CVLC vs. SRLN
Compare and contrast key facts about Calvert US Large-Cap Core Responsible Index ETF (CVLC) and SPDR Blackstone Senior Loan ETF (SRLN).
CVLC and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVLC is a passively managed fund by Calvert that tracks the performance of the Calvert US Large-Cap Core Responsible Index - Benchmark TR Gross. It was launched on Jan 30, 2023. 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 CVLC 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: CVLC or SRLN.
Key characteristics
| CVLC | SRLN | |
|---|---|---|
| YTD Return | 17.98% | 5.51% |
| 1Y Return | 28.48% | 8.59% |
| Sharpe Ratio | 2.12 | 4.20 |
| Daily Std Dev | 13.32% | 2.02% |
| Max Drawdown | -11.30% | -22.29% |
| Current Drawdown | -1.04% | 0.00% |
Correlation
The correlation between CVLC and SRLN is 0.64, 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
CVLC vs. SRLN - Performance Comparison
In the year-to-date period, CVLC achieves a 17.98% return, which is significantly higher than SRLN's 5.51% 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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CVLC vs. SRLN - Expense Ratio Comparison
CVLC has a 0.15% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
CVLC vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) 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
CVLC vs. SRLN - Dividend Comparison
CVLC's dividend yield for the trailing twelve months is around 0.83%, less than SRLN's 8.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVLC Calvert US Large-Cap Core Responsible Index ETF | 0.83% | 0.91% | 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 | 8.98% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
CVLC vs. SRLN - Drawdown Comparison
The maximum CVLC drawdown since its inception was -11.30%, 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. For additional features, visit the drawdowns tool.
Volatility
CVLC vs. SRLN - Volatility Comparison
Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 4.23% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.41%. 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.