IBC9.DE vs. SRLN
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and SRLN (State Street Blackstone Senior Loan ETF) are both exchange-traded funds - IBC9.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped, while SRLN is a Bank Loan fund actively managed by State Street. IBC9.DE is passively managed, while SRLN is actively managed. Over the past 10 years, IBC9.DE returned 4.37%/yr vs 4.25%/yr for SRLN. A 0.54 correlation means they provide meaningful diversification when combined. IBC9.DE charges 0.50%/yr vs 0.70%/yr for SRLN.
Performance
IBC9.DE vs. SRLN - Performance Comparison
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Different Trading Currencies
IBC9.DE is traded in EUR, while SRLN is traded in USD. To make them comparable, the SRLN values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IBC9.DE having a 3.53% return and SRLN slightly higher at 3.63%. Both investments have delivered pretty close results over the past 10 years, with IBC9.DE having a 4.37% annualized return and SRLN not far behind at 4.25%.
IBC9.DE
- 1D
- -0.18%
- 1M
- 1.65%
- YTD
- 3.53%
- 6M
- 3.61%
- 1Y
- 6.40%
- 3Y*
- 7.00%
- 5Y*
- 3.98%
- 10Y*
- 4.37%
SRLN
- 1D
- -0.07%
- 1M
- 2.01%
- YTD
- 3.63%
- 6M
- 4.09%
- 1Y
- 7.03%
- 3Y*
- 5.83%
- 5Y*
- 5.46%
- 10Y*
- 4.25%
IBC9.DE vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.53% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | -2.14% | 14.98% | 0.23% | -3.66% |
SRLN State Street Blackstone Senior Loan ETF | 3.63% | -5.90% | 15.59% | 8.27% | 0.57% | 12.30% | -5.37% | 12.51% | 4.01% | -9.32% |
Correlation
The correlation between IBC9.DE and SRLN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.54 |
The correlation between IBC9.DE and SRLN shifts across timeframes, from 0.35 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. SRLN — Risk / Return Rank
IBC9.DE
SRLN
IBC9.DE vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) 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.
| IBC9.DE | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.43 | +1.44 |
| Martin ratioReturn relative to average drawdown | 9.37 | 4.27 | +5.10 |
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Drawdowns
IBC9.DE vs. SRLN - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -27.22%, which is greater than SRLN's maximum drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and SRLN.
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Drawdown Indicators
| IBC9.DE | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -21.84% | -5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -4.94% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -12.51% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -12.51% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | -21.84% | -0.50% |
Current DrawdownCurrent decline from peak | -0.18% | -3.85% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -4.64% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.65% | -0.97% |
Volatility
IBC9.DE vs. SRLN - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 0.88%, while State Street Blackstone Senior Loan ETF (SRLN) has a volatility of 1.30%. This indicates that IBC9.DE experiences smaller price fluctuations and is considered to be less risky 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
| IBC9.DE | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.30% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 4.67% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 6.43% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 7.73% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 8.99% | -1.14% |
IBC9.DE vs. SRLN - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
IBC9.DE vs. SRLN - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 7.00%, less than SRLN's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 7.00% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
SRLN State Street Blackstone Senior Loan ETF | 7.52% | 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
IBC9.DE and SRLN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBC9.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC9.DE is cheaper with a 0.50% expense ratio, compared with 0.70% for SRLN.
IBC9.DE is categorized as High Yield Bonds, while SRLN is Bank Loan. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for IBC9.DE and 0.70% for SRLN.
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