GJO vs. SRLN

Last updated Jun 24, 2026

GJO (Strats Trust Wal Mart Stores Inc. STRT CTF 05-4) is a stock, while SRLN (State Street Blackstone Senior Loan ETF) is Bank Loan fund actively managed by State Street. Over the past 10 years, GJO returned 5.60%/yr vs 4.54%/yr for SRLN. At a 0.02 correlation, their price movements are largely independent.

Performance

GJO vs. SRLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strats Trust Wal Mart Stores Inc. STRT CTF 05-4 (GJO) and State Street Blackstone Senior Loan ETF (SRLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GJO achieves a 1.66% return, which is significantly higher than SRLN's 0.48% return. Over the past 10 years, GJO has outperformed SRLN with an annualized return of 5.60%, while SRLN has yielded a comparatively lower 4.54% annualized return.

GJO

• 1D: 0.00%
• 1M: 3.40%
• YTD: 1.66%
• 6M: 1.68%
• 1Y: 5.63%
• 3Y*: 5.89%
• 5Y*: 5.07%
• 10Y*: 5.60%

SRLN

• 1D: -0.15%
• 1M: 0.11%
• YTD: 0.48%
• 6M: 0.74%
• 1Y: 5.02%
• 3Y*: 7.38%
• 5Y*: 4.48%
• 10Y*: 4.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GJO vs. SRLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GJO Strats Trust Wal Mart Stores Inc. STRT CTF 05-4	1.66%	5.57%	5.19%	9.80%	1.34%	1.76%	2.31%	10.59%	4.45%	13.43%
SRLN State Street Blackstone Senior Loan ETF	0.48%	6.77%	8.43%	11.62%	-5.30%	4.49%	3.13%	10.03%	-0.66%	3.39%

Correlation

The correlation between GJO and SRLN is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013	0.02

Return for Risk

GJO vs. SRLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GJO

GJO Risk / Return Rank: 69
GJO Sharpe Ratio Rank: 66
GJO Sortino Ratio Rank: 56
GJO Omega Ratio Rank: 73
GJO Calmar Ratio Rank: 74
GJO Martin Ratio Rank: 78

SRLN

SRLN Risk / Return Rank: 49
SRLN Sharpe Ratio Rank: 52
SRLN Sortino Ratio Rank: 54
SRLN Omega Ratio Rank: 67
SRLN Calmar Ratio Rank: 32
SRLN Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GJO vs. SRLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strats Trust Wal Mart Stores Inc. STRT CTF 05-4 (GJO) and State Street 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GJO	SRLN	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.73	-1.01
Sortino ratio: Return per unit of downside risk	1.02	2.52	-1.50
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.84	1.55	+0.30
Martin ratio: Return relative to average drawdown	5.64	5.72	-0.09

GJO vs. SRLN - Sharpe Ratio Comparison

The current GJO Sharpe Ratio is 0.72, which is lower than the SRLN Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GJO and SRLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GJO vs. SRLN - Drawdown Comparison

The maximum GJO drawdown since its inception was -25.56%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for GJO and SRLN.

Drawdown Indicators

	GJO	SRLN	Difference
Max Drawdown Largest peak-to-trough decline	-25.56%	-22.29%	-3.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-3.26%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-3.19%	-4.26%	+1.07%
Max Drawdown (5Y) Largest decline over 5 years	-3.69%	-7.93%	+4.24%
Max Drawdown (10Y) Largest decline over 10 years	-13.93%	-22.29%	+8.36%
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.63%	-1.10%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.88%	+0.12%

Volatility

GJO vs. SRLN - Volatility Comparison

Strats Trust Wal Mart Stores Inc. STRT CTF 05-4 (GJO) has a higher volatility of 3.18% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.62%. This indicates that GJO'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.

Volatility by Period

	GJO	SRLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	0.62%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	2.67%	+3.46%
Volatility (1Y) Calculated over the trailing 1-year period	7.96%	2.91%	+5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.92%	3.92%	+5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.93%	6.06%	+4.87%

Dividends

GJO vs. SRLN - Dividend Comparison

GJO's dividend yield for the trailing twelve months is around 4.29%, less than SRLN's 7.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GJO Strats Trust Wal Mart Stores Inc. STRT CTF 05-4	4.29%	4.97%	5.94%	3.92%	1.97%	0.69%	1.35%	5.87%	2.99%	1.92%	1.50%	0.98%
SRLN State Street Blackstone Senior Loan ETF	7.51%	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

Can I hold both GJO and SRLN in my portfolio?

GJO and SRLN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GJO or SRLN?

GJO has higher volatility (3.18%) compared to SRLN (0.62%). In terms of maximum drawdown, GJO dropped -25.56% vs SRLN's -22.29%.

Which has better risk-adjusted returns?

SRLN currently has the higher Sharpe Ratio (1.73 vs 0.72), 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.