BLK vs BX: BlackRock vs Blackstone Stock Comparison: AI Score, Valuation, Performance and Upside
BlackRock is the world's largest public market asset manager built around iShares ETFs and Aladdin technology, while Blackstone is the world's largest alternative asset manager built around private equity, real estate, and credit. Both are extraordinary financial businesses but serve very different investor types and fee economics.
BLK vs BX is passive ETF and technology platform at massive scale versus alternative investment management with premium performance fees — BlackRock wins if passive investing flows and Aladdin technology compound; Blackstone wins if institutional alt allocations grow and exit markets support realized carried interest.
BLK holds the edge across 3 of 5 key metrics in this comparison. BLK leads on both 1-year return (-3.16%) and forward P/E quality (18.11x vs 18.28x for BX), a relatively favorable combination of momentum and valuation. On fundamentals, BLK is growing revenue faster (30.60%), while BX maintains the higher operating margin (54.36%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for BLK (+13.43%) than for BX (+5.20%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- want the world's largest ETF platform with secular tailwinds from passive investing adoption
- value Aladdin's SaaS-like technology revenue independent of market performance
- prefer more predictable management fee income vs Blackstone's lumpy carried interest
- believe GIP infrastructure acquisition adds meaningful alternative AUM diversification
- want alternative investment management exposure across PE, real estate, credit, and infrastructure
- believe institutional and retail 'alt allocation' growth is a multi-decade secular trend
- value Blackstone's performance-based carried interest as significant upside in favorable exit markets
- prefer premium alternative fee economics vs BlackRock's declining ETF fee rates
| Metric | BLK | BX |
|---|---|---|
| AI scorei | 52.5 | 58.2 |
| AI ranki | #350 | #165 |
| Latest closei | $1,134.38 | $106.61 |
| 1M returni | +9.37% | -13.64% |
| 3M returni | +5.80% | -16.00% |
| 6M returni | +7.82% | -17.41% |
| 1Y returni | -3.16% | -32.51% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | BLK | BX |
|---|---|---|
| 1Y ago | $9.77K (-2.3%) started 2025-10-17 | $6.82K (-31.8%) started 2025-10-17 |
| 5Y ago | $15.22K (+52.2%) started 2021-10-18 | $11.23K (+12.3%) started 2021-10-18 |
| 10Y ago | $50.32K (+403.2%) started 2016-10-17 | $109.62K (+996.2%) started 2016-10-17 |
Hypothetical — past performance does not guarantee future results.
| Metric | BLK | BX |
|---|---|---|
| Market capi | $189.2B | $163.67B |
| Trailing P/Ei | 27.93 | 30.63 |
| Forward P/Ei | 18.11 | 18.28 |
| Price/Salesi | 7.31 | N/A |
| EV/Revenuei | 6.90 | 8.74 |
| Analyst targeti | $1,320.81 | $144.05 |
| Target upsidei | +13.43% | +5.20% |
| Metric | BLK | BX |
|---|---|---|
| Revenue growthi | 30.60% | 28.60% |
| Earnings growthi | 19.60% | 57.30% |
| EPS growthi | +19.60% | +57.30% |
| FCF margini | +27.76% | N/A |
| Operating margini | 35.08% | 54.36% |
| Profit margini | 24.09% | 22.73% |
| ROIC proxyi | 12.28% | 31.37% |
| Return on equityi | 12.28% | 31.37% |
| Dividend yieldi | 1.97% | 3.83% |
| Payout ratioi | 52.37% | 111.19% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 1.43 | 1.55 |
| Debt/equityi | 23.19 | 68.19 |
| Current ratioi | 2.45 | 0.87 |
| Quick ratioi | 1.85 | 0.83 |
Over the past year, BLK and BX have moved moderately in the same direction (correlation of 0.66), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | BLK | BX |
|---|---|---|---|
| 1Y | Growthi | -2.31% | -31.80% |
| CAGRi | -2.31% | -31.87% | |
| Volatilityi | 27.43% | 36.42% | |
| Sharpe ratioi | -0.11 | -1.00 | |
| Sortino ratioi | -0.16 | -1.33 | |
| Max drawdowni | 20.66% | 37.54% | |
| Current drawdowni | 4.10% | 34.80% | |
| Avg drawdowni | 8.75% | 19.67% | |
| Ulcer Indexi | 9.84% | 22.03% | |
| Max daily dropi | 7.69% | 6.23% | |
| Max wkly dropi | 10.83% | 12.44% | |
| 5Y | Growthi | +38.50% | -2.04% |
| CAGRi | +6.74% | -0.41% | |
| Volatilityi | 27.09% | 39.73% | |
| Sharpe ratioi | 0.21 | 0.07 | |
| Sortino ratioi | 0.31 | 0.11 | |
| Max drawdowni | 43.90% | 49.29% | |
| Current drawdowni | 5.67% | 45.60% | |
| Avg drawdowni | 15.76% | 23.23% | |
| Ulcer Indexi | 19.10% | 26.71% | |
| Max daily dropi | 7.71% | 10.00% | |
| Max wkly dropi | 13.63% | 21.23% | |
| 10Y | Growthi | +296.54% | +574.87% |
| CAGRi | +14.77% | +21.04% | |
| Volatilityi | 27.91% | 36.05% | |
| Sharpe ratioi | 0.47 | 0.59 | |
| Sortino ratioi | 0.68 | 0.85 | |
| Max drawdowni | 43.90% | 49.29% | |
| Current drawdowni | 5.67% | 45.60% | |
| Avg drawdowni | 12.90% | 14.91% | |
| Ulcer Indexi | 16.76% | 20.11% | |
| Max daily dropi | 13.65% | 15.40% | |
| Max wkly dropi | 18.26% | 30.68% |
| Category | BLK | BX |
|---|---|---|
| Company | BlackRock, Inc. | Blackstone Inc. |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
| Core business | World's largest asset manager with $11T+ in AUM across ETFs (iShares), active mutual funds, multi-asset strategies, and institutional alternatives. BlackRock's Aladdin risk management platform is used by thousands of financial institutions worldwide. | World's largest alternative asset manager with $1T+ in AUM across private equity, real estate (BREIT), credit, hedge funds, and infrastructure. Blackstone earns base management fees and performance-related earnings (carried interest) from alternative investment funds. |
| Investor focus | Net flow into iShares ETFs and active strategies, fee rate trends as ETFs take share, Aladdin technology revenue, and private markets expansion (GIP infrastructure acquisition). | Perpetual capital AUM growth (BREIT, BCRED), fee-related earnings, distributable earnings, and private equity exit environment for realizing carried interest. |
- iShares is the world's largest ETF platform — a structural beneficiary of the decades-long shift from active to passive investing
- Aladdin technology platform creates recurring SaaS-like revenue from financial institutions independent of market beta
- GIP acquisition expands BlackRock into infrastructure private markets, adding an alternative asset segment to diversify from public market fee pressure
- Blackstone's alternative investment platform benefits from secular institutional allocation growth from 'alts' as pension funds seek higher returns
- BREIT (perpetual non-traded REIT) and BCRED (perpetual credit fund) provide management fees that are not dependent on fund lifecycle exits
- Blackstone's brand and track record in private real estate and private equity attract continued capital commitments from global institutional investors
- ETF fee compression is secular — BlackRock must offset declining fee rates with growing AUM volumes
- Competition from Vanguard and State Street in core ETF products compresses fees on the largest ETF categories
- Active strategies are under long-term structural pressure as investors prefer passive at lower cost
- BREIT redemption requests during 2022-2023 illustrated the liquidity risk of perpetual non-traded vehicles
- Carried interest income is lumpy and depends on exit market conditions for private equity and real estate
- Rising interest rates increase the cost of leveraged buyout financing, reducing PE deal activity and limiting performance
Compare more than two at a time
This page is a fixed writeup on BLK and BX. Our comparison engine is the interactive version: load up to five tickers, switch timeframes, and get the correlation, drawdown, and overlap analysis that a static page can't show.
Add three more names beside BLK and BX, mixing stocks and ETFs in the same table — useful when the real question is which of a whole peer group to own.
AI score, forward P/E, analyst target upside, operating margin, and revenue growth are scored head-to-head, with a running tally of which ticker leads on how many metrics.
Volatility, Sharpe and Sortino ratios, maximum, current, and average drawdown, Ulcer Index, and worst single-day and single-week drops across every timeframe.
Pairwise daily-return correlation for every combination, so you can see whether two holdings actually diversify each other or just move together.
A scatter plot of forward P/E against return on equity, plus drawdown and 30-day rolling volatility charts, to separate what is cheap from what is merely beaten down.
For ETFs, a top-holdings comparison that exposes hidden overlap between funds. Every comparison exports to CSV for your own spreadsheet work.
Two comparisons a week are free without an account. A 14-day trial removes the limit and adds AI price forecasts, stock rankings, saved watchlists, and the intrinsic value calculator — no credit card required.
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.
Full valuation workup with AI Score, Monte Carlo forecast, and bull/bear case — free preview, premium data from $3.99.