BXSL vs BKH

Comparison between Blackstone Secured Lending Fund. (BXSL, Company) and Black Hills Corporation (BKH, Company).

BXSL is from the Financial Services sector, while BKH is from the Utilities sector.

5-Year PerformanceBXSL has outperformed BKH, delivering a return of +6.8% compared to +5.4%

BXSL vs BKH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BXSL(COMPANY)	BKH(COMPANY)
Market Cap	$5.48B	$5.49B
Max Drawdown	41.26%	74.87%
Sharpe Ratio	-0.92	1.30
5Y Beta	0.63	0.23
Industry	Asset Management	Utilities - Regulated Gas
P/E Ratio	12.43	16.78
Forward P/E	9.69	16.72
PEG Ratio	N/A	0.49
Dividend Yield	13.10%	3.72%
5Y Dividends CAGR	N/A	9.31%
5Y EPS CAGR	N/A	9.92%
Debt to Equity	131.71%	111.59%
Free Cash Flow Yield	-11.56%	-5.70%

Market Cap

BXSL

$5.48B

Winner

BKH

$5.49B

Max Drawdown

Winner

BXSL

41.26%

BKH

74.87%

Sharpe Ratio

BXSL

-0.92

Winner

BKH

1.30

5Y Beta

BXSL

0.63

Winner

BKH

0.23

Industry

BXSL

Asset Management

BKH

Utilities - Regulated Gas

P/E Ratio

Winner

BXSL

12.43

BKH

16.78

Forward P/E

Winner

BXSL

9.69

BKH

16.72

PEG Ratio

BXSL

N/A

BKH

0.49

Dividend Yield

Winner

BXSL

13.10%

BKH

3.72%

5Y Dividends CAGR

BXSL

N/A

BKH

9.31%

5Y EPS CAGR

BXSL

N/A

BKH

9.92%

Debt to Equity

BXSL

131.71%

Winner

BKH

111.59%

Free Cash Flow Yield

BXSL

-11.56%

Winner

BKH

-5.70%

BXSL vs BKH - Historical Returns

Returns include dividend reinvestment.

Period	BXSL	BKH
1 month	-0.39%	-1.84%
3 months	-1.86%	+7.91%
6 months	-8.90%	+7.94%
1 year	-15.76%	+33.14%
5 years(CAGR)	+6.80%	+5.40%
10 years(CAGR)	N/A	+5.32%
Max(CAGR)	+6.80%	+8.54%

Winner

BXSL

-0.39%

BKH

-1.84%

BXSL

-1.86%

Winner

BKH

+7.91%

BXSL

-8.90%

Winner

BKH

+7.94%

BXSL

-15.76%

Winner

BKH

+33.14%

5Y(CAGR)

Winner

BXSL

+6.80%

BKH

+5.40%

10Y(CAGR)

BXSL

N/A

BKH

+5.32%

Max(CAGR)

BXSL

+6.80%

Winner

BKH

+8.54%

BXSL vs BKH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BXSL	BKH
2026	-9.72%	+6.72%
2025	-9.91%	+24.80%
2024	+28.00%	+10.92%
2023	+37.79%	-20.06%
2022	-19.73%	+4.06%
2021	+24.98%	+21.67%
2020	N/A	-17.09%
2019	N/A	+31.76%
2018	N/A	+9.74%
2017	N/A	+2.14%
2016	N/A	+35.30%
2015	N/A	-9.44%
2014	N/A	+5.87%
2013	N/A	+43.60%
2012	N/A	+14.70%
2011	N/A	+15.71%
2010	N/A	+17.18%
2009	N/A	+3.80%
2008	N/A	-34.62%
2007	N/A	+20.65%
2006	N/A	+8.82%
2005	N/A	+19.16%
2004	N/A	+7.16%
2003	N/A	+16.03%
2002	N/A	-16.62%
2001	N/A	-8.60%
2000	N/A	+113.35%
1999	N/A	-2.62%

BXSL vs BKH Drawdown Comparison

The maximum drawdown for BXSL was -36.82%, occurring on Jul 6, 2022. Recovery took 543 trading sessions.

The maximum drawdown for BKH was -65.69%, occurring on Mar 9, 2009. Recovery took 2850 trading sessions.

The current BXSL drawdown is -22.66%. The current BKH drawdown is -4.17%.

Rank	BXSL	BKH
#1	-36.82% Dec 23, 2021 - Feb 23, 2024	-65.69% May 24, 2001 - Sep 21, 2012
#2	-24.22% Feb 19, 2025 - Mar 27, 2026	-40.45% Feb 18, 2020 - Apr 20, 2022
#3	-9.31% May 6, 2024 - Oct 21, 2024	-36.98% Aug 19, 2022 - Nov 7, 2025
#4	-8.87% Nov 11, 2021 - Dec 13, 2021	-36.72% Jun 30, 2014 - Mar 9, 2016
#5	-6.19% Dec 13, 2021 - Dec 23, 2021	-28.42% Jun 16, 2017 - Feb 8, 2019
#6	-3.71% Oct 24, 2024 - Nov 22, 2024	-28.25% Dec 28, 2000 - Mar 30, 2001
#7	-3.41% Nov 29, 2024 - Dec 24, 2024	-17.96% Feb 9, 2000 - Jun 20, 2000
#8	-2.92% Jan 2, 2025 - Jan 16, 2025	-15.82% Apr 20, 2022 - Aug 18, 2022
#9	-2.43% Mar 13, 2024 - Mar 21, 2024	-13.84% Aug 1, 2013 - Jan 16, 2014
#10	-2.25% Mar 28, 2024 - Apr 18, 2024	-11.22% Jun 20, 2000 - Aug 11, 2000
#11	-1.66% Feb 3, 2025 - Feb 12, 2025	-11.02% Jul 1, 2016 - Feb 21, 2017
#12	-1.31% Apr 29, 2024 - May 1, 2024	-10.93% Apr 16, 2026 - Jun 9, 2026
#13	-1.14% Feb 27, 2024 - Mar 6, 2024	-10.45% Mar 4, 2026 - Apr 14, 2026
#14	-0.73% Oct 21, 2024 - Oct 24, 2024	-10.04% Nov 1, 1999 - Dec 1, 1999
#15	-0.60% Dec 27, 2024 - Jan 2, 2025	-8.67% Jun 24, 2019 - Jan 16, 2020

Correlation

Correlation between BXSL and BKH is -0.03 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.03

-101

Dividend Comparison (1999 - 2026)

BXSL vs BKH dividend yield comparison.

Year	BXSL	BKH
2026	3.31%	1.93%
2025	11.70%	3.90%
2024	9.53%	4.44%
2023	10.64%	4.63%
2022	13.02%	3.43%
2021	1.56%	3.25%
2020	0.00%	3.53%
2019	0.00%	2.61%
2018	0.00%	3.07%
2017	0.00%	3.01%
2016	0.00%	2.74%
2015	0.00%	3.49%
2014	0.00%	2.94%
2013	0.00%	2.89%
2012	0.00%	4.07%
2011	0.00%	4.35%
2010	0.00%	4.80%
2009	0.00%	5.33%
2008	0.00%	5.19%
2007	0.00%	3.11%
2006	0.00%	3.57%
2005	0.00%	3.70%
2004	0.00%	4.04%
2003	0.00%	4.02%
2002	0.00%	4.37%
2001	0.00%	3.31%
2000	0.00%	2.41%
1999	0.00%	1.17%