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TSLX vs SPY

Comparison between Sixth Street Specialty Lending Inc (TSLX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed TSLX, delivering a return of +12.4% compared to +3.2%

TSLX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
TSLX
$1.59B
Winner
SPY
$781B
Expense Ratio
TSLX
N/A
SPY
0.09%
Max Drawdown
Winner
TSLX
52.72%
SPY
56.47%
Sharpe Ratio
TSLX
-1.17
Winner
SPY
1.12
5Y Beta
Winner
TSLX
0.53
SPY
1.00
Industry
TSLX
Asset Management
SPY
N/A
P/E Ratio
Winner
TSLX
14.70
SPY
28.53
Forward P/E
Winner
TSLX
12.64
SPY
21.47
PEG Ratio
TSLX
1.27
SPY
N/A
Dividend Yield
TSLX
11.60%
SPY
N/A
5Y Dividends CAGR
TSLX
-5.39%
Winner
SPY
6.00%
5Y EPS CAGR
TSLX
N/A
SPY
25.58%
Debt to Equity
TSLX
116.90%
Winner
SPY
32.09%
Free Cash Flow Yield
TSLX
14.33%
SPY
N/A
P/S Ratio
Winner
TSLX
3.74
SPY
3.75
P/B Ratio
Winner
TSLX
1.05
SPY
5.64

TSLX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
TSLX
+0.55%
Winner
SPY
+0.63%
3M
TSLX
-8.33%
Winner
SPY
+4.46%
6M
TSLX
-21.36%
Winner
SPY
+7.67%
1Y
TSLX
-25.56%
Winner
SPY
+17.68%
5Y(CAGR)
TSLX
+3.25%
Winner
SPY
+12.42%
10Y(CAGR)
TSLX
+10.40%
Winner
SPY
+14.84%
Max(CAGR)
Winner
TSLX
+11.13%
SPY
+8.44%

TSLX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearTSLXSPY
2026-19.40%+8.63%
2025+11.88%+18.00%
2024+8.94%+25.59%
2023+33.93%+26.72%
2022-16.67%-18.64%
2021+33.21%+30.52%
2020+9.15%+17.28%
2019+27.10%+31.09%
2018-0.12%-5.24%
2017+16.88%+20.78%
2016+24.12%+13.59%
2015+6.55%+1.31%
2014+14.82%+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

TSLX vs SPY Drawdown Comparison

The maximum drawdown for TSLX was -50.17%, occurring on Mar 23, 2020. Recovery took 198 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current TSLX drawdown is -27.34%. The current SPY drawdown is -2.57%.

RankTSLXSPY
#1-50.17%
Feb 20, 2020 - Dec 1, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-31.30%
Jun 11, 2014 - Jan 4, 2017		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-29.01%
Jul 17, 2025 - Jun 25, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-28.79%
Jan 12, 2022 - Aug 4, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-16.78%
Feb 28, 2025 - May 20, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-13.46%
Oct 5, 2017 - Aug 2, 2018		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-11.91%
Nov 9, 2018 - Feb 20, 2019		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-8.65%
Jul 10, 2024 - Nov 29, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-7.60%
Jul 12, 2021 - Oct 18, 2021		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-7.33%
Aug 15, 2017 - Oct 5, 2017		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.12%
Sep 28, 2023 - Nov 3, 2023		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.92%
Apr 29, 2021 - Jun 1, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.12%
Nov 8, 2021 - Jan 4, 2022		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-5.94%
Jan 26, 2024 - May 1, 2024		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-5.78%
Feb 21, 2019 - Jun 19, 2019		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TSLX and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96
-101

Dividend Comparison (1999 - 2026)

TSLX vs SPY dividend yield comparison.

YearTSLXSPY
20265.37%0.50%
20259.44%1.07%
20249.81%1.21%
20239.72%1.40%
202210.34%1.65%
202115.35%1.20%
202011.08%1.52%
20198.43%1.75%
20189.84%2.04%
20178.84%1.80%
20168.35%2.03%
20159.62%2.06%
20149.10%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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