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.
Performance
TSLX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, TSLX achieves a 4.77% return, which is significantly lower than SPY's 26.08% return. Both investments have delivered pretty close results over the past 10 years, with TSLX having a 12.99% annualized return and SPY not far ahead at 13.10%.
TSLX
4.77%
-0.24%
1.18%
10.07%
12.13%
12.99%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| TSLX | SPY | |
|---|---|---|
| Sharpe Ratio | 0.77 | 2.70 |
| Sortino Ratio | 1.12 | 3.60 |
| Omega Ratio | 1.14 | 1.50 |
| Calmar Ratio | 1.21 | 3.90 |
| Martin Ratio | 3.52 | 17.52 |
| Ulcer Index | 2.98% | 1.87% |
| Daily Std Dev | 13.69% | 12.14% |
| Max Drawdown | -50.27% | -55.19% |
| Current Drawdown | -3.61% | -0.85% |
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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.
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 12.50%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | 12.50% | 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 | 1.18% | 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) has a higher volatility of 4.35% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that TSLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.