TSLX vs. UTG
TSLX (Sixth Street Specialty Lending, Inc.) and UTG (Reaves Utility Income Trust) 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 10.17%/yr for UTG. At a 0.28 correlation, their price movements are largely independent.
Performance
TSLX vs. UTG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSLX achieves a -18.90% return, which is significantly lower than UTG's 12.62% return. Over the past 10 years, TSLX has outperformed UTG with an annualized return of 11.45%, while UTG has yielded a comparatively lower 10.17% 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%
UTG
- 1D
- -1.44%
- 1M
- -4.42%
- YTD
- 12.62%
- 6M
- 12.10%
- 1Y
- 23.24%
- 3Y*
- 22.14%
- 5Y*
- 10.59%
- 10Y*
- 10.17%
TSLX vs. UTG - 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% |
UTG Reaves Utility Income Trust | 12.62% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Correlation
The correlation between TSLX and UTG is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014 | 0.28 |
Over the past year, the correlation between TSLX and UTG has dropped to 0.05 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
TSLX:
$1.62B
UTG:
$3.63B
TSLX:
$436.19
UTG:
$18.20
TSLX:
0.04
UTG:
2.22
TSLX:
0.05
UTG:
0.01
TSLX:
0.02
UTG:
6.91
TSLX:
0.00
UTG:
1.03
TSLX:
$91.48B
UTG:
$525.39M
TSLX:
$215.15M
UTG:
$228.88M
TSLX:
$192.45M
UTG:
$1.71B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSLX vs. UTG — Risk / Return Rank
TSLX
UTG
TSLX vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) and Reaves Utility Income Trust (UTG). 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 | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.24 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.01 | -2.73 |
| Martin ratioReturn relative to average drawdown | -1.35 | 4.46 | -5.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TSLX | UTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 1.39 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.63 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.47 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.48 | +0.03 |
Drawdowns
TSLX vs. UTG - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for TSLX and UTG.
Loading charts...
Drawdown Indicators
| TSLX | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -67.77% | +17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -11.59% | -16.35% |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | -15.03% | -12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -26.54% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -47.91% | -2.36% |
Current DrawdownCurrent decline from peak | -26.75% | -7.00% | -19.75% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -8.74% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 5.22% | +9.47% |
Volatility
TSLX vs. UTG - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) has a higher volatility of 8.58% compared to Reaves Utility Income Trust (UTG) at 6.24%. This indicates that TSLX's price experiences larger fluctuations and is considered to be riskier than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSLX | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 6.24% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 12.95% | +7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 16.83% | +7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 16.84% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 21.61% | -0.14% |
Dividends
TSLX vs. UTG - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 11.25%, more than UTG's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UTG Reaves Utility Income Trust | 5.91% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Financials
TSLX vs. UTG - Financials Comparison
This section allows you to compare key financial metrics between Sixth Street Specialty Lending, Inc. and Reaves Utility Income Trust. 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
Frequently Asked Questions
TSLX and UTG have a correlation of 0.05, 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 UTG (6.24%). In terms of maximum drawdown, TSLX dropped -50.27% vs UTG's -67.77%.
UTG currently has the higher Sharpe Ratio (1.39 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.
Find the right allocation for TSLX and UTG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer