ARCC vs BXSL: Correlation
How closely do Ares Capital Corporation - Closed End Fund (ARCC) and Blackstone Secured Lending Fund (BXSL) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCC and BXSL?
On 3 years of weekly data the ARCC/BXSL correlation comes out at 0.76, strong. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 210.7 %².
By 3-year correlation, BXSL places #6 of the 31 assets tracked against ARCC. Twelve-month performance is nearly a tie, at -1.8% for ARCC and -6.3% for BXSL.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARCC vs BXSL: side by side
| ARCC (Ares Capital Corporation - Closed End Fund) | BXSL (Blackstone Secured Lending Fund) | |
|---|---|---|
| 1-year return | -1.8% | -6.3% |
| 5-year return | +59.8% | +49.3% |
| Volatility (ann.) | 15.8% | 17.4% |
| Beta vs S&P 500 | 0.62 | 0.45 |
| Max drawdown (3Y) | -19.3% | -24.2% |
| Market cap | $14.3B | $5.8B |
| P/E (trailing) | 14.8 | 19.6 |
| Dividend yield | 9.65% | 12.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCC | BXSL |
|---|---|---|
| 2022 | -3.8% | -26.0% |
| 2023 | +20.0% | +37.8% |
| 2024 | +19.8% | +29.0% |
| 2025 | +1.1% | -9.4% |
| 2026 | +3.5% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCC and BXSL good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARCC and BXSL?
As of 2026-08-27, the correlation of weekly returns between ARCC and BXSL is 0.76 over 3 years, 0.81 over 1 year and 0.58 over 5 years.
Is BXSL a good diversifier for ARCC?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arcc-vs-bxsl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arcc-vs-bxsl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARCC correlations · BXSL correlations
