BTZ vs. SRLN
Compare and contrast key facts about BlackRock Credit Allocation Income Trust (BTZ) and SPDR Blackstone Senior Loan ETF (SRLN).
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
BTZ vs. SRLN - Performance Comparison
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BTZ vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | -4.47% | 13.70% | 11.25% | 12.78% | -27.11% | 9.34% | 13.25% | 33.62% | -10.31% | 9.36% |
SRLN SPDR Blackstone Senior Loan ETF | -1.58% | 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, BTZ achieves a -4.47% return, which is significantly lower than SRLN's -1.58% return. Over the past 10 years, BTZ has outperformed SRLN with an annualized return of 5.83%, while SRLN has yielded a comparatively lower 4.48% annualized return.
BTZ
- 1D
- 3.70%
- 1M
- -4.01%
- YTD
- -4.47%
- 6M
- -4.19%
- 1Y
- 3.51%
- 3Y*
- 9.32%
- 5Y*
- 1.39%
- 10Y*
- 5.83%
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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Return for Risk
BTZ vs. SRLN — Risk / Return Rank
BTZ
SRLN
BTZ vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Credit Allocation Income Trust (BTZ) 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.
| BTZ | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 1.22 | -0.90 |
Sortino ratioReturn per unit of downside risk | 0.51 | 1.78 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.32 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.56 | -1.14 |
Martin ratioReturn relative to average drawdown | 1.45 | 5.67 | -4.21 |
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
| BTZ | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.22 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.15 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.74 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.67 | -0.49 |
Correlation
The correlation between BTZ and SRLN is 0.23, 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
BTZ vs. SRLN - Dividend Comparison
BTZ's dividend yield for the trailing twelve months is around 9.97%, more than SRLN's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTZ BlackRock Credit Allocation Income Trust | 9.97% | 9.30% | 9.63% | 9.76% | 9.14% | 6.69% | 6.84% | 6.23% | 7.19% | 6.25% | 6.90% | 7.83% |
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
BTZ vs. SRLN - Drawdown Comparison
The maximum BTZ drawdown since its inception was -74.62%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for BTZ and SRLN.
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Drawdown Indicators
| BTZ | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -22.29% | -52.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -3.31% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -34.67% | -7.93% | -26.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -22.29% | -13.03% |
Current DrawdownCurrent decline from peak | -5.94% | -1.94% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -1.11% | -11.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.93% | +1.75% |
Volatility
BTZ vs. SRLN - Volatility Comparison
BlackRock Credit Allocation Income Trust (BTZ) has a higher volatility of 5.77% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 1.77%. This indicates that BTZ'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
| BTZ | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 1.77% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 2.55% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 4.32% | +6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 3.89% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 6.05% | +7.04% |