- ISIN
- US78467V6083
- CUSIP
- 78467V608
- Issuer
- State Street
- Inception Date
- Apr 3, 2013
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Markit iBoxx USD Liquid Leveraged Loan Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $5B
Share Price Chart
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Performance
SRLN Performance Chart
SPDR Blackstone Senior Loan ETF (SRLN) is up 0.7% since the beginning of the year. SRLN is currently trading at $40 per share. Investors who bought $1,000 worth of SRLN shares 5 years ago would now be looking at an investment worth $1,253.
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Returns By Period
SPDR Blackstone Senior Loan ETF (SRLN) has returned 0.68% so far this year and 5.57% over the past 12 months. Over the last ten years, SRLN has returned 4.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
SPDR Blackstone Senior Loan ETF
- 1D
- -0.12%
- 1M
- 0.26%
- YTD
- 0.68%
- 6M
- 1.43%
- 1Y
- 5.57%
- 3Y*
- 7.88%
- 5Y*
- 4.62%
- 10Y*
- 4.52%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
SRLN Monthly Returns History
Based on dividend-adjusted daily data since Apr 4, 2013, SRLN's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +4.9%, while the worst month was Mar 2020 at -11.6%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SRLN closed higher 55% of trading days. The best single day was Apr 6, 2020 with a return of +4.2%, while the worst single day was Mar 23, 2020 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.75% | -2.02% | 1.20% | 1.77% | 0.43% | 0.08% | 0.68% | ||||||
| 2025 | 0.55% | 0.04% | -0.75% | -0.19% | 2.13% | 1.12% | 0.79% | 0.53% | 0.59% | 0.44% | 0.64% | 0.70% | 6.77% |
| 2024 | 0.07% | 0.96% | 0.87% | 0.42% | 1.01% | 0.04% | 0.60% | 0.97% | 0.54% | 0.93% | 1.29% | 0.43% | 8.43% |
| 2023 | 2.91% | -0.12% | -0.19% | 0.80% | -0.34% | 2.60% | 0.87% | 1.13% | 0.34% | -0.14% | 1.48% | 1.79% | 11.62% |
| 2022 | -0.09% | -0.73% | 0.09% | -0.71% | -2.89% | -2.82% | 2.53% | 1.16% | -4.13% | 1.70% | 0.92% | -0.24% | -5.30% |
| 2021 | 0.55% | 0.59% | -0.22% | 0.75% | 0.96% | 0.61% | -0.65% | 0.70% | 0.48% | 0.11% | -0.81% | 1.35% | 4.49% |
Benchmark Metrics
SPDR Blackstone Senior Loan ETF has an annualized alpha of 1.27%, beta of 0.19, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since April 05, 2013.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.32%) than losses (18.35%) - typical of diversified or defensive assets.
- Beta of 0.19 may look defensive, but with R2 of 0.37 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.27%
- Beta
- 0.19
- R²
- 0.37
- Upside Capture
- 19.32%
- Downside Capture
- 18.35%
Expense Ratio
SRLN has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SRLN ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR Blackstone Senior Loan ETF (SRLN) and compare them to S&P 500 Index.
| SRLN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.93 | -1.21 |
| Martin ratioReturn relative to average drawdown | 6.35 | 13.52 | -7.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
SPDR Blackstone Senior Loan ETF provided a 7.49% dividend yield over the last twelve months, with an annual payout of $3.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.02 | $3.16 | $3.58 | $3.54 | $2.34 | $2.03 | $2.24 | $2.51 | $2.23 | $1.89 | $1.87 | $2.04 |
Dividend yield | 7.49% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Blackstone Senior Loan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.25 | $0.23 | $0.25 | $0.22 | $0.23 | $1.18 | ||||||
| 2025 | $0.00 | $0.28 | $0.26 | $0.27 | $0.25 | $0.26 | $0.27 | $0.27 | $0.26 | $0.25 | $0.28 | $0.51 | $3.16 |
| 2024 | $0.00 | $0.32 | $0.29 | $0.31 | $0.31 | $0.31 | $0.30 | $0.30 | $0.31 | $0.30 | $0.30 | $0.53 | $3.58 |
| 2023 | $0.00 | $0.25 | $0.25 | $0.27 | $0.28 | $0.29 | $0.29 | $0.29 | $0.33 | $0.32 | $0.32 | $0.65 | $3.54 |
| 2022 | $0.00 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.20 | $0.22 | $0.24 | $0.48 | $2.34 |
| 2021 | $0.00 | $0.17 | $0.16 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.34 | $2.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Blackstone Senior Loan ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Blackstone Senior Loan ETF was 22.29%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current SPDR Blackstone Senior Loan ETF drawdown is 0.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.29%Mar 2020 | 1mo 2d | 7mo 21d | 8mo 23dFeb 2020 - Nov 2020 |
Bear market2022 | -7.93%Sep 2022 | 8mo 15d | 9mo 15d | 1y 5moJan 2022 - Jul 2023 |
2016 pullback2016 | -5.58%Feb 2016 | 6mo 26d | 6mo | 1y 21dJul 2015 - Aug 2016 |
Rate-hike selloffLate 2018 | -4.61%Dec 2018 | 2mo 8d | 2mo 3d | 4mo 11dOct 2018 - Feb 2019 |
2025 selloff2025 | -4.26%Apr 2025 | 1mo 17d | 1mo 5d | 2mo 22dFeb 2025 - May 2025 |
Drawdown Indicators
| SRLN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -56.78% | +34.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -9.10% | +5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -18.90% | +14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -25.43% | +17.50% |
Max Drawdown (10Y)Largest decline over 10 years | -22.29% | -33.92% | +11.63% |
Current DrawdownCurrent decline from peak | -0.12% | -0.74% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -10.72% | +9.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.97% | -1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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