CSD vs. SRLN
Compare and contrast key facts about Invesco S&P Spin-Off ETF (CSD) and SPDR Blackstone Senior Loan ETF (SRLN).
CSD and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off TR. It was launched on Dec 15, 2006. 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 CSD 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSD or SRLN.
Key characteristics
| CSD | SRLN | |
|---|---|---|
| YTD Return | 29.43% | 7.42% |
| 1Y Return | 43.05% | 9.73% |
| 3Y Return (Ann) | 9.54% | 4.36% |
| 5Y Return (Ann) | 12.43% | 4.55% |
| 10Y Return (Ann) | 7.55% | 3.86% |
| Sharpe Ratio | 2.26 | 5.12 |
| Sortino Ratio | 3.00 | 7.80 |
| Omega Ratio | 1.38 | 2.46 |
| Calmar Ratio | 3.37 | 7.11 |
| Martin Ratio | 14.66 | 58.35 |
| Ulcer Index | 2.94% | 0.17% |
| Daily Std Dev | 19.10% | 1.90% |
| Max Drawdown | -70.47% | -22.29% |
| Current Drawdown | -3.88% | -0.24% |
Correlation
The correlation between CSD and SRLN is 0.42, 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
CSD vs. SRLN - Performance Comparison
In the year-to-date period, CSD achieves a 29.43% return, which is significantly higher than SRLN's 7.42% return. Over the past 10 years, CSD has outperformed SRLN with an annualized return of 7.55%, while SRLN has yielded a comparatively lower 3.86% 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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CSD vs. SRLN - Expense Ratio Comparison
CSD has a 0.65% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
CSD vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Spin-Off ETF (CSD) 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
CSD vs. SRLN - Dividend Comparison
CSD's dividend yield for the trailing twelve months is around 0.40%, less than SRLN's 8.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSD Invesco S&P Spin-Off ETF | 0.40% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% | 1.64% | 0.19% |
SRLN SPDR Blackstone Senior Loan ETF | 8.85% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
CSD vs. SRLN - Drawdown Comparison
The maximum CSD drawdown since its inception was -70.47%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for CSD and SRLN. For additional features, visit the drawdowns tool.
Volatility
CSD vs. SRLN - Volatility Comparison
Invesco S&P Spin-Off ETF (CSD) has a higher volatility of 5.91% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.59%. This indicates that CSD'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.