BXSL vs SCHD
Blackstone Secured Lending Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BXSL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 11.03% | 0.06% | |
| AUM | - | $112.2B | |
| Dividend Yield | - | 3.13% | |
| Holdings | 1 | 103 | |
| YTD Return | +0.38% | +27.89% | |
| 1Y Return | -4.46% | +29.93% | |
| 3Y Return (annualized) | +7.28% | +16.13% | |
| 5Y Return (annualized) | - | +10.00% | |
| Volatility (annualized) | 17.4% | 13.6% | |
| Max Drawdown | -36.8% | -33.4% | |
| Fund Family | The Blackstone Group Inc | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 26, 2018 | Oct 20, 2011 |
BXSL vs SCHD Performance
Blackstone Secured Lending Fund (BXSL) is a ETF from The Blackstone Group Inc and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BXSL returned -4.46% while SCHD returned +29.93%. Year to date, BXSL is up 0.38% versus a gain of 27.89% for SCHD.
Over three years, BXSL compounded at +7.28% per year against +16.13% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.56% annualized vs +8.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BXSL has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -36.8% for BXSL and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BXSL charges 11.03% per year while SCHD charges 0.06%. On a $10,000 position that is $1103 vs $6 annually, a gap of $1097 per year that compounds over a long holding period.
Holdings Overlap
BXSL and SCHD share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BXSL or SCHD?
BXSL has an expense ratio of 11.03% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $1097 per year of difference.
Which performed better, BXSL or SCHD?
Over the past year BXSL returned -4.46% vs +29.93% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), BXSL annualized +8.88% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, BXSL or SCHD?
BXSL has been the more volatile fund at 17.4% annualized versus 13.6% for SCHD. Worst drawdown: BXSL -36.8% vs SCHD -33.4%.
Should I hold both BXSL and SCHD?
BXSL and SCHD have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BXSL and SCHD?
BXSL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
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