DBFRX vs. SRLN
Compare and contrast key facts about DoubleLine Floating Rate Fund (DBFRX) and SPDR Blackstone Senior Loan ETF (SRLN).
DBFRX is managed by DoubleLine. It was launched on Jan 31, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBFRX or SRLN.
Key characteristics
| DBFRX | SRLN | |
|---|---|---|
| YTD Return | 3.36% | 3.09% |
| 1Y Return | 10.78% | 11.60% |
| 3Y Return (Ann) | 4.60% | 3.78% |
| 5Y Return (Ann) | 4.08% | 4.03% |
| 10Y Return (Ann) | 3.65% | 3.49% |
| Sharpe Ratio | 10.17 | 6.17 |
| Daily Std Dev | 1.06% | 1.92% |
| Max Drawdown | -18.59% | -22.29% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between DBFRX and SRLN is 0.38, 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.
Performance
DBFRX vs. SRLN - Performance Comparison
In the year-to-date period, DBFRX achieves a 3.36% return, which is significantly higher than SRLN's 3.09% return. Both investments have delivered pretty close results over the past 10 years, with DBFRX having a 3.65% annualized return and SRLN not far behind at 3.49%. 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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DBFRX vs. SRLN - Expense Ratio Comparison
DBFRX has a 0.68% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
DBFRX vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Floating Rate Fund (DBFRX) 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
DBFRX vs. SRLN - Dividend Comparison
DBFRX's dividend yield for the trailing twelve months is around 8.39%, less than SRLN's 8.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBFRX DoubleLine Floating Rate Fund | 8.39% | 8.42% | 5.14% | 3.24% | 4.04% | 5.29% | 4.89% | 3.75% | 3.50% | 3.82% | 3.38% | 1.55% |
SRLN SPDR Blackstone Senior Loan ETF | 8.87% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
DBFRX vs. SRLN - Drawdown Comparison
The maximum DBFRX drawdown since its inception was -18.59%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for DBFRX and SRLN. For additional features, visit the drawdowns tool.
Volatility
DBFRX vs. SRLN - Volatility Comparison
The current volatility for DoubleLine Floating Rate Fund (DBFRX) is 0.26%, while SPDR Blackstone Senior Loan ETF (SRLN) has a volatility of 0.48%. This indicates that DBFRX experiences smaller price fluctuations and is considered to be less risky than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.