GNL vs. SRLN
Compare and contrast key facts about Global Net Lease, Inc. (GNL) 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: GNL or SRLN.
Key characteristics
| GNL | SRLN | |
|---|---|---|
| YTD Return | -25.30% | 2.35% |
| 1Y Return | -27.91% | 10.48% |
| 3Y Return (Ann) | -19.06% | 3.62% |
| 5Y Return (Ann) | -8.32% | 3.87% |
| Sharpe Ratio | -0.70 | 5.35 |
| Daily Std Dev | 37.55% | 2.00% |
| Max Drawdown | -58.38% | -22.29% |
| Current Drawdown | -49.64% | 0.00% |
Correlation
The correlation between GNL and SRLN is 0.30, 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
GNL vs. SRLN - Performance Comparison
In the year-to-date period, GNL achieves a -25.30% return, which is significantly lower than SRLN's 2.35% 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
GNL vs. SRLN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Net Lease, Inc. (GNL) 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
GNL vs. SRLN - Dividend Comparison
GNL's dividend yield for the trailing twelve months is around 20.01%, more than SRLN's 8.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNL Global Net Lease, Inc. | 20.01% | 15.62% | 12.73% | 10.47% | 10.11% | 8.76% | 12.09% | 10.35% | 9.07% | 4.49% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 8.79% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% | 3.66% | 1.91% |
Drawdowns
GNL vs. SRLN - Drawdown Comparison
The maximum GNL drawdown since its inception was -58.38%, which is greater than SRLN's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for GNL and SRLN. For additional features, visit the drawdowns tool.
Volatility
GNL vs. SRLN - Volatility Comparison
Global Net Lease, Inc. (GNL) has a higher volatility of 10.22% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.54%. This indicates that GNL'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.