BFEB vs. SRLN
Compare and contrast key facts about Innovator S&P 500 Buffer ETF - February (BFEB) and SPDR Blackstone Senior Loan ETF (SRLN).
BFEB and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BFEB is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index February Series. It was launched on Jan 31, 2020. 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. Both BFEB and SRLN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BFEB vs. SRLN - Performance Comparison
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BFEB vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BFEB Innovator S&P 500 Buffer ETF - February | -1.98% | 12.99% | 17.58% | 22.35% | -6.76% | 18.05% | 10.17% |
SRLN SPDR Blackstone Senior Loan ETF | -1.58% | 6.77% | 8.43% | 11.62% | -5.30% | 4.49% | 3.29% |
Returns By Period
In the year-to-date period, BFEB achieves a -1.98% return, which is significantly lower than SRLN's -1.58% return.
BFEB
- 1D
- 2.08%
- 1M
- -3.52%
- YTD
- -1.98%
- 6M
- 0.96%
- 1Y
- 14.86%
- 3Y*
- 14.25%
- 5Y*
- 10.24%
- 10Y*
- —
SRLN
- 1D
- 0.55%
- 1M
- 1.20%
- YTD
- -1.58%
- 6M
- 0.17%
- 1Y
- 5.24%
- 3Y*
- 7.42%
- 5Y*
- 4.46%
- 10Y*
- 4.48%
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BFEB vs. SRLN - Expense Ratio Comparison
BFEB has a 0.79% expense ratio, which is higher than SRLN's 0.70% expense ratio.
Return for Risk
BFEB vs. SRLN — Risk / Return Rank
BFEB
SRLN
BFEB vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P 500 Buffer ETF - February (BFEB) 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.
| BFEB | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.22 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.78 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.56 | +0.12 |
Martin ratioReturn relative to average drawdown | 8.76 | 5.67 | +3.09 |
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
| BFEB | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.22 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 1.15 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.67 | +0.12 |
Correlation
The correlation between BFEB and SRLN is 0.62, 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.
Dividends
BFEB vs. SRLN - Dividend Comparison
BFEB has not paid dividends to shareholders, while SRLN's dividend yield for the trailing twelve months is around 7.73%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFEB Innovator S&P 500 Buffer ETF - February | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 7.73% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Drawdowns
BFEB vs. SRLN - Drawdown Comparison
The maximum BFEB drawdown since its inception was -26.37%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for BFEB and SRLN.
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Drawdown Indicators
| BFEB | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.37% | -22.29% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -3.31% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | -7.93% | -6.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -4.46% | -1.94% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -1.11% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.93% | +0.83% |
Volatility
BFEB vs. SRLN - Volatility Comparison
Innovator S&P 500 Buffer ETF - February (BFEB) has a higher volatility of 3.97% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 1.77%. This indicates that BFEB'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
| BFEB | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 1.77% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 2.55% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 4.32% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.40% | 3.89% | +7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 6.05% | +8.28% |