EFR vs. SRLN
Compare and contrast key facts about Eaton Vance Senior Floating-Rate Trust (EFR) and SPDR Blackstone Senior Loan ETF (SRLN).
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: EFR or SRLN.
Key characteristics
| EFR | SRLN | |
|---|---|---|
| YTD Return | 10.36% | 7.52% |
| 1Y Return | 16.65% | 10.13% |
| 3Y Return (Ann) | 3.31% | 4.43% |
| 5Y Return (Ann) | 8.52% | 4.61% |
| 10Y Return (Ann) | 6.66% | 3.89% |
| Sharpe Ratio | 1.82 | 5.35 |
| Sortino Ratio | 2.42 | 8.21 |
| Omega Ratio | 1.35 | 2.56 |
| Calmar Ratio | 2.67 | 7.38 |
| Martin Ratio | 11.40 | 61.22 |
| Ulcer Index | 1.49% | 0.16% |
| Daily Std Dev | 9.30% | 1.89% |
| Max Drawdown | -60.67% | -22.29% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between EFR and SRLN is 0.28, 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
EFR vs. SRLN - Performance Comparison
In the year-to-date period, EFR achieves a 10.36% return, which is significantly higher than SRLN's 7.52% return. Over the past 10 years, EFR has outperformed SRLN with an annualized return of 6.66%, while SRLN has yielded a comparatively lower 3.89% 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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Risk-Adjusted Performance
EFR vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Senior Floating-Rate Trust (EFR) 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
EFR vs. SRLN - Dividend Comparison
EFR's dividend yield for the trailing twelve months is around 9.98%, more than SRLN's 8.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFR Eaton Vance Senior Floating-Rate Trust | 9.98% | 9.42% | 9.63% | 5.60% | 5.87% | 7.34% | 7.46% | 5.43% | 5.82% | 7.59% | 6.14% | 7.03% |
SRLN SPDR Blackstone Senior Loan ETF | 8.84% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
EFR vs. SRLN - Drawdown Comparison
The maximum EFR drawdown since its inception was -60.67%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for EFR and SRLN. For additional features, visit the drawdowns tool.
Volatility
EFR vs. SRLN - Volatility Comparison
Eaton Vance Senior Floating-Rate Trust (EFR) has a higher volatility of 1.64% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.54%. This indicates that EFR'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.