ANNPX vs. SRLN
Compare and contrast key facts about Virtus Convertible Fund (ANNPX) and SPDR Blackstone Senior Loan ETF (SRLN).
ANNPX is managed by Allianz Global Investors. It was launched on Apr 18, 1993. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANNPX or SRLN.
Key characteristics
| ANNPX | SRLN | |
|---|---|---|
| YTD Return | 3.32% | 3.09% |
| 1Y Return | 9.91% | 11.60% |
| 3Y Return (Ann) | -0.96% | 3.78% |
| 5Y Return (Ann) | 10.86% | 4.03% |
| 10Y Return (Ann) | 9.17% | 3.49% |
| Sharpe Ratio | 1.16 | 6.17 |
| Daily Std Dev | 9.07% | 1.92% |
| Max Drawdown | -39.21% | -22.29% |
| Current Drawdown | -14.82% | -0.02% |
Correlation
The correlation between ANNPX and SRLN is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ANNPX vs. SRLN - Performance Comparison
In the year-to-date period, ANNPX achieves a 3.32% return, which is significantly higher than SRLN's 3.09% return. Over the past 10 years, ANNPX has outperformed SRLN with an annualized return of 9.17%, while SRLN has yielded a comparatively lower 3.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ANNPX vs. SRLN - Expense Ratio Comparison
ANNPX has a 0.71% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
ANNPX vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Convertible Fund (ANNPX) and SPDR Blackstone Senior Loan ETF (SRLN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ANNPX vs. SRLN - Dividend Comparison
ANNPX's dividend yield for the trailing twelve months is around 2.56%, less than SRLN's 8.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 2.56% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% | 10.09% | 3.62% |
SRLN SPDR Blackstone Senior Loan ETF | 8.87% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
ANNPX vs. SRLN - Drawdown Comparison
The maximum ANNPX drawdown since its inception was -39.21%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for ANNPX and SRLN. For additional features, visit the drawdowns tool.
Volatility
ANNPX vs. SRLN - Volatility Comparison
Virtus Convertible Fund (ANNPX) has a higher volatility of 2.58% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.48%. This indicates that ANNPX's price experiences larger fluctuations and is considered to be riskier than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.