FIGB vs. SRLN
FIGB (Fidelity Investment Grade Bond ETF) and SRLN (SPDR Blackstone Senior Loan ETF) are both exchange-traded funds - FIGB is a Intermediate Core Bond fund actively managed by Fidelity, while SRLN is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid Leveraged Loan Index. FIGB is actively managed, while SRLN is passively managed. Over the past 5 years, FIGB returned 0.24%/yr vs 4.62%/yr for SRLN. At a 0.16 correlation, their price movements are largely independent. FIGB charges 0.36%/yr vs 0.70%/yr for SRLN.
Performance
FIGB vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, FIGB achieves a 0.14% return, which is significantly lower than SRLN's 0.68% return.
FIGB
- 1D
- -0.14%
- 1M
- 0.11%
- YTD
- 0.14%
- 6M
- 0.08%
- 1Y
- 4.93%
- 3Y*
- 4.09%
- 5Y*
- 0.24%
- 10Y*
- —
SRLN
- 1D
- -0.12%
- 1M
- 0.26%
- YTD
- 0.68%
- 6M
- 1.43%
- 1Y
- 5.57%
- 3Y*
- 7.88%
- 5Y*
- 4.62%
- 10Y*
- 4.52%
FIGB vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 0.14% | 6.95% | 1.51% | 6.65% | -13.43% | 1.77% |
SRLN SPDR Blackstone Senior Loan ETF | 0.68% | 6.77% | 8.43% | 11.62% | -5.30% | 3.51% |
Correlation
The correlation between FIGB and SRLN is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021 | 0.16 |
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Return for Risk
FIGB vs. SRLN — Risk / Return Rank
FIGB
SRLN
FIGB vs. SRLN - Risk-Adjusted Trends 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.
| FIGB | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.71 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.25 | 6.35 | -1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIGB | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.94 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 1.19 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.70 | -0.63 |
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.
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Drawdown Indicators
| FIGB | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -22.29% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.26% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -4.26% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -7.93% | -10.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.12% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -1.10% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.88% | +0.06% |
Volatility
FIGB vs. SRLN - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.42% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.44%. 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.
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Volatility by Period
| FIGB | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 0.44% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.64% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 2.89% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 3.91% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 6.06% | +0.11% |
FIGB vs. SRLN - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
FIGB vs. SRLN - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.11%, less than SRLN's 7.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.11% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 7.49% | 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
FIGB and SRLN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIGB has higher volatility (1.42%) compared to SRLN (0.44%). In terms of maximum drawdown, FIGB dropped -18.08% vs SRLN's -22.29%.
On 5-year performance, SRLN leads with 4.62% vs 0.24% for FIGB. On fees, FIGB is cheaper at 0.36% per year. On volatility, SRLN has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SRLN has performed better with a 4.62% return vs 0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIGB is cheaper with a 0.36% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 7.49%, compared with 4.11% for FIGB.
FIGB is categorized as Intermediate Core Bond, while SRLN is High Yield Bonds. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.36% for FIGB and 0.70% for SRLN.
SRLN currently has the higher Sharpe Ratio (1.94 vs 1.19), 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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