BCX vs. SRLN
Compare and contrast key facts about Blackrock Resources & Commodities Strategy Trust (BCX) and SPDR Blackstone Senior Loan ETF (SRLN).
BCX is managed by BlackRock. It was launched on Mar 30, 2011. 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.
Performance
BCX vs. SRLN - Performance Comparison
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BCX vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 13.18% | 40.37% | 3.18% | -4.79% | 12.80% | 32.90% | 0.04% | 23.80% | -22.55% | 26.76% |
SRLN SPDR Blackstone Senior Loan ETF | -1.39% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.13% | 10.03% | -0.66% | 3.39% |
Returns By Period
In the year-to-date period, BCX achieves a 13.18% return, which is significantly higher than SRLN's -1.39% return. Over the past 10 years, BCX has outperformed SRLN with an annualized return of 13.23%, while SRLN has yielded a comparatively lower 4.50% annualized return.
BCX
- 1D
- 1.41%
- 1M
- -9.91%
- YTD
- 13.18%
- 6M
- 22.77%
- 1Y
- 41.49%
- 3Y*
- 17.10%
- 5Y*
- 13.85%
- 10Y*
- 13.23%
SRLN
- 1D
- 0.20%
- 1M
- 1.56%
- YTD
- -1.39%
- 6M
- 0.39%
- 1Y
- 5.55%
- 3Y*
- 7.49%
- 5Y*
- 4.50%
- 10Y*
- 4.50%
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BCX vs. SRLN - Expense Ratio Comparison
BCX has a 1.10% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Return for Risk
BCX vs. SRLN — Risk / Return Rank
BCX
SRLN
BCX vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Resources & Commodities Strategy Trust (BCX) 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.
| BCX | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 1.29 | +0.69 |
Sortino ratioReturn per unit of downside risk | 2.42 | 1.88 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.65 | +0.96 |
Martin ratioReturn relative to average drawdown | 9.72 | 5.85 | +3.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCX | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.29 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.16 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.75 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.68 | -0.47 |
Correlation
The correlation between BCX and SRLN is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BCX vs. SRLN - Dividend Comparison
BCX's dividend yield for the trailing twelve months is around 6.84%, less than SRLN's 7.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 6.84% | 7.62% | 7.49% | 7.00% | 5.52% | 5.13% | 7.10% | 7.67% | 8.77% | 6.19% | 6.98% | 11.38% |
SRLN SPDR Blackstone Senior Loan ETF | 7.70% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Drawdowns
BCX vs. SRLN - Drawdown Comparison
The maximum BCX drawdown since its inception was -62.36%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for BCX and SRLN.
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Drawdown Indicators
| BCX | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -22.29% | -40.07% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -3.28% | -12.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.22% | -7.93% | -21.29% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -22.29% | -36.94% |
Current DrawdownCurrent decline from peak | -9.91% | -1.75% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -1.11% | -18.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 0.93% | +3.40% |
Volatility
BCX vs. SRLN - Volatility Comparison
Blackrock Resources & Commodities Strategy Trust (BCX) has a higher volatility of 7.03% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 1.78%. This indicates that BCX'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.
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Volatility by Period
| BCX | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 1.78% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 2.56% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 4.32% | +16.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 3.89% | +17.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 6.05% | +17.49% |