FIGB vs. SRLN
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and SPDR Blackstone Senior Loan ETF (SRLN).
FIGB and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. 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: FIGB or SRLN.
Key characteristics
| FIGB | SRLN | |
|---|---|---|
| YTD Return | 1.86% | 7.68% |
| 1Y Return | 8.55% | 10.21% |
| 3Y Return (Ann) | -1.94% | 4.50% |
| Sharpe Ratio | 1.26 | 5.45 |
| Sortino Ratio | 1.92 | 8.39 |
| Omega Ratio | 1.23 | 2.60 |
| Calmar Ratio | 0.60 | 7.53 |
| Martin Ratio | 4.58 | 62.50 |
| Ulcer Index | 1.87% | 0.16% |
| Daily Std Dev | 6.81% | 1.89% |
| Max Drawdown | -18.08% | -22.29% |
| Current Drawdown | -7.07% | 0.00% |
Correlation
The correlation between FIGB and SRLN is 0.17, 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
FIGB vs. SRLN - Performance Comparison
In the year-to-date period, FIGB achieves a 1.86% return, which is significantly lower than SRLN's 7.68% 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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FIGB vs. SRLN - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Risk-Adjusted Performance
FIGB vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) 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
FIGB vs. SRLN - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.17%, less than SRLN's 8.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.17% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 8.83% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
FIGB vs. SRLN - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for FIGB and SRLN. For additional features, visit the drawdowns tool.
Volatility
FIGB vs. SRLN - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.78% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.53%. This indicates that FIGB'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.