4.33
TSLX:
0.05
PDI:
0.07
TSLX:
0.02
PDI:
3.21
TSLX:
0.00
PDI:
0.93
TSLX:
$91.48B
PDI:
$2.03B
TSLX:
$215.15M
PDI:
$1.51B
TSLX:
$192.45M
PDI:
$2.09B
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Return for Risk
TSLX vs. PDI — Risk / Return Rank
TSLX
PDI
TSLX vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) and PIMCO Dynamic Income Fund (PDI). 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.
| TSLX | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.05 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.18 | -0.89 |
| Martin ratioReturn relative to average drawdown | -1.35 | 0.39 | -1.74 |
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
| TSLX | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 0.17 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.16 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.40 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.58 | -0.07 |
Drawdowns
TSLX vs. PDI - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, which is greater than PDI's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TSLX and PDI.
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Drawdown Indicators
| TSLX | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -46.47% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -10.95% | -16.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | -17.55% | -10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -27.23% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -46.47% | -3.80% |
Current DrawdownCurrent decline from peak | -26.75% | -7.57% | -19.18% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -6.22% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 4.98% | +9.71% |
Volatility
TSLX vs. PDI - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) has a higher volatility of 8.58% compared to PIMCO Dynamic Income Fund (PDI) at 3.21%. This indicates that TSLX's price experiences larger fluctuations and is considered to be riskier than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLX | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 3.21% | +5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 8.14% | +12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 11.24% | +13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 15.53% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 19.05% | +2.42% |
Dividends
TSLX vs. PDI - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 11.25%, less than PDI's 15.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 15.84% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
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
TSLX vs. PDI - Financials Comparison
This section allows you to compare key financial metrics between Sixth Street Specialty Lending, Inc. and PIMCO Dynamic Income 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
TSLX vs. PDI - Profitability Comparison
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%.
PDI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PIMCO Dynamic Income Fund reported a gross profit of 558.21M and revenue of 615.21M. Therefore, the gross margin over that period was 90.7%.
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%.
PDI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PIMCO Dynamic Income Fund reported an operating income of 529.42M and revenue of 615.21M, resulting in an operating margin of 86.1%.
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%.
PDI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PIMCO Dynamic Income Fund reported a net income of 457.73M and revenue of 615.21M, resulting in a net margin of 74.4%.
Frequently Asked Questions
TSLX and PDI have a correlation of 0.19, 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 PDI (3.21%). In terms of maximum drawdown, TSLX dropped -50.27% vs PDI's -46.47%.
PDI currently has the higher Sharpe Ratio (0.17 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.
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