CVLC vs. SRLN
CVLC (Calvert US Large-Cap Core Responsible Index ETF) and SRLN (State Street Blackstone Senior Loan ETF) are both exchange-traded funds - CVLC is a Large Cap Blend Equities fund tracking the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross, while SRLN is a Bank Loan fund actively managed by State Street. CVLC is passively managed, while SRLN is actively managed. Over the past 3 years, CVLC returned 21.49%/yr vs 7.44%/yr for SRLN. A 0.63 correlation means they provide meaningful diversification when combined. CVLC charges 0.15%/yr vs 0.70%/yr for SRLN.
Performance
CVLC vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, CVLC achieves a 12.05% return, which is significantly higher than SRLN's 0.63% return.
CVLC
- 1D
- -0.31%
- 1M
- 1.64%
- YTD
- 12.05%
- 6M
- 11.50%
- 1Y
- 29.30%
- 3Y*
- 21.49%
- 5Y*
- —
- 10Y*
- —
SRLN
- 1D
- -0.12%
- 1M
- 0.26%
- YTD
- 0.63%
- 6M
- 0.94%
- 1Y
- 5.18%
- 3Y*
- 7.44%
- 5Y*
- 4.52%
- 10Y*
- 4.55%
CVLC vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVLC Calvert US Large-Cap Core Responsible Index ETF | 12.05% | 16.13% | 24.20% | 19.04% |
SRLN State Street Blackstone Senior Loan ETF | 0.63% | 6.77% | 8.43% | 8.46% |
Correlation
The correlation between CVLC and SRLN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | 0.63 |
The correlation between CVLC and SRLN has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
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Return for Risk
CVLC vs. SRLN — Risk / Return Rank
CVLC
SRLN
CVLC vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVLC | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.60 | +1.47 |
| Martin ratioReturn relative to average drawdown | 13.77 | 5.90 | +7.87 |
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Drawdowns
CVLC vs. SRLN - Drawdown Comparison
The maximum CVLC drawdown since its inception was -19.92%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for CVLC and SRLN.
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Drawdown Indicators
| CVLC | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -22.29% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -3.26% | -6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -19.92% | -4.26% | -15.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.17% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -1.10% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.88% | +1.25% |
Volatility
CVLC vs. SRLN - Volatility Comparison
Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 4.74% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.60%. This indicates that CVLC'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
| CVLC | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 0.60% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 2.67% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 2.91% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.64% | 3.91% | +11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 6.06% | +9.58% |
CVLC vs. SRLN - Expense Ratio Comparison
CVLC has a 0.15% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
CVLC vs. SRLN - Dividend Comparison
CVLC's dividend yield for the trailing twelve months is around 1.12%, less than SRLN's 7.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVLC Calvert US Large-Cap Core Responsible Index ETF | 1.12% | 1.02% | 1.03% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN State Street Blackstone Senior Loan ETF | 7.50% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
CVLC and SRLN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVLC has higher volatility (4.74%) compared to SRLN (0.60%). In terms of maximum drawdown, CVLC dropped -19.92% vs SRLN's -22.29%.
On 3-year performance, CVLC leads with 21.49% vs 7.44% for SRLN. On fees, CVLC is cheaper at 0.15% per year. On volatility, SRLN has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CVLC has performed better with a 21.49% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CVLC is cheaper with a 0.15% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.50%, compared with 1.12% for CVLC.
CVLC is categorized as Large Cap Blend Equities, while SRLN is Bank Loan. They also come from different issuers: Calvert and State Street. Their fees differ too: 0.15% for CVLC and 0.70% for SRLN.
CVLC currently has the higher Sharpe Ratio (2.26 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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