BTX vs GSBD

For growth investors, Goldman Sachs BDC, Inc.

(GSBD) is the stronger pick with 26. 0% revenue growth year-over-year, versus -81. 1% for BlackRock Technology and Private Equity Term Trust (BTX). Goldman Sachs BDC, Inc. (GSBD) offers the better valuation at 9. 7x trailing P/E (8. 1x forward), making it the more compelling value choice. Analysts rate Goldman Sachs BDC, Inc. (GSBD) a "Hold" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Goldman Sachs BDC, Inc.

(GSBD) is the cheapest at 9. 7x versus BlackRock Technology and Private Equity Term Trust at 47. 6x.

Over the past 5 years, Goldman Sachs BDC, Inc.

(GSBD) delivered a total return of -3. 4%, compared to -38. 0% for BlackRock Technology and Private Equity Term Trust (BTX). Over 10 years, the gap is even starker: GSBD returned +44. 7% versus BTX's -37. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Goldman Sachs BDC, Inc.

(GSBD) is the lower-risk stock at 0. 50β versus BlackRock Technology and Private Equity Term Trust's 1. 29β — meaning BTX is approximately 159% more volatile than GSBD relative to the S&P 500.

By revenue growth (latest reported year), Goldman Sachs BDC, Inc.

(GSBD) is pulling ahead at 26. 0% versus -81. 1% for BlackRock Technology and Private Equity Term Trust (BTX). On earnings-per-share growth, the picture is similar: Goldman Sachs BDC, Inc. grew EPS 87. 3% year-over-year, compared to -82. 7% for BlackRock Technology and Private Equity Term Trust. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

BlackRock Technology and Private Equity Term Trust (BTX) is the more profitable company, earning 87.

7% net margin versus 49. 2% for Goldman Sachs BDC, Inc. — meaning it keeps 87. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GSBD leads at 98. 4% versus 87. 7% for BTX. At the gross margin level — before operating expenses — BTX leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

All stocks in this comparison pay dividends.

Goldman Sachs BDC, Inc. (GSBD) offers the highest yield at 20. 3%, versus 10. 6% for BlackRock Technology and Private Equity Term Trust (BTX).

For long-horizon retirement investors, Goldman Sachs BDC, Inc.

(GSBD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 50), 20. 3% yield). Both have compounded well over 10 years (GSBD: +44. 7%, BTX: -37. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

These companies operate in different sectors (BTX (Healthcare) and GSBD (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: BTX is a small-cap income-oriented stock; GSBD is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.