TSLX vs. SPY
Compare and contrast key facts about Sixth Street Specialty Lending, Inc. (TSLX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLX or SPY.
Correlation
The correlation between TSLX and SPY is 0.41, 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. SPY - Performance Comparison
Key characteristics
TSLX:
0.89
SPY:
2.21
TSLX:
1.29
SPY:
2.93
TSLX:
1.16
SPY:
1.41
TSLX:
1.43
SPY:
3.26
TSLX:
4.11
SPY:
14.43
TSLX:
3.00%
SPY:
1.90%
TSLX:
13.89%
SPY:
12.41%
TSLX:
-50.27%
SPY:
-55.19%
TSLX:
-0.64%
SPY:
-2.74%
Returns By Period
In the year-to-date period, TSLX achieves a 9.65% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, TSLX has outperformed SPY with an annualized return of 14.18%, while SPY has yielded a comparatively lower 12.97% annualized return.
TSLX
9.65%
4.63%
4.05%
11.14%
12.50%
14.18%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
TSLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 12.14%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TSLX vs. SPY - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TSLX and SPY. For additional features, visit the drawdowns tool.
Volatility
TSLX vs. SPY - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.79% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.