Ares Capital (ARCC) vs Blackstone Secured Lending Fund (BXSL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Ares Capital is the larger company by market cap ($13.37 billion vs $5.54 billion), about 2.4 times the size. On valuation, Blackstone Secured Lending Fund trades at a lower forward P/E (9.2x vs 9.6x for Ares Capital). Blackstone Secured Lending Fund offers the higher dividend yield (12.95% vs 10.31%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | ARCC | BXSL |
|---|---|---|
| Share price | $18.62 | $23.79 |
| Market cap | $13.37B | $5.54B |
| 1-day change | +0.92% | +1.26% |
| YTD return | -8.80% | — |
| 1-year return | -7.10% | — |
| 5-year return | -12.31% | — |
| P/E ratio (TTM) | 13.90 | 18.73 |
| Forward P/E | 9.63 | 9.22 |
| EPS (TTM) | $1.34 | $1.27 |
| Dividend yield | 10.31% | 12.95% |
| Annual dividend | $1.92 | $3.08 |
| Net income (latest FY) | $1.30B | $563.46M |
| 52-week high | $21.14 | $28.59 |
| 52-week low | $17.40 | $22.47 |
| Distance from 52-week high | -11.92% | -16.81% |
| Analyst consensus | none | none |
| Avg. price target upside | +11.55% | +3.68% |
| Average volume | 4.47M | 1.50M |
| Shares outstanding | 718.02M | 232.97M |
| Sector | Finance | Finance |
| Industry | Finance: Consumer Services | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Ares Capital is about 2.4 times larger than Blackstone Secured Lending Fund by market value ($13.37B vs $5.54B).
- Blackstone Secured Lending Fund trades at a higher earnings multiple (18.7x vs 13.9x trailing P/E).
- Blackstone Secured Lending Fund offers a meaningfully higher dividend yield (12.95% vs 10.31%).
About Ares Capital
ARCC stock →Ares Capital Corporation is a business development company specializing in growth capital, acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing.
Finance · Finance: Consumer Services
About Blackstone Secured Lending Fund
BXSL stock →Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).
Finance · Trusts Except Educational Religious and Charitable
ARCC vs BXSL FAQ
Which is bigger, Ares Capital or Blackstone Secured Lending Fund?
Ares Capital (ARCC) is larger, with a market capitalization of $13.37B compared with $5.54B for Blackstone Secured Lending Fund (BXSL).
Which has the lower P/E ratio, ARCC or BXSL?
ARCC has the lower trailing P/E at 13.9, versus 18.7 for BXSL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Ares Capital or Blackstone Secured Lending Fund?
Blackstone Secured Lending Fund has the higher yield at 12.95%, compared with 10.31% for Ares Capital.
Are Ares Capital and Blackstone Secured Lending Fund in the same industry?
Both are in the Finance sector, but in different industries: Finance: Consumer Services for Ares Capital and Trusts Except Educational Religious and Charitable for Blackstone Secured Lending Fund.