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CEFD vs. TSLX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CEFD and TSLX is 0.52, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

CEFD vs. TSLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Sixth Street Specialty Lending, Inc. (TSLX). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
31.29%
101.11%
CEFD
TSLX

Key characteristics

Sharpe Ratio

CEFD:

0.46

TSLX:

0.50

Sortino Ratio

CEFD:

0.76

TSLX:

0.78

Omega Ratio

CEFD:

1.12

TSLX:

1.11

Calmar Ratio

CEFD:

0.44

TSLX:

0.53

Martin Ratio

CEFD:

2.08

TSLX:

2.09

Ulcer Index

CEFD:

4.83%

TSLX:

4.25%

Daily Std Dev

CEFD:

21.61%

TSLX:

17.84%

Max Drawdown

CEFD:

-36.95%

TSLX:

-50.27%

Current Drawdown

CEFD:

-12.60%

TSLX:

-9.11%

Returns By Period

In the year-to-date period, CEFD achieves a -4.54% return, which is significantly lower than TSLX's 0.62% return.


CEFD

YTD

-4.54%

1M

-5.78%

6M

-5.34%

1Y

11.77%

5Y*

N/A

10Y*

N/A

TSLX

YTD

0.62%

1M

-7.02%

6M

6.22%

1Y

9.12%

5Y*

19.15%

10Y*

12.97%

*Annualized

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Risk-Adjusted Performance

CEFD vs. TSLX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEFD
The Risk-Adjusted Performance Rank of CEFD is 5757
Overall Rank
The Sharpe Ratio Rank of CEFD is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of CEFD is 5353
Sortino Ratio Rank
The Omega Ratio Rank of CEFD is 6060
Omega Ratio Rank
The Calmar Ratio Rank of CEFD is 5656
Calmar Ratio Rank
The Martin Ratio Rank of CEFD is 6060
Martin Ratio Rank

TSLX
The Risk-Adjusted Performance Rank of TSLX is 6868
Overall Rank
The Sharpe Ratio Rank of TSLX is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of TSLX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of TSLX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of TSLX is 7474
Calmar Ratio Rank
The Martin Ratio Rank of TSLX is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CEFD vs. TSLX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Sixth Street Specialty Lending, Inc. (TSLX). 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.


The chart of Sharpe ratio for CEFD, currently valued at 0.46, compared to the broader market-1.000.001.002.003.004.00
CEFD: 0.46
TSLX: 0.50
The chart of Sortino ratio for CEFD, currently valued at 0.76, compared to the broader market-2.000.002.004.006.008.00
CEFD: 0.76
TSLX: 0.78
The chart of Omega ratio for CEFD, currently valued at 1.12, compared to the broader market0.501.001.502.002.50
CEFD: 1.12
TSLX: 1.11
The chart of Calmar ratio for CEFD, currently valued at 0.44, compared to the broader market0.002.004.006.008.0010.0012.00
CEFD: 0.44
TSLX: 0.53
The chart of Martin ratio for CEFD, currently valued at 2.08, compared to the broader market0.0020.0040.0060.00
CEFD: 2.08
TSLX: 2.09

The current CEFD Sharpe Ratio is 0.46, which is comparable to the TSLX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of CEFD and TSLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.46
0.50
CEFD
TSLX

Dividends

CEFD vs. TSLX - Dividend Comparison

CEFD's dividend yield for the trailing twelve months is around 16.35%, more than TSLX's 9.94% yield.


TTM20242023202220212020201920182017201620152014
CEFD
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN
16.35%13.90%14.76%16.56%10.31%5.37%0.00%0.00%0.00%0.00%0.00%0.00%
TSLX
Sixth Street Specialty Lending, Inc.
9.94%11.97%9.72%10.34%15.35%11.08%8.43%9.84%10.81%8.35%9.62%9.10%

Drawdowns

CEFD vs. TSLX - Drawdown Comparison

The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum TSLX drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for CEFD and TSLX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.60%
-9.11%
CEFD
TSLX

Volatility

CEFD vs. TSLX - Volatility Comparison

ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a higher volatility of 17.20% compared to Sixth Street Specialty Lending, Inc. (TSLX) at 11.94%. This indicates that CEFD's price experiences larger fluctuations and is considered to be riskier than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
17.20%
11.94%
CEFD
TSLX